St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-08-08

ones. After long and thorough eXamin-
alton Mr., CuItisS returned the papers
reporting a majority of them to. be
forgeries. Attorney Frank +. Davis was
retained by Mr.. Blaisdell and the bank
ing people, and the whole matter was
placed in his hands. According to the
story that has leaked out of Mr.. Davis
Office when the affair had been sifted
and the proofs obtained, Colon was
called to the Office of Davis q
Farnam, and into the presence of
Mr.. Blaisdell and several people from
the bank. He was then accused of the
stupendous crime and Immediately
broke down. He admitted everything
and seemed to be entirely broken up
over the discovery of his fraudulent pro-
ceedings. He did not plead for mercy
and even signifed his willingness to ex-
plate his crime in the penitentiary.
Mr. Blaisdell was much affected by the
young mans confession, and wept dur
ing the time that Colon was talking.H
With the exception of the Security
bank, which had quite an amount of the
paper, none of the banks were caught
and Attorney Davis sent word to all the
morning papers laStnight that the cred
itorS and other parties concerned had
made an arrangement whereby the
bank would lose nothing, and this gives
additional strength tC the suspicion
that an arrangement has been made
whereby the difficulties will be settled
without taking the matter into the
courts, and COllOm'S turning over large
amount of property to BlaiSdell would
seem to indicate that the settlement,
which the creditors claim is all they
want, it to be made through him as if
all tho In6OrcpnlnnfS
This would destroy all proof of any
forgery, whatever, and it is more than
likely that the matter will be settled on
this basis. E. NJ. Wilson, although re-
fusing to be interviewed, said that Col
lom who has not been allowed to be
seen by representatives of the press,
would not admit his guilt, and de-
MED any knowlege of rumor
or fact regarding the statement
that other parties were using
Colon as scapegoat. So far as known
the amounts held by various money
lOaners and real estate men with whom
COLON did business are as follows:
Dean Bros, Minneapolis. .... $19,OO0
H. n. Peck, Minneapolis. 1S,500
Frank Rupert, Minneapolis. .......... 1880
Eustis Bros, Minneapolis. lis....,....... $4,000
julius Schutt, Minneapolis ........ 10000
Cook d Weeks, Mlnneapolls.... 80. 5000
W. B. Clark Investment company. 1,5O0
Total Slo7, 500
A. E. Merrill is said to have a block
of five, and it was reported that the
Minnesota Loan and Trust company
were in it to the extent of $1,000. E. j.
Phelps, of that company, called at the
GLOBE office yesterday and remarked
that his company never loaned dollar
on unsecured paper, whether indorsed
or not.
The $4,000 or more that the Security
bank held, with other amounts held by
various people, make the grand sum-
total OF over 100000. This money has
not been lost in wildcat speculations, as
has been reported, but has been we'll in
vested, and is said to be worth in
the neighborhood of $500,0OO. Col
lom's law partner, G. j. lockwood,
says he has known COLON for years and
would have trusted him with every
thing he has. He could not have be-
lieved the charges but for Collom's con-
fessiOn. Mr.. lockwood takes no stock
III the report that Collom's father, the
wealthy w. T. Collum, owner of the
COLON block, will help his son in the
present emergency. and the same opin-
ion was expressed in other quarters yes
terday.