9345. Pontiac Commercial & Savings Bank (Pontiac, MI)

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
savings bank
Start Date
June 10, 1931
Location
Pontiac, Michigan (42.639, -83.291)

Metadata

Model
gpt-5-mini
Short Digest
1f1aa83d

Response Measures

Full suspension

Description

Contemporary wire stories (June 15, 1931) report a heavy run that led the bank's directors to close the bank (failed to open). Follow-up reporting (Sep 1931) references a receiver (Hugh McPherson) and plans for depositors, indicating the bank was closed for reorganization/receivership rather than an immediate reopening. The run appears triggered by bank-specific adverse news (robbery revelations and the president's suicide) and subsequent panic. OCR corrected minor spacing errors in bank name from some clippings.

Events (3)

1. June 10, 1931 Run
Cause
Bank Specific Adverse Info
Cause Details
Big withdrawals followed robbery revelations and the president's suicide; officials reported $2,300,000 withdrawn in the five days preceding closure.
Measures
Large withdrawals; bank directors later ordered closure to conserve assets.
Newspaper Excerpt
A heavy run on the bank is believed to have caused the action. Officials declared that $2,300,000 in cash had been withdrawn during the past five days.
Source
newspapers
2. June 15, 1931 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Directors closed the bank (failed to open) following heavy withdrawals tied to panic after the bank robbery revelations and the president's suicide; closure ordered to conserve assets and preserve depositors' interests.
Newspaper Excerpt
The Pontiac Commercial and Savings Bank ... failed to open its doors here today. A heavy run on the bank is believed to have caused the action. Officials declared that $2,300,000 in cash had been withdrawn during the past five days.
Source
newspapers
3. September 1, 1931* Receivership
Newspaper Excerpt
Plan for approximately $2,000,000 smaller depositors of the closed Pontiac Commercial and Savings Bank, expected this week. Hugh McPherson, receiver of the bank, advanced the plan after the bank closed following the suicide of the president, Cramer Smith.
Source
newspapers

Newspaper Articles (13)

Article from Times Herald, June 15, 1931

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3 BANKS CLOSE MID-WEST ROCKFORD, III., June 15 (I. N.S.).-Three banks with combined deposits of almost $6,000. 000 closed their doors here today on the heels of a jubilee celebration designed to mark the return of prosperity. The institutions were the Man ufacturers National. the Security National and the Peoples State Rockford has five other banks. all nationals. INDIANAPOLIS Ind. June 15 (I.N.S. .-Closing of the Amer ican Trust Company $5,370. 000 institution at South Bend. Ind.. because of frozen assets. was announced here today by Luther D. Symons. State bank commissioner PONTIAC Mich. June 15 (I.N.S.) The Pontiac Commer cial and Savings Bank. with listed assets of $16,000,000. failed to open its doors here today A heavy run on the bank is believed to have caused the action Officials declared that $2,300,000 in cash had been withdrawn during the past five days.


Article from The Washington Times, June 15, 1931

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3 BANKS CLOSE IN MID-WEST ROCKFORD, Ill., June 15 (I. S.).-Three banks with combined deposits of almost $6,000, 000 closed their doors here today on the heels of a jubilee celebration designed to mark the return of prosperity. The institutions were the Man ufacturers National. the Security National. and the Peoples State. Rockford has five other banks, all nationals. INDIANAPOLIS, Ind., June 15 (IN.S.).-Closing of the Amer ican Trust Company, a $5,370,000 institution at South Bend, Ind. because of frozen assets, was announced here today by Luther D. Symons, State bank commissioner. PONTIAC, Mich.. June 15 (I.N.S.) . - -The Pontiac Commercial and Savings Bank. with listed assets of $16,000,000. failed to open its doors here tory y. A heavy run on the bank is believed to have caused the action. Officials declared that $2,300,000 in cash had been withdrawn during the past five days.


