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HUB GRAND JURY HAS INDICTMENT IN WHITE PROBE Closing of Belfast Bank Leads to the Boston Investigation GOT LOANS FROM 34 Totalled About $1,500 leged to Have Declared Both His Concerns Solvent Suffolk county grand jury after an deal ings Norman H. White, Brook line, returned secret indictment today. expected that will be made public tomorrow. The investication followed the failure of two Boston concerns of which White was president and the subsequent clos of bank in which he director and the largest stockholder. banks in Boston Maine. New Hampshire, Connecticut New York, and Ohio are said to have made loans to White's companies on alleged representations that solvent. These loans concerns totalled about Individually they maged $2000 $75,000. Maine bank commissioner dered the Waldo Trust Co. pend business March branches Castine, Brooks and Unity, Me., also closed. The reason assigned the failure of White's Boston White of the board of directors the Waldo Trust Co. A hearIng into condition wes March Former Representative White was formerly representative in the Massachusetts Legislathe bankruptcy the Small. Maynard and liabilities estimated assets $127,000 while the Book Binding estimated have liabilities, contingent liabilities of $340,000. Banks Which Made Loans The banks with which dealt outside of Boston vicinity the Chatham Phoenix National Bank and Trust Co., the New York Trust Co., and the Chase National Bank. both of New York: Merchants Trust Co., Massillon, Ohio: National more: Worcester Bank and Trust Co.,