St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1888-01-28
AN ORGANIZED GANG,
Developments in the Central
Bank Investigation Grow
ing Interesting.
The Inquiry Shows an Organ
lied Scheme of Bank
Wrecking.
A Supposed Murderer Lynched
by California Citi-
ZenS.
Probabilities Are That Max
we'll May Yet Cheat
the GalloWs.

TORONTO, Jan. 27.-The developments
in the Central bank investigation grow
daily more interesting, and not only in
teresting, but exciting. The inquiry is
beginning to show an organized scheme
of bank wrecking. The bank has got
into difficulties of an alarming char
acter. Men of questionable reputation
were called in to give assistance. But
the aid afforded only increased the diff
cultieS of the situation. Seeing what
was coming, some of the parties inter-
ested endeavored to control the revela-
tons that were likely to follow, and to
protect their own regulations as much
as possible in the event of an in
vestigation. TO this end determined
efforts were made to have a ''friendly''
solicitor in charge of the law proceed
ingS. But in all these respects things
did not shape themselves as was
fondly hoped. Mr.. GOOderham and Mr..
Rowland. of Toronto, were appointed
liQuidatorS and MI. Foster, solicitor. This
had dampening effect upon the guilty
parties. and when the maSter-in-ordi-
nary made his scathing criticism Satur-
day last, increased CONSERVATION seized
the parties implicated. Then on top of
all this came the co-liquidator. This
WAS THE LAST STRAW
on the cameFS back, and there was a
flight across the line. The motion for
the removal of MIR. Campbell is now be-
ing argued in the masters court. Cash
ier Aliens flight, while not entirely I'M
expected, caused some surprise, mas
much as it was thought the honest
directors would see that he remained
on deck to protect their own interests.
1t is known that after the meet
ing of the Central directors, held
in President Blain'S office on the night
of November Ii last, some of the direct
ors were strongly in favor of having
Mr.. Allen locked up. He had just made
the admission to the board that he
granted several loans which were of
highly questionable character without
the sanction of any of the directors.
This so startled some of them that they
thought he should have been arrested.
This idea was abandoned Tor the time
city long enough to be finally scared
away by the developments which are
DAILY TAKING PLACE
in the masters court, D. Mitchell Nc
Donald, who preceded Mr.. Allen by
three days, was the eX-cashier's
surety. The liquidators think they will
realize about $4,000 on the estate.
which they took over from Mcdonald.
Some of his friends say he will return
to the city. Aliens wife states that
her husband left on the midnight train
on Wednesday for Minneapolis. His
flight makes the sixth of the Central
bank wreckers who are now over
the border. They are David Blair, presi-
dent; ID. M. Mcdonald, director; A. a.
Allen, cashier; E. S. Cox, r. q. Barnett
and S. M. Davis. There are rumors to-
day of difficulties in connection with
the Federal bank. An investigation of
the concern has been in progress for the
past ten days, which eliminated last
night in a meeting of all the bank man.
ayers. President Hammond stated to-
day that a new policy had been decided
on, but declined to make it known at
present. 1t is reported that the bank
will be absorbed by some of the stronger
institutions and will wind up it's affairs.
Federal stock has been falling steadily
for some time past.