Article from The Evening Sun, June 15, 1931

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Rural Women Meet State Takes Charge 3 Who Reached Peak DEFICIT HANDICAPS For U. Of M. Course Of South Bend Bank Resting In Juneau CHILDREN'S HOME Gather For Annual Five-Day Sea. Suspension Of American Trust First To Ascend To Top Of Mount Happy Hills Institution Maintaining 50 Beds On Budget For 20 Still facing deficit of about $3,000 on their operations for the current year, the Happy Hills Convalescent Home for Children is maintaining fifty beds on a budget adjusted to twenty beds. Mrs. Louis Eliasburg. the secretary of the home, is the authority for that The home started the year with the prospect of an $8,000 deficit. Contributions by members of the board of the institution reduced it by about $3,000. A part of the Community Fund. the home is not permitted to make public campaign, says Mrs. Eliasburg. but it is permitted to receive checks which its friends send to the treasurer, W. W. Lanahan, Baltimore city. The home. which is devoted entirely to children, is located at Rogers ave nue and the Cross Country Boulevard sion On Varied Phases Of Farm Life College Park, Md., June 15 (P)Women from rural districts in all of parts of the State gathered at the University of Maryland here today for the annual rural women's short course conducted under direction of the ex tension department of the school. The five-day program of classes and lectures embraces practically every phase of rural life, from canning to how to keep the farm home. The course was arranged by groups, including the required courses and those elective. with certificates to be awarded at the close of the meeting. Last year more than 700 women at. tended the sessions, and officials of the extension department estimated that this summer's meeting, the ninth one. would be more widely attended than those in the past. Company Attributed To Frozen Assets Indianapolis, June 15 (U.P)-Closing the American Trust Company, South Bend, one of the largest banks in the Middle West, was announced today by Thomas D. Barr, deupty State bank commissioner, who took charge of the institution. E. H. Miller, president of the bank. said frozen assets were responsible for the closing. Financial standing of the bank is listed as Deposits, $5,370,000: undivided profits, $170,000: loans, $4,670.000: capitalization, $500,000, and surplus, $160,000. Pontiac Bank Suspends Pontiac, Mich.. June 15 (P)-The Pontiac Commercial and Savings Bank, the city's largest financial institution, was closed today by order of its directors. A notice stated the closing was ordered to conserve assets and preserve the interests of depositors. Fairweather-Report Trip Was Difficult Juneau, Alaska, June 15 (AP)-The first ascent of Mount Fairweather, 15,292-foot peak, has been made and the three climbers, two of whom were baffied by the peak seven years ago, were here today resting from their labors. The men are Dr. W. S. Ladd and A. Carpe, both of New York, and Ter- ris Moore, Boston. Ladd and Carpe 1. tempted the ascent in 1924 too late in the season and were forced to abandon the trip. The party left here in April and the climb to the summit of Mount Fairweather was made after several days of preparation at base camp. They returned here Saturday, reporting hard trip. northtwenty miles mountain is The west of Cape Spencer.


Article from The Evening News, June 15, 1931

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$16,000,000 Michigan Bank Is Closed Today International News Service PONTIAC, Mich., June 15.-The Pontiac Commercial and Savings Bank, with listed assets of $16,000,000, failed to open its doors here today. A heavy run on the bank is believed to have caused the action. Officials declared that $2,300,000 in cash had been withdrawn from the bank during the last five days. UNHURT IN CRASH In a collision between the automo. bile in which she was riding and another automobile at Seventeenth and


Article from Yonkers Statesman, June 15, 1931

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Heavy Run Closes Rich Michigan Bank International News Service PONTIAC. Mich., June Pontiac Commercial and Savings Bank. with listed assets of $16,000.000, failed to open its doors here today. A heavy run on the bank is believed to have caused the action. Officials declared that in cash had been withdrawn from the bank during the past five days.


Article from The Oakland Post Enquirer, June 15, 1931

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Run Blamed as Big Bank Closes PONTIAC, Mich., June 15 (INS)The Pontiac Commercial and Savings bank, with listed asests of $16,000,000, faile to open its doors today. A heavy run on the bank is believed to have caused the action. Officials declared that $2,300,000 in cash had been withdrawn from the bank during the past five days.


Article from The Washington Herald, June 16, 1931

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Pontiac Bank Closed Following Heavy Run PONTIAC, Mich., June 15 (I.N.S.) The Pontiac Commercial and Savings Bank, with listed assets of $16,000,000, failed to


Article from The Dayton Herald, June 16, 1931

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MICHIGAN BANK FAILS TO OPEN Pontiac Commercial and Savings bank, with listed assets of $16,000,- 000, failed to open its doors here today. A heavy run on the bank was believed to have caused the action. Officials declared that $2,300,000 in cash had been withdrawn from the bank during the past five days.


Article from The Daily Sentinel, June 19, 1931

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RUN CLOSED BANK Pontiac Commercial and Savings bank, with listed assets of 16 million dollars, failed to open its doors Monday A heavy run on the bank is believed to have caused the action. Officials declared that $2,300,000 in cash had been withdrawn from the bank in the last five days.


