, 1876-11-14
"BOSSn y SHEPHERD.
Hin Financial 1snl,nrrassmcnts.

Cbryxsloa ah<nce .Stto Fri .Smn.
WARRINGTON. u. e., Sny. 10.-The announce
ment Of A. X. alsepl,crl's financial en,arsass-
incns was not unexpected, hut was looked for
daily For months past Ills paper hsE t'cen oh
the strccta and offered at remarkably low DIS
count. Al tic mectn, u lIs creditors lust
hlsit, tlp class Of men called tngetter wen
principally t,oao associated with him In h!s
infringement u The District w1IIc President ot
the Donr,l uf Public Works and Governor, md
who received from lll,n many layors. Slicj,-
herds rarccr rs a real estate spccuatar Is well
KNOWN. On July I, 1871, When he nss,tcd tho
Office Of member Of tie board Of Public Works,
Ills property Sus fa'rly assessed nj *a7j 0i9, anl
tils was bllrtlcnea by decds vi trust u the
amount Of s2'0,0l9!.sO. This, therefore. mauc
Him worth as that period sn55599, provided lis
property was mt forced into the market, In
On Oct. !, ls7a, after he hail neglected Ills trt-
vaiC affairs fur the public good for twenty.righ
months, n low assessment Ut bis property
showed q value Of SI5l,of8, which Was covered
iii ,,et value of sl36, ,uo i. rxcrss u lecs!s
Of trust, nIli sil0,4;tI III cxccss Of balance oi,
July ]. 1Stf. To this must be alded dectls ri
trust llftet1 within this tine 10 the amount nt
Will ,r found to have l'ecn rlcarcd within 4
period In which there were no bona lille profta-
bic sales OF real estate; 70 he must have ciearel
this amount iron, his Ealary Of s,,5GD per nm
num-. III Ind h',!it In THIS time 7alaec custtng
$1ll0ot anil furnished Il at Il Gust oi fully sGO,
ooo mil lHs cntestai'acl royallv.
Large rs SEcElcr,l's resources wcrc, his
scliu.nrs would always exceed them. nlltl kept
Him IN hot watcr The richer lie go.. Before the
Tint l,s fortune depended upon ii. In Octt-
l,sr, 18Th! after thu fnilurc of tllr Cookies, he
was known to have becu between ssu,DuD nn,l
s1D,0D behind in his nccoHnt Mt the National
Metropolitan Bank, Of WHICH lie wns Director.
Morton, HlIss Il Co. ut New ioTi;. lic!uaned
sa35, ,001 on them. nlMt placed turn, together
with another loan of at1ooJ, to his Individual
ACCOUNT as Governor IN this bank, aud checked
Comptroller, and Treasurer Of tic District l,y
this and snnlar operations lie brllsrI uycr Ills
difficulties at that time.
Anothcr crisis came when he expected St,
Coz, GD Of appropriations for the District in the
spring III 1871, anil having failed IN this the
most serious consequences were anticipated.
I THIS again was titlci! over by The District Com.
,nisssoliers anil l,uarl nf Audit constituting tho
District 3.lH bo,ds. In Febr,nry, 1871 tlu
eecnnd harvest was etoppcd by Congress pro.
| hlb!ttng further fssuca under hcary penalties,
aild Shepherd ltas ssnartetl from tile collse-
! qucnccs Of tllis Legislation, ever slnrc,
Shepherd l,us butt IN Ill during the last six
years nl,ont ono hundred aud l|fty-nnc HOUSES
IN Washington, aud rot Ilflccn hundred ns
rlafmcl. Most Df thrtn gre cheap tenelnrht
l.onscs, which were dispoeed Of to contractors
in the bright days ef thc Hing government
ut double the prizes they *tre worth. 1t Is
openly stated tlnt Ills property will not cover
Ills liabilities, md tho (aet ot lis com!lg out ms
lie has null announcing Ills condition Bhows tint
| his rase II dcsucrntc.
| II is asserted on good authority that Shepherd
fears proceedings, wl!cl, have been oi,enl,
threatened by certain contractors, who nilege