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Indiana’s Ex-Governor Held With the Other Greentown Bank Officers. Kokomo, June 7.—The grand jury in vestigating the Paris-Dwiggins bank wreck at Greentown made their report last evening. Ex-Governor Ira J. Chase and John W. Paris, a relative of Zimri Dwiggins, his partner, directors of the bank, and Lewis S. Walden, cashier, were indicted for fraud. Governor Chase is held on three counts—embezzle ment (direct and indirect) and for false pretenses in representing himself as finan cially interested, whereas now he claims to have been simply a nominal stockholder and paid employe. Paris is caught on five counts, embracing embezzlement and false pretense. Walden is held for receiving deposits knowing the bank to be insolvent. Warrants have been is sued for their arrest. It was in evidence that the organizers put no capital in the concern, even the safe and office fixtures being paid for with funds of depositors. A short time previous to the smash Gov ernor Chase was out among the farmers soliciting deposits and the purchase of stock in the bank. The latter declared he had no financial interest in the bank, simply acting in the capacity of paid solicitor and supposing the affairs all right and safe. Paris, who expected the report yester day, came here to meet his accusers, but left for Indianapolis at 4 p.m. Warrants were issued within a few minutes after the court received the report of the grand jury, but he had gone and they could be served on no one but Wal den, already under bond. The officers will go after ex-Governor Chase and Paris at once. Zimri Dwiggins, who was the partner of Paris when the bank was first started two years ago, can, having disappeared as a stockholder when Chase came in.
Newspaper Details
Delphi Journal
Delphi, Indiana, US
Thu, Jun 08, 1893
Page 8
Full Page
Clipped by
Anonymous
USA 21 Sep 2026
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