The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1922-03-22
BANK OFFICIALS
At OKMULGEE TO
ANSWER Charge
Fred Dennis, Named Joint
ly With Robertson Re-
port to Have Dis
appeared.
$4,000 BRIBE TO
LET BANK OPERATE
State Funds Placed in Firm in
Order to Permit it to Run
Though Insolvent.

OkMULGEE, 0kla.-A joint indici-
ment charging Governor j. u. A.
Robertson Of Oklahoma and Fred 6.
Dennis, former state banking com.
missioner with accepting brbe 10
permit the Guaranty State Bank here
10 continue business after il had been
found inso!ycnt, was returned by the
state district court grand jury Tues
day. il was learned Wednesday by
the Associated Press.
Sheriff Frank Sewers, OF OkmuIgee
county. now has warrant for Gov
ern0r R0bertsOns arrest but said he
expected 10 hear from the executive
some time during the day and that ne
did not intend to serve the warrant
Immediately.
Later. word was received here by
a confidential source that Governor
Robertson would be here ION the
first train"
Dennis is Missing.
Dennis disappeared from Oklahoma
City soon after resigning from office.
So far as is known. local authorities
have no clue as to his present where.
abouts. He Is charged in another in.
dlctment with failing TO close the
Guaranty State Bank after it had been
found insolvent.
| The joint indictment charged that
the Guaranty State Bank had been
found to b. iHsolvcnt By Dennis after
an examination Of its affairs on Feb.
-. 1920, and that Governor Robertson
and Denis. having been under the
law 10 determine the solvency or in
solvency Of the bank. did "unlaw-
fully. corruuuy. knowingly. wilfully
and feloniously" accept S95, 5000 as
brlbe or reward from John II. Rebold.
under an agreement that $3.50, 900 in
state funds would be deposited in tho
insovcnt bank and that the bank
would be allowed TO continue TO do
business while in a state Of insolvency.
This money. the indictment charged,
was paid in a cashiers check. which
was later cashed by Governor Rob-
ertson and Dennis
Bank President Arrested.
Later J. Ray Brown. president OF
the defunct Bank of Commerce, was
arrested on eight indictments, four
of which charged accepting depos-
its in an insolvent bank, three charged
embezzlemept and one charging that
he made a false report as to the
condition Of the bank. lie made bond
and was released.
A. j. Peters, former vice president
OF the Guaranty State Bank and now
president OF the American National
Bank hero was arrested on an indict-
mont alleging that he had removed
abstracts and papers of the Guaranty
state Bank and released ON bond.
j.. H. Il. Cooke, former director
OF the State Eank was the next to be
arrested lie was charged with bor-
rowing money from the bank while
serving it os an officer.
OKAfCLGEE. Okla.--John T.. Cook.
prominent .ocai oil man and John IL.
Rebold. we'll known oil and lumber
operator. were arrested "Wednesday
on indictments returned by the dis
triot court grand jury after an in.
vcstigation into bank failures In The
county
Cool, was president of the Guaranty
state Bank which was merged with
The Bank Of Commerce here on Jana.
AIRY q, 1921, aud Rebold was Vice
president.
Eight separate warrants were serv.
cd on Rebold. charging accepting de
positS In an insolvent bank In four
cases. briblnr an officer. accepting
bribcs, perjury. and unlawfully bot.
rowing money fran a bank while an
active officer of the institution. He
Immediately perfected bonds totalling
$4,000 FOR his release pending trial.
Cook was arrested under five war;
rants charging accepting deposits n
an insolvent hank IN four cases aud
briblng an officer. lie was released
lndor bonds amounting to $4,000,
John W Hammond. president OF a
.cral wholesale Frocery concern and
'ormcrly u director in the Guaranty
state Bank later was arrested on .
charge Of unlawfllly borrowing money
: while an active aud managing officer
$ In bank. He was allowed bond e
a nnn IA