The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1922-07-13

aniners and that his conduct had
shown that he planned to stay and to
make good every nickle Of the shortage.
Assistant District Attorney Stephen
sen himself asked for the limit ad-
journment In the hearing as be de-
clared that there was much to do in
connection with the investigationsbeing
made by representatives Of the COM
missioner Of banking and thas.it might
be a fortnight before the real facts
were brought out.
Bond is Continuing One.
Judge Slater in fixing the bond an
nounced that~ittwould be continuing
bondto insure the presence of Schlecht
in court from time to time. The attor-
ney for the accused banker stated that
arrangements had been completed for
the bond and that it would be fur
nished within few hours. Assistant
District Attorney Stephenson suggest
ed bonds totalling $4,000 but the court
held, that $4,000 for each complaint was
sufficient Schlecht was left in court
while his brother and his attorney
went out to arrange the details of the
bond.
What the Warrants Charge.
The first complaint charged against
Schlecht is one for embezzlement. It
charges that he embezzled Liberty loan
bonds to the face value of $4,000 and
actual value of $4,529.63. These were
bonds which the complaint alleges had
been left with the bank by patrons for
safe keeping. The names Of the people
who owned the bonds are not revealed
in the complaint. The second warrant
charges that Schlecht changed ledger
sheets in the records of the bank by
changing the word "Treas." which ap-
peared after the name of Charles Dean,
treasurer of the town of Salem, to
"Spl." 1t was held that this had shown
that the account of Dean as treasurer
of the town of Salem was a Special"
account. A third complaint charges
embezzlement of the sum of $4,000
from the account Of George M. Bassett,
said to be one of the largest accounts
carried by the bank. This money had
been left in trust with the bank, &C
cording TO the statement of the as
sistant prosecutor.
Two Forgery Charges.
The last complaint is made up of
two counts. One charges the forgery
of check in the sum of $4,000 to
which the name "Charles Dean, Treas"
was signed, and the other charges the
uttering of this check. 1t was sug-
gested that this check was drawn
but that the am mount of it had already
been made good. 1t was admitted by
the assistant prosecutor that other
complaints might be made later in case
the examination of the books of the
bank which are now being completed
showed the deed for such complaints.
Statement Issued Today.
A statement of the bank showing its
condition at the close of business on
June 30th was issued this morning with
the consent of the representative of
the state banking department. This
statement showed that the bank was
entirely solvent. The statement, while
being largely the same as the one is
sued by the bank on May 18th last
the last statement before the appeal Of
the directors to the state banking COM
missioner-shows bills payable in
creased from $42,O0o to 100000 and it
shows a slight decrease in the amount
of one form Of deposits.
Silverlake continued to take the con-
ditions at the bank philosophically to-
day and the people have been fully
assured by both the state department
and the directors of the bank that
there is no cause for alarm.