The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1929-07-04
PROBE CHARGE
!. OF WILD BANK
! VIOLATIONS
Decatur Prosecutor Looks
Into Blue sky Law
Angle.

81 Tin es SpccioI
GREENSBURG. Ind, July T. -
Investigation Of alleged violation of
the Indiana blue sky law in the
sale Of second mortgage Ingelrose
Investment Company bonds BY Of
f1cials OF the defunct J. F. Wild IL
Co State bank Of Indianapolis
was being made here today by De-
catur county prosecuting officials.
The probe was started by ProSecu-
tor Herrod Carr, who. it is known.
is in possession of transcripts of
testimony given two weeks ago by
bond purchasers before Marion Pro-
bate Judge Mahlon E. Bash.
Cars investigation will center
around the sale of $4,000 worth of
the stock to Miss Amanda Hamil
ton of Greensburg. July II. 1927
Miss Hamilton's claim vas one of
eight allowed as general claims
by Bash against Richard LoWther,
bank receiver. after Bash held sale
of the bonds vas "A most fragrant
violation Of the Indiana law"
Situation is Studied
All Of the claims, with the excep-
ton of Miss Hamilton's, we're over
ridden by the two-year statute of
limitations.
I have taken cognizance Of the
situation" Carr declared. q gen
orally am averse to cases in which
persons are trying to pull chestnutS
out Of the fire in civil cases by Grim
inal action. This. however. is Of a
different nature entirely. The mat
Ter is before me and l shall take
few days to study the situation.
Miss Hamilton. it is known. has
been informed that Carr is 1nvesti-
eating the situation and she prob
ably will be subpenaed to the De-
cstur prosecutors office for queS-
tioning.
Grand Jury Not Meeting
Contention of attorneys for Miss
Hamilton. when they presented the
case to Bash, vas that the stocks
we're not registered with the Securi-
ties commission. Jane V. Lamb,
commission registration clerk. testi-
fed she had made a search of rec
ords and learned that the second
mortgage bonds we're not registered.
Miss Hamilton contracted to buy
the stock from Walker Marshall,
agent for the Wild bank. On July
10. 1927. she traded some other
stocks and cash TO the banks agent
for the Ingelrose securities.
The Decatur county grand jury is
not in session. so if Carr decides
to take action within the next eight
DAYS, before the statute of limita-
tions runs. he will have to file an
AFFIDAVIT before Circuit Judge John
Craig.
State securities commission Off
Gals we're informed of the alleged
law violations surrounding the sale
of the bonds several months ago and
conferences were held with Marion
county officials. No action was
taken.
Cars step adds another investi-
CATION and possible court fight to
the series that has marked the
Wild case since the bank went into
receivership on petition of state
bank examiners. July 30. 1927.
Officials of the bank we're indicted
shortly after the institutions failure
but the indictments we're quashed
in the Marion criminal court on
technicalities.
This was followed by a second
probe by the grand jury, Homer FL
lott, special prosecutor, and Prose
cutor JudsOn L. Stark. which re-
suited in a lengthy report from the
prosecutors Office saying there was
insufficient evidence for prosecution.
Joseph Wood. Robert K. Eby and
Frederick SChortemeier. former sec
rotary of state, represented Miss
Hamilton in the Marion county case.
Wood said he hoped his argument
was loud enough for some grand
Jury to hear me-