Evening Republican, Volume 21, Number 267, Rensselaer, Jasper County, 26 November 1917 — Dwiggins Held In Bond of $50,000—Shortage $150,000 [ARTICLE]

Dwiggins Held In Bond of $50,000 —Shortage $150,000

Elmer Dwiggins, former New York manager' of the Banker’ Life company, of Des Moines, la., has been indicted by a federal grand jury in New York city on a charge of using the mails to defraud purchasers of Liberty loan bonds. Dwiggins is alleged to have collected SBO,OOO on the second issue of the loan. His entire shortage is said to aggregate $150,000. Following an examination in bankruptcy proceedings, United States Judge Hand granted the receivers motion for the sale of securities in Dwiggins’ name, totalling $14,000. The counsel of the defendant objected, stating that examination of them might disclose evidence of an incriminating nature. • , According to statements by Dwiggine he possess a speculative memorandum account but declines to state wheather it shows a loss.