Rensselaer Semi-Weekly Republican, Volume 40, Number 49, Rensselaer, Jasper County, 25 February 1908 — ROBERT PARKER UNDER ARREST [ARTICLE]

ROBERT PARKER UNDER ARREST

Remington Ex-Banker Placed Under Arrest Thursday. Gives Bond and Is Released. Robert Parker, the Remington exbanker, was placed under arrest on Thursday afternoon by Sheriff O’Connor, and at once appeared in open court and gave bond for his appearance at the April term of the Jasper Circuit Court. There were three charges against Mr. Parker, all for embezzlement They were the result of the investigations made by the grand jury, which was in session the first week of the court. 1 Mr. Parker knew that the arrest would be made and he came to Rensselaer in company with his son-in-law, Hartley Church, Thursday, and together they went to the law office of Foltz & Spitler, and together they went to the law office of his attorneys Foltz & Spitler, and Sheriff O’Connor went to serve the warrants. Mr. Parkqr accompanied the sheriff to the court house and Judge Hanley established his ball at SSOO in each of the charges and Hartley Church signed first his own name and then by power of attorney the names of O. P. Tabor and Charles T. Dye, to the bonds. Mr. Parker was then released and returned to his home in Remington. ——— ’ The cases can not come up for trial before the April term, and a further postponment is then anticipated. The Remington Bank closed its doors at noon Thursday, December 19th, and Mr. Parker announced that this action had been taken after he had exhausted every means to raise money to meet a constant drain on the bank’s resources. Mr. Parker at once notified the state auditor and E. M. Hinshaw, a bank examiner, was placed in charge of the bank. Mr. Parker instituted proceedings in voluntary bankruptcy, and on petition of creditors a trustee was elected, the same being William H. Cheadle, of Remington. The affairs of the bank were found upon examination to be in a very serious condition, and while there were some very peculiar transactions in the management of the bank, there seem to be indications that Mr. Parker’s alm throughout was to recover from losses he had sustained in bad loans to business men in Remington. So far as the public has learned there has never been a transaction that indicated that Mr. Parker squandered any money and no intent to defraud his depbsitors seems to have influenced him, and there are many who attribute his downfall as solely due to his too great confidence in his fellowman. The outcome cannot be foretold, but it will be greatly regretted if his fortune will be to spend any portion of his remaining years in the penitentiary.