Jasper County Democrat, Volume 14, Number 83, Rensselaer, Jasper County, 27 January 1912 — VREVEALS FRENZIED FINANCE. [ARTICLE]

VREVEALS FRENZIED FINANCE.

Witnesses Tell of Daniel P. Bald Win’s Banking Methods. Logansport, Ind., Jan. 24. —Evidence that the business transactions of Daniel P. Baldwin, formerly part owner of the Baldwin-Dague banks at Goodland, Fowler and Ambia, consisted chiefly of efforts to borrow money to carry large was submitted yesterday in the trial of a suit brought by Cass county to recover $26,000 back taxes from the Baldwin estate. Baldwin, according to the testimony, borrowed $5,000 from Wabash college, of which he was a trustee, for the purpose of buying tfee Ambia bank, which was later closed by the state. This and other large debts were said by the witnesses for the estate to have been carried for many months by Baldwin, who negotiated loans from one of his chain of banks -to pay debts at another and in this manner succeeded in floating a large indebtedness for years.