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OCTOBER GRAND JURY TO PROBE AMERICAN BANK Haddon Announces Exhaustive Investigation of Institution Planned. NOW STUDYING AFFAIRS State's Attorney to Devote Time to Lining Up Evidence to Offer. An exhaustive investigation into the affairs Bank and Trust Company will be launched at the term of hustings court. was announced today by Attorney T. Gray Haddon This be the official to determine whether any eriminal action will be taken in connection the failure of one of the major financial institutions which wa denied permit to reopen for business the banking day on March although Mr. Haddon' Ingram for have the grand jury The matter ferred because of pending civil Commonwealth's Attorney Haddon said be making study of the Thank's affairs in order 10 make his presentation to the jury. He will all his time now and lining up the he will offer Aided by Reports The work the grand jury be greatly facilitated by reports Andrew all the rations the tion from its organization in are covered The second report printed volume of more than 900 pages. While Judge Julien Gunn has has the Christian report several months It has not been made public In bill in equity filed on June 19. 1931 the and charged many acts, among them that they did not report earnings properly. that mort gage loans had been sold part of the property was in default that bank funds used to vent sale of bank stock and thus create appearance and that loans to "insiders and associates contributed heavily to the crash of the These accusations in tion with civil now pending against the (Hrectors and officers Since assuming office on Jan Attorney Haddon has been extremely buss the past two months the tion of the and trials of gangsters have occupied much of his time.