, 1875-05-29

6. Every day from Tho Int Of October, 1874,
Allan. Stepeua i Co. advanced from $4,000 to
*s9 's & 3ss:. eSssx.s sSss s ~ ths 10
Cook County. Dank princinsly n tls First
National aud American Exchange Dauks Of New
York. .-.-.. ,.
to *4i0to0o. Allen, Stophens Co. requested
Allen to provide security Of a satisfactory char
Acter.
i. Alien. in hls gratitude IN desire for taeuse
hcip, gladly nada tho mortgage Of his real CO.
tato.
This IL ............. ......
THE aKELE, on n A1LEx's c1oazr
which t,aTo voutnrcd to artlcitste, and. In tta
naked simplicity, It demonstrates two very tm-
portant facts:
~ That Allen was, AZ cvents haro since con-
clu.ively proved. \ hopeless and desperate
bankrupt rhbn he made the mortgage; and
.(9) That 1t was bona-fdo mortgage. not "t5
himself" but to the firm which advanced hIa
bank 5000, 900 before tho inevitable crash Rh1ch
oyorwhe1med him iu ruin.
FLOuNDERINC INA SEA OF TROUBLES.
DEs HOMES OPERATION.
On or about The 2lat Of November. Allen had
returned to Chicago. aud thero discounted aomo
uotos Of ono Shies!cr, Des Moines pork.packer,
Shissler Garo bin $4,000 worth Of absolutely
valuoleas paper to soil. Upon that paper Alien
Advanccd shieslor $4,000, and then. In accord
anco With hia usual simple policy, put all the
Lotes In tho market in bis o"a behalf.
srDs1D1zEp NEwsFApEns.
On the 21et OF Norsmber Allsn makes note
OF f>ho1linE chattol mortgage on ths Chicago
Inter Ocean.
A. this point 1t ia worth wle calling attention
to PREVIOUS memorandum mads by Allen In
which llo speaks OF controlling tbs Iotca Stale
Register through personal note, Wills tho
Iotca Leader ras mor.gaged to ths HaHh-Eya
INSURANCE Company. OF which he was Treasurer.
AN ASTONISHING OPERATION.
No now como to Aliens own record Of one OF
tbs most astonishing Of hia financial operations.
On the 2Sth OF October, 1874, a Nattoual Bauk
about to b established in Con.tantino. Mich.
pus Ia Allsn's hands over s}3 O0o. with which
sum b mas dealrod to purchaso tho usuat lov-
srslment boudu 70 oo depoAltad ~ security iu
Washington.
Instead, however, Of carrying out tho in.
strnetlon. Of tho lueklc.. Mschiga Allen,
~ matter Of course, promptly nBsd tho money
In h!s own behalf, aud was equally as natter
Of coarse. quite unable to moot tho demand for
On Nov. 2G Aliens journal contains an inter-
esting allusion 10 shs pertinscity Of the men Of
Constantine. Ho further says about his over,
drxtta:
"rhese drafts make. mo almost sick erssy
timo see ems Of tleM."
On tho satns date his diary is enriched With
another ttibut8 to
TIE sToLlp INDIFFERENCE Or nouxn:
"Tha fact ~, Eowou has no resoalce4; II he
i: aosns place wl.srs he has gut 10 frlcuas, aud
WAcrs Ho hare to nay very Huon."
Soma time before In hopea Of getting 1t tho
deposlts Of tho NsN York Sste Loan aud Trust
leot sna cba"aeoy VIZ i; Bo"o" s vice Ts Ffesi es
dent, Alien had bought 500, 900 worth Of Stock
Dat jus. precisely ~ in the o'so Of tho State
Savings Bank Of Chicago, Witch ne hopsi to con-
tsoL 70 Haa 1t with tho Nav York State Loan
aud Tlust Company. Tho Directors viened him
askauce. and declined very respectfully to ac-
commodate him to tn. e1tont which ho desie ed
His journal thus bitterly nakes tefoEenco to
the institution which was proof against hin in
seusion to materially helP hinaolf":
II am very much disappointed by ths course
takcn by tho Trust Company. EnJshs naYa his
COMMITTEES has put 1t out Of his power TO keep
hia agroenent With mo. Datcock teen,s TO DO
s.ock. could uss t20o,ooO cash more oi oto
Trust Company"
70 tbia refreshing outcome OF Al!sn's "t "trus
iuwatahess," only two notes used to he up
pended.
