, 1875-01-28

fhlt ehtnrlG III Ills HblltL3, "'haA Hcs @'"'N' =
anybody Anything. ,...
Mr. Aiton's "atatcn,ont" consiats OF three /
,art. 1te acc,,Bca Mr.. D. o. Spencer, OF whom t
llo bought tho hank. of .... |,
MISUNDERSTANDING TIE cosntTtoN
of ita Affairs, and of having rc!uacA 10 live up ~
Ills guarantee, to mako good his hlaEo ot the
doprocintion Of its paper. f1o charges that his
rnrtnpts in tho New York house OF Allen'
stcphous Il Co. "lail down on him, IN tho
phrase Of tho street; thoT refused to honor hia
draft, although shoy lad nmrlo funds Of ilas IN
tbnjs uosscssiou, and airnoa a direct blow at Lila
eolycpcy a,,.l Integrity by their publication Of tho
| $4G5 900 mortgage.
| liza concludes with IN ASSURANCE Tint all lis
nro,,orty will be duyuted to the payment OF his
dett,-that It will bs ample, and thas ne VIII
able s,Y tho decision Of his creditors IT they will
meet and decide upon tho course ho At'ould pur-
| BIO.
| In order to nscertain
Mit. spsscEn's VERSION
Of tho fact which Atr. Alien gives. that gehtlc-
man was visited in lis elegant quarters IN tho
State Savings 1nRtitusion. Slr* Spencer
ridiculcs Mr., Aliens statement that
Tho assosB Of tho bank woro "fnost-
", in notes executed by Chicago partlcs
of whom knew little, and sccrrel If at all Upon
,,ronerty the value Of which ! know loss" ar.
hon was at tho time Of hiu purohaso-aiay, 1873 |
running thrco banks In Des h1otnos aud ono IN |
New York. I1e was bankor Of nearly twenty |
yoars' standing, aud Of such suceosH that 1e "as
! estimated 10 10 wortl, apywhero from ono to
: tbrco millions OF dollars. All tho BOOKS anu
papers Of tho Cook County Bank werc open TO
lin examination. 1Io considered tts condition SO
rood that ho not only paid par for Tho 2,o5o
aharea he bought. but 10 per cent boBidep. Ills
Il to bo supposed that banker of hls oxpori-
cucc, slrewtncss, and SUCCESS could have boon
r induced In pay s,1eh sim for no Worthless
property ?" asks Ntr. spencer. .r
. ''l5ut Mr.. Spencer, did you, rs Ar. AAon Fa5e'
rrf,Hu to rive either your
:. ADVICE on AssENT
/ when Mr. Allen sought tn coinpromso some i, Or
> tlo bsa debts which came to him With Tue
e save" replied Mfr. Spencer, ~ haa given ny
. e,arant CO to indemnify him for 2G55o0ts OF the
r. losses by bad papor. Every buBinosb man Knows
= couId not he asked to rcnder myself liable i!
IL fui by aIyisiug or nasentng in such mattorH Ii
It Mr.. Alien. lost he could havo recourse 10 my
:. guarantee" IL.
rs rs final compromises with you for sl2ot0 was at
/. great loss to hi1self2' ,......u-
u tluced tho n,,,,,,,.,,u
al to conproinso. It gave the nanich anu amount ~
~ ~ OF each poce of bad papes in january 1874: lle
u. total s1y G2 lls share Of lo l9ss %as
.sS'lA ~ $50, din I,,oLa which AFR.
~ that anpeafeu .l'ot tAu ~, na'No t4.,1 H.,
~ ~ Epehcer Wah lhDio. LUIS "ae nscs.. = - Il
~ 1871 for $f2 00O. ''Ihcse aro tho !Gures' sasu
IL Mr. Se1Icer Hotl Which Mr. Allen AHfeed to tao
v. 11 mn in f anttlemcut OF all his claims against
" " | .t"T 1 49,
Us Mc: - ,.,,.x t,.,ou trr gporcrr like
r. "bnt your ntos4el .'n. .~"' ~ ~: =: na,nt ~,
w another lrcB1acnt 3ou @te ehllou ~ ~soo" "N
US nj, In ,fra s1nii IND in MrceubackB for the
,,nrt,icya To- Nav Ynrk drafts Of Il real estate or,
att ,sasm
Aos efatot ,,;,d tn oanuttrd In 1,al ,
u ~. ote"IIo. I' E.an 1owa hantern hnl hrptl.
/, bf0thcr-!n-la* EFtH Aon.t pAi'Ao." 1 H.. i., 49,
:al tho amncrtnr moral He,lso OF its peop
eit ! I,ni5u n hankcr rpBroilsiblc for tho Nils
eeu . .na. - n hrnthcr-!r-luw i'll tho olnplo
ten tshes ~ "uI.asi1na su1 Mr. Hnrpcor II th
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