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& FORTUNES DISAPPEARED Stock Sold at Bargain-Day Prices by Investors, Who Later Ran to Cover. OFFICERS IN IGNORANCE Calls at Institution Declared While to Have Been Infrequent, Books Were Never Examined. In, That the directors of the Elkhart, defunct were diasa National Bank, of J. L. Brodrick mere figureheads except control and manW. L. Collins-in the is the substance and of the institution in the trial agement given yesterday with havof testimony L. Brodrick, charged wrecking ing of Justus been in part involved in the of of the members bank. of the board of directors shortly Two were called to the stand They after the bank 3 o'clock by the prosecution. of the bank. P Hill, vice president Elkhart. They were were and Dr. S. B. Short, both not of aware of the testified that state they of the bank conducted, nor the artifice They insolvent by which its affairs were never consulted declared that they were of the institution day and as to further the manageme than calling control. from day to . that part in its had charge bank. they Mr. took Hill no said that Brodrick Mr. Kealing which of the affairs of many the notes signed by were Aldescribed those then ford, mentioned Miss in Tousley court and last others, week, notes and asked were carried in the Mr. Hill if he bank knew as that assets. Hill replied that he did not. notes such any "You taken did from not know the bank that then, did you? Hill. questioned were Mr. Kealing. the "No. sir. did not." answered Kealing, "did "Mr. Hill,' continued have a meeting and the authorize board of directors the taking ever of such notes from bank? "No, "When sir, did not you to my know knowledge." bank?" that those notes were "Not taken until out I came of the up here," replied Mr. Hill. "When did you know of the bank closure, Mr. Hill?' morning after it closed. Hill "The FORTUNE LOST IN FAILURE Mr. heavy Mr. Kealing the then Elkhart questioned Paper Company, stockconcerning of which Hill was formerly that in a May, 1901, he holder. He testified stock. The financial end L of owned the company, $50,000 of he said, was run by Brodrick ever- get any money from your "Did you asked Kealing. holdings." "I did not, became replied of your Hill. money? Did you "What it. I gave the Brodricks hands. Mr. lose_It?" "Worse than claim lost to take it connected off my with Hydraulie was $27,000 of Hill, my who was also Company then president. the St St Brodrick $55,000 was note due the Indiana did not National was which asked about Bank. the Mr. Hill indebted said he by such the "Did you or note. know the Mr. company Kealing company asked: have knowledge of such note? of the president company, "No, "Did sir. Mr have Brodrick. authority as to make such a asked note? "No, sir.' examination Brodrick Mr. did Spaan not make On cross- if Mr. held. Hill exhibited the witness of notes he Kealing out that $62,000 such was $55,000 the case. for the hydraulic it up com- and of Spaan picked repany the note and At to torney know if that were not a newal demanded note sir, it is a note," Hill said emphatic- the rea "No, didn't Brodrick and make look out after the newal Well, notes, Mr of the Hill, company 's affairs? financial part hesitated Hill. Spaan, "did you to "Yes, Mr. Hill whom continued the bank was making loans?' know DIDN'T VOTE FOR BRODRICK you "I did not, sir. have known, should bank.") s "You should a director of know." the not? You were I didn't "Perhaps so. but the meetings of the directors? was last "Did you Were attend you present at elected the meeting preswhen Mr. the Brodrick bank?" asked Spaan. didn't ident 'Yes of sir." for Mr. Brodrick, you? "No "You sir, voted I did then not. asked I did Hill not the what vote at he all had He Mr Kealing Brodrick about plained to Mr. Brodsaid that was never ever to he had compla consulted concernrick that he of the finances. meeting of the ing Were the control you called event in ing of Nov. 16 at which was "Yes, but Brodrick directors on and the Collins ill were and fainted, and had and , home. said Mr. Kealing... note rising that that the note showing "Mr. Hill, the of witness the Hydraulic Company $12,500 was in the bank is, said Hill. correctly Mr. BrodAnd think 1 understand authority given him for any rick had note, no did nowledge another $5.000 "Not to my Short. know of Elkhart. Hill on the diDr. S. B. the bank. doned follo about the before meet- it stand, rector and of was quest on the few question days whether ings in the bank the by closed. In reply, had been notes given from the bank said the Mr. board Brodrick to take 16 out and 18, Dr. Short between that there Nov. had not. the meeting with the bank 'Were you a at asked. the time. Dr Short was room at came in Mr. ers?" was in the 111. back When first was sick, and Mr Hill was told me that Hill where he home, he Brodrick the rear that room we could come + Mr Brodrick thought said everything would out that all right. A BOOKKEEPER. the did "What SHORT NOT Mr. Brodrick say about affairs of the bank? would have to close down "He said they borrow $40,000." had unless they could testified that although loans he on Dr. Short to see the On sked several times he never saw asked them. him if he bank books. Mr. Spaan bank at coss-examination always at the rabooks were not to which ne ccess during the day. they books you that he looked the could you? he you had told any thing. could not, since 't have admitted that of okkeeping two diew nothing the Atimony of examin the from the bar bank. the routine a and dealt resterday was relating the mout figures. various and bank totally with liabilities of the tangle. assets involved in men the who had made real nies mostly and sements were of the property the had made eyond F of these show that through they the bank ting 10 their assets Cummings and James NTINUED Thomas ON PAGE 9. COL 2.)
