Imperial Valley press., 1930-12-26
MAXIMUM
TERM IS
IMPOSED
Beesemyer Given from 10
to 100 Years in Prison
On Theft Charges.
GETS SHORT STAK
Court Orders Sentences
Are to Be Served Con-
secutively.

LOS ANGELES, Dec. 26. U.P)-
Gilbert II. Beesemyer, whose della
cations wrecked the Guaranty
Building 81 Loan Association, today
was ordered to serve from 10 to
100 years in San Quentin peniten-
tary
Sentence was passed on the for
mer general manager of the Guar
anty by Superior Judge Walton
Wood. who decided Beesemyer
should serve the maximum time
possible.
Judge Wood gave Beesemyer one
of grand theft to which he pleaded
guilty.
The jurist ordered further that the
terms should run consecutivcly and
not concurrently.
Before sentence was handed down,
lie Compte Davis, defense attorney.
asked that the court take into con-
sideration that Beesemyer had con-
fessed the almost S8,000,000 theft
voluntarily.
District Attorney Buron Fits also
informed the court that Beesemyer
made a voluntary confession to his
board of directors and did the same
before the grand jury, permitting an
immediate indictment.
Judge Wood ordered that the rec
ord should show Beesemyer's act
\ S,,. lie, nslf
to read from the indictment.
"On the first count of this In
dictment," Judge Wood said, "it Is
the Judgment of the court that you
serve the term fixed by law for
grand theft, one TO 10 years.
Judge Wood went on through the
indictment imposing the same SEN
tence for the other nine counts and
concluding with the statement.
Asks for Stay
1T is the further judgment OF
this court that these terms be served
consecutively."
After sentence was pronounced
Attorney Davis asked for five-day
stay of execution and the court
granted the request. Davis said
Beesemyer desired that much time
to clear up his personal affairs.
Court attaches pointed out that
Bcesemyer might only have TO serve
six years and sio months. In event
the prison board set his sentence at
10 years, his good time" allowance
could cut the figure to six years and
six months.
Before Beesemyer went to court
the district attorneys office pre-
sented Judge Wood a summary Of
the case.
1t outlined that Beesemyer and
number of associates organized the
Guaranty Building & Loan Associa-
ton of Los Angeles in 1921 with
capital of $4,000
This capital was repeatedly en-
larged until in 1880, the summary
said. it has reached the amount of
$40C 900.
Little attention was paid to the
affairs Of the company by anyone
except Beesemyer, it was stated.
Directors confined their activities to
the weekly meetings of the board.
Beesemyer in 1925 began diverting
money of the Guaranty to his own
use and to the use of other individ-
uals. corporations and concerns.
The testimony shows that the
money that Beesemyer diverted was
used by him in more than 30 cor
porations, syndicates or partner
ships" the summary read. 1T also
show that in each case Beesemyer
was the dominant figure controlling
the management and money"
The report stated that these di-
versions of moneys reached total
of $7.66l ,79378 on December IL
1890 On that day the affairs of the
Guaranty were taken over by the
State Building e. Loan department
after Beesemyer had confessed his
,defalcations to the board Of direc-
tors.