The Cairo bulletin. [volume] (Cairo, Ill.) 1872-1878, 1873-05-07
100000 GONE.
PHILADELPHIA BANK Lk BEATS
TAINTUR BY 100000 WITH
OUT MUCH TROUBLE.

ru,LApELrHIA, April 30, 1s73.--WnlI
III rect may congratulate itself on It's ire
III uent irregularities, and think IN It's
III yotism that bankers and officials and
perators outside its precincts are Il
small potatoes' to merit notice at III
ands; and in many cases Wall street !
orrect, but the details of the recent fail
re of Harrison Grsmbo, banker, Of this
ity, throws in the shade anything yo,
ave had in Wall street in this line IL
III ONE time, not even excepting
he recent exploit of tho tainted
III 'aintor. Mr.. Harrison Grambo was GER
Ill sinly ambitious; and, so far as shrewdness
4 the expense of principle entities man
a respect, so far is Mr.. Grambo entitled
n % applause for the manner in which his
played its little game. II, however, this
nan congratulates himself on the present
III ltuation, with his character blasted and
N his Innocent wife and family made to suf-
fer by his operations, then be possesses n
nerve and efrontery unequalled IN the
annals OF villainy. Mr.. Grambo began
his career at the foot of the ladder IN
deed, il is said that his fathers funeral
expenses were paid some years ago by
n collection taken up by the old
reduced had the former become pecuni-
srily. After the death of the elder
I Gram DO, the hero Of this story engaged in
mercantile business but, owing to the
\ peculiarly of this method, 1t was not long
1 before he found himself complete wreck.
His next effort was in banking. He
started out on a large scale at once, and so
far as assumption and cheek could give
\ i,,,n ba huA Rpt ka hrnl g.rE al a.
city never took to him very kindly. Phil
adelphls is not the place for "a splurge, and
any business man who ever took this
method in Philadelphia has, sooner or la
ter, found himself n dead cock
in the pit. Grambo gave
sheer for sheer, and KEEP. on in the un'
even tenor of his way, unmindful of tn,
steady old burghers, who frequently
prophesied his downfall. Ini course OF
time be fitted up his offices in Il princely
style, and wondering countrymen were
frequent recipients of Grambos circulars
with the interior OF the banking palace
engraved thereon. The counting hous
and the private offices, with sofas ant
easy chairs, and all the papers and roya
ingram carpets, were therein displayed
and people who knew nothing of the in
/ side working of this wonderful institu
! ito said Grambo was q wonderfully sue
" ~,o,S-, nnu working "&tNnen, Ana FARMER
Thought him their money to inves
ana always received the interest prontl
on time; but what OF the prii
cipalY Echo answers, what Mr.. Gran
hos sisters were provided with comfor
able home. Grambo moved into Walnl
street, that locality SO dear to the heart
Philadelphia respectability; costly pictur,
adorned his walls, the finest vianC
tempted his palate, and Gramto went {
prospering with other peoples none
Not content with possessing the finest o
fees, he fitted up sub-ofice in gorgeol
style in the rooms Of the board of broker
which was at once the envy of tn
younger members and an object of sa
casm to the older heads. The bankin,
palace in Wall street-Mr. Grambo's {
nee was also in Wall street--althou,
very fine could hardly be expected
suffice for the Philadelphia Gould, a
he began to cast his eyes around for
more palatial building wherein he mig
organize a clearinghouse without ri'
on the American continent There is
Chestnut street, very elegant mari
building, formerly occupied 10y Bailey
Co., jewellers, and this building tho d
venturous Grambo decided to posse
He sought out Mr.. Joseph Tobias, the o
ner, and made a bargain with that g
tlemsn. Mr.. Tobias agreed to expe
fifteen thousand dollars in repa
and alterations, and Gramho decd
to move in as soon
possible. The repairs were concluded, q
Mr.. Tobias congratulated himself on ST
u desirable tenant. A few days ago,
fore Grambo was ready TO move, an VI
rumor touching bis solvency began
spread. An investigation proved the
NOR to be true, and it took but two
! three days to ascertain that Grambo b
failed for seven hundred thousand dolla
"A man Lo whom he WAS indebted tor g
dening went into the stable one night .
there found two furniture cars loaded "
household furniture, awaiting the hgh,
few more hours 70 remove them 10
house occupied By the Grambos. A
days ago a crowd was attracted to
clearinghouse to see an iron manufactI
remove some iron work that Grambo
ordered. Two or three days elapsed
the fnancier of the period found him
arrested on three distinct charges for
bezzlement. Bail was furnis
in each instance, but there
more charges pending, and
Grambo, from present sppearan
has sp excellent chance Of verify in!
his own person, the experiences Of
who suddenly finds himself transfe
from q palace TO prison. Speculate
desire TO ape the habits and foliies Of
who can afford TO crafty their wishes,
an overweening vanity and belief in
own cleverness, seem TO have been
csnses of Mr. Grambo's downfall and