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The Evening Bulletin
Maysville, Mason County, Kentucky
What is this article about?
Grand jury in Kokomo, Ind., investigates wrecked Paris-Dwiggins bank in Greentown, uncovering fraud by organizers who withdrew deposits and substituted worthless securities. Ex-Governor Chase employed to solicit deposits. Indictments expected for Paris, Dwiggins, Walden, and possibly Chase.
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Prominent People to Be Indicted in Connection With a Bank Failure
KOKOMO, Ind., June 5.-The grand jury, in session all last week investigating the affairs of the wrecked Paris-Dwiggins bank at Greentown separated without making a report. Cashier Walden testified that the organizers had no money invested in the concern, and drew out all money as fast as deposited, putting worthless paper in its place, chiefly stock in the Chicago Gold Mining company and a mythical trust company.
It was also shown by the evidence that Paris and Dwiggins employed ex-Governor Chase a short time before the failure to go out among the farmers and solicit them to make deposits and to take stock in the bank. The ex-governor testified that he had no financial interest in the bank, being employed on a salary which he has not yet received.
It is regarded as certain that Paris, Dwiggins and Walden will be indicted, and the chances are that Chase will also be indicted.
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Where did it happen?
Domestic News Details
Primary Location
Greentown, Ind.
Event Date
June 5
Key Persons
Outcome
indictments expected for paris, dwiggins, walden, and possibly chase
Event Details
Grand jury investigated wrecked Paris-Dwiggins bank; organizers withdrew deposits and substituted worthless paper including Chicago Gold Mining company stock and mythical trust company; Paris and Dwiggins employed ex-Governor Chase to solicit deposits and stock from farmers; Chase testified he was salaried and unpaid