The Federal Grand Jury, which spent most of 1927 exploring Indiana politics, last week dissolved. For malfeasance tinged with Ku Klux Klannery it had indicted Indiana’s Governor, Ed Jackson, and Mayor John L. Duvall of Indianapolis, ousted in October, (TIME, Nov. 7). Finally last week, the Grand Jury indicted the chief of Indiana’s dominant; political party, Republican State Chairman Clyde A. Walb. The charges against Mr. Walb were aiding and abetting his friend, Valentine D. Weaver, to violate Federal banking laws by misapplying funds and forging credits in the First National Bank of La Grange, Ind. Mr. Weaver was president of the bank, Mr. Walb vice president. Both resigned two months before the bank failed.
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