Mexico weekly ledger., 1885-04-16
ABLE ABSCONDED.
THOS. ABLE, A PROMINENT STOCK
MAN, BREAKS AND LEAVES.
Liabilities, $4,000; Assets, $4,000
Letter from LaddOnia.

A<nuuVh1as |
Business circles in Audrain and
stock men throughout the county
we're astonished Monday to learn
that Thos. Able, of near Laddonia.
had skipped out for parts unknown.
Able was a prominent stock dealer
and had unlimited credit. His friends
claim that he did not go full-hand.d
and that he left because he did not
have the nerve to stay here and owe
people with whom he had done bust
ness and thought it best to leave and
try to retrieve his fortunes. Tom
has a host of friends here who would
not have deserted him. We learn he
went to Arkansas. He sent money
back to pay several debts which he
owed parties that he could not think
of beating as long as he hal a dollar.
The following from a special cores
pondent at Laddonla gives the points
of interest in the matter:
LADDoNIA, No, April 15.-Last
Saturday morning the rumor was cir
culated on our streets that Thomas
Able, a prominent stock dealer and
farmer living, about eight miles north
west of here, IND we'll known through
out the coun8 had failed for a very
large amount d had taken his FAM
lily and myster3 lsly left the county.
Further inquiry roved the report to
be only too trueN The following is a
! brief outline of the case as near as
can be stated at this time: Mr.. Able
: has lived in this county for abort
twelve years and has been largely
/ engaged for some time in buying,
feeding and shipping cattle and hogs,
y and had accumulated a considerable
amount of property and always bore
tue reputation of being an honest,
square dealing man and had the en-.
:, tire confidence of the community and
an almost unlimited credit. some
two years ago he bought on contrac,
for June delivery a large number o.
s. fat hogs, and owing to the rapid anG
re continued decline in the price OF
RS pork he lost heavily. Last fall be
fore the stringency of the times wer'
i fully understood he bought larg.
ly numbers of feeding and stock cattle
ce at prices far above what the spring
he market would bear, and the UNUSUAL,
u severe winter with the enormous out
= lay required for feed and the Low
price for fat stock, added to heav,
speculative losses in buying and ship
Il ping fat stock during the winter
II completely swept away his property
and while it has beerbfear.d for SOM
- time Mr.. Able would, not he sble tt
weather the financial storm, still III
of one thought of his doing otherwls
e. than meeting his losses as best h
I'LL could. But for sonic reason know
" only to himself Mr.. 'Ahle determine
he to seek new fields for the exercise Q
in- his varied talents and began to max
M his preparations accordingly. ]
the would now seem as if his first step i
ion making ready for his contemplate
inc change of location was to Ike q
oil many debts as possible from dit
ing ferent men, and when his own nam
'en was not sufficient to get some frien
the to sign notes with him and finally 8
the last to execute chattel mortgage
ody and deeds of trust to raise additions
funds, and about the first of the pre-
20 ent year advertised a public sale {
stock, and on Wednesday, April stl
+ he brought all his fatted stock
EN-, Laddonia and with other feeder
Ter, shipped to Chicago. On Frida
e a morning a young man living nes
ing Rush Hill saw Mr.. Able's two sor
ing with three wagons heavily loade
ust with household going towards Bel
say ton City, from whence the goot
!, 1 were shipped. That same night Mr.
as, Able and the younger children cam
to Laddonia and took the midnigl
re- train on the C. & A. for East S
our Louis. Meanwhile Mr.. Able hs
ub- reached Chicago, sold his cattle or
and received about thirty-ive hundre
Isl dollars (the difference between tt
money already advanced on the shiI
ne ment and the price for which tht
we sold) in New York exchange al
hat quietly separated himself from /
ev' companions and was seer no more.
less His farm of three hundred al
". sixty acres is understood to be moi
will gagged for about half it's value, al
.ha he made a deed to it to one
bis forsaken friends who had e
Isa dorsed for him in large sums.
our The merchants of Laddonia mou
mid his departure in various sums. rar
up, ing from twenty = hundred d,
SIC lars.
'os. One gentleman at Farher sold b
~ TWO loads of fat cattle and took
rive due bill for $1,000, payable when
be came back. 1T is not due yet
:. Liabilities estimated from $3.50
the to $4,000. Real estate worth abb
AVE $4,000.
|, at None of the banks IN the cour
try will lose "a cent. They had be
o, quietly trimming their sails and G