Salt Lake Telegram | 1926-08-25 | Page 4 | Indictments in Bank Case Loom

Im INDICTMENTS IN 1 CASE LOOM irand r Jury u Will I Probe failure of Nearly Southern Institutions ATLANTA Ga Aug 25 AP AP- AP ills ITI of ot indictment in In connection 1 the crash of ot the Bankers' Bankers r rust rUst st company o of Atlanta and the thc closing o of nearly 1 10 0 all nail Georgia and Florida banking Ques for which it acted as fiscal g t were held beld today by Ed A. A l assistant solicitor general I presentation to the special grand grandry I ry investigating the bankruptcy r of at the institution Meanwhile bankruptcy proceed proceed- gs against the Bankers' Bankers Finance ti o of Jacksonville Fla were ISs IS's l led Jed d in Tallahasse Fla late yes- yes by State Comptroller Ernest mos Sixty per cent of or the stock of at the Jacksonville institution was owned ithe B Bankers Bankers' Trust company of ot now now in receivership ac- ac to attorneys for far the Georgia Geargia ij i tate fate te banking department PROPERTY j Virtually all a of this 60 per cent as cas the personal pi property o of W. W D. D I t lanley anley president a of the closed At- At nta banking house hause The proceedings were explained r i s having been taken to conserve sets and protect depositors of at the IThe I lank ank The Florida comptroller said the rT capital stock stack listed as assets by everal banks s under his super- super tl Ision was being held by the Bank- Bank rs' rs Finance company and in order arder to to insure q quicker icker reorganization of af s some ome of at the banks that closed the stock should be released Testimony yesterday before a special lunacy commission Investigating investigating investigating gating the sanity of at W. W D D. Manley was dl directed at many phases o of the bankers banker's life lire his physical condition and his family life me PAPER PROFITS Arthur Powell representing rela- rela tires of ot Manley who are seeking a guardian for tar him on on the grounds that he Is mentally Incapacitated ted yesterday told the Jury that Manley Manley Man Man- ley made profits of in Florida real teal estate most mast a of which he said was on paper Powell testified he lie was unable to estimate Manleys Manley's Income because the banker himself set It variously Mrs Manley said her husband had hadnot hadnot hadnot not been rational for far twelve years and that their A Atlanta lanta home was purchased with her money maney His first business successes she said were made with funds furnished by her Dr II Ili G. G Allen Jr o of the Allen sanitarium at Milledgeville l Ga where the banker has been a patient patient patient pa pa- tient said he did not believe Manley Manley Manley Man- Man ley was faking insanity On the other ather hand he said he heIs heis heis is making an effort to appear sane and in some instances he succeeds v very ery well