The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-03-06

porter, is listed as secretary treas
urer Of the old Citizens, treasurer
of the Grant Trust at a later date,
president of the Marion Title and
Loan Company in 1880, and vice
president and cashier Of old First
National of Marion.
The loan company Mr.. Kiley
headed handled the floating Of S37,-
500 in Chateau apartment bonds,
and Indianapolis realty holding,
which were bought by the Grant
Trust and placed in the account of
insane veterans trusts.
R. J. Spencer ST.. and R. j. Spen-
Ger Jr. are shown as respectively
chairman Of the board of directors
and president of the old Grant
Trust as well as incorporators Of
the Chateau Apartments Company.
Shown as Officers
The Spencers are shown in direc-
tories as president and vice-presi-
dent respectively Of the Marion Real
Estate Company.
George L. Cole, Secretary-treasur-
er of the Grant Trust at one time,
was president of the old First
National of Marion.
John A. Rhue, director in the old
First National bank was in a report
of 1880 to the statehouSe at Indian
apolis the vice-preSident of the
10 rio
This company had in addition to
Mr.. Kiley as president a Robert
j. Spencer, secretary"
DR.. w. A Fankboner on April %,
1926, was listed at a merger meet
ing of the Grant Trust with the
Citizens Trust as director of the
Grant bank He was a director in
the old First National of Marion
and is listed now on circulars Of the
new First National in Marion as a
director.
Hold the Same Posts
DR.. John F. LOomiS and Edwin
F. Leigh. were directors in the old
First National, and hold the same
posts in the new bank.
Frank Garland was vice presi-
dent in the Grant Trust and direc-
tor in the old First National bank.
Rome T. Calendar is listed as
president of the old First National,
as we'll as the new First National in
Marion.
Marshall Williams, trust officer
of the old First National, figured. as
secretary of the Grant Trust, as we'll
as attorney for the Citizens Trust
in the matter of guardianships.
John Fleming, United States di-
trlct attorney at Fl. Wayne, has,
according to Mr.. Breedlove, under
investigation the liability of those
holding the Veterans estates in
trust, and has not definitely de-
cided whether action can be taken
under federal law.
Audit Is Not Ordered
The chief attorney of the re-
giOnal office of the veterans bureau
told The Times that a complete
rNNAAS VI lA1C OOOhS VI bIlS
Trust by certified public account
ants would be helpful
He said Circuit Judge o. D.
ClawSon had net up to the present
time ordered such an audit. The
Grand Trust is in ieecIve-Snip IN
Judge ClaWson's court.
Talk of settlement of the suits
now pending against the Grant
Trust and the exceptions suits
against the old First National is
rampant.
1t is admitted by attorneys on
both sides that actual partial re-
covery of the lost thousands Of
insane veterans may hinge on up
lift Of bond prices and the good
ness of heart of Uncle Sam in
using the home loan bank to con-
vert the bitten mortgages in
the trusts of the incompetent war
veterans into cash through new
loans and thereby restoring Uncle
Sans own money to sick men who
originally had that money to the
credit of their estates and heirs.
CTHE END