Article from The Spokesman-Review, August 2, 1931

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When One Girl Cracked up 3 Smart Airplane Bank Bandits HE perfect crime" has been the theme of many thrilling plots of fiction, drama and the movies. Usually it ends with the posure of the most ingenious and detection criminal plan through tiny, stupid flaw Of just such stuff was the drama recently unfolded in breath lessly swift series of events that began and ended in the town of Pontiac, near Detroit, Michigan. In this were to be found the bandits, the carefully laid plot, the dupe-and the girl. Exercising extraordinary patience acuteness and cunning, two bandits had become acquainted young bank teller, until then home-loving husband and father. By lavishly enter taining him they broke him to their will until he became their accomplice. They got into the bank at the precise moment when great sums of money were being taken from the vaults. For their escape they had prepared with equal ingenuity. One of the ban dits had spent weeks learning how fly. On the night of the robbery the men stole an automobile, drove to hangar and flew away in a stolen airplane to the first airplane bandits in history. But They Made One Mistake. But, like the criminals of fiction, they made one stupid error. They aroused the suspicion of a hotel chambermaie who, discovering stolen bills in their abandomed room, notified police and caused their arrest. The two bandits and the bank teller were convicted and sentenced to long terms in prison. After that there was strange and startling The president of the robbed bank committed suicide causing a panie that resulted in the bank being temporarily closed. This, in brief, is the story of one of the most unusual bank robberies in his tory. But into it enter many strange events, the human tragedy of one young man and the amazing plan on which two others had staked all their hopes. These two, by the way, were Louis Kish and Adam Morgan, both of Detroit. Their names mean nothing the world at large, to their circle of relatives and friends, they were "good boys." They had good homes, good environment. But they suddenly changed that environment to Pontiac There was reason. By planning carefully they decided they could rob the Pontiac Commer cial and Savings Bank, one of the most reputable in the State. The town was twenty miles away from Detroit and close enough to the Canadian border to assure their quick escape. These two young men came to Pon tiac one day and, after looking over the outside of the bank, decided they must have an "inside accomplice.' He must be dupe who would be left "holding the sack" after the pair had fled to distant place to spend their booty. They did not know how much they could get out of the bank, although they knew there must be satisfactorily large sum in the vaults. But they must first of all get their They decided upon-unknown to Gerald Grandon. He was R young man, a foreign exchange teller of the bank. He was highly trusted. At one time he had Sunday school met Grandon resort gan beach confided to and counsel. The friends. Morgan portunity to thereafter The two and his life. his references. Illustration of the in Which One Daring Bandit Forced Seven Bank Tellers to Lie Prone on the Floor of the Pontiac Bank While the Other Gathered Up Money Withdrawn from the Safe day at He that his am was not a little found an Kish. The three hours at studied Grandon his modest Goldie, his for and against drawn. two At in the morning and one Morgan shaved and Kish went out and for time made Toronto in short of the the old one closet. The two men thereupon decided to leave the hotel immediately. They abandoned all thought of the airplane. Placing the they thought they threw the It was at this point that Mrs. Mary the picture. She saw the two men hurrying and decided strange. didn't hurry in those parts. Not People that furtive She went to the in way. abandoned room and She the But what amazed was the pile of A wrapper the was Commercial and on to so, swept the 41 Last They Told the Teller. the three men had One night, gathered about the kitchen table at Grandon's home, Morgan and Kish remarked that robbery at the ually Pontiac bank would be rather easily accomplished. It was an enticing topic of conversation. It made Grandon un suspicious, yet fascinated. At easy, last the two men informed him that they planned to hold up the bank. Grandon was aghast. But the two men casually offered him an equal share in the loot. When Grandon fused the two men decided more subtle was necessary. They start persuation called campaign of ed what might be luxury and joy. They escorted Gran don through the pleasure haunts of Detroit. They took him to cabarets rampant with music and color: toured night clubs where dancing girls and wines added new zest life. They plied him with liquor. In other words, they presented a new and vivid world to the peaceful, home-lov ing Grandon, used to the routine. Mrs. Grandon was alarmed. She suspicious and warned her grew band against the two men. But Grandon, like all men contemptuous of "woman's did not heed her. Thus early morning Kish and Morgan met at Grandon's home and sketched out plan. Grandon gave them an improvised map of the bank's interior. particularly of the basement vaults weekday To be signal. told seven too soon or too late But Kish and Morgan realized that the robbery of bank involved also positive means of escape To assure themselves of a perfect getaway they decided upon an airplane. True, they had no airplane, nor the experience in piloting one-but that was a detail. Then Kish Learned to Fly a Plane. Kish, who had sufficient money to afford flying lessons, was designated to be the pilot. He enrolled in a flying school at the Hartung airport, located Detroit, twenty miles away from near Pontiac. During the three months of preparation he acquired twelve hours of flying time and became something of experienced pilot. Kish an satisfied himself that it would be possible to steal a plane without difficulty. At night the hangar was unguarded. for no one thought it likely that a ship would be Grandon finally borrowed a key to the bank, on pretext it was necessary to get to the office early one morning. Skeletons of the key were made and he then returned the original key to its owner. Thus everything was in readiness for the holdup. One detail was missing car. The night before, however, Morgan and Kish, after concealing lonely crossing on the outskirts Detroit, suddenly fell upon motor and took his They gave him $2 bill and told him he would get the car back some day. After doubling on their trail several times they the car in field just outside of Pontiac. Then they took a bus back to Detroit, where they taxi to drive them to the tung airport. At A. M., in the stillness of moonlight night, they got into the hangar, and before startled night watchman could do anything the pair were flying away toward Pontiac. Half hour later they landed the an plane on the secluded field where they had concealed the stolen automobile. appeared at the palm the glass and quickly a suitcase and their bandits let themselves On the way they the the donned the their stomachs. They face down, while Morgan into his stuffed to capacity he However, they took suave tones Kish ordered tellers get on did lying the money When was fastened straps. only 000 when, as a matter of fact. they could have had $70,000 They Made a Perfect Getaway. The two men left nonchalantly and the time the tellers had risen to their feet and notified police the bandita were in their stolen car on their to their stolen airplane Once in the headed toward Montreal, Canada. But they met with fog and rain over Lake St. Clair and were forced to land on the Canadian side. they did so, student pilot on the field approached them and demanded their landing permits. Unconvinced by their explanation that they were from Windsor, Canada, the student flyer went to the field office to summon his chief. While he did 80 Kish threw open the throttle of the plane motor and roared off. Ten miles away the gas gave out completely and a forced landing was made in field. Carrying the of money the two walked case to highway and caught A ride on truck that took them to "Dicks" Greet Flyers at Immediately the maid 'phoned desk clerk and he, notified the police. The latter got in touch Pontiac officials and were informed the robbery. Wires were sent to officials in Toronto. Thus when Messrs. Kish and Morgan stepped off the train at Toronto they were met by detectives, who informed them were wanted for the robbery of the Pontiac bank. With phical sigh they turned over the loot and also waived extradition. Now, if said that Kish and Morgan followed out the movie idea bank it also be mitted that they up to the fied idea of bandits at They didn't So far as they were concerned, Teller Grandon anything to worry He exist. Although questioned and har assed by the police for hours they stuck to one story They had "inside" accomplice. no They had tested many keys and finally one had worked. Through many deals they still held firm to this version. They refused to involve anybody but But the police authorities were not They investigated and found the credit which had been endorsed by Teller Gerald Grandon, who for seven years had been one of the bank's most trusted employes. Grandon was immediately arrested. At first he denied all connection with the holdup, but Goldie, pleaded with him to tell the truth. He did so. Thus the three readily pleaded guilty. Grandon was sentenced to from twenty. five to forty years in prison while the two others were sentenced to from twenty to forty years Shortly after something unexpected happened. Cramer Smith president of the bank, fatally shot himself. One theory was that he had been shocked by the revelation that Grandon had betrayed his trust: another was he was worried about the affairs of the bank. Neither was true: it was simply matter of ill health. according to his Nevertheless, there resulted a big run on the bank. until withdrawals amounted to $2,317,000 and the bank was closed for reorganization. But perhaps the most tragic figure the whole affair is Mrs. Grandon. Her husband was taken from young her, she had no friends and she had two small children to She faces the world bravely but with eyes after the bitter experience.


