, 1875-02-02
His Extended Business-O Opera.
tions in Iowa.
Ills necciFership OF Tho mississippi &
Missouri Railroad,
Mr.. AS Failure 10 Realize His Chica-
90 Expectations.
Suit to Forecloso a Mortgage on ali
His Iowa Property.

!sr+cEat Correspondence of Yhe Chtcaao tribune.
Iowa CtTY, jan. 23.-F'rat-ctaes aenpation
hconns to bo tho n.ost prominent newspaper lit
cra.iro at present. And this appears lixely to l,o
tho order until tho Tilton-i,sechcr scandal and
tho Louisiana quarrel arc ended and Congress
adjotrnE. 1t il only after Congress and tue
Bta.o LcgfHiatures haso adjourned that tic reo-
llo find cal relief aud breathe easy.
Ti,a ony sonsa:io1l IN Iowa of lata OF much
note ID the
MISFORTUNE OF NrL u. +. ALLEN.
formerly of thie stato. Mr. Allan was ,cshvdei
tic vcailicst man III Iowa, nnd / presume hucls
was tho fact. Ills wealth. however. waa mostly
III real property, mortgages, and stocEs.
There Ia nu NAL in Des atuluea to whom n unn-
cal miEtap will more seriously affect the icorlo
Ut that clever town, than Mr. A1!on. 1lla Whole
business c1roet has bceu thorr, and there lie
made Lin money, ntd all Of his burincan lntef-
esis cettoreI there. Iie HaB fortunate during
tue War III his encculations III Guvsrnn.an
vouchers, etc, For good m1ny years lIe haA /
beon in tho banking business, and las kindly |
carried many Des Ntoincs basinees- |
man oeer tho shoals, until to-day he |
iA esia to uwn, or liave mortgages on, largo |
Hbare Of tho property Of that city Titus 1t is
,atara! and proper TINT Des auiEes should feel
deep Interest in ,1r. Alou's financial sp!Ye.lcy,
growth ausi mstcria! prosperity Of Des Moiuos
aro largely duo 10 Tho
ENTERPRISE AID CAPITAL OF MI. ALLEN.
Churches, bridges, rai!roada, bauAs, B1d various
other b,isincts enterprises IT TINT town. are
largely the fruits II Aliens cash advances.
DcB AioincB In indebted 10 him more
than to any other man, il 1uoto wsys than
| u,,o, for tie uew Stato Capitol llo was Ill the
Senate when the lar was taAHcd authorizing 1t.
! MIR. Alien owns three Of THO fons Dea Mutaes
haukH, rid IL President OF the First National a.
Atlautiu. this btatc. beritleh bciug stakeholder
| in neycraI other National Banks over the 6snte.
Hence 1t ia that, while a1r. Allen has 1nrge pos
Hcsaiona, is carrying o good many Businessmen
apd enterprises, lie filttls his cash as:tt. H:l
a,1d LID renl cstate mortgages and Et"ch~,
rScuxyEnTintE ON slIuKT NOTICE,
For example, ho has s6o,0o0 iu one chnrcl'cdl-
flee in Dcs MoinoR llo had over S2o .0op IN lead
ing duity newspaper in tais state; bcrde+, Ae
| NJ n Ditcrtor oi tAe Chicago, 1loci lsluni K
Pacific Nnilroad, nnd NJ osse OF ith Executive
Committee, wan mainly instrumental II. the cnn-
atrnction of tue ludianola x "Mter6,t tralth
Of this road. mud in which enterprise ln is tald
to be largely iutereHtoa rce'1niar,'y.
l: will be remembered that tbe old Chicago "
H3ck IpIa,lt lalsruad Company "GoLtltl" our
t1sR1ss1rr1 2i7ssnrri nai..is'Ai.
| lit laCf This road WIS built from Davenport to
| lywa City, in part with loueF realized S'u,n tho
palo OF tic bu1ds Of tnwus a.:l c'llntios through
which it paHae1-rcarIIing tho hitter point Dec.
