New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-03-14
miles east Of this town, leveiled revolver at the
driver and ordered him to throw out the wells-Fargo
box. The driver complied and was then ordered to-
drive The passengers were not molested.
INITIATING FERDINAND WARD.
A YOUNG NEw.YoRK FNANcIER IN CHI
CAGO.
CAPITALISTS OF LAKE CITY MOURN THE Loss
OF cAsH-sAID NOW TO BE EITHER IN
EUROPE OR MEXICO.

Chicago, March 13.--Alfred Post who for long
time ran freight claim bureau here, left Chicago on
February TO- He is supposed to DO IN Mexico, He
went ostensbly for the benefit Of his health, but some
Of his acQantances claim that be left to avoid trouble
and that his freight bureau nothing but gigantic
bubble. Tho deputy sheriff who levied on some Of
Posts property satisfy the Judgment of his creditors
Is under tho impression that his liabilities VIII reach
100000. Post came 10 Chicago about five years
ago and obtained employment in the Freight Claim
Department OF the Chicago, Burlington and Quincy
Railway. He was discharged in 1885 apd then con-
ceived the idea of starting the claim bureau. His
intention was to buy up claims against the railroad
companies. Every road has regular freight claim
department, where cIaims of from s2o0.ooo to
81 100000 for rebate excess charges or damaged
freight arc presented each year. Posts idea was
that he could buy up these claims at perhaps from
2o TO so cents tho dollar and knowing the railroad
business better than the claimants get then cashcd
and realize handsomely. He formed copartnefship
with q man named Charles Bicknen Posts plan
for making money proved failure until ho succeeded
In interesting number Of moneyed men. He would
have mutual friend call on capitalist and invite
him to invest IN the bureau, which, It was repre-
sented, would pay 16 per cent month dividends
He then took hsts In Michigan and kept stable
second to none in the city The fact Of HIS dfsap.
pearance was made known when attachments on bis
stable and other property in this city out
Of New-York of whom IL IS said Post has obtained
% 900 in jewelry. Mrs. Post preparing TO leave
the city Monday night when the attachments were
served.
The value Of Posts horses was estimated at
100000. His living expenses could mob have been
less than 10000 year. In his methods Of raising
the wind, he seems to have been close follower OF
Ferdinand Ward, Of New-Yogh. Paul Morton, general
freight agent Of the Burlington, said:
"Nino years ago Post came TO Chicago and entered
into employ in the claim Office Of the Burlington
His father was employed by tho New-York Central
Railroad, and Post himself seemed TO be well
acquainted with 9 number of NewYork Central
officials. remember they used 70 extend 70 him the
eourteses OF their road, both for himself and his
friends. Post was not . man to bo trusted. did
not trust him, nor ever could trust him. have
always been 0utspoken whom asked by my friends AZ
TO this man. think that at least hafa-doZen differ
ent men have asked me about Post
and his general reputation and character. I
him. He was about year IN the claim ONCE Of the
'Q company under my charge
Post was fne-loohng man, about thirty-hye
years old, and both he and bis wife wore clothes cut
In the latest style and made OF the richest material
The couple have lived recently at the Leland Hotel
Tho cloTk Of tho Leland Hotel SAID Last night that
Post went 70 NewYork bctween three and four weeks
ago. Rumors have reached Mr.. Leland that Post in-
stead of going to Mexico fed to Europe with large
ments at the Leland yesterday. She has sistcr.
Mrs. McIlvaine. who lives at the Bceurtvaee, with
whom she spent part Of last evening sAe took late
train for Washington.