Ogden Standard-Examiner | 1927-07-28 | Page 1 | 34 Millions in Julian Oil Can't be Found

34 MILLIONS IN JULIAN Oil CANT CAN'T BE FOUND Jack J ark Bennett Fugitive Central Figure Figu c May fay Hold RoId Key LOS ANGELES July 23 By 28 By The Associated Press Grand Orand Grand Jury tes tea testimony testimony that vanished dur dur- during during ing the frenzied financing which re revolved re- re revolved around the Julian Petroleum corporation and resulted In its it col col- collapse lapse today shed further light on the magnitude of the great stock over over- Issue and pool loan bubble ending in inthe Inthe inthe the Indictment of scores of wealthy men of southern California The missing bubbled up In the transcript of the grand Jury proceedings In the testimony of F. F F F. Hahn an accountant He said that only of had been traced through check book stubs of o Jack Bennett now sought as the central figure in the crash Th check book boo Is the record r of or the loans and stock pools which pyramid pyramid- pyramided ed cd on the flimsy security of over o Is Issued Is- Is Issued issued sued stock to the point where they crushed the corporation In a previous announcement that tha all nil traces of the thc had been lost the district attorneys attorney's office an an- announced announced announced that this did not mean necessarily necessarily that Bennett had taken the huge sum with him In In his hurried departure from Los Angeles Just prior to the disclosure of the stock over over- issue of more mor than four million shares We know that Bennett received approximately from the sale of stock to Los Angeles An eles brokers which did not go back into his bank account testified Hahn We can prove that Bennett received recel from va various va- va various various rious sources subsequent to January 1 I 1926 in excess of