Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1878-10-16
Tells How He First Entered Aristocratic
Society in Minneapolis,
LoANING wAsHBURN 100000
Entitled Him to Glass Of Wine witt
Henry 7. Welles.
THE LITTLE GAME WORKED Up.
The Great and Good Washburn to bt
Saved and the Wooden Mills Also.
WINE AND ARIsToCRACY WIN
Billy Secures His Next Friends and
Near Relations While Outsiders
Whistle.

| "A Mr.. Washburn is seeking testimonials
relative to the honesty Of his swindling fail
u1e which left him 100000 after cheating
his creditors, we are happy to accommodate
him with the following. AS it Is from q
thirty Thousand dollar creditor it may be
said to be from man who knows:
MINNEAPOLIS, Oct. 12.--After Mr.. Wash
burns credit had got SO impaired that il
was with difficulty he could get any more
money, and seeing he must come to grief, he
put large amount Of property into the
hands of his brother to secure him, and hav-
ing put about 100000 in bonds into his
wife's hands-her own, oh yes?-he goes to
that old long headed Mr.. Wells, who, careful
man as he is, had been fully secured, to get
down easy, and Wells, to avoid suspicion.
goes quietly to the different creditors and
invites them to his house to take a little
wine and have q private talk or party. !
having an interest OF over $4,000 in Mr..
Washburn, received an invitation from Mr..
Wells, my first invitation since my location
in Minneapolis, to visit socially with it's
aristocracy. Well, after coming together at
Mr.. Wells, and partaking of little of the
''o-be joyful" the matter of Hon. Wash.'s
financial affairs was introduced by Mr.. Wells,
who argued that all should be willing to
make sacrifices to save 80 great man.
Having thus paved the way Washburn, who
had been kept in another room, was ushered
in, and stated he had been struggling for a
long time in the hope Of e1tricating himself
from his financial difficulties, but he had
been forced to pay extra interest until he
could go no further, winding up with the
appeal, in substance; Snow; fellow creditors,
what can you do for ue?''
ALI, of course, were thunderstruck at the
unexpected announcement, and had it not
been for the little assistance our natures
had received from the thoughtful, careful
Wells, I think We would have been exas-
perated. felt bad, and presume the 9TH
ers did, to think his credit could not be kept
up unit. he could run his indebtedness up to
100000, instead of the Insignificant sum,
for so great man, of 100000. To add to
my sorrow, soon learned that his Wash
burn's) brother-the one in whose hands he
put the available property-was buying up
outstanding claims at heavy discount.
While matters were in this condition,
Wells, the go-betwesn, called another meet
ing, at which paper was drawn Up and pre-
sented asking his creditors to agree to his
disposing of his property in that way.
Through the influence of Mr.. Wells the
scheme was worked through charmingly,
and Washburn and his family were
able to take trip to Europe, to be
absent year or SO, the expense being
paid from the money of his deceived credit
ore.
forgot to state that after recovering from
the shock of the great mans announcement
at that first meeting, Mr.. Gibson appealed
to those present. and in trembling voice
stated he WAS an endorser for Washburn to
large amount, and if he had it to pay, it
would bring down the pride of the town
the North Star mills. He could pay his own
obligations, but he could not pay Wash
burns and keep the great wooden mills,
making the best blankets in the world, Cali
ifornia not excepted, from going down. So
the creditors consented that Mr.. Washburn
should turn over lumber to Gibson & Tyler
to make them whole. Such lumber was
sold and debts paid to that amount, or as
sumed, the latter probably, as they failed soon
after, owing over 100000, on which they
paid the liberal sum of 81 cents in the dollar,
I being a victim again. In this collapse Mr..
Tyler was cleaned, but Gibson having friends
who, although heavy borrowers at IL per
cent. interest, let him go along with the
business as before. Good friends, worth
having.
Then it came to light that Washburn's
laboring men at Anoka were behind, not
having been paid in long time. Mr.. Wash
burns creditors felt sympathy, having q
little left, and consented he should pay them
up in full, and have since learned he did
SO in lumber at 1928 per thousand, for which
they realized 40 cents on the dollar. Kind
man, he.
But I have not the time to go into all Of
this great mans transactions. Suffice it
that on the strength of his settlements
Washburn and his family take trip to Eu-
rope, remaining absent about a year. The
least his creditors can do is to send Mr..
Washburn to Congress, as he only spent ter
or fifteen Thousand dollars Of their hard
earnings in his rusticating tour. We will
give him another lift. We can work and he
can play.
God bless the rich, they can ride
in cha;ses.
While Washburn's swindled creditors
can go on foot
WI. VAN DYKE.
| A Test Case Under tho Pacific Bonds Act
SAN FRANCISCO, Oct. 15.-In the case of Gal