Salt Lake Herald | 1906-05-27 | Page 1 | Bank Insolvent for Many Years

I BANK BANE INSOLVENT I i fOR MANY YEARS I II More Indictments in Connection i tion With Rev George Simmons Failure Peoria Iii May GK a citizen n and member of a wealthy family was as indicted by the theMay theMay May grand brand jury on the charge of em in connection with the wrecking of the Peoples Savings bank which closed Its doors after the suicide of the late Rev George Simmons Wool ncr ner had ow owned the bank for tor many years prior to the transfer of the property to Simmons last September Evidence be fore the grand jUry indicated that the I bank had been in insolvent for fOl years and that it had loaned leaned all available funds to Mr Woomer Is now an in invalid invalid valid at Los AI Angeles but will ill be brought back at atThe once The jury adjourned this morning Rev E Louis Kelly of W Wheaton ton Ill former pastor of Rev Simmons in the defunct bank and louls Look cashier of the bank now In it California were also indicted Marion Raish and L G Humphrey Humphre officers of the local carpenters union were indicted f It is al that they sent a letter Jetter to the company as assessing sousing it for employing woodwork woodworkers ers on improvements in the plant in instead instead stead of carpenters An attempt was was made mad to establish a boycott of the build ing contractors by similar methods