Evening Republican, Volume 20, Number 241, Rensselaer, Jasper County, 7 October 1916 — Bank Cashier to Throw Self On Mercy of Court [ARTICLE]

Bank Cashier to Throw Self On Mercy of Court

Ellis Shookman, cashier of the Burrows, Ind., bank, who yesterday confessed a shortage of SIB,OOO, . will throw himself on the mercy of the "court when araigned, according to the father, George Shookman, who had a long conference with his son at the city prison today. The father, who is a farmer living near Decatur, was broken hearted when he learned of his son’s predicament and declared, that he would try to obtain bond for the young man’s release. After the conference at the jail, the elder Shookman said, “I always told my boy to be careful about handling other people’s money. Ellis did not spend any of the money on himself. He told me he made a mistake when he advanced too much money.” Arthur Cravens, head of the state bank department, in speaking of the. case said, “Since I have gone further into the books l am inclined to think that most of it went into overdrafts. I think better, of him than at first. Shookman was an expert with his accounts and it appears that he kept the overdrafts carefully concealed until, as he says, they could be made up again. I think that the most of the money was let out in the last three months.” Shookman wil he taken to Delphi for a preliminary hearing. ; > ---