Business & Finance: Black Hawk Trader

The bankers of Belvidere, Ill. are worried. For the past fortnight savings accounts in Belvidere have been shrinking at an alarming rate. More than $310,000 has been withdrawn and found its way into a small strongbox over which one-time Sheriff Albert Johnson and onetime Patrolman Charlie Smith stand guard.

Master of the strongbox is Albert William Benham. For 20 years Citizen Benham worked for National Sewing Machine Co., lived in a modest home. He is a fat, jolly, robust man now going on 46. Recently he mortgaged his home and that of a friend...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!