“[Godard Bailey, a clerk in the Interior Department, whose wife was related to Secretary of War Floyd] confessed [to Russell] that the bonds he had given Russell belonged to the Indian Trust Fund of the Department of the Interior of which he was merely a custodian . . . In plain, everyday terms, Bailey was an embezzler in the amount of $150,000. . . .
One who has followed Russell’s unique, colorful and sometimes brilliant business career from the beginning regrets to face the remainder of the story concerning the bond transactions. Next day Bailey . . . delivered $387,000 worth of Missouri, South Carolina, and Florida Trust Fund bonds to Russell . . . By this act Russell fully shared Bailey’s guilt. Whether he was morally guilty in the first instance might be debatable, but certainly not in the second. By his own frank, straightforward confession he convicts himself of receiving and using for his own purposes property he knew was stolen.”