Mower County transcript. [volume] (Lansing, Minn.) 1868-1915, 1889-08-14
FELL Err ON c..

dent OF y New York Street Railway
Company Robs 1t Of $4,000 Il AZ
Trusted Lawyer I'm Minneapolis Gets
Away with S2s7,OOO Belonging to IL
Wealthy Client IL
New YORK, Aug. a-Eben 8 Allen, FIR
many years president of the Forty-secotd
Street l. Grand Street Ferry Railroad Con.
pany, is under arrest for embezzlemeht
pany His defalcations am ,unt to Ee-
ings having been going on for four yeas
or more. The story Of Aliens stealines lis
extremely interesting, and was learned
from o confession which he made of his
rascality both to Inspector Byrnes and to
the directors of the road. Allen had been
connected with the road, OF which
he was chief executive officer, for twenty
five years, both as treasurer and president.
About four years ago he became connected
In business with an inventor of tire-escapes
and apparatus for hanging clothes uro
the roofs OF houses, and put large
amount OF money into the venture.
After the loss OF the sum invested
In the fire escapes Allen became pressed
for money, and tho thought that he could
raise large amount on forged certificates
OF stock OF his company came to him
He Went to his Office, took some blank
certificates of stock, filed them out with
numbers OF stock already issued, forged
the signature OF the treasurer and
secretary, and sold them for genuine
shares OF the company's stock This oper-
alton he has repeated at intervals during
the past four years until, according to lis
own statement, there are outstanding
about 7Ol shares Of these bogus securities,
many OF which ore in the hands OF innp-
cent holders Allen was taken to tie
Tombs police court Wednesday aftemodn
and remanded for an examination
An alleged accomplish in these transab.
tions is Ferdinand W. Hoetie, who has fl
ured heretofore as a partner with Allen In
certain mythical enterprises in which liz
has represented that he was engaged
Hoetle was arrested at II O'clock Wedues-
day night
TEMPTED AND FELL. I
MINNEAPOLIS, Mimi, Aug. j. Frank
COLON, son of the builder of the large Cdl-
lom block, and one OF the best known law
yers Of this city, has confessed to forging
the name of John T. Blaisdell, pioneer
millionaire OF Minneapolis, to notes aid
papers valued at $227,OO0. Colon was tie
trusted attorney of Mr. Blaisdell for sci
eral years.
About three weeks ago F. A. Chamber
lain, cashier Of til. Security Bank, met Mr.
Blaisdell on the street and asked him how
much of ]. F. Collom's paper he was On
The capitalist replied that he had Endorsed
his paper to the extent OF $40, COZ, and was
very much surprised to learn TINT
the bank held three or four times
the amount named. An investigs~
ton was at once begun, and great
amount of fictitious paper was soon found
Within very short period tho immense
sum of 1927 600 in notes and other sccuri-
ties was discovered, but to only a
part of which Mr.. Blatsdells name
was attached Mr. Blaisdell pro
nounced the signatures forgeries. The
bank and Mr.. Blaisdell were equally in
terested, aud rigid investigation was at
once begun. The entire matter was put In
the hands of ex-County Att ,rney Frank
E. Davis The lawyer proceeded very
quietly. A private detective was al
once secured to shadow Colon, the sup
posed forger: The books and papers were
turned over to Mr.. Davis and his associates
for inspection. An expert was secured to
examine the signatures attached to the
different notes and securities, and he soon
reached a conclusion. His verdict was
that J. Frank COLON was the guilty man
The next move was to confront Attorney
Colon with the evidence of his crime.
This was done Tuesday. Collom was called
into the office of Mr.. Davis Here the stu
alton was explained to him. Mr.. Blaisd I'll
and several of the bank officials were Eyes-
ent The young attorney at once broke
down and confessed his crime in detail He
wept bitterly and begged his hearers not to
spare him.
It is reported that Collom's father and
other friends Will come to his assistance. IT
such proves to be the case it is probable
that the matter Will be settled. The Security
Bank holds but $23, 200 of the forged paper,
all OF which is amply secured. 1t appears
that Blaisdelps was the only name
forged, but that number of people are
out by reason of their holding forged
paper. The names of those holding the
spurious paper and the amounts held
by each so far as brought to light are
as follows: Dean Brothers, Minneapo-
lis $500; H. N Peck, Minneano-
lis, $l9,500; E. w. Peet, st. Paul
$1,000; Frank Rupert Minneapolis, SIS, 500
Eustis Brothers, Minneapolis, $4,000; Julius
Schult, minneapolis, $3o, OOO; total, plO2,
0U0. The g; ntlemen and firms mentioned
above are nearly all engaged in the real.
estate AVID money-loaning business. Just
what action these gentlemen will take tt
recover their losses could not be learned
G. J. lockwood, of the firm of lockwood
g. Colon, was asked il he could account
for the action OF his partner. He re-
piled: II would have trusted Mr. Col
lom, so far as honor goes, with all have
or hope to have. l received my frs
intimation of this trouble Tuesday night
He has lived here twenty years Ale
during my business connection with him
have always found HIM reliable. He was
hard worker. He neither drank nor use(
tobacco in any form. 1 know nothing O.
his business matters, except that he hal
owned a good deal OF real estate"
Compliment, Exchanged.
LONDON, Aug. s. Emperor William, O.
Germany, and his brother, Prince Henry
in company OF the Prince Of Wales, in
spected the royal yacht squadron Wednes
day, and afterwards dined together OF
board the royal yacht. The Prince O.
Wales warmly tOastesl the EmnerOr mr.