The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1889-01-31
MooRE's BAD BREAK.
Tho Indianapolis Defaulter'S SHORTAGE
Estimated as High ~ $50, ,OOO-Ho
Makes . State Inent.

Tho Indianapolis DefauIter's Shortage
Estimated N High n $50, ,OOO-He
Makes , Statement.
ISpASAPoLIs Ind, Jan 26-Joseph A.
Moore his not yet been arrested, and no
criminal proceedings have been begun
against him. He is rema ming in seclusion
In the city and positively rcfu es u SEQ
anybody or say any thing for publication
about his troubles. W. q Abbott vicc-
| president Of the Connecticut Mutual Com
pany. Is here with pr fess on il nc
uniant, and il was through their efforts
that Moore's dishonesty was ma Ie public.
It Il ought lis dcfalcatlon will be con-
siderab.y in excess Of s5Oo.0 600 He was
also agent for the German Amer cen, Fire.
mans Fund, City OF London aud Imperial
Of London Insurance companies. and il
supposed to be short in his ccounts with
them. One estimate places his total short
age at $50. OOO
| 1xDiAxAPoLIs, Ind, Jan. % "A reporter
| has succeeded in obtaining an interview
with Joseph A. Moore He is at present
closely combining himself TO his residence
in he city. He talked with considerable
freedom. denying the rumors that deposit
ors In his bank would suffer. He stated
that he had turned over TO the Connecti-
cut Mutual property worth :200.OJO VII n
asked IL he knew what course the officers
Of the insurance company W, uld pur-
sue he sa d he did Mt. He
was waiting for developm .nts, and
had remained hero to face the conse-
I, quences Of his acts, Though he had had
ample time, after being informed that an
! investigation was to be made, to leave the
country. When Mr.. Abbott. the investi.
| gator, came, he told him tho whole truth,
concea.ing nothing. however trivial, and
told him he could always be found hen
wanted. He would neither go away nor
comm suicide. His troubles, he sad,
ted back to 1880. Continuing, Mr. Moore
said:
In 1879 q Law was passed prohibiting foreign
corporations fro m bringing su.t In the Federal
| Court That destroyed my bus ness. For Two
! or three years did nothing at all and became
very despondrnt. Just before that, a short
tine, had gone into bar kruptcy, md an :nti.
I mate fr end who had Endorsed my paper W. {
heavy loser. always co sldcred that
! was in honor bound to rel ny b m. and i
| was In an attempt to do tbs that my
| present troubles really tegan. had no bus
| ness. and ye had eavy running expenses. Al
The same me l was striving to repay my
fr end the money he had lost BY me. I had
1 loaned great sums OF money for the compa "
represented, taking real-esiate security. At
I er the PIN the borrowers were unable to pay
on the mortgages and the property fell bacx
into our hands. 1t had deprecated greatly il
value ard was naturally iun down and in We. y
bad repair. / felt myself more or less ut faull
IN having placed the loans SO badly, though il
| real ~ had done tho best could. Twas ex
| tremely sensitive on this point / saw The
! company losing thousands Of dollars on b.
\ vestments that had been made On my judg
ment All these things piled upon me,
| and as time passed on grew more
1 nd more burdensome. Many o time felt as
though should lose my mind was beset on
! every side and felt bound 10 do something to
rel eve myself, and get there was nothing
could do At tn po Mt went to New York
| and began to specnla in stocks. ] had fail
! success. too. and made some money, but when
ev r l came back here lost my head and every
thing went wrong
Moore declined to say how much he had
lost in stock 81 eculation.