The Florists'^ Review 



ApBIL 20. 1922 



supply committee are W. L. Crites, Ohio; 

 R. C. Dickinson, Illinois; W. G. Lyman, 

 Indiana; M. W. Jonea, Iowa; E. P. Dag- 

 gett, Michigan; E. J. Vaux, Minnesota, 

 and J. W. Hutchison, Wisconsin. 



SEEK TO INDICT PEACOCK. 



Bank Shortage Revealed. 



Everette R. Peacock, called "the 32- 

 year-old bankrupt champion borrower," 

 was the principal figure in the story 

 that furnished head lines for the Chi- 

 cago newspapers Tuesday, April 18, and 

 the following morning. 



The board of directors of the Mil- 

 waukee-Irving State bank, according to 

 a statement made by their counsel, went 

 to the state's attorney's office, at Chi- 

 cago, Tuesday morning, April 18, to get 

 indictments against Everette R. Pea- 

 cock, founder and former president of 

 the bank; Albert Sporleder, another 

 former president, and H. W. Anderson, 

 former cashier. Last October the state 

 bank examiner, it transpired, discov- 

 ered a shortage of $450,000, and October 

 6 the directors were told that unless the 

 shortage was made good, the bank 

 would not be allowed to open in the 

 morning. They produced $100,000 in 

 cash and the remainder in mortgages 

 and bonds, with the exception of $25,000 

 on surety bonds, to collect which a suit 

 is now ponding. Of the shortage, said 

 the counsel, $29.'?,000 was in cheeks over- 

 drawn by the Everette R. Peacock Co., 

 the seed firm which went into bank- 

 ruptcy March 28. An additional $60,000 

 or $70,000 was in notes given by officers 

 of the company to cover its overdrafts. 



In his statement to Assistant State's 

 Attorney Edgar A. Jonas, Tuesday 

 evening, Mr. Peacock voluntarily listed 

 six other banks from which he obtained 

 a total of $155,000. From other 1);ink3 

 he had borrowed "small sums," .i mat- 

 ter of a few thousand dollars. 



The Milwaukee-Irving State b.-nik was 

 organized in 1919 with a capitalization 

 of $100,000. Mr. Peacock was presi- 

 dent until January, 1921, when he was 

 succeeded by Albert Sporleder. Confes- 

 sion by the former cashier, II. W. An- 

 derson, placed the state's attorney in 

 possession of statements which he 

 sought to verify by f|uestioning !Mr. 

 Peacock. 



Money for Seed Concern. 



"I organized the Everette R. Peacock 

 Co. for .$500,000," said Mr. Peacock, 

 "and most of the money I received 

 from the banks went into it. I obtained 



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