Jasper County Democrat, Volume 23, Number 32, Rensselaer, Jasper County, 17 July 1920 — SHORTAGE MAY REACH $50,000 [ARTICLE]

SHORTAGE MAY REACH $50,000

President of Raub Elevator Company Makes Estimate. Lafayette, July 15. —No trace has been found of Lee Kelley, manager of the Raub Grain company’s elevator- at Raub, who disappeared June 28, leaving his accounts in confusion. Accountants are still at work on his books, but, according to Henry Carson, president of the company, there is a shortage which may amount to $50,000. The company is protected to the extent of SIO,OOO by Kelley’s bond. It is not known what caused the shortage. One report is that Kelley speculated on the board of trade and another is that he lost money in legitimate business, the break in the cash grain’ market in recent weeks being regarded by some as responsible for his losses. Kelley formerly was in business at Frankfort with his brother, Frank Kelley, a grain dealer of this city. The Frank Kelley mentioned above used to be in the grain business at Remington.