Evening Republican, Volume 23, Number 306, Rensselaer, Jasper County, 23 December 1920 — SYSTEM OF HIGH FINANCE IS BUSTED [ARTICLE]

SYSTEM OF HIGH FINANCE IS BUSTED

The moot astounding deal in high finance that could be conceived by a ‘•Get Rich Wallingford” has been taking place during the last two weeks in Brook, Goodland and Rensselaer. Young Clarence Rush who lives at Mr. Ayr, evidently concluded that he could outwit the banks or his mind is not functioning properly. Some time ago he went to Brook and drew a check on a Rensselaer bank for >125 and purchased a draft for iL When ,the chock was returned, marked no funds, young Rush was called on the carpet and at once he stated that he could straighten it out. He went to Goodland and at the Trust company drew a check on the Rensselaer bank for the >125, and purchased a draft payable to the Brook Bank and came here and paid off the protested check. It now became the turn of the Trust Bank to take up the running and when the check was returned to them they called up young Rush to make good. He went over confidently and explained that the check had been made on the wrong bank and as Tie needed the money he called up the First National Bank at Rensselaer and holding the conversation with himself reported that they would honor a check for >550. He took up the protested check at Goodland, bought a draft for >3OO payable to the Bank of Brook and paid off another check that he had drawn on the bank in favor of John F. Judy of Judyville. When the >550 check on the First National at Rensselaer was returned to Goodland he was again called to get busy. Nothing daunted him and be went to the Farmers Grain Co., at Mt Ayr, represented himself as having purchased his father-in-law’s farm, crop, tools, etc., and wanted to sell the corn, and would start to hard it that afternoon. He claimed that he; had 2,000 bushels of corn and want-! ed an advance of >6OO. He signed the contract that the corn was his and unencumbered, according to Manager J. -Roe of the Mt. Ayr Farmers Elevator Co. He was given a check for >6OO andwent to the bank once more and got the cash. He then hired an auto and started for Goodland. The fraud was discovered in time for the elevator company to notify* Goodland at the bank that the money had been fraudulently obtained and was theirs. The bank accepted the money and kept it I Meanwhile young Rush returned to ML Ayr. It looked as if his system was working as he had another >SO extra credit on the last transaction. At ML Ayr the Town Manhall apprehended him and the dream was all over. Young Rush has several bad checks to his credit among the Brook business men, given out during the past few weeks.—Benton County Review.