Meanwhile the trust company had checked against its account, to which
the Keystone Structure Cleaning Company's check had been credited.
When the check was returned from the eastern bank the Chicago bank
would notify the Federal Trust Company of the non-payment of it. The
Chicago firm would then offer explanation and apologies and give a 5
per cent to concerns that cashed the checks.
When they came back, the men who got the money were shocked beyond
measure and at once offered stock and bonds of twice the face value of
the money involved as security. This quieted the fears and enabled the
schemers to go on.