"Eabcock, tls main trouble" wns Ssnuo! y.
Babcock, lately elected President Ut tho Sew
Yak Chamber of Commerce asainht Geo!gc 0p.
dyke.
''ll.milton " r.s u seutIaman OF sua,use.
Omn,
Ou the 10th Of Sorembcr, our Allen,
cuAhIiHt ALONG THE aHohEs or lNsoLyEacr,
discovers that Ao ID making prodEious leonAY to
lls notes with ecstacs that "next ucsk l .l,afi
get INF Government depasIt In tEa Hla.o Ut.lK
De, aiulues). 1h* Ee''sio" check silI ht!u ne
4G9,Go8,
On tho eth noreu has ssaiD Incurred his
auEuat dIspcabute, and. in consequence tho
ourua thus stgult!cantly si!ldss to tbs duplex
flco-Fressdens:
II tase nn friondah,p for Do.en."
On tia AHA OF November. Alon wakes almost
lacAtJuloae. aud bittoEy c0np1alus OF tue fAIluEs
u A.s understanding NTH smytho." Tue con-
c'usIun 1t which 10 arrives touching tbs Trust
COMPANY IL 4 tn0Hlant0ns 0ne:
''un.ess cat, vet !abcook out, l eaunot de-
Tacn hs goes ou In his frank and rimplo nay,
to explain how lo intended to dur,rs al4 aud
comio!t from tho Trust colnosuy,
With tho Company unaer my cnntrol.
arc sa'0.0Oo uoreinsnonts aud 500, Jul Chirszo
certificates and other things hal J could use 70
dIrHnf19e."
Ii ILL., ILL Skies bad only delgusd thus f.mil.
Of l'.s " crao4a," what ! lot Of bother and mis-.
understanding hl4 cnndor would AATs sAYtd,
Gu tho sAtne tlai0
TUE uELuDxu o1TIzEsa or coNaEAaIlHx
detnito shout tue uoysrntaont bonl4 tlsy h.I
instructed Mr. u. +, Altnu to pnrchA1o for tAem
nolrtr month mev,u..Aly. Tie veraolouu auto.
biography ~ which am drawing has th,s to say
about the eConHtaut1nopolitans;
"Ihe Constantine Uapk folks are here to-day
| about thsr bonds. ! haYo given t4au, sttis.
factory excuse for dn!hy, but thoy could not 10
put Oh aga.n. ! must IN souao way hayo tAoha
bonds sout to Washington without further Dc.
lsy."
ANOTHER p41NFpL nEYLkctIon
| IL ttist
"Ws nsed now place for dlacounts--our old
ones socm 10 ho setting tirod Of u.s."
Next aay tho necessity for Appoasinx the
anxiety OF !ho "Constauuno l5Ank folks soonlell
to smart still moro aoray in she pous consclsnco
Of l.. +. Allen. Abiding to tho .uquisiug rus
tIca, his journsl hha thiS:
- eau give no excnso for further delay and
unlenA can uaanaKs to nenl tho bonds By Tues,
day. shall haev trouble on ny Aa,xis. / had to
tTomlso that thu bonds uon!l 20 certain by
Tuesday. / kid tas Name 10 ia tSrs. Nui, anal
!ysto iork, Jor not o.tytn7 my i,.struc,ion5.
They ,wers. natlst!ed, but thls aon't last over
Tuesday"
On tho 3oth Of November Tho psessuro ba.
comes irresistible, aud Allo1s sayA
/ 7 fUr