Salt Lake Herald-Republican | 1913-01-05 | Page 7 | Loans of Million Made Illegally

LOANS OF OFIE MILLON MILLION I IMADE MADE IE ILLEGALLY Three Men Indicted in Connection Connection Connection tion With Wih Cincinnati Trust Company's F Failure Cincinnati CincInnat C O. O Jan 4 Tile The The grand Jury ur I which has hs een 1 Investigating In the af affairs affairs at- at fairs of or the late Cincinnati Cincinnat Trust compan company com corn pans pan of ot which G George orge R. R Cox was president ent returned two indictments charting N. N S S. S IC Keith Ith former secretary and F. F R. R Williams former treasurer wih with misappropriation of the funds of ot the company An Indictment wa was re returned returned re- re turned against A. A D. D Martin Martn charging him with wih making a false falso statement nt of the tho to Ford Johnston Chair company compan affairs In connection with the com corn pany Martin was waR vI vice co president and anti g general manager of at the Ford lorl Johnston Co company m Pan l. l I Tile The he evidence presented presente to the grand Jury jur Is said to hn have shown that tho the total loans made h by the trust company compan to the Ford ord John Johnston ton company reached more than a a million dollars President Cox of the trust company also aleo was reported to be he a a heavy stockholder stock stock- J hea holder In the Ford Johnston company which now no is In the thc hands of a ru- ru The Indictment nt against n Martin Mar Mur- tin tn c charges him liin with Ith having made mado a faleo falo representation to the tho bank hank officials of or- about the condition of or the chair company There were four twenty counts In the lie Indictments indictment against Keith an and Williams tho the amounts mentioned being more moro than Loans aggregating more moro than a million million mil mil- milon mi- mi lon lion dollars to the lie chair company compan were Illegal I according to state stat banking laws Tho The trust company compan was capitalized capi capi- at und and coul could not le legally legal legal- nl- nl l ly loan more mOIa than to any firm Individual or corporation