Ogden Daily Standard | 1914-03-11 | Page 1 | Two Bankers Are Indicted

I TWO BANKERS I AREJND1CTED I Henry Siegel and Frank Vogel ; Charged With Grand $ Larceny. ! ? WARRANTS FOR ARREST I Violation of Banking Laws I Also Charged Depositors !m Clamor for Their Money. New York, N. Y., March 11. Henry Siege), head of. department store enterprises en-terprises In New York, Boston and : Chicago, and Frank B. Vogel. his part-j part-j ner, were indicted today for grand larceny and violation of the banking laws in connection with the management manage-ment of the Henry Siegel and com' v pany private bank. ! Three indictments were found ; against Siegel and Vogel jointly. War-) War-) rants were issued immediately for their arrest. One indictment charges that they & committed grand larceny in borrow-8 borrow-8 ing 25,000 from the National Bank 1 of Commerce by making false repri? j sentations as to the financial stand- ing of the Siegel enterprises. The j other two allege that the Siegel bank j accepted deposits after insolvency, a . Three hundred depositors of the I Siegel bank crowded into the corri-ji corri-ji dors of the federal building this after- neon, demanding immediate redress J for their wrongs. They became so 1 demonstrative that the United States marshal summoned twenty deputies, and ejected them from the building.