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LEADERS OF PARTY HAVE TASK OF APPOINTING HIS SUCCESSOR AS CHAIRMAN
INDIANAPOLIS, Dec. the indictment of Clyde A. Walb of LaGrange by the federal grand jury placing squarely before Republican party chiefs the matter of replacing him as state chairman, numerous leaders of the party today indicated informally their reticence at proceeding prior to some. commitment from Walb himself. Some time ago Walb announced that he wished to relinquish the party reins and that "after the first of the year" he wished to devote his time exclusively to the interests of the Walb construction company, of which he is president. Ever since Walb made his first announcement, there has DIVERS TO ENTER been a spirited jockeying among. various candidates for the place. Jesse Murden, Peru, chairman S-4 HULL TODAY of the eleventh district, now appears to have the inside Will Remove Bodies From track, with his actual selection deferred until such time as the Engine Room if party leaders consider propitPossible ious for completing the actual change in PROVINCETOWN, Mass., Dec. 31 Today was banner political occasion (AP) Rough seas and threat of storm for Indianapolis, and local baunts of Reforced suspension of salvage operations publican leaders were generously popon the sunken submarine S-4 late today, ulated with Indianapolis and state party workers here for with James after everything was in readiness for E. Watson, senior senator, who was in removing the engine room hatch and the city for that purpose and also to entering the hull in quest of bodies. It testify before the Marion county grand is believed that 10 the 40 men who jury.
Lenders Won't Talk. Although the leaders were reluctant to discuss the chairmanship publicly until Walb has indicated his intended course, the to prevail that although Murden is scheduled for the place, the actual transfer may not be prior to the customary following the 1928 primary election. Reaching back to New Year's day six years ago to lay the foundation its indictment, the federal grand jury today lodged charges of conspiracy to violate the National laws against Walb and Valentine D. former president of the defunct First National bank of The forty -page indictment contained twelve counts and scores alleged other acts of the defendants. The first nine counts charged that Weaver, as and Walb, as one who "aided and abetted" Weaver, fraud ulently risapplied funds of the bank and falsely entered forged credits for the benefit of Walb personally and of the Walb construction company, of which he is president. The other three counts, blanket in nature, charged the defendants jointly with to do acts contrary to the banking laws of the United
After morning spent by Albert Ward, district and his assist. in and reading the the twenty-one grand heard the charges read, voted the left their chamber and trudged in groups behind their foreman, Theodore Stunkle of Haubstadt, to the library of Judge Robert Stunkle, six feet and seven inches towering his colleagues, handed the indictment to the judge without comment. "This completes your work?" the court asked. "It does," Stunkle replied gravely. The court excused the jurors subject to call and thanked for their services. The was made publie by Ward. The case was brought in the Wayne division of district courts Indiana, in which LaGrange is located. Warrants will be to Fort Wayne, where deputy marehall will serve them on Walb Weaver probably early next Bond will arraignment day fixed by Judge Thomas W. Slick of South Bend, to whose jurisdiction the case automatically now
Began Conspiracy The first date in the charges in Jan1922, when Walb and are charged with starting the alleged conspiracy which the took trace from that date until 25, 1927, the date of commission of the last overt act. was president and Walb vicepresident throughout the period. They continued hold those until August 9, 1927, when they resigned John P. Caton became vice president and acting president. run on the two months later terminated in the directors closing it October 24, and turning its affairs over to John F. Utt, eral banking examiner, who subsequently was appointed temporary Utt investigated its affairs and turned in report to the comptroller of in Washington is was referred to the department tice. The latter agency sent out Paulson accountant, to bank's Paulson has the principal witnesses before jury in its four-day of in the case. Paulson brought books, nals, ledgers, cash books, papers, and affidavits from Grange for submission to the jurors. During the nearly forty were called, of the employes of the Walb struction rectors and the bank LaGrange county names had affixed 8 forged Each the Weaver ulent act which he is committed, traces (Turn (Number Three)
