Ogden Evening Standard | 1913-03-18 | Page 1 | Indicted by Grand Jury

INDICTED BY ! GRAND JURY Ofl'icers and Directors i of Cincinnati Trust Company in Toils Cincinnati, Marc h 18. George B. I ' OX, former president of the defunct City Trust company, two former of-I ficera of the company and eight ' members of ihe board of directors were named in the sealed indictments i. turned by the Hamilton count) grand jury yesterday. The envelopes containing the nniu trm-i,' w-i. opened open-ed by Common Pleas Judge Cosgrave today. One of the nine counts charges the "misappropriation" of $115. 000 of tin-bank tin-bank money, now iu the hands of the receivers. Indictments on this count were returned re-turned against George B. Cox, Charles P, Davis, Norman G Kenan, .lames K Heady. James M llutton. I. N. Miller, Mil-ler, N S. Keith and P Ft. Williams. Control of Funds Cox. J M (raw lord. Davis, David C. Kdwards. Heady, Hutton, Keith. Williams and C. V Parrish, having! control of Ihe funds of the company,1 were Indicted on a charge of having converted to their own use a promissory prom-issory note of the Cincinnati Trust company for $12u,000 It is charged that the men who were liable for the note canceled It and entered It as paid in the company's books, when it had not been paid. Nine Loans to Chair Co. Kach of the nine counts of the Indictment charging misappropriation of funds relates to a separate loan j to the Ford & Johnson Chair company, com-pany, of which President 'Cox of the trust company also was a director. The total amount of the nine loans was $115.tioo. It also was claimed that the notes set out In the indictment indict-ment comprised only a part of those made to the chair company All the defendants except Heady, i who is ill. and Hutton, who Is out l-r1' 1 hfu-fcL1: ? in eourt when the indictments were read. They were prepared It was said, to give bonds lof $5000 on each Indictment