The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1922-02-12
'FREELlNG A LIAR
JUDGE TOLD HEPBURN
covrlYrr rnoM rAGE oyE

CONTINUE FROM PAGE ONE
. lions had warranted such indlct-
incnf II will always be pleasure
I TO mo 20 look back on tho short
time That We worked together.
T1Ilsn u Called IN.
/ "This grand jury was impaneled
1 iu The superior court by Judge II. r.
Christopher IN pursuance TO u
petition nlod by something like twu
hundred taxpayers. citizens. de-
WaudlnV that grand jury be Inn
pnuDlod for the purpose Of invcstl.
eating particularly the affairs OF tho
Unult OF Commerce ~ Okmulgce on J
the Guaranty state bank OF OK
uulRoo The grand Jury was fluoly
impnDclcd Tor the purpose set out
lu the petition on January II, 1922.
nud Immediately thereafter ontnroi
upon It's laborg Shortly after thcy
y,orr Impnuolcd they reported 20 the
court requesting the court 10 APP
point r. T. Farmer n bank cx-
uwIncr uf Tulsu, a man who had
been highly recommended to the
urnnd jury nud other officers OF
Okmulgco county as Suitable per
sDn 80 assist tho grand jury in their
inbors submit herewith tho ro-
port ~ Mr Farmer mnde 10 the
grand Jury. which Is self explanatory
ard there was evidence introduced
before tho grand jury Gufticicnt 20
provo al the statements set out IN
Mr. Farmers report. that is. the
grand jury used Mr. Farmers ra'
port ng starting point IN the In
vos'iEatlou. and everything set ont
m his report rs borne out by tho
evidence before the grand jury
Last Friday, February 3. 1922.
having practically completed tho in
Vcytigntion regarding these banks.
the grand jury adjourned until
Thursday. FEBRUARY .. This was
done principally 10 give the county
attorney time 10 prepare certain In
dlctmouts which had boou ordered
prepared by the grand Jury, and for
the further reason that they hai
bcen informed by Judge Christopher
that no had 20 go to Oklahoma city
Monday evening, February q, and he
would return Thursday. February 2,
1922, and II was necessary for tho
grand jury to adjourn for the rea-
son that they could not legally re-
main In session while the presiding
Judge was out OF the county.
Tho Inside of the Deal.
"Acting under the instruct 'ons
OF tho grand jury the county nt-
toFncy prepared for Thursday, 10
be acted upon by the grand jury
nt that time ~ indictments
against Officers OF these banks and
against certain state officials.
These indictments charged cm-
bczylcncnt, accepting deposits for
insolvcnt banks, perjury, accept
Ing n bribc. making false report Of
condition of q bank, offering and
giving n brlbc and conspiracy
Against the laws or the state OF
Oklahoma. The evidence before
the grand jury showed In part
that Fred q. Dennis personally
examined the Guaranty State
hank two days Immediately pre-
cediag the 27th day of Scptcm-
bcr, 1920. AZ that time accord
ing Ia the evidence before the
grand jury by reason OF their re-
serve isring below the limits pre-
scribcd by the banking board, the
bank was insOlycnt. Thcys also
found Gcvcral loans made by the
bank beyond the legal limit This
was particularly true regarding
the looms OF one OF tho directors
president. Although the capital
Of the Bank OF Commerce was
$500 600 this director was liable 10
the bank on his own paper and On
Endorsements and IN paper OF
compares Of which hc was In
control OF an amount something
like. or perhaps more than the cap
tai stock OF the bank. Mr. Dennis
personally examined the bank.
pronounced it In excellent Condi-
tion, and found by his report that
there were no excess loans. On
the 27th day of September. 1920.
the director In Cr'cstion paid TO
Mr.. Dennis h" cesh.cr check on
the Bank of NTcrcc the sum
OF S9b 900. Til chcc.s was issued
by the Bank oH Commerce at n
time when the party purchasing
the cashiers check was ovcrdrnwn
Pt the bank. According TO the evil
dcncc before the grand jury this
check uas delivered to MIR. Dennis
by this director In question and by
Mir. Dcuns presented ut the
wilkins Hale State bank nj Okln-
bora City on the 2Stb day OF Sep
tcmbcr, 1890. Three cashiers
checks were i~ucd on the same
day by the Wiliins-Hnlc State
hank. two of these checks were
| for the sum Of sS.33S.33 and IA
| third was for sS .338.3i. Accord
Ing to the evidence before the
grand Jury one Of these checks
was issued by Mr.. pcnnis IN Dart