Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1878-10-30
EtheridJc iu Kilscau:ee.
milwaukee Wisconsin. Il

Milwaukee Wisconsin,.
Telegraus from ST.. Paul and published
throughout the country yesterday morning, an
nounced that Charles Etheridge, prominent in
business circles in that city, had mysteriously
disappeared, and was a defaulter in some ex-
travagant sum not known even to his victims
The missing man, the dispatches stated. beside
being identified with the insurance business in
his city, served as the financial representative
OF the New York Loan and Trust company, and
other Eastern trust companies, by whom he was
regularly commissioned to make investments of
trust funds. With such business relations his
opportunities for malfeasance were quite az
favorable as need be desired, and that they were
improved by him is now unpleasantly manifest
to his creditors.
The reports from St. Paul are to the effect
that Etheridge was first missed from there on
Wednesday last, and on that date is supposed to
have started eastward. The supposition is
proven correct by the fact that on Thursday he
was IN Milwaukee, negotiating to convert to
currency portion al least of the wealth of
which he had unlawfully possessed himself be-
fore leaving the Minnesota capital. Among
other places visited by him during his stay Of
but few hours in Milwaukee on the date
named was the Milwaukee National bank.
where, having first been identified in
regular form by Preston B. Mann, he
which he held be cashed. The draft so IRE.
scented, drawn by the Merchants National Bank
OF st. Paul. was on the American Exchange
National Bank of New York. and was promptly
cashed according to the request of the holder.
subsequently Etheridge went to the Wisconsin
Fire and Marine Insurance company's bank.
and there, being again identified, he presented
another draft of S., 900, drawn by the North
western National Bank of st. Paul, on the
Irademen's National Bank of New York. On
this as on the $4,000 draft, payment was
promptly made, and without question, too,
there being indeed no ground for question, as
the drafts We're all right, aad the man by whom
they were presented was known by reputation
10 the bank officers as person prominent in
business, and accustomed in his regular trans
actions to handle such sums. After the drafts
were paid, the bank officers here as a measure
of precaution, Or rather for purposes of agsur-
ance, telegraphed of their action to the inter
ested st. Paul banks, and speedily received
telegraphic answer, and later, mail advices,
certifying and guaranteeing tho gen
uineness of the drafts paid. 1t is
proven. therefore, that the bankers in
Milwaukee, at least, by whom Etheridge's
drafts y, were cashed, are not of the number
OF the victims of his defalcation. The st.
Paul banks, however, it is suspected are BIT
ten; as, according to current report, their
drafts TO the defaulter We're paid for by him.
in part, at least, with drafts which he had
drawn upon the New York trust companies;
paid.
After receiving currency on his drafts, Eth
eridge made purchase in the city of several
thousand dollars Of government bonds, paying
therefor from the money paid him by the MIL
waukee bankers, and with these, and his gen
erous supply of fat, he left Milwaukee prob
ably on Thursday night, and is suspected BY
the detectives who are following him up, to
have gone to Canada, and to hold Europe as
his present objective point.
LATER-A dispatch received this afternoon
by Mr.. I: L. Baker, cashier of the Milwaukee
National bank, is to the effect that the $l5, 900
National bank on the New York American Ex-
change National bank. was paid in New York
to-day.