A Tale of Two Ransoms Dec 13, 2014 9:17:18 GMT -5
Post by Michael on Dec 13, 2014 9:17:18 GMT -5
Placed in the Archives by Admin For Amy35
[Originally Created on 12-7-14]
A TALE OF TWO RANSOMS
Trial Transcript, Page 1507, Testimony of Mr. Stuart W. Cragin, J.P. Morgan Employee who supervised the assembly of the ransom packets with recorded serial numbers on March 22, 1932. Direct Examination by Mr. Anthony Hauck for the Prosecution.
Q(Hauck) - After the package of money was prepared on the 22nd of March what was done with it?
A(Cragin) - It was put in the safe of the general manager's office and kept in there overnight.
Q(Hauck) - Mr. Cragin, what happened the next morning with the two parcels of money? And I am speaking now of the fifty thousand package and the twenty thousand package.
A(Cragin) - Mr. Hinton and I took the two packages up to the Fordham branch of the Corn Exchange the following morning, that was the 23rd of March. When we got there we had a call from the office saying that there had been an error in the amounts of the denominations so we decided rather than try to make a substitution there we would bring the packages back to the office which we did along with the packages which were up there of unlisted money which we had substituted.
Anyone who has ever been interested in the Lindbergh Kidnapping Case has wondered whatever happened to the $30,000 dollars of ransom money that was never recovered.
Was Isidor Fisch laundering all this ransom money for himself and Hauptmann?
Was Hauptmann making many daily shopping trips buying who knows what trying to turn this money into clean money?
How was Hauptmann buying things like a new radio, a canoe, expensive prize-fight tickets, new dresses for Anna's trip to Germany, her 1932 trip to Germany with expense money for spending while in Germany.
He is supposedly doing all these things and more with ransom money yet there is no large influx of ransom money into circulation in 1932 to account for this spending activity. No ransom notes are traced back to any of this spending.
When I read Cragin's testimony that I quoted above, I saw a possible answer to the unaccounted for ransom money.
Cragin and Hinton go to the Corn Exchange back with the two packages of ransom money that had recorded serial numbers. While at the bank they are called to come back to J.P. Morgan Company and bring the two packages with the recorded serial numbers with them. At this time Cragin and Hinton also bring back with them the two packages of previously packaged ransom money that had been placed at the Corn Exchange Bank earlier in March. These two packages had been assemble with money that did not have recorded serial numbers. Cragin and Hinton return to J.P. Morgan Company with two ransoms - one with recorded serial numbers and one without recorded numbers.
What I theorize may have occured is that $30,000 dollars of recorded serial number bills from the $50,000 package were replaced with $30,000 dollars of unrecorded serial number bills. When the ransom was paid on April 2, 1932 the kidnapper(s) had $30,000 in clean money to spend and I have no doubt they did just that.