, 1875-04-30
3. F. ALLEN.
Another Chapter Of tho Grcnt FL
nnncicr's History.
How tho Purchase Of tho Cook County Bnnk
Helped Him to Work Out
Roceivership.
Why Judge Trrlmnusl md Mr. Dobblns
Woro Dropped from, tho Board
Of Directors.

written, and Tho following facts aliough mol rcs
hare never before bccn mAdo public. II IL, perhaps,
needless TO remark that the 1ao President Of tho Cook
County National Bank 1lns not Furnished the loeu.
ents from which this story ii constructed, except In
an Indirect niannsr. and wtthnns Lis knowledge or
consent.
An article In TIM Tn1nvsE, Jan % 1ns, refers 10 A.
lens relations - Receiver Of Tic ssissppA afstou-
II River Railroad, but tho main rart Of tho story Ia
not told. II hrrears that long ago ID cary In 1871
Allen held lu trust rs Receiver for tho above road
sotnnnhere In tho nc!ghboihoo Of s1oo07. 1Io really
hal this before TINT tict and II wns supposed 10 DO
Invested in bonds an. tho interests Of TINT road
fully guarded by fta 1tecelEcr but Fesy thu fnnis
wtrc gonc, having been spoute ID Now iora 10 tnako
up pttur khorts.
IN tho spring Of 1873 he sorey pressed 10 settle
this Receiver matter, and funds must bo Lad from
some source. suggestion NH nado TO Allen by John
F. Tacy, President Of the Hook bland Road, that ho
tlen) should buy tho Cook County Dank {Altsn Il tho
authority for this ststement 4nl Alien rushed Into It,
1lc gtvos 40 tho aln for s puEchnse-I 1uoto
hts ow, words: "Thnt It will helr mo 10 work out
The Receiver matter" lie also stated that by tho aid
Of tho amnk 10 expected 10 materially help hnaolf
Savings uank and tho twu to work ogethvr. uy
leaning on tho two hanks ho e1Eectci 70 Mahs some
of hts worthless AHaets ayalabe and bo abio to get
p1onE." -
All This time he was being urged to settle Tho Reeeiy-
srshpof tho s1tsttsiprl Missouri Iussr Railroad,
ofcA LUIGI sHPE1?tA ~ w ~ A1utA6s
N" aa is1sss' sn ..ssasy. esa Tic Rey
w eet e l. aa aSont iso NIL 5 Is @ hs
~ to he s n oe w
following.
On the 24th OF Juno 1879, .hs enrtsal Of tic Cook
si2oo0 70 S7so 900, After h!s Increase Of capl.a
voted u which Allen wan 70 ate BIZ proporion, tho
reduced TO 3'o0.00 No mouoy was returned 10 The
other sockho1,orD who had taken their proportion 1t
The nav stock, but Mr. Allen was prompt 10 turn in his
somo issa.tafaetion existed among tbs Directors at
ono time. ewing to tho peculiar manner tn which TIC
iion. Lyman Trainbuii. WHO ,' wss ti1, ~ a
Director, oppressed dcsru that, tho concern
tho supervision Of Committee Of Directors, and Mr.
Dobbns, another Director. also urgent That this
VIE wns ee M u 4 Elm o ea a. no
sent to- And At tho ncit cloction 10th Of fse gentle
n.tn we're droppca out Of tho Board. lii: Dobbins
shown by OF tho bank clorks Acns check for tho
amount q bis Alen3 noef, which wan being carried
1871, which VIVA piblisllel In Tnr TarnUxE Jan. 2o
1916 gives as ono tom In the asscts ss4 ol iu legal
tenders, Willis At this limo tho Tank actually had only
enco s ae Il l. .sia Nisn cef XIX tor sa,s
waa at this time included among lie legai.te,,derr
Now, few figures Hy bo read that will provo Of In
Alon paid this Receiver fund after ho Rot
possession Of tho Cook County Baak q total
of-w.ith some jntcrcst. st....,.,.......x Il mi. mn
uo bounht hank stock, for which hc raI
pyc1nium ta1uount UNKNOWN rs1 yallo.,.. 27HOOo
4 total. say, a O75. 900
When tho Cook County Dank closed le
owed 81 100 mo
In the bantr1lrcy suit in Iowa hr swears l1o owes
tbs Cook County Bank t914OoO: but The amount II
nctuatiJ sl,lGU0Do,
Does not this look very much like pak!pR ono hand
wash tho othcr7 or making the Coax Coilnty D.n;
coyor real OF apparent INSTRUMENTATION oY tI,a
trust-fnnds Of tho mississippi L Missouri Railroad
that hal been used up II col!atetals In Now Yorkf
After the crest fra no garnhcd In stocks on Wall
street, and hia loeaes were simply enormous. This
.!as followed by srcculationa nearer homo. 1t Is said
that lie WAS tho backbone Of jack B.urges grain cor
9cr AMI tAa he was IN another venture Of the samo
description In which his lobbes aggregated neayly half
nill!on.
Then epInes e. The Canada southeEn Railroad, whore
he sunk SO ON,-Ana thcso honls he nato 1esperate
succcaa.
Quo other matter may bG referred to- and then hlr.
Allen may bo dropped for time, hut tito nlnss Of CYL
dencc from which hess te1na wcro gathered Is not by
Eny means exhausted. Tlerb Ia enough Of 1t 10 ft
ThkDusE. In Tho matter OF tho nso honcs 0aa Com,
[an5 bondS there "a want Of consistency IN atE. Al
seres Of bonds dated Nov i, 1S;3 ard slaIup In tho
H. ~ @ 6 1ue o. @ s
destroyed Ms. Allen wss President ct the Gas Company