Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1873-05-13
Taintor Eclipsed-- A Philadelphia
Banker maker away with 100000.
From The New York Herald.

From the New York Herald.
The details Of recent failure O
Harrison Grambo, banker, of Phila
delphia, throw in the shade anything
we have had in Wall street in thi
line for some time, not even except
ing the recent exploit Of the TAINTED
Taintor.
| Mr.. Grambo began his career at th,
foot of the ladder; indeed, it is sale
that his fathers funeral expenses
were paid some years ago by col
lection taken up by the old gentle
mans former business associates, &C
reduced had the family become pc
cuniarilv. After the death of the oil.
der Grambo, the hero of this story
engaged in the mercantile business,
but, owing to the popularity Of bis
method, it was not long before be
found himself wreck. His next ef
fort was at banking. He started out
on large scale at once, and SO far
as assumption and cheek could give
him tone, he had it. But the brokers
of the city never took to him very
kindly.
Grambo gave sheer for sneer, and
kept or in the uneven tenor of his
way, unmindful of the steady old
bnrghers, who frequently prophesied
lis downfall. In course of time he
fitted up his Offices in a princely style
and wondering countrymen were
frequent recipients of Grambe's orr
cular's, with the interior of the bank
ing palace engraved thereon. The
counting house and the private Off
ces, with sofas and easy chairs. and
all the papers and royal ingram car
pets, were therein displayed, aud the
people who knew nothing of the in
side workings of this wonderful in
stitution said Grambo was q won.
darfully successful man. Confding
iaborers and clerks and working wo-
men and farmers brought him their
money TO invest, and always received
he interest promptly on time but
what IF he principaiP Echo answers
what
M. Grambo's sisters were provid-
ed with comfortable home. Gram
bo moved into Walnut street, that
locality so dear to the heart of Phil
adelphia responsibility; costly pic
lures adorned his walls, the finest vi.
ands tempted his palate, and Grambe
went on prospecting with other PEG,
pies money. Not content with pos
sessing the finest offices, he fitted up
sub.office in gorgeous style in the
rooms ofthe Board ofBrokers, which
was at once the envy of the younger
members and an object of sarcasm to
the older neads.
The baDking place 10 Walnut street
r. Mr. Grambo's 0ffise was also ia
Walnut street although very foe,
could hardly be expected to suffice
for the Philadelphia Gould, and he
began to cast his eyes around for a
more paIatial building wherein he
might organize ban ing house with
out rival on the American CONT
nent. There is in Chestnut street,
between Eighth and Ninth streets, q
very elegant marble building, former
ly occupied by Bailey & Co., jewell
ers, and this building the adventnr.
Gus Grambo decided to possess. He
sought out Mr.. Joseph Tobias, the
owner, and made bargain with
that gentleman. Mr.. Tobias agreed
to spend $4,000 on repairs and al
terations, and Grambo decided to
move in as soon as possible. The re-
pairs were completed and Mr.. Tobias
congratulated himself upon having
such desirable tenant.
A few days ago, before Gramb'
was ready to move, an ugly rumor
touching his solvency began TO spread
An investigation proved the correct
ness of what was said, and it requir-
ed but two or three days to ascer.
tain definitely that Grambo had fail
ed for 500 600. A man to whom
he was indebted for gardening went
nto the stable one night, and there
found two furniture cars loaded with
household furniture, awaiting the
fight of few more hours to remove
= TO the house formerly occupied by
the Grambos. A few evenings since
a crowd was attracted to the new
banking house to see an iron manu-.
facturer remove some iron that he
had ordered. Two or three days
more elapsed and the financier found
himself arrested on three distinct
charges of embezzlement. Bail was
furnished in each instance, but there
are more charges pending, and be
has an excellent chance of verifying
in his own person the experience OF
one who suddenly finds himself
transferred from palace to prison
Speculation, q desire TO ape the fol-
lies Of men who can afford to crafty
their wishes, and an overweenins
vanity and belief in his own clever
ness, seem 10 have been the causes
of his downfall, and the moral of the
story, though plain, will be comment
ed on tor day, and men will fal
With other peoples money just tn
same as ever.
At hearing to-day in the case o
Grambo it was announced that
warrant had been issued forcing hin
into bankruptcy. His liabilities ar
500, 900 and his assets 800 900.
A Middle Party IN Utah.