River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1878-09-05
A WINNING HAZARD.
That's What the CGf@ens DJ -dH6MrH. Ind.
Claim George Ha=zGrd Is.
lChicaeo Inter-Oceau

tChlcago lnter-Ocean.
The good citizens of Auburn, Ind. think
they've been hsrboring dishonest bauk
manager and director in their midst, and
with the exit Of Spencer, ct al, before them
have taken such prompt action as to prevent
their man doing likewise. The following
ont of this idea accounted for the presence
here last night Of Sheriff John b. Somers
and S. G. Swineford, hotel keeper, both OF
Auburn, and also for the sudden snatching
of one George Hazard, from his comfort
able quarters in the Mattesou house at a late
hour.
Some three years ago there showed up in
their midst in Auburn, George Hazard,
long, lean, silent, and shrewd, but apparently
possessed Of a pienttude Of this world S
goods. After figuring around awhile, he
started the First National bank, with a sup
posed paid-up capital of So, GOO, and further,
with himself as manager and director and
his brother. james Y. Hazard, as cashier.
The citizens now suspect that the bank has
been running with no paid-up capital what
ever. Withdrawals being met with deposits.
Notwithstanding this, however, II Is said the
bEnk itself is still on a good footing, there
being sufficient gilt edge discount paper on
hand, it is believed. to meet liabilities. but
still they want Mr. Hazard TO explain some
things. They claim that when the bank
was involved the manager and director,
from a list of names he had. manufactured
q lot of fraudulent paper and put 1t IN as
security. Iast spring the stockholders got
dissatisfied and made Mr. William Nc
Intyre cashier ia place of i. Y. Hazard.
Mcintyre, after having looked around a bit,
urged the collection Of this paper, and then
the managing director went to work 10 de-
wise 3 new scheme. and went to work to get
good paper. He came TO NY office said
Mr.. Swineford, 4sand asked me to indorse a
note for 81 600 and gave noe $4,000 note,
gilt-edged paper he called 1T, as securit j.
He said he had bought some land for S.
700, paid ST, ZOO and MIR. j. K. Lanigan. the
seller, wanted to use some paper IN Toledo,
s, be wanted tie balance. I Endorsed the
note, and then he went to about twenty
more people. got the same thing done on
various pretexts, and then threw the good
paper, amounting to about $4,000, into
the bank, IN place of the notes he had manu-
featured. The man who oansss his arrests
now is Nick Bnsley, an agricultural instru-
ment dealer in Auburn. who indorsed q IL,
600 note. Two or three days affer Hazard
went back TO him with the note apparently
all blurred and SAID be had got it all botched
~.
out. and now Ensley finds he has two notes
in the bank, che of which he declares is
forgery. Thsn Hazard went TO Lincoln,
Neb., and got stock broker there, named
Alex Strothers, TO put $4,000 into the bank
to keep her running. and now we suspect Ae
intends TO get out If our parts, as he has
sent his wife and three children from their
home in New EOasale, Ind, ont West. he is
q young man o ny thirty three years old.
IT is also le. raed that Hazard had store
at Auburn. He was arrested from the
Matteson house by Detective Scott, last
night, ind is reported as making strenuous
efforts to ret clear. The citizens of Auburn
claim that he has obtained $4,000 from
them by the means used on SwIneford Sc
600 Of which has been repaid, and an offer Of
twenty per cent. interest made to the others,
but in view Of the supposed crooked com
mercial transactions discovered, and q fear
that be is going West, they object to trust
ing to him. To-day mny bring further in
teresfinc Developments