The Leavenworth weekly times. [volume] (Leavenworth, Kan.) 1870-1880, 1879-11-13
There seems te be no End Of Them In
the History Of the stettsuer Fail
ure-Is L. Now Reported that the
Bro,hers Invested SCI 900 in bonds
Less Than q Week Ago.
lChicago Times.l


Brothers Invested ss5. 900 in Bonds
Less Than . Week Ago.
lChicago Times.I
1t wss mistske-at least it is rumored
that it was a mistske-,hat S2S4 900 item.
payment to conidential-; and rumor hath
it that one of the plumbers occurred in this
wise On Saturday, the very day on which
notices were sent TO all the business friends
in New York of the Inauguration by the
Chicago house of a new departure, the S;et-
tsuers proceeded TO the First National bank
and bought $4,000 worth of 4 per Cent
bonds side speculation. OF course there
was mistake. The wiseacres are holding,
that the Stettsuers, on receiving, SATURDAY.,
certain drafts upon them from New York,
aggregstiDg about 500 held consulta-
ton and then proceeded to the corner Of
Washington and State streets, and ordered
$4,000 worth of government bonds; but
after a mental struggle and while the
bonds were being counted out. thew CHI snged
their minds and ordered SIS 600. ca return
ing TO the store, so it ia said, they wrote out
a detailed memors ndum for the book keeper
TO enter upon the books OF the concern, and
LAID IT CAREFULLY AWAY IN THE SCRAP
BASKET.
1t is believed by those most familiar with
the affairs OF the concern tn at the book
keeper, contrary 10 his Instructions, and to
the custom of the house, did not look
through the wszse-b ,sket and that the
entry of this So 900 purchase of govern
meDt bonds WAS not made upon the books
of the concern. The purchase had escaped
the attention Of all partier; but, it is said,
that on the matter being suggested to the
Messr-. Stettsuer they will probably recall
it and he able to direct the committee
right to the place where the bonds were
placed.
Rumors are not to be relied upon, and
this was one of thousand sh,st. 1t was
investig ited. The following is an inter
view with certain of
THE OFFICIALS AT THE FIRST NATIONAL
The questions were put directly and the
answers came very slowly, after consulta-
lions and a deal OF hesitancy. The result
OF the interview dad not establish. beyond
peradventure, the truth Of the rumor 1t
will be better 70 leave the Interpretation 10
the reader, Mr.. Bolton ia the head of the
bond department of the First National and
TO him this question was propounded:
"Mr. Bolton, a gentleman il reported "a
having said that the Messr-. Stettauer our
chased Of your bank on SATURDAY. SO 900
In government bonds. Is it true?'
This was answered by long stare.
1T Is reported that the gentleman who
makes the claim says that he can furnish
indubitable evidence upon the point"
Before answering your question would
Ike to consult Mr.. Gage"
This consultation lasted for ave or ten
minutes. Mr.. Bolton returned and said
"Mr. Gage Gays that he knows nothing
about it,"
"Be good enough to tell NE what you
know about it,
81 really couldn't speak with you on the
subject at ALL
The reporter then found Mr.. Gage, the
cashier Of the bank, and the following con-
versstion ensued:
"Mr. Gage, it is reported that the Msssrs.
Stettsuer purchased of your bank S25 900
in United States bonds on last Saturday.
Is that the fact p
81 consider the matter confidential be-
tween ourselves and our customers, and
cannot answer your question"
1t is currently reported among dry goods
men that the government bond account Was
one that
HELPED To SWELL THAT CONFIDENTIAL
DEPOSIT" ACCOUNT,
That it was put in there by the book
keeper from ignorance Of any facts shout
it, and because in the business more OF the
large items of expenditure went to this
account than to all the Others. But thIs il
mere conjecture Of creditors and rivals,
very pos IDLY irritated and excited by
losses
Some time during October Messr4. Stet- |
tauer Bros. " Co. sent TO customers in the /!
country