Opened Many Bank Accounts.
Accounts in banks in Chicago and other cities were opened and then exchanges of checks were made among them. Only the over-boldness of their operations caused their downfall.
An instance of their methods would be the following: The Federal Trust Company, one of their "paper" concerns, would deposit a check in a Chicago bank made by the Keystone Structure Cleaning Company of Philadelphia, another of their alleged firms. The check would be sent east for collection, and in a few days it would be returned marked "No funds."