Rensselaer Semi-Weekly Republican, Volume 22, Number 91, Rensselaer, Jasper County, 2 August 1901 — Ex-Bank President Pardoned. [ARTICLE]

Ex-Bank President Pardoned.

John F- Johnson, who in 1897 was sentenced for a period of ten years to* the penitentiary for misappropriation of the funds of the State National bank of Logausport, has been pardoned. He served only a little over four years in the federal prison at Columbus, Ohio. Although the bank seemed quite thoroughly wrecked., after the shortages were discovered, steps were taken by stockholders and citizens looking to the rehabilitation of the institution, aud the establishment of the city National bank, one of the most substantial banking houses in Logansport resulted. Every- depositor iu the old bank received his money in full, and not a single business failure resulted from the mismanagement that sent its president to the penitentiary. The wife of the banker convict has been laboring long for the pardon and her efforts accomplished the j result. Of the pardon the Logausport Reporter says: “While many citizens express the belief that Johnson suffered enough, there has been some adverse comment from those who feel that he should have seived his time. However, muoh of the bitterness has died away, except among the stockholders of the olcb bank who lost so heavily through the ex-president’s speculation. His dominating personality can never overcome that hostility, but the public at large will warmly welcome “Johnny” Johnson home and show a disposition to forget the past and extend a friendly hand. Mr. and Mrs. Johnson will visit friends in the east for several days before returning to Logansport. It is Mr. •Johnson’s intention to engage in business here again, presumably in the hardware business. Mrs. Johnson has managed the business profitably.”