The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1870-03-04
LETTER FROM CLEVELAND.

CLEVELAND, O., Feb. 18th, 1870.
EDITORS NEWS:
This city has recently been the scene
Of two sad cases of business delinquen-
eies In the financial circles which seem
TO be quite proper to communicate, not
20 much on account of the novelty
which they present, as the influence
they may exert upon any who may
have inducements to yield to like tempt
atoms. The first was the case of Mr..
Buell., cashier OF the First National
Bank, who put an end to his life by
pistol shot, almost in the presence of
his family, on account of the impossi-
bility OF delay in the discovery of GER
tain defnlcations and delinquencies.
Although this case was before the pub
lie several weeks ago, it has again be-
come q subject of conversation on ac-
count of new case which excites al
most equal surprise.
A member of the bar, Mr.. Frederick
7. Wallace, who had fully enjoyed the
confidence of this community, until re-
Gently, when 1t was discovered that he
was the author of q number of forger-
les, upon one indictment for which
no was yesterday arraigned, plead gull
~, and was sentenced to the peniten-
tiary for ten years. These forgeries
ran through several years undecided,
and involved large aggregate amount.
Judge Paine, before pronouncing his
sentence, referred to the fact that the
social standing and professional char
acter Of the prisoner would almost pre-
clude the idea of his guilt, were it es-
tablished in any other way than by his
own plea in open court. The evidence
was however said to be abundant and
conclusive. His Honor added that
"this duty is rendered UNNECESSARILY
more unpleasant on this occasion from
the fact that for almost twenty years 1
have known you intimately as a citizen.
Our social relations have been of the
most friendly kind. have also known
you as q member of the bar of this
county, and have always had the high
est respect for your honor and integri-
ty." But few cases have occurred in
this country that have excited SO much
surprise, and perhaps none since the
case of Mr.. Sothbone, at Buffalo, N. Y.
many years ago.
Cleveland has very rapidly become
one OF the large commercial cities of
the West. Its designation as the Forest
City, (Which name was given it on ac-
count of the forests which surrounded
Il, and the large number of native for
est trees which were preserved in the
midst of the city,, have disappeared to
such extent as to render the name no
longer appropriate.
One of the chief sources of its COM
mercial importance is in its connection
with the working of the copper and
Iron mines of the lake Superior region.
The enterprise of developing the mines
10 said to have originated here, and the
vast piles Of iron ore indicate that
there IL much of Cleveland capital still
employed in this direction. Much of
the coal which is produced from the
fields Of Trumblll county, Ohio, and
the western border of Pennsylvania
nnds its outlet to distant markets
through the port of Cleveland. Upon
the low grounds under the hill, the
groups OF large oil tanks which receive
much of the produce of the wells of
Mecca, In Trumbull county, and of the
oil regions of Pennsylvania, indicate
that this Is something of an oil CENTER.
q n. a. y