Rensselaer Semi-Weekly Republican, Volume 22, Number 81, Rensselaer, Jasper County, 28 June 1901 — Ex-Editor Isherwood Charged With Fraud. [ARTICLE]

Ex-Editor Isherwood Charged With Fraud.

Delphi Herald: The following item from Noblesville in this morning’s Indianapolis Journal was read with a good deal of surprise in Delphi: “R. M. Isherwood, former editor and proprietor of the Noblesviile Democrat, was arrested at his home at Delphi Saturday and brought to this city last night by the deputy sheriff of Carroll county, G. E. Arnold, to answer to charges of fraud preferred against him by the present owner of the Democrat. Early in the spring. G. B‘ Gilbert and A. N. Van Doren, of Adrian, Mich., bought the Daily and Weekly Democrat of Isherwood, paying therefor $5,500, part in cash and the remainder secured by. chattel mortgage on the plant. Gilbert and Van Doren now claim that fraud was perpetrated in the trade; that Isherwood misrepresented the kind and 'amount of material in the office, and that he had so ‘•padded” both the daily and weekly subscription lists that the books showed double the number that were bona fide subscribers. Isherwood was bound over to the circuit court under a bond of sl,500, his father-in-law, Judge C. R. Pollard, of Delphi, and N. W. Evans and Wm. Kelly, of this city becoming his sureties. Isherwood formerly owned the Delphi Times. He came here and bought the Democrat of W. H. Boswell just before the last campaign.” Mr. Isherwood is at present with his family at their summer home on the Tippecanoe river and it was not possible for the Herald to interview him today. While the charge is a serious one it is presumed that Mr. Isherwood knew what he was doing when he made the sale of the Democrat. If he had not reoeived a good prioe he probably would not have sold. The equipment of the office was good and with an established business $5,500 does not look an exorbitant price. The Delphi Times offioe changed bands several times with the consideration near $4,000 when the plant was not nearly so well equipped. It will be remembered that Mr. Isherwood moved the plant to Noblesville from here, the transfer to the Citizen only including the good will of the Times office.