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Says Spalding Is Guiltless

Says Spalding Is Guiltless image
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Chicago, June 15. - Over and over again Attorney Forest reiterated to the juty that is to pass upon the em.iezzlement charge against ex-Bankt-r Charles W. Spalding the declaration that tho prisoner was never actuated by criminal intent. Said the speaker: "When you pay interest on a fund, as Sualdins did on the funds of the State university, you can't embezzle. Tïhy? Because you rent it like a nouse and you have a right to use it." D. V. "Webster, discount clerk of the Metropolitan National bank, was called to show that the bonds in question would be returned just as soon as the nots left by Arthur B. Camp was taken up. The question of the interest that Spalding- was expected to pay the trustees for the university money he handled was touched upon when W. B. Morrison was called. Another step in the fina! settlement of the affairs of the Globe Savlngs bank was made when Judge Tuley entered an order directing the Chicago Title and Trust companv, recelver of the insolvent concern, to deliver to the Idaho Canal company or its president, Frank W. Smith, twentytwo $1.000 bonds upon the latter company executing a receipt for the same.


Ann Arbor Argus
Old News