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Show Report Places Blame for Failure of Institution PilJGREE, HfiYS JRD FORD MSI FACE CRIISL CHARGES amount of $31 m Georne K. Tord In the amount of 9H0n. and U J. Ilay in the amount of $l2.fcia-" - .lohn 1'uiKree Is also charged aepa-rately aepa-rately with knowlnnly making false .ntrv in the hooka of the bank. Kord n similarly charged In another Imllct-ment. Imllct-ment. Ford and l'ingree are aleo cliarged jointly In two separste Indictments Indict-ments with making and declaring an unlawful dividend. Another Indictment charges Ford with embezzlement, alleging that while acting as secretary and director of the Mercliatua bank he appropriated a sum amounting to I'iiimu to his own personal ueiv The indictment nts forth that the money was the pMyperty of the Hini.-hain Hate bank, a corporation, which was u depositor ill the def unci Merchants hank. A separate indictment accuses Hays of i inlM ir.l. nient. It being alleged lhat i-tween J'lil . I'M, and July H. 1 Wl H, while be was si ting as assistant cash-, ler of llie bank, be came into M.sses-sl. M.sses-sl. n of JL'tOiMl beloii'HiK to llie bank: II, al this sum was intrusted to linn as an employe of I he bank, but that he look the monev. In "violation of his irusl. and did llieii and there unlawfully, unlaw-fully, fraudulently and feloniously appropriate, ap-propriate, embezzle and convert it to a use not In the sa'd lawful execution of his trust, to-wit. to his own use." .lohn I'lnree, president of the defunct de-funct Merchants bank, who Is Indicted Indict-ed hv tha grand Jury, was born In Ogden, the son of Job I'mgree. Weber county pioneer He became cashier of tha First National bank of Ogden when a young man and was generally credited with having assisted greatly In making that ona of the strongest financial institutions 1n the state. He was brought from ngden to Halt Ike at the time the Merchants bank was reorganized, a few years ago. lieorge Klmer I-ord. Indlclcd secretary secre-tary Is r,3 years old. Hewaslsirn In Albany Al-bany N V lie came IV flab Hi I"' and nun been connected with llie Salt Ijvke Pressed llrick coninv. It ;. llun ft I'o. the fi.-ott-ftircvcll Hardware Hard-ware company, casloer "f the ilaniKs k National bank of poeatello. The Indictments, signed by D. Car-1 los Kimball, foreman of the grand Jury, are against John IMngree ami fleorge y.. Kord. agalnM l'lngree and 1 Kord separately and against 1'lngree. j Kod so, I 1- J. 1 1 a ya -aniL- lllty. separately. i Ti, in.lictmenta against Plngree and lord Jointly state thai: j John Pingraa and Georga E. . Ford ar accuaad by tha grand j jury of tha county of Salt Laks by thia indietmaot of tha enma of racaiving daposita in insolvont bank, knowing such bank is insolvont. in-solvont. ' The indictments recite that the "said John 1'im.ree and Oeorse K K ord. at said banking house and place of husl- , ness In Halt Iake 'itv. did on the, said eighth day of July lll then and there knowing the said bank was insolvent. unlawfully. wilfully and feloniously receive into said bank from one 1 ir liavid Andrew, a de-(sisii de-(sisii of morey in the am, ami of ICH?. SO " tlther llislallces under lbs same( charge asamst I'mgree and Kord name : A. Hoskisson company as making ; deposit of $f,42llS. la-sere! Kuel com-j pany. Inc. a deposit of $1470: Prank! Kyriopoulos. a deposit of UGnf,!",; Toln j l-olitz a deposit of 1471: A K. Niner. I a det.os.t of Hil l It. all charging that the deposits were, received by Pinrree i and Kord on July . and alleging that the defendanta on that data were aware of the fact that the bank was. Insolvent j Kmbezzlement Is charged against ; Plngree. Kord and Haya in separate In- j dlctmentp- 1 In the Plngree indictment under thia : charge, it is alleged that Pingree on July I. 1H1'. being at that lime president presi-dent of the Merchants bank and also I treasurer of a corporation calWd the National Treasurer Mines compare, a Nevada corporation, received a. lreas- 1 uter of the mines company tWi and whde in "the possession of and had under hia control said sum of money. hv virtue of lieing the trei oir.r of Ihf said National Treasurer Mines com- pany. a corporation, and president of j said .Merchants bank, he dtd then and there, to W't. on the 1st day of July, j ISIS. In violation of hia trust mllfullv. I unlawfully, fraudulently and felonious- ; ly appropriate, embezzle and convert to j hia own Use, and to a use and pur- j pose not In the due and lawful ex- ecutton of his trust, and without the authority, permission and knowledge of aald National Treasurer Mines company com-pany and said Merchants bank, convert con-vert to his own use the said JS.Hin." Plngree. Kord and Hays are further charged In . tho report with making. lf.il entry In book of record or t statement of corporation, which forms the basis of a starate indictment returned re-turned against the three officers Jn this connection, they are charged specifically with "knowingly, willfully, unlawfully, fraudulently and feloniously felo-niously making entry In -th paying pay-ing teller'a ' book of the Merchants Mer-chants ' bank record and statement that the said Merchants bank was cwrryiryr as cash on hand certain items, which in truth and In fact were overdrafta of .the I tali 1-acking and Provleiop companv in the amount of K4.i77 U; -John Plt.gree in the i |
