, 1875-06-14

H1o o1lEe " N0taTf IN an AJj jtcGHt asTett. and
there: in tho prescncc Of third rastes, ackuowl-
edged that ho exccnted that panor as q mort
gage; and Tho Official certificate Ii attached that
70 Acknowledged that ho executed tho ssme
TOT tue purpose sherefn mentioned"
paper being . mortgage. whet, tic limo comes,
tho proof OF this will 6o overwhelming.
Did hs get the advances7 It was asserted
that, II be bad received them. tho Cook County
Tor that. Let US try the document again: ~
hereby acknowledge tho receipt of <aG5, ,4TG8Y
Of advances % the Cook County Naiion.t Bauk
81 chicsgo. for my account" All signed, sealed.
Do you think he did not know3 Tho day that
document Yas executed. We had adyaucotl tust
eie5. 47G.aal 4hd he know it, aud acknowledged
1t ,n that paper: and Intended 70 acknowledge it:
advanced eo5s.0oo aboyo ali repayment; and ~,
whcn men pay monoy aud taEo vouchers, they
are able to furnish 'rfofrngab|o proof OF lgurea,
so t!r. ro ato hitna:cd. All the idea Of naarp
pfactlee mast vanish. Tho poor peoplo Of lowa,
ruiued bJ ALIENS bankruptcy, cause t,s real sor-
row. He Ae In GO way tue cause OF thoir suffer-
Ing. Money wa4 actuhily advanced upon this
mortgage; but, instead Of being applied to set
t!o tho just dohts Of the bankor, the deposlsa
which were tho e1posrions Of personal coutl-
dence In Allop's houpE+ 1t was used by him to
Huppost the losscs OF hia gambling IL, Sratn-cur-
nc1a aud ssock-specuta3inn, not one Of which
were Enown to Us until aftcst failed.
When Tho Bank Examiner t5ok charge Of tho
Cook County National Dnnk after liz failure, ils
found tta nccounts III confusion lle found our
account upon its books incorrectly keut, and ia
catne 70 New York to compare nnd unrasel. Wo
gave him the ftllicat dotalla and With patience
and acntones5 that speak b,gh1y Of htH talent, ho
wcut from bauk to bank, aud traced trauesctio.,
after Transaction. and finally returned to uR nnl
said 4" have traced oycry dollar. I lind you
hare ted tho truth. f'na that the Cook County
paid for 1t; aud must pay you the compliment
that. whereas came hero With = mind strongly
prcjudlced aga,nst you by Allen, find you to
haTo bcen tho mon injured. l shall tel this 10
oil who bare tho Fish. to know"
THIRD.
When. sftor tho fa,Iuro on tho 10TH, B, r,
Allen left Chicago on tho morning or tho Goth
Of January for Dos Molnea lie kneu tla. that
mortgage MAS rccotdod III Chicago on tho l9;l1.
Ho knew 1ho bad it for record and he oxrec.ol
that that person was on his way to Dos Ioincs
to record it there. 1le kucw no (Alen) had ro-
coivod the monoy on It, even beyond tho agree-
mont; mud ho kpew that tho Cook County Dank
Ind not failed because Of auy arrangement mado
lie know On Saturday, the 18th, that thu
hGaira OF tic Cook County Bank thtentcnol
dissolution; and ho called others Into cousulta-
ton and had Legal counsel. Amongst othor
things that he called attention to was this worry
mortaage, aud tho fact that il would bo ro-
corded. He produced copy Of it. lo desired
to anticipate it bY tho coiyayauce Of hiY house
in Chicago. aud by declaration Of trust IA to
othos Chicago property; snd ho did anticipate
busIncsn day (londay. the 1stn).
When hc arrived at Des MoinoB. on tho 21at of
January, at o'clock tn tho morniuG, II ehad no
settled plan OF action NTH uhicl, to meet bis
creditors there. lis was d,iftsg ho Ind rushed
thoro because 1t seemed to giso lin biz son.o s Vol.
eomo,-'ts kilograms were flicnlly and cordial.
Dut when tue city en- masse turned out to meet
him at thht unreasonable hour when tho Mayor
Of tho city led the way, arm in arm with Allen
when ovorv volce trembled With sympathy, and
every. exptesnou was that Of confidence aud
support. Il wss moro than Allen had dared 10
hopo. This man knew how far no Was ruined;
knew What ho hAd takcn from tho Cook County
lad aon0; yet llopo revived TINT ho could still
carry on tho nppea1 anoo Of man OF wealth. :
The most Eonefous c1psosslond ueso uttescd,
Dos Moinos Mon Of substance SAID: !" Al! have
Is, for xaln Oh Frank Allen's aoclr,tEu4"
Another: My place Ia for sale to Anv ono
Tho can pay for 1t In certificates Of dsposlt IN
D. +. Allen"
Another: Mr. Alien Is good enough security
for mo now, "a le has been ever since haze
been In bueneGa IN Dos Mo.nos"
Others cashel hia certificates Of depoglk. It
was printed:
oyer half million uf capital represented by the
rartona psetens and as one q the most solid anons
II necessary bc put up backing for Frank Aleu-
A prominent baihinesa entered tho bank Well,
"; Allen, youn con,o iaek to Dea Molnes to lyr
Eho rs:t. Mall give you olr notes, and, when thuy
come duo, II Nc can't pay them, NO will aad the IN
Etrest right OH and give Joa oshass."
Those uttorancos deaosye honor; tboy aro no.
bic; aud for auch friends man might bo WILL
n3 to die. A'lau knew that tt ali was foundetl
N tho faith Which one OF thom expressed: II
An. ent'rely satisfied With Mr, ALIENS so!yency
aud intogrity"; and bo know that both uo}yoncy
and tHkArritv buf ira
beltcve Nat might bo hidden. We do not wish |
% copvey the impression that he was far.sght-
Vi min.
TAove utseranoos were not cold when tho uems
,stass to his Nov York partners began to beciEcu.
ated. Tbs records showed It, Mon did not kuoT
!hat to think. 1t stared some Of hls speeches 10 |
10 faee; u struck 1t both his so1vetioy and his |
ntesEity. Some said "Hayc sou heard? lilo
'aa ;n9rtgaged his property to his own tirru. Is
all right I" Others, "Ifo has borrowed money
III Ills real estate. What has he left I"
Tq appeasa both, ho had 10 say. He had not
ao1tgaged hts property; and. lie had. but had
lot got tin money TO scsmcd to acknowledge IL
he paper,-it WAS void
Why. then, was It recorded?
His partners had Ma1o mistake; ho bad no
lea ia they would record Il; Il wv : myth. No
~ss'a sss made "aEa Gill; 0s
And thou he sent to tis kilograms Of entreaty,
egglug Ill to reply immediately; aad that. II
akeu ofl tho records ho could 30 right ou with
In banking at Des Mcines.
% tlmo. Tho curious asked Questions; their
God will was the breath Of his uustrils, and thoy
aust hayo SHOW Of ready anawer. boon Ill that
~ aaw 70 h!m was "Fonged man; il hts Now
allcd for, the Cook County Uank would Iaye
eeu sayod! Then be went to tho public records.
nd cancelled the mortgage lie lad made on bib
ropesty, and could now say, .'1t IL all right"