Article from Star Tribune, August 9, 1931

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The Minneapolis Sunday Tribume When One Girl Cracked up 3 Smart Airplane Bank Bandits HE perfect crime" has been the theme of many thrilling plots of fiction, drama and the movies. Usually it ends with the posure of the most ingenious and detection-proof criminal plan through a tiny, stupid flaw. Of just such stuff was the real-life drama recently unfolded in breathlessly swift series of events that began and ended in the town of Pontiac, near Detroit, Michigan. In this were to be found the bandits. the carefullylaid plot, the dupe-and the girl. Exercising extraordinary patience, acuteness and cunning, two bandits had become acquainted with young bank teller, until then home-loving husband and father By lavishly entertaining him they broke him to their will until he became their accomplice. They got into the bank at the precise moment when great sums of money were being taken from the vaults. For their escape they had prepared with equal ingenuity. One of the bandits had spent weeks learning how to fly. On the night of the robbery the two men stole an automobile, drove to hangar and flew away in stolen airplane to Canada. -perhaps the first airplane bandits in history. But They Made One Mistake. Illustration of the Scene in Which One Daring Bandit Forced Seven Bank Tellers to Lie Prone on the Floor of the Pontiac Bank While the Other Gathered Up Money Withdrawn from the Safe. and Morgan found an hours at his modest drawn. and faces. Morgan shaved and changed his clothes, Kish went out and bought new suitcase for their money and at the same time made inquiries about trains for Montreal. He found one that left for Toronto in short time and connected with a Pullman flyer to Montreal. The two men thereupon decided to leave the hotel immediately. They abandoned all thought of the airplane. Placing the money- of the money, they the new suitcase, they threw the old one into closet. It was at this point that Mrs. Mary Scully, the chambermaid. comes into the picture. She saw the two men hurrying and decided it was strange. People didn't hurry in those parts. Not in that furtive way. She went to the abandoned room and looked around. She found the old suitcase. But what amazed her was that in the suitease was pile of fifty one-dollar pieces. A wrapper on the pile was marked: "Pontiac Commercial and Savings Bank." But. like the criminale made one stupid error. They aroused the suspicion of hotel chambermaid otolen bills in their abandoned room, notified police and caused their arrest. The two bandits and the bank teller were and sentenced to long terms in prison. After that there was strange and startling development. The president of the robbed bank committed suicide causing a panic that resulted in the bank being temporarily closed. This, in brief, is the story of one of the most unusual bank robberies in history. But into it enter many strange events, the human tragedy of one young man and the amazing plan on which two others had staked all their hopes. These two, by the way, were Louis Kish and Adam Morgan, both of Detroit. Their names mean nothing to the world at large, to their circle of relatives and friends, they were "good boys.' They had good homes, good environment. But they suddenly changed that environment to Pontiac. There was reason. By planning carefully they decided they could rob the Pontiac Commerand Savings Bank, one of the most reputable in the State. The town was twenty miles away from Detroit and close enough to the Canadian border to assure their quick escape. These two young men came to Pontiac one day and, after looking over the outside of the bank, decided they must have an "inside accomplice.' He must be a dupe who would be left "holding the sack" after the pair had fled to distant place to spend their booty. They did not know how much they could get out of the bank, although they knew there must be satisfactorily large sum in the vaults. But they must first of all get their "inside man. They decided upon-unknown to Gerald Grandon. He was young man, foreign exchange teller of the bank. He was highly trusted. At one time he had been Sunday school teacher. Casually young Mr. Mor- friends. Morgan thereafter and his life. They references. At Last They Told the Teller. One night, when the three men had gathered about the kitchen table at Grandon's home, Morgan and Kish caually remarked that a robbery at the Pontiac bank would be rather easily accomplished. It was an enticing topic of conversation. It made Grandon uneasy, suspicious, yet fascinated. At last the two men informed him that they planned to hold up the bank. Grandon was aghast. But the two men casually offered him an equal share in the loot. When Grandon refused the two men decided more subtle persuation was necessary. They started what might be called campaign of luxury and joy. They escorted Grandon through the pleasure haunts of Detroit. They took him to cabarets rampant with music and color: toured night clubs where dancing girls and sparkling wines added new zest to life. They plied him with liquor. In other words, they presented new and vivid world to the peaceful, home-lov ing Grandon, used to the routine. Mrs. Grandon was alarmed. She grew suspicious and warned her husband against the men. But Grandon, like all men contemptuous of "woman's intuition," did not heed her. Thus early one morning Kish and Morgan met at Grandon's home and sketched out plan. Grandon gave them an improvised map of the bank's interior, particularly of the basement vaults where, he told them, seven tellers would be engaged in large sums of money at 8:30 o'clock every weekday morning The duties of these tellers, it seems, was to load the money onto an elevator that carried it to the main floor. The operation took but five minutes. Then the vaults were closed for the day In order to effect safe bank robbery it would be Grandon told his two associates, to hold up the tellers at the precise moment the time they took