Article Text
HEAVY FORGERIES. How the State Bank of Marion Was Wrecked. According to a report filed by Bank Commissioner Breidenthal with the attorney general, Harry E. Mason and H. C. Blum, respectively president and cashier of the First State bank of Marion, which was taken charge of by the banking department a week ago, are forgers. The report shows a shortage of $25,669.34, and Commissioner Breidenthal says there are a number of forged checks outstanding that will increase the liabilities. Both Mason and Blum are now under arrest. Commissioner Breidenthal expresses the opinion in his report that Brown Corby, county treasurer, was in collusion with his brother-in-law, Harry Mason,in several of the shady transactions of the bank. In concluding his report Commissoner Breidenthal says: "I am advised that on the morning of May 6, several attachments were levied on the bank building. Since the closing of the bank I have learned of a number of forged checks outstanding that will increase the liabilities of the bank. Both the president, Harry E. Mason, and the cashier, H. C. Blum, have been guilty of numerous forgeries, the extent of which it is impossible to determine at this time. The bank is hopelessly insolvent and I recommend that a receiver be appointed to wind up its affairs."