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BROWN'S SHORTAGE. Charged That He Speculated Funds. Shamefully' With Bank's Sioux City, Oct. 8.-In W. the E. new Brown indictment National of the the federal inLake, defunct brought by First against grand in Bank the jury of Storm original count of the first and embezzlement dictment of charging the funds of the First allow- Na$76,000 bank of Storm Lake, was second tional before. The ento the old bill alleged the in wrongful reports to tries currency. was ened count and stand of the as falsified replaced false con- by troller specifying alleged the connew tries counts, and bogus statements to troller. that this was done of the in The reason true bill, was because the first time between the time the and gov- the short was given the case, ernment of the grand jury. Subsequent of justce meeting time the department assistant to to that appointed a special the perhad Attorney McMillan in Ft. Dodge, to District Thomas D. Healy of Brown's son investigate of the affairs of bank. with Receiver A. J. Wilson, books, Together went over the bank's the govMr. Healy page and found what enpage by alleges were fraudulent ernment numerous statements made tries required and by law which misrepresent- bank. as actual condition of the the irIt are convinced that attorneys were inexcusable skillful ed regularities the is understood government's and the refrom deliberate and On sulted of the bank's funds. therefore. it is this the prosecution in manipulation make theory, vigorous, the will purpose aid and to overlook nothing which banker. the to conviction of the accused Recently a meeting of stockholders held the bank and depositors was More of Fonda attended by Mr. Healy. which evidence it was found at this time will be used in the trial. is a likelihood that the next case There come on trial before the be will of court, which will likely will in term 1905. Meanwhile Brown bond. doubtless May, be released on another that is charged against Mr. Brown National It the funds of the First he Storm Lake to the most unrestrained bank with used in of indictment speculate manner. he is charged in the bank, While $76,000 from the that his it will approximate and with is indirect embezzling alleged liabilities company $500,000. direct said he organized a coal DakoIt is Omaha, bought land in the and in and Iowa in immense tracts various tas speculated here and there in with it His bank had associated Sioux ways. closely a private bank at one at Rapids, very one at Linn Grove, and Royal, first all Iowa crash, towns. which resulted in the The of four banks, and the came open failure of fraud against Brown, of the charges Harry Mayne, cashier and when Grove bank, shot himself, found to Linn funds of the bank were of the been dissipated. The failure Sioux have Bank of Royal, and of the and the institution followed closely, First NaCity then came the collapse of the tional at Storm Lake. fact that this bank had more The double the number of depositors had, than other bank in Storm Lake that any that many of its The the poor were was enraged indicated among community people. depositors over the eswhole Brown had been highly evident, failure. His prosperity was reposteemed. utmost confidence was foland the The disclosures which the ed in him. the failure still more angered lowed and stockholders, and banker a gendepositors for punishment of the let out on eral cry He was indicted and to was bonds. raised. He then moved his family St. Louis.