, 1877-04-11
Ills Confidential Clerk, Cleveland
to Dc Included In tho
Complaint
An Interesting Sketch OF the
Champion "Shlnner" or
the Age.
How 1fo Borrowed from Peter to pay
Paul and tllc Other Fellows.
gucoessfu1 Evisoeration Of tho Cook County
National--No Assets Loft.
The Quarterly Statements Of the In
stitntion Harefacad Perjurios.

@"0 49, way 0'''s'41e"@e@ ~ @AA0
Htttntaon Harefacaa Per1urics.
-
0ver One Million Lost in Grain, Stock,
,,a rra a,,,,o+,o,.
-'%@'N>~
Tomorrow tho United 6tatt& District Court
Grand Jury Wilt be called ufon 10 make al invctt.
CATION of certain charges Ut criminal nature
aGalntt Il. +. Allen, fnsc President u tho dcfnnet
Cook County National Hank. and A. N. Cleveland.
ono Of Tho Gnnk employees. who was Mt. Aliens
confidential clerk The charges will 10 presented
by l,ank' Examiner Mciggs Of New York, who has
been engaged in this city fur tho last ak or ecsen
wccks investigating tho booIss OF tho dcfunct inst-
tuition. and clciting testimony tending fu show on
the part Of Tho pcrtons mentioned criminal Tl0-
lstion Of various sections OF tho Nnaonal
Currency act, and several other paragraphs
Of the revised statutes. It Is understood
that testimony will bo addnccd to show that under
tho management OF Ms. Allen tho bank was ond
tcc&ing mass Of corruption; that It's funds were
diverted to ascs not In conaonancc with correct
pr!ncipos Of banklng: that lis dcposstofs wcto
systfmatecaliY rubbed; TINT Mr. Allen IT he did
not do the act himself, procured tho performance
Of perjury; that tho bank books were fa's'dcd nnd
made to represent state Of facts contrary 10 those
which actually existed; sud, lit short, that
tho bnnk management Of Slr. Allen was ehasaeser-
lied by fraud, perjury, nnd forgrFJ' snbp%nas
have been lssacd for tho appearance
Of ocTctnl gentlemen before tho drdna
Jurr. Including c. 7. Dowcn, former Ftcc'FFcsi-
dent, Albert Vest, cx.Gasl'lcr Caleb unrrc:t' at
ono time chief 1ookkccpeE, and D. D. Spencer.
who was tho head OF tue institution from lts Or
ganixntion until tic day Mr. Alien obtathed .its
control.
BIOGRAPHICAL.
The career OF The Cook County Bank was brief
ono. extending over period of on1y thFco and one-
half 5cars. few tays ago TnthuxE reporter
WAS AFFORDED an opportunity of roudlnE fta bold
biography. as efnbafHcd In somc thirty or forty
pages of tccords'-tho diary Of the various meet
lnss hel by tho stockholders anu Uircetufe. From
thcso pages 1t was nsccrtanci that tho arst raeot.
iny Of Tho stockholcfa was held On juno II, 1871,
ID hoo1 . OF tho OLD shcsn'ait laonSc. majority
Of the stock "hs represented. Jnmca +. Tyler
performed Tho duties Of Chairman, md Dwight r.
Cameron aetct aa sccretart' II. II. Hdnoro
thu etockholdefs proceed 10 ballot for n:i,o 1,rcet.
~. - ..rro nr+,,th .o~a.5 1s.,,,s- :" $1,000
1s7s. H. b. Tl"tson l ssi the I si and M nsnei roseirs
eouated tho vote. tho election Of ths following pl.
,oe'os' W." aH"p"Ieea' ~ ~ ePences' aceeo
~ pupo'e ts'hco aeceaaea|. Ljman IFumbull.
msr David uste,,' M c. II. H. 1inmmona t' i'1 apI - r.
cameron. There bctoc m fur,t,rr h".'r... r., ~.
orkode,s 81 m.s, nv ,hnx r,tls of 1o
scclo7u snbscqucntly convened. with Mr. TYlcr
N the chair. .. D. spencer was chosen
Tss.s ..r, .a.,. "nt - - sa.a.foa ta's1et.
thcsc t"o gentlemen ~efo instructed to fecIra
location for u banking. house. A. no money had
@ ns u pet o, ac
day. 1t tic Mpauiacta;o Satona, u l.uH uH'''"s 's"
The next record boars 1ato Juno TO- Tho meet.
Ing held In tho alnlcr llotel Oh tho cornsr OF
s,tastea , 70 purchase sloo ooo IN Government
ne1as and deposlt tho zane With Tho Comptroller
Iio was also Instructed n NJ ~. fa.ss.a H.
res,"n bs se ,, aux sh,t ~ coson 70
two days afterwards 1T meeting held In ono Of tas M
rrcmons.llouso parlors. and 1t waa accepted.
soFne! Of Monroe and Deosoorn .treet. 1t Ii pro-
hns uo. aftsstGsy and
,!nnSus slsak i ~ records from Jano iii osto: s
t. hs esis 'S mt sn4 5esoys
Ono week latcr csme ij,o .:bs dEc y RMvv ~ to
County met lis f4to Of liz brethren and rnn,n
oec was ssca.c 1t No. aSi WABASH ayesn: An AZ
Ten or lwclyo says aiioF tho nrc tha 1''o"s' sou
BANK REsuaEn H. nvs1Sr.s. M
10 secuta Il" c,rsusSm ~ Il H. ,nc Dons eGpo'i!ed
out Of Gasncss. Va. cona,oe, ~ ,sa W. going
The rcsuon adopted at nrasioMs ~ ns3Ssofa.
iinrlzing an inctcuso OF cni;,tai 10 IL" c.ang ea
SnNi ftNI wnn rrecnicd sn,t ~ ~ eneht u eAheht OF
WI. tscucd 10 sult Tho IIeIcnro. nm promise. nnl.
lhv slock SiU OuO md 10 sntnrnd fn or1nsa
0o0 On ihs e"nsH,ntIatt ttun liz ,.nE s!0o,
practically hiyt d raptol OF San. I'M "rasa IT.
hrat annual meeting VI thS stncti,od.",o, d"o
wa held on Jxn. D. 1h7! nnI th..
trausfcf Look showing Inliortant cban~rs Il, tno no
ownership Vt shares d new dtrcctvry ,Sas ..Icrtch Nv
:
NushnvIi. d. T. iI1nrh + IT, W,n.tn; r.s.,ss
Palmer, II, Il, Uobbns. a. H. I,rinkrrn;f II p'tS' ~
kprnccr, md i. Ii, ilp,1uond M. Sncnscr - ~. -.
rt-ricCtcd I.rasirnt md fnr tbe :, - ,tu ~ naa
a. tive Cou,nittco Of threo n ns - lmti'n."st -,
p + offered tot discount was xnroinIcH. r'his H.
tr tfIt4te consisted VI thu rrcsldsnt mi M...s.
" ,!un and Dohblns. Ala ,ncrtin:, of ths ~.
..uts IN May 2, held al The OtiIcv in tbn % i.,hnc
l.luck, to which the lxaak removed a wcck nr"s