the money out of the vaults and were about to leave for upstairs. To be moment too soon or too late would be fatal. Grandon's assignment was to procure key that would fit the bank lock and also to give the necessary signal. But Kish and Morgan realized that the robbery of a bank involved also positive means of escape. To assure themselves of a perfect getaway they decided upon an airplane. True, they had no airplane, nor the experience in piloting one-but that was a detail. Then Kish Learned to Fly a Plane. Kish, who had sufficient money to afford flying lessons, was designated to be the pilot. He enrolled in flying school at the Hartung airport, located near Detroit, twenty miles away from Pontiac. During the three months of preparation he acquired twelve hours of flying time and became something an experienced pilot. Meanwhile, Kish satisfied himself that it would be possible to steal a plane without difficulty. At night the hangar was unguarded, for no one thought it likely that a ship would be stolen. Grandon finally borrowed a key to the bank, on pretext it was sary to get to the office early one morning. Skeletons of the key were made and he then returned the original key to its owner. Thus everything was in readiness for the holdup. One detail was missing-a car. The night before, however, Morgan and Kish, after concealing themselves at lonely crossing on the outskirts of Detroit, suddenly upon motorist and took his car. They gave him $2 bill and told him he would get the car back some day. After doubling on their trail several times they concealed the car field just outside of Pontiac. Then they took bus back to Detroit, where they hired taxi to drive them to the Hartung airport. At the stillness of moonlight night, they got into the hangar, and before startled night watchman could do anything the pair were flying away toward Pontiac. Half an hour later they landed the plane on the secluded field where they had concealed the stolen automobile. At o'clock in the morning the two men parked their car at the rear entrance of the bank and waited for Teller Grandon's pre-arranged signal. Then, moment, Grandon suddenly appeared at rear window and gave the signal- flat palm placed against the glass and quickly with- Taking suitease and their guns, the two bandits let themselves into the bank through the employes' entrance and, unseen descended the stairs to the basement. On the way they donned black hoods that covered their heads They were just in time. As they had expected. there were seven tellers trucking currency. Thous- ands of dollars lay in huge packs on the small hand trucks. In cool, almost suave tones Kish ordered the tellers to get on their stomachs. They did so, lying face down, while Morgan swept the money into his suitcase. When was stuffed to capacity he fastened the straps. However, they took only $12,000 when, as matter of fact, they They Made a Perfect Getaway. The two men left nonchalantly and by the time the tellers had risen to their feet and notified police the bandits were in their stolen car on their way to their stolen airplane. Once in the latter they headed toward Montreal, Canada. But they met with fog and rain over Lake St. Clair and were forced to land on the Canadian side. When they did so, student pilot on the field approached them and demanded their landing permits. Unconvinced by their explanation that they were from Windsor, Canada, the student flyer went to the field office to summon his chief. While he did Kish threw open the throttle of the plane motor and roared off. Ten miles away the gas gave out completely and forced landing was made in field. Carrying the suit case of money the two bandits walked highway and caught a ride on truck that took them to Chatham, "Dicks" Greet Flyers at Toronto. Immediately the maid 'phoned the desk clerk and he, in turn, notified the police. The latter got in touch with Pontiac officials and were informed of the robbery Wires were sent to officials in Toronto. Thus when Messrs. Kish and Morgan stepped off the train at Toronto they were met by detectives, who informed them they were wanted for the robbery of the Pontiac bank. With philosophical sigh they turned over the loot and also waived extradition. Now, if it be said that Kish and Morgan followed out the movie idea of bank robbery, it must also be admitted that they lived up to the glorified idea of "big time" bandits at bay. They didn't "squeal." So far as they were Teller Grandon hadn't anything to worry about He didn't exist. Although questioned and harassed by the police for hours they stuck to one story They had no "inside" accomplice. They had tested many keys and finally one had worked. Through many ordeals they still held firm to this version. They refused to involve anybody but themselves. But the police authorities were not convinced. They investigated and found the credit references which had been endorsed by Teller Gerald Grandon, who for seven years had been one of the bank's most trusted employes. Grandon was immediately arrested. At first he denied all connection with the holdup, Goldie, pleaded with him to tell the truth. He did SO. Thus the three readily pleaded guilty. Grandon sentenced to from twentyfive to forty years in prison while the two others were sentenced to from twenty to forty years. Shortly after something unexpected happened. Cramer Smith. president of the bank, fatally shot himself. One theory was that he had been shocked by the revelation that Grandon had betrayed his trust; another was he was worried about the affairs of the bank. Neither version was true: it was simply matter of ill health, according to his family. Nevertheless, there resulted a big run on the bank, until withdrawals amounted to $2,317,000 and the bank was closed for reorganization. But perhaps the most tragic figure in the whole affair is Mrs. Grandon. Her young husband was taken from her. she had no friends and she had two small children to support. She faces the world bravely but with disillusioned eyes after the bitter experience


