The Superior times. [volume] (Superior, Wis.) 1870-1912, 1888-11-17
AXW0RTHY'S OFFER.
Cleveland's DefaultinG Treasurer VIII
ing to Make Restitution.

Cleyeland's Defaulting Treasurer WILL
ing to Make Restitution.
Thomas Axworthy, the defaulting city
treasurer of Cleveland, who departed
the town $4,000 'short" ard with
sl50,000 of other peoples money
IN his carpet-sack, has written
Mayor Black letter. 1t was sent from
Montreal on October 90, and when the
mayor received 1t he fastened to Mon
treal in order TO have an interview with
Axworthy. He remained there a
week and returned to Cleveland
without having seen his man. On
the 18th the mayor gave the newspapers
copy of the letter. 1t is as follows:
"ReSpected Sir: There has no doubt been con-
siderable comment concerning my absence. l
arrived here some time since. / should have
written before, but could not summon the cour-
age 10 do so. l shall have to remain in some
part OF the Dominion for perhaps all the time
for the following reasons; | went East about
october /, for the purpose OF collecting large
sums loaned by me on call, from time 10 time
during the last four years (at the suggestion Of
prominent Cleveland partiesl. l have been re-
ceIying the interest regularly, Dut greatly TO my
surprise and horror, when demanded the prin-
cipal was answered, We cannot pay it-in fact
IL would have been impossible for us TO have
the loans, etc, etc In fact, investigation
proved such to be the case, although |
supposed the parties to be worth millions
/ need not dwell on this matter: in fact
cannot. 1t IL too terrible for me to think or
write about. You will know from the position
occupied in your community how my situation
must affect me or any other man that has always
been strictly honest 10 the letter, thus over
wheImad by circumstances which wnen too late
he finds he cannot control. There q COM
bination 10 ruin me and 1t has succeeded. ] am
properly and deseryedly, perhaps, the sufferer
and an exile.
II am not writing TO you, however in extenu-
alton of my Grim nal careless ness and conse-
qUent misery, Dut writing you as the executive
of the city OF Cleveland, to advise you that so far
as in my power lies desire to make amends by
turning over my entire property real and per
sOnal, Tor the benefit OF the city or my bonds
men.
"An action in the proper court will, think
make this entirely legal. Below l give you in
full my entire belongings 10 which l waive all
right, title or interest; and | Will write 10 my
wife, asking her to quit claim to all the real eS.
tate belonging 10 me or in my name (for nom
inal considerations. My stocks, deeds bills OF
sale, etc, are in box O., National Bank of Com
merce-"
He then gives list ofhis assets which include
stocks bonds, notes, houses, land and vessel
property. Many of the stocks are pronounced
by bankers to be worthless and others would
bring but trihe. He estimates the value of all
his assets at s379700. In concluding his letter
he says Entire assets good S379,7 which
will pay all my liabilities, the exact amount
of which the city auditor can alone easily
determine. Could have had four months after
knowing the true situation of affairs, ! could
have disposed OF the above, so as to have met my
entire obligations, but il is now too late. | have
covered up nothing and thus do all possible for
the present, to make all amends in my power,
and my only aim in life viii now be 10
further make good, if needed, by any
shrinkage from above, but l think il is
sufficient to cover all. Ii it will be of any use,
you are hereby authorized and empowered by
me to act my attorney in fact and sign for
me all deeds bills of sale, etc. that may be re
quired in the transfer of any OF the abCve-named
property. Good bye. God bless the city of
Cleveland and you all is the earnest prayer of
THOMAS AXwORTHY."
Mayor Babcock will probably make
another Tip to Montreal in the hope of
having a personal interview with the
defaulter.