Ronald Finney
Ronald Finney | |
|---|---|
| Born | Ronald Tucker Finney September 18, 1898 Woodson County, Kansas, U.S. |
| Died | October 1, 1961 (aged 63) |
| Nationality | American |
| Alma mater | Cornell University |
| Occupation | Businessman |
| Known for | Role in the Kansas Bond Scandal |
| Parent(s) | Warren Finney Mabel Tucker |
| Conviction(s) | 31 counts of forgery |
| Criminal penalty | 31 to 635 years in prison |
Ronald Tucker Finney (September 18, 1898 – October 1, 1961)[1] was a convicted forger at the center of one of the biggest political scandals in Kansas history, known as the Kansas Bond Scandal, involving over $1 million in forged municipal bonds.[2]
Ronald Finney was born in Woodson County, Kansas to Warren and Mabel (née Tucker) Finney. His father owned several telephone companies and was president of Fidelity State and Savings Bank in Emporia, Kansas. Finney graduated from Cornell University in 1921 and then worked for his fathers' bank as a bond salesman.
In June 1933, an investigation started when bank examiners questioned the authenticity of $150,000 in bonds held by National Bank of Topeka as collateral. State Treasurer T.B. (Tom) Boyd resigned, after admitting he had given access to the state treasury vaults to Finney, who took some bonds so that he could forge them. Governor Alf Landon sent the Kansas National Guard to guard the vaults at the statehouse until state accountants could check Boyd's records. Initially they discovered $600,000 in forged bonds in the vaults, with more forged bonds found at a Chicago brokerage. The forged bonds were given to the state as collateral for deposits at banks controlled by the Finney's family. or used as collateral for loans.[3][4][5]
Three banks that were controlled by the Finney family failed in August 1933 as a result of the forgeries: Fidelity State and Savings Bank in Emporia, Eureka State Bank in Eureka and Farmers State Bank in Neosho Falls.[6] Ronald Finney was arrested in August 1933 and charged with dealing in forged securities. He pleaded guilty in December 1933 to 31 counts of forgery after an insanity defense failed, and was sentenced to 31 to 635 years in prison.[7] State Treasurer Tom Boyd was convicted in January 1934 of mail fraud and was sentenced to a term of four to ten years in prison.[8] In December 1933, Finney's father, Warren Finney, pleaded guilty to embezzlement. He was sentenced to 12 consecutive prison terms ranging from three to 50 years after the judge had ignored a recommendation for a much more lenient sentence. Warren Finney committed suicide in June 1935 after his appeal failed.[9] Attorney General Roland Boynton and State Auditor Will J. French were impeached, but acquitted.[10] Ronald Finney was released from prison in 1945. After prison, Finney did writing for trade journals. He died of acute bronchitis and emphysema in 1961.
William Lindsay White wrote a novel called "What People Said" based on the Kansas Bond Scandal. White was the son of William Allen White, the editor of the Emporia Gazette and a nationally known figure in journalism and political life. The White and Finney families were friends and neighbors.[11]
This was the second major political scandal in Kansas involving government bonds. In 1862, Governor Charles L. Robinson was impeached by his political enemies for his alleged role in the sale of state and war bonds, although he was exonerated.[12]
References
[edit]- ^ findagrave - Ronald Tucker Finney
- ^ The 50 Greatest Kansas Scandals & Controversies The Topeka Capital Journal
- ^ When it comes to scandal, Kansas up there with the pros The Topeka Capital Journal December 6, 2000
- ^ Wolf in the Fold The Daily Kos April 22, 2012
- ^ BIG BOND FORGERY BARED IN KANSAS; Troops Guard State Treasury as Fake $658,000 School Issue Is Investigated. BROKER NAMED IN LOANS His Kin Are Interested In Three Banks Closed in Case -- State Treasurer Under Fire. New York Times August 10, 1933
- ^ BOND FORGERY SHUTS THREE KANSAS BANKS; $1,000,000 Swindle in Municipal Issues Revealed in Arrest of Emporia Banker's Son. New York Times August 9, 1933
- ^ KANSAS BOND GUILT ADMITTED BY BROKER; Ronald Finney Pleads After Defense of Insanity Fails in Forgery Case. New York Times December 24, 1933
- ^ EX-OFFICIAL GUILTY IN KANSAS FRAUD; Tom Boyd, Former Treasurer, Faces Term of Up to Ten Years in Bond Scandal. CALM AT JURY'S VERDICT New Trial of $260,600 Case Will Be Asked -- Ex-Auditor Awaits Hearing. New York Times January 28, 1934
- ^ EX-BANKER SUICIDE WHILE SHERIFF WAITS; W.W. Finney Faced Prison in Kansas Bond Scandal Which Also Jailed His Son. New York Times June 7, 1935
- ^ ACQUITS STATE AUDITOR.; Kansas Senate Drops Impeachment In Bond Scandal. New York Times February 7, 1934
- ^ What People Said, by William L. White neglectedbooks.com September 6, 2008
- ^ dKansas Paper Money: An Illustrated History, 1854-1935 By Steve Whitfiel
Further reading
[edit]- Bader, Robert Smith. The Great Kansas Bond Scandal. University Press of Kansas. 1982. ISBN 978-0700602483