, 1875-06-14

VI NO" 1ofH. we 1t onco advised nl our cor
respondents that this failure would NOT produce
ours. Aad that ws could par ali; NO IN
vttcd thoao who wero fcArfnl To draw on III Ut
oneo. Tho Chicago Times. however, published
dispatch, that Ne hat falos. which Was utterly
mnsrue Thts dispatch was copied through tho
morbid t!ortro for public abatement, and, a! 80
Eroat distance. wo were convenient peoplo 10
lsy tho blame OF hia own wrong E-dong upon. 80.
Instead Of telling Of i;s unfortunate apscnta-
tfonb, and OF Tho fearful Hun,s Of money he Ind
!ost therein, ho nsinuatod In indefinite Wars sh1t
hls New York partners woto To tlamo. II you
will look back ut the Chicago and Dcs Noincb
paposs Ia January and fonf'tsry inst, yoA will
or conrso. Inanv withdrhv tlleir deposits. aui
finally. finding tslom growing moro malicious,
Ind that ntthcilmonta we're Going brought apalpat
ms interest in our firm. deew checan aud paid
On tho 19th Of January, S1L Allen. our senior
partner. iaslcd and. Oh tho 2lst OF January, no
were ready to pay all cur depcaits In cash. Wo
o"od others for lonns negotiated by ns to supply
tho Cook County Daok With cash but he had
negotiated those loans without conceatnent Of
thoit purpose, and they VEN amply secured
stlsI, NO seT all tho parties, and they heartily
approved OF our courne. Wa were rerfoetly
open. We may ray with eoma feeling that those
partios hEe anlougst our warrnest friends to-day.
h1r. Editor. vo point With p1ide to a mo,caotile
career whero thoro ia nat ono Borrowing family.
one injured 1rmt Quo ruined bank. For
tho two New York partners Of .. +. Alien, no
1nay say: In ali our career va havo
hovor fAllod hAyo novor bcen dibcrcdtcd; hayo
noTor CAUSED ioases to others have never beon
members Of any firm that has not paid ts debts
III full. No Just claim oxissg aeatnss III that wa
aro not prepared to-day to pay In full on preson-
tat1on. EAsiycs CT this county, prou1 OF 1t and
its Ercatnca.. wa feel certain of that fasr p,uy
which popular feeling always gtYes to nl wheIa
the truth is roal!y known.
10 tue multitude Of bankers in tho Great Wast
By Themselves Wonll yo,, rot foci proud 10
@ hAye delivered up your trust psrfcct on much no.
tlco? And havo ne not acquitted ournovcs hon.
oEably7 We cain. II any Judgment 10 made Of
Us. that "c 10 Judged By thus our own record,
and not By tho indefinite sccusa.ious Of al
onnmy.
No mon lsavo hecn more reluctant shnu our-
eo!vcs to appear in print. 6e.cn timea has tfr.
Allen appeared tn print ovo. hiA aignhturc,--ov-
cry time asaatpg us directly osndrcctty. Onco,
oeslaes, ht public moot'ng, In his presence
md .t bis zeguest, hsa 1a.Yc7s spohc. mud, in
speaking aasa{lcd us. The Wentefn newspapers
Iublishod interviews and editorials against us.
FINALLY, OIL tho 1st Of March, Mr. Allen, driven
to fury by our silonce. aworo to libel, pcrjutng
himself; aud, On tho 1th Of Match. this moss tna-
lcious. wicked, aud uutrutLfM thing was pro-
catcd to be publiahod In all the Now York pa
pern. and VIVA apeedsly repubtislol throughout
all tho land. Than, fer tho first ttmo, NO m.ae
Tepy =, AT .:e hisor wS refer 4 So1 to your own
II. was trno In avery particular, nnd was
most modorate and temperate statement Of
Griavons wrongs done uH by nid Allen. Aud
now. eir, when You very properly chooHo TO pnb-
covered. NO arc again assailed bg malicious.
tllreatenng card, which tho writer homes by in-,
Hlnuhtion Will do harm to us. eyen though ho
goea 80 far a. to own himself c,iminsl, that Le
NAV call US his confodsrA.es Wo owo It to our
selves to o1platn HIN little.
EXPOSURE or ALLEN.
