Jasper County Democrat, Volume 23, Number 77, Rensselaer, Jasper County, 22 December 1920 — FINANCIAL SYSTEM IS BUSTED [ARTICLE]

FINANCIAL SYSTEM IS BUSTED

By Cruel Officer at Mt Ayr, Who Takes Operator In Tow. The most astounding deal in high finance has been taking place In Brook, Goodland and Rensselaer during the past two that could be conceived by a “Get-Ricb-Quick-Wal-llngford.” Young Clarence Rush, who Ilves near Mt. Ayr evidently concluded that he could outwit the banks, or his mind is not working right. Some time ago he came to Brook and drew a check on a Rensselaer bank for 3125 and purchased a draft tor It When the check was returned marked “no funds," young Rush was called on the carpet and at once stated that he could straighten it up. He went tp Goodland and at the trust bani drew a check on a Rensselaer bank for the 3125, 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 upon young Rush to make good. He went over confidently, explained that he had checked on the wrong bank and as he needed more money he called

up the First National bank at Rens selaer and, holding the conversation himself, reported that they would honor a check for him for 3525. * He took up the protested check at Goddland, bought a draft for 3300 payable to the Bank of Brook, pocketed the balance of the cash and came to Brook and paid off another check that be had drawn on the Bank of Brook for 3300 in favor of John F. Judy of Judyville. When the 3550 check on the First National at Rensselaer was returned to Goodland he was again called upon to get busy. Nothing daunted; he went to the Farmers’ Grain company at Mt. Ayr, represented he had purchased his father-in-law’s farm, crop, tools, etc., and wanted to sell the corn, and would start hauling it in that afternoon. He claimed he had 2,000 bushels of corn and wanted an advance of 3600.

He signed a contract which states that the corn was his and unencumbered, according to Manager J. C. Roe of the Mt. Ayr Farmers’ Elevator company. He was given a check for 3600 and went to the bank at once and got the cash and hired an automobile and started for Goodland. The fraud was discovered in time for the elevator company to notify the Goodland bank that the money was obtained fraudulently and was theirs. This bank accepted the money and kept it. Meanwhile, young Rush returned to Mt. Ayr. It looked like his system was working as he had another credit for fifty dollars extra on the last transaction. At Mt. Ayr the town marshal apprehended him and the dream was over. Young Rush has several bad checks to his credit among Brook’s business men, given during the past few weeks. —Brook Reporter.

It Is reported that the young man s father-in-law has straightened matters up with the elevator company and that no prosecution will be made.