The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-02-04
BANK OFFICIALS
ARE GIVEN u. S.
PRISON TERMS
Think of DepoSitorS,' Says
BaItzeII in Sentencing
Three State Men.

Replying to pleas for leniency
with the remark, Think of the
Federal Judge Robert c.
Baltzell Friday sentenced three Of
ficials of the defunct Spencer Qnd)
National bank to a total of nine
years and a day for violation of
the national bank act.
Karl I Nutter, president of the
Spencer bank and the Martinsvllle
Trust Company. was sentenced to
five years in Leavenworth prison.
The trust company also is in the
hands of receivers.
Frank Wright, 1929 College ave-
nue., cashier, was sentenced to the
federal reformatory at Chillicothe,
o., for three years. The banks
vice president, Temple G. Pierson,
was sentenced to a year and a day
in Leavenworth prison.
The three officials we're among
ITO men and women who faced Bait
zell, charged with bootlegging, mar
cotic peddling, counterfeiting and
kidnapping.
Scored by Judge
Nutter, who claimed he lost $780,
600 IN the closing of the two insti-
tutions, was scored by the judge
when he said he did not know the
condition of the Spencer bank at
the time the misrepresentation Of
funds took place.
Nutter said he asked Wright for
funds from the Spencer bank to
bolster the crumbling MartinSville
institution, but that he had no idea
he was endangering the banks Sc
curity.
You were a bank president for
twenty years." said Baltzell. you
should have found out in that time
that it was your duty to know the
banks condition"
When Homer Elliott, attorney for
Nutter, pointed out that none of
the officials had taken money for
their own use, Baltzell said, Does
that mean anything to the deposi-
tors who now are living in or near
poverty because of the money they
lost in the bank?"
Gets Slight Sentence
Violation Of the new law against
use of the mails for eXtortion
brought a sentence of a year and
a day for Myl9 Myers of Greenwood.
The law was passed by congress
following the Lindbergh kidnapping
case last year.
Myers sent a letter to a Green
wood business man threatening to
kidnap his baby if he did not de-
liver $4,000. Myers was captured
when he tried to collect the money.
Il am passing a light sentence
on this man." said Baltzell. But
II any gangsterS try it, I will give
them the limit"
The law calls for imprisonment
of not more than fifteen years."
Many Others Sentenced
Those sentenced in the Indian
apollS division on liquor charges
were: Harry Mccormack, four
months; Joe Marine, six months;
Joseph Dumato, $3.50 fine and ninety
days; Walter Ewing, Negro, six
months; Frank Beard, four months:
William Jones, one day; Albert
Shireman, four months; Charles
Fosso, four months, and James
PreSuttio, four months.
Sentenced on other charges were:
Charles Truckey of StendaI, passing
counterfeit money order and pos
session of counterfeiting equipment.
five years; Miss Marguerite Pappas.
Greenville, O., passing countereit
money orders, year and day; Ray
mond Enneking, Brooklyn, N. Y,
taApering with mail box, two years;
Arthur Dillingham;, forging adjusted
service certificate and counterfeit
ing, five years on each count, to run
concurrently; Lauren H. Turk, white
slavery, five years; William Ball and
Helen Sullivan, forging narcotic
N.Y. cfa1s-TN