The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1876-02-24

of the officers of as avings bank who
would loan the poor's money on such
stuff?
Another characteristic customer APP
pears in the person of l.. L. Crounse, at
that time Washington correspondent OF
the New York Times, and shining light
in the Young Mems Christian Associa-
ton; since converted into one of Mr., A..
r. Shepherds most enterPrising wood
pavement contractors. Exposed by Grace
Greenwood for using the columns of his
paper in the interest of the Washington
ring.
l.. L. Crounse, May 10, 1872; interest
paid to December 26, 1878; now due 81,
500. January q, 1874; on notes indorsed
by his partner for $263.3S each, S526.16
due,
Two of the largest borrowers are Col
j. V, w. Vanderburg, favorite con-
tractor of A. r. Shepherd, and Col, r. |,
Fleming, a builder, and protege of Gen.
q. 0. Howard. The bank will lose heavily
by both these men, Notwithstanding one
of hem is said to have been indorsed by
Shepherd himself They were borrow
ers to nearly half million.
Here is another Of those scandalous
loans to Hallett Kilbourn; March l, 1868;
on note of the National Junction Rail
road Company, H, Kilbourn, president,
$4,000. Part due; nointerest paid. This
National Junction Rail Company was
simply fraud. 1t never had anything
more than paper existence.
The Douglass family comes in here :
Frederick Douglass, Jr., May %, 1873
SAG; Lewis II. Douglass, June 8, 1873
SILL; Frederick Douglass, Jr., June Is,
1873, $685. Frederick Douglass, Jr., June
30, 1878, S3l5; Frederick Douglass, Jr,
Jnly II, 1873, $l94, The Douglass family
seem to have had large number of i'm
proved bills against the Territorial Gov
ernment. May we not find in this the
secret of Mr., Frederick Douglass Sr.,
applying the whitewash brush to Mr..
Shepherd and his Board of Public
Works. May it not have had something
to do with his extreme modesty in not
giAing us the names Of that "vile ring"
he has several times alluded to?
William ]. Purman, great friend of the
colored man, got $S025 on Florida 7 per
cent. bonds. That was the last of it.
j. w. Hayden, superintendent of the
Seneca Stone Company, note for $1,000,
secured by stock of the Seneca Sand
stone Com pany, worthless.
General o. 0. Howard was, as usual, in
want of money for church purposes, and
gave his note, dated May 10, 1878, and
got $500. Mr.. P. Drew young Christian,
gets S4O0 on his note indOrsed by Gen.
o. 0. Howard, vice president, and Henry
D. Cooke, treasurer Young Mems Chris
ii II Association, loan on the lots and inn
provements, $4,000. This is the loan
about which a lawsuit is now pending.
Crounse and other shining lights of the
association are trying to avoid payment
by setting up the plea that the deed of
trust was improperly drawn,
More rings: John 0. Evans, July 26,
1873, $4,000 on account of that clever ac-
countant, James A. Magruder, Shep-
herds treasurer of the Board of Public
Works. William 0. Huntington, on 20
shares American Seal Lock Company,
(wJrthless,) S3,600 D. c. Forney IRE
Gently converted to the third term, 49,
$50 on what was pleasantly enough term
ed improved real estate.
T. Roessle & Son, keepers of the Ar
lington Hotel, favor the bank with their
custom to the amount Of $4,000: chatte
on the furniture and fixtures of
the hotel. This queer loan was effected, !
it is said, through the persuasive inAu-
enCe of an officer of the bank
THE WORST LOAN OF THEM ALL
The worst loan of them all is S2S,OOO
to the Washington Ring Club, j. g. Ber-
ret, president. This concern bore the
same relation to Shepherds Board of
Public Works that the Americus Club
once did to Tweed and the New York
ring. 1t was organized for the very
worst Of pvrposes-that Of debouching
and getting them to vote
for the ring to squander;
md it has serve them. Many a mem
Der of Congress has lost both his reputa-
ion and his money in that club. The
stories of the downfall of Senator Pat
erson, of New Hampshire, of General
Morgan l.. Smith, and poor Dick Har-
'ingtOn, the safe burglar, are written all
,ver that club. 1t was in one of the par
ors of that club that the safe burglary,
With all its hideousness, was concocted.
Frederick A. Sawyer could, if he would,
ell us the true story of that dark plot.
Cor nearly three years this club, as it is
allied, has been little else than a gam
Dling house Of questionable reputation.
there is report current that John
has purchased it, has paid
IF its Indebtedness to the Freedman's
Bank, and will introduce some much
Ieeded reforms into its management.
Here is where that great Christian
tatesman from bleeding Kansas, Old
'om, let his light fall. l have known
I'D Pom good many years, and he was
lWays in need of money: Central
Branch Tnion Pacigc Railroad Company,
alance of their note, Sl75,000, August
7, 1871, secured by contract of sale of
ortions of the Kickapoo reserve lands,
Kansas; bond of A. D. Barnes, r. NJ.
'omeroy, and L. H. Nichols-interest
aid to December l2, 1872; last payment
II account made May 8, 1873, $500.
Lands are sold on one to two years
redit. about 100000 acres.) Balance due
There is something very
Mysterious about this loan. That there
5 an interesting story connecte NTH it,
10 one at all acquainted with that vene-
able old sinner, Pomeroy, doubts.
If the reader will carefully scan over
he names l have given above, he will
ee that the men who first began 10 rob
his bank kept on to the very end. He
will see, also, how completely the rings
have described held it in teeir grasp
rom frs, to last. And yet the finger Of
lstice has not touched one of them.
TJTTPHA an pTNpHR AOR