, 1877-09-03
SPENCERIANA.
Aow Much Was Stolen from the
State Savings7
solue Historical Gossip Concerning the
Cook County.
w,nt Did the Robbcr Do with the Money
Tic Stole


WJnt Did the KOhDer D0 Will the Money
"''' uo Sto,c1
Ao '@"'o'
.,.,,,.t,1. 3o mi, M rct ,xtth onv 1corce
vs. ..s ,,,a a,,,a,,', ,rt,,,,v .t,,io, froro
81 certainty NV ,."o'' ~" , "e.'""s e.e" .',. n
,he State Savings VI Mf' Spencer. a thorough
..aminasion nj tho books will llrst havc to be
,,,Je 10 fud out low m,sch was lost through
ms"s .I.,,,,,rv,r,,u+ -thro,,r1 rc,tlr.s 1onus
bis '''s"A a.,.t.t.. ~ .,,.., f., .x,,a, -.
on Worthless seeutl.ics,| eAe,. ~ o'utf ~
arrive nj the sum Which no Himself nus roek-
.tet, % II Is only possible at present to figure In
"e a.1 roupl wny. The amount due dcposltors
,nn.o ~, II i. ,,n, ,ilr,y taking Nm rosIcat
Bs"'.v"'v,. 80 ~. ., eooo o..n ,s,,t an T." ~,
view oi H. Inn no'e .nan f,o''V1o WV w W..
]cctcd from tho assets towards tic payment OF
,Ao hanks debts. This will show that $2,0SO,-
me ~, - n,,ncv mid IN he ,1cno.ftors hns r,nc.
W. ol ",y"5 ,,,.. ~ a,1,o1 ~ .,,,,,nn ~ Nv
and 10 t.As '''ust w o..Heo' ae ~ e"o"i"k Wv ~
tent Of spenecFs elca'ines or sqnanlertnes' lne
amount OF capital stock actually paid In.
rIt. tsst Item rnn lart1ly bn deter
'm' u 10 +, n,t ,hn .tot,,r.,t,
mincu' ~ w .sn, ~,
that the amount q nnhl'un Stock was x'F0,!uo:
TWAS certainly ssiu'oM. Mhen Lne noaru OF
Directors aecI'cs.: ~ & &d5't 70 ,nerea6c INC zap
itat stock from Slul,Nu i, 70 *5ooU0o, tlesc Wae
Ut hand surplus et sto'MV. IN a'i9i'nH tno
new ssock !. W. @ Mce'afst inas e gae.l petsom
OF old stoeI; was entitled to about I'VE OF t.e
new. VI ttcso l,yo tlnree o1e wa alfeany l'ali
up, scson' WIZ pa!a ~ " tne ul'sle'1u ol Nv
percent aeslatc"n. ,, u LUG smtn9s; @ tie1e.nas.
lng three snG!!u 1 nhae nect, E1tn 1nf III PAT. nr
tN tn.s wefo VET. uoe " al. .ne easss; a6 5igxc is
Toul! hare i'een paid,nn , ssoek M OF s.y'uW,
and Mf. spencer; VINO tooN .,IS 9ilares ot Wy
mx stnek, wonld Hase ocen entacu oh 10 pay III
ellsU0 q s pota!nn III Luz s!iossr!9t.om. 1.
lo" ias ta1s @ nS% nn EVE NV nr'usy 1a 1pf ,ha. ~
derins Or wnstiog on Spe,rcrs part w.nld
smount 10 sI9iv. ~ ~ t..!s anGmt s1 ssSo ~ =
represented " nc Wortn!ess Ca!nsnet ~ G9l-
Sc Sc r. sfs hIs own @ ote for naey erqowe so
Canal bonds, w!I'e!, were tlsoycl ,p Up ~ Nsw
York AMI r, IT. exGst eatiss ~ ~ q %isn ~ ut
knowll. lhls "'aNes sl,uoVtoVV' 'oa'l"e opous
fAhUN .,,,.ro,,,.u.,-on
~ prooAe!e, ao"Gver' tnat oI,ense. ana n9n-
bus neycr pau up II, cash LOT TIC new stotk le-
tuta 10 tne' ah ia3a tmG , noe w. sna ~ ,nelt M,
t1oftagc eI'ulu ~ , u. lso. .M'a s, s1!,
always fenlalh ST WleinGf Tug !tlee pahi lot ail
ms Gaia!fiet - lineage CaI'ni 1toek wy aetu.
ally tue allfh wllSti purpoEts " te panK nooKa
10 nave pcen ihu ior u, ror !l'AsnleG; " snalcs
hay haFc bccn houeht " Ut. spencer t.n NJ
" anu e my 'a'G Ga.gcn tt1o pn MI ,.ot ~ SeHts'
and N~kstel the nliferc'ice. As to what Mr.
spenssr az win tlle nno'lnt OF money repre-
tshich w hls t"n notes. wl'!ea aeeTeEale Sa!',-
bo, y 's Impossible 70 state. a portion Of It
MT hnye been notes lnr TIC new Stock, never
rail- 90 ar o. Is Nnowsn, he %as sot es,taEa-
on tha!lse u ilIs nGFeF peeh khu"'. AIT.
Ailcha tlo!''La III LINZ llllo SOON 1eaNeA out. OF
were soon suspected, 9at nohouy mas yet oeen
able To Gonnest NJ. spencer Will any @! ihe
Transactions II wicat. or cnfn' oe uork, "!nen
have necn TUG ruin VI 90 'nnny fortunes. It IL
noFs likely tut !,g saW ygar or more al;9 that @
thc i'ns t!''ist como wien tnc nahK woa'a ia'l,
aad Tint nc proskicd lor u!s e"ef-
Et'lry by Investing tl'e money which ho
Borrowed 80 80 tEat M wiien Tue esish eano ana
he had to ilee' nc %oillt nave soti,ow'efo an u.s.
.arrl .l means q st1hsistGnce. Inc no.e 10 ior
tEo nIpn1ta to lays necn m9!e u; on ~ 5.ie alst
Q: Dctenhcr. 1910, AnIl Is scentcu " s9arcs
q sto.l; but Vt that date spencer d1in't have %
!sat alno'ant OF sak' a''a ts psonaoaIlsy a.!as @
tEe n"lc ~aa maze stsoft Inns pniofo tl'e
sma5-pr; when t'c saw that # %as going, ni,tl
tonel,stlsn tnat ~ Was AZ @ Welt 10 nayo tnhes
felnhally corFeet, anu il1eti up the pooRs 10
that t''ry Wotliu i'a'ai'ee. ,...:e, ,..,.
stESCEMs flMsr INVESTMENT ; YEN: oc ,o-o
III IHc GtAtG GAfi13k3 was tllauG UlItlC ~ 1917