81, 1856. Etom Iowa Guy to the bhuui; jt!vcr,
ear Kellogg t',at'oH. tho road was Lulit with iH
| nwn rekorce6. earnings, etc. III l'ht tho
| mississippi Il Missouri Company abandoned its
rurpuHe to construct tho roa;l farther "lleG the
Rock lsland Co,npauy ftcppcl in. Md 1nade al
J ys,,ccs for its cuuHtluetlun from kelluEg 10
Der Muincs, taking tie bon'ls Of tho Misats;rn
& Missouri therefor. secured by decd Ut lrhsi:
which latlor point tho rs,ad .inai1y reached late
tth? la11 1pb m ii :
holding tho bonds ntld:r tho decd OF sr1Ht 1t
| MADE ANnASGEMEsra WITH TIE hroeNti"L''Ens
. OF tho 3liatlssippi 4 h:nsouri by which IL wn- tn
pey tlcIu III cents ou the dollar Tor the:r hiotS
: ANA u similar Arrangement with tlo Old boha-
.o .loIInr for tcir hnul4 When tho Mississippi
i siisrnuri reached Des Alpines tha lsuek
1slnrtl Company forocioaea its decd ot trust
f in tho Fetcr.i Court ard tho ROAD was
sold ur.ler tho docrco, -thu I.ucis 15la:lI beng
4 tho purchaser. Tie ID conts on tie dollar Wicl
to luck island had agreed to pay tho allss;h-
aiui IL Mnsonri Btocht.u.slcrt WAS attached by
!: Judgment. .crettors through 5ndse Grant. Of
, davenport. Whettupon, tie Fetleral Court
: Appo1sTEn Il. r. ALLEN RECEIVER,
r aud placed thcsc mohcys, the lG coisH, and Tug
II ceutB tor lilo olti bonds If tho atltsisrifri II
Missouri Company we'll, in lin ha.ds,-
: amounting to betwccn e7o3, 900 nut nol' uu0.
The arrangement which tlln lsock Island per.
fcvtcu with tho Stockholders, lhat they should
rcco.vo tho insignificant stlm If III ceu1h on lht
.loliar WIS riuie mainly through lta local nl ltos-
I, ueys along tho liue uf the road mud inelu led tu
| towns and counties which tuok stock fer thelE
bonaa
! FOR eotne Royon ycars.-from carly In 1867 to
!. 1874,-str Allen hcl this lasge Bnm IT money.
aud Ind tho 11so Of 1t ut a low rato of interest
i III tic meantime, thuac Who woro IN ccrhin wars
) connected with thu companles were pdstcd'
0 uud
r IMPROVED THE OPPORTUNITY TO RrI:cC1AV-.
Il An I'LL instance: IDis couuty lJoh1lsoa tool
f5u, ,taD stock III tito aiishlshiFp, Missouri Ruai
n IN, .j,, ft.~ lt.$ f1f HI
e Company; hence was q stockh9dcs, a,'sl 'sas en
: ttlod to tue 10 cents ou tla collar, %ll1cl
l. amounted to $4,000. which Mr. ALEU- held a. 10
10 ceiyor. This h'fn passed into tllo hauis Of tllt
tp,npany'a local attorneys, nutt OF which thl.
o county received nt'1r thousand dollars Ibt
i records protect this transaction. ~ ! presume
they do all otl!or similar oucB. do not insi1ln
ate oven, that MI A.'cu gave faf'oas pat4ie 4s
t ,lote wore auy u fat sakos il
:. bis hapip, which they ,nisht "uake
j. Hl1ike" fur; or that la should have given th'
rru1,er officials OF tho ooauty uoties TINT cor
q taiii Hl Ut n,uiluy ny in iIln aAns btlpnglE;
it. that it miglit DO placed 10 tho proper crot u
II in la7J, ~ understand. Mr. Allen paid over
u,o,l Tho order Ut tits Court. the amount Hhcl
originally cati1e lulp his hnIIds lussiE tue utter
est In arrears, This order was mado III 1ur
H1lanca Of compromise between tho ntGkl1s'lti
II PAID OVER THE INTEREST,
T. | which hal swollen tho priG Ginal suII to ncar
l. II, ,Dm,uU. .....
:. laigu grant Of land WAS undo to tho Alisaia
- eippi i blstuuri 1soa'J: through thu stato ~.
10 ibe Legislature dntltit1uca tim gfant III tn
1t Company. Precisely wlat WAS dons with a'
g tluse valuable lands. or iuto whose l,a,Ids IN"
10 foll, l an not fully adslsol. lio"oSsr, WIN
weIe left Of tlem Wien tho thlcaKo, Hue
- IsIapI l. paoina ltaltoah Company h.sreedci I
" tue sississlppu It Missouri noal ad its francll,f
10 on, wore royrAntod to the new Company hY tn
Legislature.
II u /, Allun has always
III srAup All0yE nErnoAcA
eA iu Iowa. as lna4, Ut tue highest integrity and
H. sc1upuluah tiolIesty. Ills b'HIncss orcrntlon
., hayo bcen regarded, IN tue uaiI'' az sound q
I'd though, YomothinE more than yaar aaEo, tlI
IN paper ct prominent Duasioanos n,'ec,ilatnf, T
III ts 4iuu,llt vi SiD 1u0, aud indorred BY. H.
q, Allen, was hawkcd upon tue iuuskst BY III
IN | maker At au p4t1AyagRut discount ILLS tTant
or action ca.u to tho knowledge VI SOM IL"
ai bankera who kept tileir accounts with Tho ttno
It. County National. They thought tie tranBhct!o