The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1874-06-09

THE pEFAULTER SLOANE.


sErTLENENT--AN INDIANA PARTY CON-
CERNED-THE PRESENT coSJEcTUREs OF
HIS WHEREABOUTS. ...
The Sandusky correspondent of the
Cleveland Herald gives the following pic
ture of the recent developments in the
strange denoument of the career of an ex-
railroad king: The remarkable career of
Rush r. Sloane, ex president of the Cincin-
natl Sandusky & Cleveland Railroad Com
pany, is familiar to the readers of the
Herald. Its columns contained in detail
the facts connected with the discovery of
large embezzlements from the not over
stocked treasury of the company; the civil
suits in the Erie County Court of Common
Pleas against Mr.. Sloane, for the recovery
of over two hundred thousand dollars,
alleged to have been appropriated by him;
his arrest upon several charges of embez-
Element, February 18th last; his release on
s46, 900 bail to appear before the mayor on
the 18th of the same month; his
sudden departure from Sandusky on
the 14th; his marriage at Elyria and
flight to Europe with his bride; his nom
appearance before the mayor, and the for
FIXTURE of his recogRizance. This briefstate-
ment will recall the circumstances to the
reader, and prepare him for the perusal OF
another chapter in the history of this man, to
whom an inordinate love of money was in
deed ''the root of all evil" While in Europe
ls
Belgium. There is no extradition treaty
with that state and it is therefore sought as
safe haven of refuge by the victims OF
| financial indiscretion. He has kept up
soTCew hat voluminous correspondence with
parties In Sanduskv, making the utmost
endeavors to bring about settlement of the
| little differences that existed between him.
self and the company. Whenin his glory he
was reputed to be the wealthiest man in
Sandusky; he stood upon the very pinnacle
Il o,,1 II lie It'd
almost bourdless. Now he is scarcely
| thought of but as
| THIEF AND FoRGER.
Many of those who were his staunchest
supporters in the memorable congressional
campaign of 1872, and whose faith chung
tenaciously to him during the early days of
his disgrace, are now among the most bitter
in their denunications. He at length deter
| mined to make restitution in money, I'M
doubtedly in the hope that after he should
have done this the criminal proceedings
would be withdrawn. He accordingly
signified by letter his desire to meet per sons
authorized to ''talk business" and con-
ference was agreed upon. Mr.. Sloane
returned TO this country accom-
panied by his wife, and a meeting, was
arranged to take place at Niagara Falls-of
course on Her Brittanic majesty's side of
| the river. The parties met at the Clifton
house about the middle of May. The rail-
road company was represented by j. $. Far
| low the president, and N. w. Pierce,
member of the executive committee of the
board of directors, both of Boston. Two of
Mr. Sloane's legal counsel were also present
Hon. s. A. Bowman, of Springfield, Ohio,
| and Homer Goodwin, of Sandusky. Consid-
cradle time was spent in consultation, the
negotiations terminating on the 18th of May.
Mr.. Sloane agreed TO transfer TO the compa-
nv DroperJv to the amount of
TWO HUNDRED AND FIFTY THOUSAND DOL
| LARS
marketable value. The whole party, inclu-
ding Mrs. Sloane-her signature being nec-
essary in the transfer of real estate
crossed over into the state OF New York, and
all the papers were executed, "signed, sealed
and delivered" The property made over to
the company consists of railroad and other
stocks, mortgages, and large amount of
| real estate in Chicago, Toledo, Sandusky,
and at points along the line of the Cincin-
natl. Sandusky 81 Cleveland railroad. After
all the business of the transfer was finished
Mr.. Sloane retired "over the border, !" to take
refuge again behind the protecting paw of
the British lion. Mr.. Sloane is said to look
| as If twenty years had passed over his head
since he left his native heath, three and a
half months ago. It is currently re-
ported at Ssndusky tlat, pending the
Il
| found time to make a flying visit to her
i former home in Elyria. While Mr.. Sloane
was standing upon his insulted dignity and
defying the company's representatives, these
proceedings passed entirely out of their con-
/ troll into the merciless hands of the state of
Ohio. But 1t was the only hope he had left,
that they would in some way be instrumental
in causing their withdrawal. Wnen ne
| learned, last week, that the grand Jury of
Erie county had, upon their oaths sfore-
| said" returned twenty-four indictments
| against Rush r. Sloane for embezzlement
and forgery, he again went forth upon his
wanderings, fugitive from justice-sn out
| law in the land of his birth. His present
whereabouts cannot be ascertalned. His
| attorney in Sandusky AYERS unqualifedly
| that he has returned TO Europe, while others
believe him to be somewhere in Canada.
| THE FORGERY INDICTMENTS,
nine in number, allege that Rush r. Sloane
''unlawfully and feloniously did falsely
make, forge and counterfeit" the following:
December 9, 1s70-Receipt from j. T. Scank-
Ian, of Norwalk, to the Cincinnati, Sandusky
and Cleveland Railroad Company, for $40.
May Is. IS7I-Receipt from A J. Peet OF
Toledo, to same, for Sll5. August 9, ISL
Receipt of /. M. WinsIow, of Indiana, for
q, 200. September 5, 1s71-Receipt from I.
U. Winslow. of Indiana, for 1920. Septem-
Der 6, IS7l-Promissory note of said COM
pany to L. NJ. winslow, for 1892 so.
September 5, 1S71-Promissory note of
said company to /. u. Winslow, for
I 1852 90. September 5, 1s71-Warranty deed
| from i. u. Winslow to said COM
pany, for the :, consideration of S7,7OO.
January 80, 1S72-Receipts from Binford Il
Gay, of Michigan, for loss ~. January 81,
1s72-Draft on First National Bank of Sam
dusky, in favor of Binford IL Gay, 81 ,2O6 90.
Some of the transactions connected with
these forged papers were of a decidedly
unique character. The firm of "Binford Il
Gay, of Michigan" is declared to be myth
And the firm of "BiDford & Gay" was I'M
questionably none other than Rush r.
Sloane. The officers of the road have cores
| ponded with almost every lumber firm in
Michigan, and no person could be found who
had ever heard of this one. The names of
Scanklan, of Norwalk, and Peet, of Toledo
which appear in one Indictment each are