Nr. Editor, sha nnu ts full OF persIstout de-
eoit, On tho 18th Of January ho published
notice at tho Cook Comfy Bank door, saying:
can na.nre depo.itors that no los. can ocour to
sa1gued) II. +. ALLEN, Prusident
According to tho present bank authorities, he
on that dav 'oHnd the Cook County National
BANK q, ,2so 900 (over ono and quarter mill
stock. s'9' 1 '''
A. tho time Of failure, by Allan's published
yorbal account
Tho dnpoaita taooOoo
.''.''.''''.'..''-''.... 59oooo
aot,o 900
Not much left for tleposlorB,tf Alien, s.ophcus
Il Co. had not furnished $950, ,001 tn good, SOLID
and tho balance OF security In Aliens morsyngo
On tho I'D OF January, 1875, he published
oyer bis signature, In tho Dcs Molnea Slate NeJ-
tster, IA prudent moderation on tue part OF all
Ill RHt4l0 Flli GG&bl$ Ea9 10 6ATG 0ll
from tho possibility Of losg."
But, on tue lob Of April the Slate Journal OF
Des Motnes publlshed Ar. Allca'a lutter dated
tho 9th OF April. saying that IT allowed to manago
hls own assats, lug could pay Ills homs creditors
ments {pfovldel he could enthusiastically adjust
other clairna against Aim).
These two statements Will not aajnBt. Neither |
Will this. Published over his signature on tho |
2oth I; Of Jannary: my rosourcea far oxoeed my
htIif1H4 n {rfI Inn
TIE MoITaA0E,
On tho 22d Of January no writes In tho Etatn |
Regisfe,, over his signature: When the facts
about tho groat mortgage "nfo presented, 1t will
10 rescue tho Cook County Dmk from ou6sr.
[assment (aud which. but for bad faith on tho
part Of othaIs. would hsve aucceodcd) lave beon !
aBei to ptecipitato its ausponstou, ~ woll ~ to
stsemp: to destroy my personal credit aud my
Naturally on this and Aliens vcrbal aasu.-
sncea, tho Stale Leader said, on The 29d Of Jnni-
.ry: "Tho mortgage mndo la4t November to
Allen' Stephens d Co., ot which the auovo III q
!opy ia tho instrument upun which Mr. Alien
raa to havo roeesved The an,ouns specified there
q. This help he never got, and, II ho had tho
Cock County Dsnk would not hAYo gone into
tQuldhtion. Mt. Allen stated to = reporter tha
noFn'og nc g that 70 never know ot tue intention Of
IL It caEne to him yesterday that tho Instrument
saa on flo in tho 1locordcr'a ollco."
Jan. 20, over hlH signature; "The much.
asked-of mortgage MAS intoadcd rs = private
lodge, expressing my willingness to mortgage
Ill my real property as security for future az
'anccs and ultimate balances. The uttor tlisrc-
Eard Of tt]s arrangement on their pnrt defeated
10 yory purpose for Which II wss executed"
; II my associates in thair mistaken zeal to
!laco this papor upon record, hayo induged In
10 delusion that ii was executed for any p,,r-
oso o. 'coycrug up Or Giving to holse of
tllcn. Stephens d Co. any priority ~ creditor
= the oyent Of my not being able to mees ny
bligations, then thoy bayo certainly mtsluter-
reted my puspoae In Its execution"
Fob. g.. as the meeting Of creditorn 1t Dos
golnest MF. Allen requested his nttoruey TO
,ako statement aud, III Alon'n presence, tbo
.wyes speaks OF What ho calls .'the ao-callod
'orsEage," Haying. IA claim has boon present.
for little lens than million OF dollars, and
mortgage spread upon tho records hero and
lssshers. clalma. TO haye boon ,executed for
lat amount. III. Allen has good aud log.i-
Ilto dcfenoe AgpipBs IT,"
Another Of hls lawyers said In the same moot
'g, but not In Allend prcso,,cs "Thete Is pond
y in tue Circuit Court Of tho United States q
III ia chaneery, illod 10 forecioso = mortgage !
Eon all bis real estate. aud covering = claim Of
DOL. 600. Ms. Allan claims that thers Ia not any
'hndAtton for any such claim" !" lIe regards it