Article from Battle Creek Moon-Journal, September 14, 1931

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WEEK-END AUTO CRASHES KILL 2 AND INJURE 10 Collision Near Eaton Rapids Takes One: Aged Lansing Man Run Over. man was instantly killed, another was fatally injured and 10 other persons were less seriously injured In automobile accidents in Lansing and central Michigan over the The dead are Orlo Disbrow. 19. Eation Rapids and an unidentified man about 60 years old Disbrow lost his life in an accident about five miles north of Eaton Rapids, when. according to state police. his machine collided with driven by Oscar Edwards. of Lansing Disbrow failed to make safety stop before entering trunk line highway. officers stated. The unidentified man died in local hospital this morning from injuries sustained last night when he struck by car driven by Mrs. Helen E. Strube. of Lansing. ley, of Milford. Mass, heads the executive committee. Detroit. Sept. Buffalo runaways, Mary Laruso, 15. and Concetta Cigna, 16. today were held at the juvenile detention home for arrival of their parents. According to police, the girls made their trip here with $80 Concetta obtained from her mother. They planned to work here. tion on the of approximately $2,000,000 smaller depositors of the closed Pontiac Commercial and Savings Bank, expected this week Hugh McPherson. re. ceiver of the bank, advanced the plan after the bank closed follow. ing the suicide of the president, Cramer Smith Detroit. Sept. P.)-Jack Hyland, World War veteran from Wilson, N. arrived in Detroit yesterday for the American Legion convention, after traveling 1,900 miles from his home on roller skates. professional skater. made the trip in 34 He wore out three pairs of skates. Ann Arbor. Sept 14.-(U Meyer Resnikoff. University Michigan engineering student from Chicago, near death to day from fractured skull and in ternal injuries suffered when Otto Meuhler. of San Francisco, ran their auto into tree Meuhler suffered serious spinal injuries and Louis Hopkins, of Detroit. lost his right eye.


