Audubon County Republican. [volume] (Audubon, Audubon Co., Iowa) 1885-1894, 1888-11-01
A HEAVY DEFAULTER.
The city Treasurer OF Cievcl,nd Dis
appears Haira million short

Thomas Axworthy is the city treasurer
OF Cleveland. Ohio, and very prominent
as business man. TWAS common ruma,
that whatever he touched turned to gold
He has vessels, real estate, coal mines
iron ranges and other valuable invest
ments, He has been absent for some
time, and rumor has been busy with hi,
name SATURDAY. the Mayors clerk, Briggs
submitted to the City Board of Revisios
n partial report Of his ivestigations into
the business methods of municipal OH
cials Sill Axwor,hy was out OF town
and the inquiry was, where Ia the Cit,
Treasurer His business and of'lcia
associates declared he was In New York
and was stopping at the Windsor Hotel
A telegram OF inquiry was sent to that
hotel and an answer was received that
Axworthy had arrived there Sept TO- In
the morning, and had departed In the
evening for Montreal. Que, There all
trace of him was lost, Meanwhile his
bondsmen began to investigate. They
are United States Senator PAYNE and ].
III. Wade, IT., and are pledged for five
hundred thousand dollars They, to
gether with the leading city officials and
attorneys, were In consultation all night.
Each refused tn say word about the
meeting. The Finance Committee Of the
Common Council, after hasty cxamna.
ton Of the books, state that they Eelieve
the loss to the city by reason of AK.
worthv's disappearance is $500, 900. Sen.
ator Payne and J, III, Wade. Jr.. bondsmcn
tilel petitions and aflidavlts In common
pleas court PRAYING for nm attachment
against Ayworthy's vessels. real estate
and other property, The schooner Re.
public and three.quarters interest In the
schooner Page were attached and his
money and stocks IN the local banks car.
nished. The Sheriff IL now attaching
the real property Of the missing Treasurer,
including his farm outside the city limits
and his summer residence on Lake Ave.
nue.. The National Bank Of Commerce
also began suit for 500. 600 10 recover on
a promissnrv note, thew had discounted
II Is said Axworlhy had 100000 with
him.
II was announced that OF the $3.50.
SS7G4 turned over to the treasurer and
nv him deposited In tho bank, only SAl7,.
$50 05 remained on deposit. The short.
age therefore amounts to 500, 437, 80
The police pension fund and nremen' =
relief fund, which were unsecured hy
bond, are gone and over $t02, 600 OF the
Board of Education funi goes into tie
shortage. This last item IL secured by
separate bond Of $3.50. 900, with Slas
Chamberlain and T. p. Handy rs sureties.
II is believed that AxworIhv's vessel
property and real estate will inventory
nearly half n million and the bondsmen
are secured The city will probably lose
nothing, IA the bonds are good Notice
OF the missing man has been secured 1t
Is asserted TINT he Is in Liverpool Eng.
land, on his way to Belgium. and that he
Is well provided with ready money. It's
rumored, but the rumor has not been
confirmed. that Ayworthy lost heavily in
the recent wheat squeeze aud that he
was In the Gogebic iron crash for large
sum, The Common Council met to take
action In the premises 1t was decided
TO declare the Office OF Treasurer vacant,
and that will be done as soon as the
proper resolution can be passed, when n
temporary Treasurer will be appointed TO
oil out Axworthy's time.