1.
February 21, 1914
South Bend News-Times
South Bend, IN
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RECEIVER PETITIONED FOR Bank Officials Misrepresented Condition Says Petitioner. CHICAGO, Feb. 21.-A receiver is asked for the American Banking association and charges of fraud are made in a bill filed Friday by Joseph Stout, a stockholder in the association. Stout charges that he was induced to purchase 50 shares of stock under the incorrect representations that the bank was incorporated for $500,000 and that $300,000 of the stock had been paid for in cash. John Worthington, president of the bank. is named as the chief defendant in the charges of raud.
2.
February 24, 1914
The Madisonian
Richmond, KY
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CHICAGO BANK IN TROUBLE Receiver Asked for American Banking Association by Joseph Stout, a Stockholder. Chicago, Feb. 21.-A receiver is asked for the American Banking Association, and charges of fraud are made in, a bill filed here by Joseph Stout, a stockholder in the association. Stout charges that he was induced to purchase fifty shares of stock under the incorrect representations that the bank was incorporated for $500,000 and that $300,000 of the stock had been paid for in cash. John W. Worthington, president of the bank, is named as the chief defendant in the charges of fraud.
3.
February 26, 1914
The Greenville Journal
Greenville, OH
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CHICAGO BANK IN TROUBLE Receiver Asked for American Banking Association by Joseph Stout, a Stockholder. | Chicago, Feb. 21.-A receiver is asked for the American Banking Association, and charges of fraud are made in a bill filed here by Joseph Stout. a stockholder in the association. Stout charges that he was induced to purchase fifty shares of stock under the incorrect representations that the bank was incorporated for $500,000 and that $300,000 of the stock had been paid for in cash John W. Worthington, president of the bank, is named as the chief defendant in the charges of fraud.
4.
February 27, 1914
Wauwatosa News
Wauwatosa, WI
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CHICAGO BANK IN TROUBLE Receiver Asked for American Banking Association by Joseph Stout, a Stockholder. I Chicago, Feb. 21.-A receiver is asked for the American Banking Association, and charges of fraud are made in a bill filed here by Joseph Stout, a stockholder in the association. Stout charges that he was induced to purchase fifty shares of stock under the incorrect representations that the bank was incorporated for $500,000 and that $300,000 of the stock had been paid for in cash. John W. Worthington, president of the bank, is named as the chief defendant in the charges of fraud.
5.
March 3, 1914
The Times Dispatch
Richmond, VA
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BANKER UNDER ARREST e John W. Worthington Held on Two Warrants Charging Larceny. Chicago, III., March 2.--John W. Worthington, former head of He American Banking Association, new in a receiver's hands. was arrested 10-day on two warrants charging larceny as bailee. and his ne exeat bone was raised from $2,500 to $10,000. WorthIngton will be questioned as to his assets to-morrow, and at the same time complainants will file a number of amendments to their bill.
6.
March 6, 1914
Daily Kennebec Journal
Augusta, ME
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COURT TAKES JURISDICTION OVER AM. BANKING ASS'N. Chicago, March 5.-The United States district court today took jurisdiction over the American Banking Association at the instance of three creditors who presented an involuntary petition in bankruptcy, alleging that certain certificates of deposit issued by the bank were worthless. The court appointed the Central Trust Co. receiver. John W. Worthington, president of the American Banking Association, against whom many charges of irregularities have been made, was unable to obtain a bondsman and remained in jail.
7.
March 6, 1914
The Times Dispatch
Richmond, VA
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USE OF MAILS TO DEFRAUD Charge Against Worthington, Head of Defunct Association. Chicago, Ill., March 5.--John W. Worthington. head of the defunct American Banking Association. was arrested to-night for the seventh time in as many days. As the banker stepped from the detective bureau. where he obtained release on a $5,000 bond, he was served with a Federall warrant, charging him with using the mails to defraud. The warrant was identical with the one served on Harry H. Thomas, said to have been associated with him. It is alleged that in 1911 the two represented themselves as brokers and obtained 35.000 worth of stock and $2,000 In certificates of deposit from the Central Savings Bank at Waterloo, Iowa. The stock and certificates have disappeared, It is charged. Thomas was released on bonds. A receiver was appointed to-day for the banking association, and attorneys for the creditors estimated Worthing ton's assets at $600,000. They could not say what the loans were. Assistant District Attorney Stansbury said he would endeavor to have dropped the cases against Worthington in the State courts, 80 that the government's prosecution would not be hampered.
8.
March 6, 1914
The Pensacola Journal
Pensacola, FL
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Banker Jailed Seven Times In As Many Days BY ASSOCIATED PRESS. Chicago, March 5.-John W. Worthington, head of the defunct American Banking Association, was arrested to. night for the seventh time in as many days. As the banker stepped from a detective bureau where he obtained his release on a $5,000 bond, he was served with a federal warrant charging him with using the mails to defraud. A receiver was today appointed for the American Banking Association,
9.
March 6, 1914
Daily Kennebec Journal
Augusta, ME
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Seventh Arrest of J. W. Worthington Chicago, March 5.-John W. Worthington, head of the defunct American Banking Association, who has been charged with many irregularities, was arrested tonight for the seventh time in as many days. As the banker stepped from the detective bureau, where he obtained release on a $5000 bond, he was served with a federal warrant charging him with using the mails to defraud. The warrant was identical with the one served on Harry H. Thomas, said to have been associated with him. It is alleged that the two represented themselves as brokers in 1911 and obtained $5000 worth of stock and $2000 in certificates of deposit from the Central Savings Bank at Waterloo, Iowa. The stock and certificates have disappeared, it is charged. Thomas was released on bonds. A receiver was appointed today for the banking association and attorneys for the creditors estimated Worthington's assets at $600,000. They could not say what the liabilities were.
10.
March 6, 1914
New-York Tribune
New York, NY
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WORTHINGTON AGAIN HELD Broker Arrested Seventh Time in as Many Days. Chicago, March 5.-John W. Worthington, head of the broken American Banking Association, who has been charged with many irregularities, was arrested to night for the seventh time in as many days. As the banker stepped from the detective bureau, where he obtained release on a $5,000 bond, he was served with a federal warrant charging him with using the mails to defraud. The warrant was identical with the one served on Harry H. Thomas, said to have been associated with Worthington. It is alleged that the two represented themselves as brokers in 1911 and obtained $5,000 worth of stock and $2,000 in certificates of deposit from the Central Savings Bank, at Waterloo, Iowa. The stock and certificates have disappeared, it is charged. Thomas was released on bonds. A receiver was appointed to-day for the banking association and attorneys for the creditors estimated Worthington's assets at $600,000. They could not say what the liabilities were.