Article from Honolulu Star-Advertiser, September 29, 1931

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perfect crime" has been the theme of many thrilling plots of fiction, drama and the movies. Usually it ends with the exposure of the most ingenious and detection-proof criminal plan through a tiny, stupid flaw. Of just such stuff was the real-life drama recently unfolded in breathlessly swift series of events that began and ended in the town of Pontiac, near Detroit, Michigan. In this "plot" were to be found the bandits, the carefullylaid plot, the dupe-and the girl. Exercising extraordinary patience, acuteness and cunning, two bandits had become acquainted with a young bank teller, until then a home-loving husband and father. By lavishly entertaining him they broke him to their will until he became their accomplice. They got into the bank at the precise moment when great sums of money were being taken from the vaults. For their escape they had prepared with equal ingenuity. One of the bandits had spent weeks learning how to fly. On the night of the robbery the two men stole an automobile, drove to a hangar and flew away in a stolen airplane to Canada- -perhaps the first airplane bandits in history. But They Made One Mistake. But, like the criminals of fiction, they made one stupid error. They aroused the suspicion of a hotel chambermaid who, discovering stolen bills in their abandoned room, notified police and caused their arrest. The two bandits and the bank teller were convicted and sentenced to long terms in prison. After that there was a strange and startling development. The president of the robbed bank committed suicide causing a panic that resulted in the bank being temporarily closed. This, in brief, is the story of one of the most unusual bank robberies in history. But into it enter many strange events, the human tragedy of one young man and the amazing plan on which two others had staked all their hopes. These two, by the way, were Louis Kish and Adam Morgan, both of Detroit. Their names mean nothing to the world at large, yet, to their circle of relatives and friends, they were "good boys." They had good homes, a good environment. But they suddenly changed that environment to Pontiac. There was reason. By planning carefully they decided they could rob the Pontiac Commercial and Savings Bank, one of the most reputable in the State. The town was twenty miles away from Detroit and close enough to the Canadian border to assure their quick escape. These two young men came to Pontiac one day and, after looking over the outside of the bank, decided they must have an "inside accomplice. He must be a dupe who would be left "holding the sack" after the pair had fled to distant place to spend their booty. They did not know how much they could get out of the bank, although they knew there must be a satisfactorily large sum in the vaults. But they must first of all get their "inside man. They decided upon-unknown to himself- Gerald Grandon. He was young man, a foreign exchange tellerof the bank. He was highly trusted. At one time he had been a Sunday school teacher. Casually young Mr. Mor- When One Girl Cracked up 3 Smart Airplane Bank Bandits They Spent Months Planning the "Perfect Crime" That Rivaled a Movie Thriller Then a Slip Brought About Their Downfall AND DON'T MOVE!" Artist Paul Frehm's Vivid Illustration of the Scene in Which One Daring Bandit Forced Seven Bank Tellers to Lie Prone on the Floor of the Pontiac Bank While the Other Gathered Up Money Withdrawn from the Safe. gan met Grandon one day at a beach resort near Pontiac. He confided to the teller that his ambition was to become a bank accountant, and he Grandon's assistance and counsel. The latter was not a little flattered. Indeed, the subtle power of flattery made Grandon and Morgan friends. Morgan finally found an opportunity to introduce Kish. The three thereafter spent many hours at Grandon's home in Pontiac. The two bandits studied Grandon and his life. They noticed his modest home, his beautiful wife, Goldie, his two small children. They gained confidence- to such an extent, in fact, that he eventually allowed Morgan to use his name on credit references. At Last They Told the Teller. One night, when the three men had gathered about the kitchen table at Grandon's home, Morgan and Kish caually remarked that a robbery at the Pontiac bank would be rather easily accomplished. It was an enticing topic of conversation. It made Grandon uneasy, suspicious, yet fascinated. At last the two men informed him that they planned to hold up the bank. Grandon was aghast. But the two men casually offered him an equal share in the loot. When Grandon refused the two men decided more subtle persuation was necessary. They started what might be called a campaign of luxury and joy. They escorted Grandon through the pleasure haunts of Detroit. They took him to cabarets rampant with music and color; toured night clubs where dancing girls and sparkling wines added new zest to life. They plied him with liquor. In other words, they presented a new and vivid world to the peaceful, home-le ing Grandon, used to the routine. Mrs. Grandon was alarmed. She suspicious and warned her husband against the two men. But Grandon, like all men contemptuous of "woman's intuition,' did not heed her. Thus early one morning Kish and Morgan met at Grandon's home and sketched out a plan. Grandon gave them an improvised map of the bank's interior, particularly of the basement vaults where, he told them, seven tellers would be engaged in trucking large sums of money at 8:30 o'clock every weekday morning. The duties of these tellers, it seems, was to load the money onto an elevator that carried it to the main floor. The operation took but five minutes. Then the vaults were closed for the day. In order to effect a safe bank robbery it would be Grandon told his two associates, to hold up the tellers at the precise moment between the time they took the money out of the vaults and were about to leave for upstairs. To be moment too soon or too late would be fatal. Grandon's was to procure key that would fit the bank lock and also to give the necessary signal. But Kish and Morgan realized that the robbery of a bank involved also positive means of escape. To assure themselves of a perfect getaway they decided upon an airplane. True, they had no airplane, nor the experience in piloting one-but that was a detail. Then Kish Learned to Fly a Plane. Kish, who