The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1923-01-12
HERE'S MORE ABOUT
GRAND JURY
STARTS ON PAGE ONE

ten collateral agreement hold by the
bank. this collateral was also pledged
generally for all Of the other indsbt.
edness 20 the bank. on their failure
10 get tho securities IN question re-
stored. the bank insisted on its right
90 hold the remaining securities Of
tho debtor for all ifs unpaid indebted
ness. And II IN over this action the
controversy occurred.
This matter. which IL unimporfant
In 10 far ss the amount Of money In
voivcd IN concerned. DOES involve q
very important principle concerning
a bank officers duty In the protee-
ton OF It's customers and stockhold-
era
Il am glad thss matter viii now
come up In due time In an orderly
way for consideration and that our
ride Of this small controversy will DO
heard. lam fully convinced our posi-
lion will he upheld and approved.
Tho facts viii show that our so-
ton was entirely right and proper
ana that we nhould be commended
and not criticized for pursuing a pol
icy which any prudentiy managed
bank should pursue under like cir
cums,ances for the protection Of It's
customers and stockhoidersr
Tho killing OF Herman Alexander
by Matilda Berg was found an act OF
relf-defense.
The county hospital management
was held negligent In having placed
Robert Monan. an insane person. In
the same ward with Jung Fong Jim.
aged Chinese. Monan killed Jim In a
nj OF insane rnge.
Boxing. AZ conducted IN Seattle. II
within the law. the evidence recs.ved
by the jury showed
No evidence Of perjury was un-
earfhcd In the county ferry DIAL
and the dismissal Of indictments
returned by n former grand jury
against three county commits
sionerr. Capt. J. 4. Anderson and
o<her employees Of the county
ferries.
Dismissal Of the indictments by
the county prosecutor was found jus.
tfffable.
Tho Scandinavian American bark
fniiure wns thoroiy investigated and
the work Of the former grand jury
approved. Alleged irregularities IN
the conduct Of the bank have passed
the statute OF limitations governing
criminal prosecution. the jury found.
We cannot pass over these ir.
Irregularities In tis conduct Of the
bank. and transactions deemed 10 bs
grossly wrong. without a word Of
censure they Justly merit" the report
states. We regret the language OF
our statute ~ limitations a. II per-
mfts crimes In banks and banking 20
70 unpublished N successfully cover.
- up for three years.
The use Of tho imitation Of ire
seal OF the state Of Washington IL
deemed rsprehsnsfBla We find that
the act relating 20 the guaranty OF
bank deposits was sponsored by J. ".
Chiib<rg and w. r.. Hanson Of the
Scandinavian bank. and We further
find that the act was no value Al q
snarsnsy for the reason that the law
II incapable Of enforcement
ne jury discreditsd r,snors shaf
acccunsA credits and papers Of tbs
hank had bean ju9Hied AZ the tins
Ralph B. Stacy became president.
Stacy 10 commended for trying so
conserve hank assets for the deposit.
ora HIS efforts. the Jury found.
have made possible payment Of q so
per cent dividend and another Is per
cent dividend may be paid. Conduct
Of the state banking department
prior 70 L. II. Moor~'s taking charge
10 denounced. Moore attempted 10
correct many Of these evils. levied
an assessment Of 100 per cen, against
the banks stockholders and removed
J. II. chilberg AZ president.
Prosecutions OF guilty hank Of.
ficisls could have been accomplished
In September. 1891. when the prose.
cutor addressed a letter 10 the state
department. asking n there
were any matters TO be probed by
grand jury. The bank department
aid there were nor~.
Ralph =. Hopkins. who complained
10 the jury that en- effort was being
made 20 send him to an axyium, was
promised relief by court decision be-
fore Judge King Dykeman.
Numerous other matters of minor
Importance were referred 70 the
attorney for action.
Tho grand jury praised the services
N Robert Monan. jury bailiff. No
Is made OF the prosecuting
attorneys office In the report. COM
or otherwise.
Judge Griffiths. disappointed at
Tho work OF the jury. In accepting
he report. said:
while no doubt the Jury has en-.
ieavored to do It's duties. hope
when Its members are called upon |
again for Jury service they win not |
'ay What's the use: nothing will
,ome OF II. anyway but win fulml |
he task feariessiy."