BANKING: Time Deposit

Banker William Rose, who shared others' wealth last year in Ellenville, N.Y., reaped his reward last week. Having admitted gift-loans of $1,400,000 that collapsed his Home National Bank (TiME, Dec. 24, 1956), Rose, 51, heard a New York federal judge sentence him to five years in jail for misapplication of bank funds. President Joseph Di Candia of the nearby Anjopa Paper Co., who invested part of $958,000 in loans from Rose in wine, women and song, was sentenced to three years for his part in the deal. Mrs. Celia Hoffman and Mrs. Anna Schandler, two sisters who put every...

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