had sufficient money to afford flying was designated to be the pilot. He enrolled in a flying school at the Hartung airport, located near Detroit, twenty miles away from Pontiac. During the three months of preparation he acquired twelve hours of flying time and became something of an pilot. Meanwhile, Kish satisfied himself that it would be possible to steal a plane without difficulty. At night the hangar was unguarded, for no one thought it likely that a ship would be stolen. Grandon finally borrowed a key to the bank, on a pretext it was necessary to get to the office early one morning. Skeletons of the key were made and he then returned the original key to its owner. Thus everything was in readiness for the holdup. One detail was missing- car. The night before, however, Morgan and Kish, after concealing themselves at a lonely crossing on the outskirts of Detroit, suddenly fell upon a motorist and took his car. They gave him a $2 bill and told him he would get the car back some day. After doubling on their trail several times they concealed the car in a field just outside of Pontiac. Then they took a bus back to Detroit, where they hired a taxi to drive them to the Hartung airport. At A. M., in the stillness of a moonlight night, they got into the hangar, and before a startled night watchman could do anything the pair were flying away toward Pontiac. Half an hour later they landed the plane on the secluded field where they had concealed the stolen automobile. At 8:28 o'clock in the morning the two men parked their car at the rear entrance of the bank and waited for Teller Grandon's pre-arranged signal. Then, at the right moment, Grandon suddenly appeared at a rear window and gave the signal- flat palm placed against the glass and quickly withdrawn. Taking a suitcase and their guns, the two bandits let themselves into the bank through the employes' entrance and, unseen descended the stairs to the basement. On the way they donned black hoods that covered their heads and faces. They were just in time. As they had expected, there were seven tellers trucking out the day's currency. Thousands of dollars lay in huge packs on the small hand trucks. In cool, almost suave tones Kish ordered the tellers to get on their stomachs. They did so, lying face down, while Morgan swept the money into his When was stuffed to capacity he fastened the straps. However, they took only $12,000 when, as a matter of fact, they could have had $70,000. They Made a Perfect Getaway. The two men left nonchalantly and by the time the tellers had risen to their feet and notified police the bandits were in their stolen car on their way to their stolen airplane. Once in the latter they headed toward Montreal, Canada. But they met with fog and rain over Lake St. Clair and were forced to land on the Canadian side. When they did so, student pilot on the field approached them and demanded their landing permits. Unconvinced by their explanation that they were from Windsor, Canada, the student flyer went to the field office to summon his chief. While he did so Kish threw open the throttle of the plane motor and roared off. Ten miles away the gas gave out completely and a forced landing was made in a field. Carrying the suitcase of money the two bandits walked tora highway and caught a ride on truck that took them to Chatham, Canada, While Morgan shaved and changed his clothes, Kish went out and bought new suitcase for their money and at the same time made inquiries about trains for Montreal. He found one that left for Toronto in a short time and connected with a Pullman flyer to Montreal. The two men thereupon decided to leave the hotel immediately. They abandoned all thought of the airplane. Placing the of the money, they thought- into the new suitcase, they threw the old one into a closet. It was atethis point that Mrs. Mary Scully, the comes into the picture. She saw the two men hurrying and decided it was strange. People didn't hurry in those parts. Not in that furtive way. She went to the abandoned room and looked around. She found the old suitcase. But what amazed her was that in the suitcase was pile of fifty pieces. A. wrapper on the pile marked: "Pontiac Commercial and Savings Bank." "Dicks" Greet Flyers at Toronto. Immediately the maid 'phoned the desk clerk and he, in turn, notified the police. The latter got in touch with Pontiac officials and were informed of the robbery. Wires were sent to officials in Toronto. Thus when Messrs. Kish and Morgan stepped off the train at Toronto they were met by detectives, who informed them they were wanted for the robbery of the Pontiac bank. With a philosophical sigh they turned over the loot and also extradition. Now, if it be said that Kish and Morgan followed out the movie idea of bank robbery, it must also be admitted that they lived up to the glorified idea of "big time" bandits at bay. They didn't "squeal. So far as they were Teller hadn't anything to worry about. He didn't exist. Although and harassed by the police for hours they stuck to one story: They had no "inside" accomplice. They tested many keys and finally one had worked. Through many ordeals they still held firm to this They refused to involve anybody but themselves. But the police authorities were not convinced. They investigated and found the credit references which had been endorsed by Teller Gerald Grandon, who for seven years had been one of the bank's most trusted employes. Grandon was immediately arrested. At first he denied all connection with the holdup, but his wife, Goldie, pleaded with him to tell the truth. He did so. Thus the three readily pleaded guilty. to from twentyfive to forty years in prison while the two others were sentenced to from twenty to forty years. Shortly after something unexpected happened. Cramer Smith, president of the bank, fatally shot himself. One theory was that he had been shocked by the revelation that Grandon had betrayed his trust; another was he was worried about the affairs of the bank. Neither version was true: it was simply matter of ill health, according to his family. Nevertheless, there resulted a big run on the bank, until withdrawals amounted to $2,317,000 and the bank was closed for reorganization. But perhaps the most tragic figure in the whole affair is Mrs. Grandon. Her young husband was taken from her, she had no friends and she had two small children to support. She faces the world bravely but with disillusioned eyes after the bitter experience.