Bank Crashes – Misappropriation Alleged Washington DC: The John Gresham Bank has crashed. Its owner John Gresham is arrested and is in jail. The Bank is closed and sealed. Customers are panicky not knowing what has happened.
On contacting the governor of the Bank Mr. Robert Baldwin, he said he knew nothing about the misappropriation. If anything has happened, as alleged, he does not know anything about it. He is only the governor of the bank and major business is transacted by the owner Mr. Gresham himself.
We also contacted Mr. Donovan. He is the Asstt. Cashier of the bank and he has been working there for the last 8 years. He was as surprised as we were about the crash of the bank. He said he had planned to work in the bank all his life because he had considered the bank an excellent one. He even got married on the strength of his job here. He was now more worried than even the customers!
The police say that John Gresham has taken away huge sums from the Bank and deposited them in the numbered Swiss Bank accounts. He was planning to run away with his family to Switzerland and live there comfortably with his misappropriated money.
The trial of the case will begin in 24 hours.
