The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1890-02-06

About 1879 Colonel ClaAssen, the New
York bank wreoker, came 10 this city
from Chicago, and was accompanied by q
MAN named j, q, Tower, Claahaen asked
tho citizens 10 donate 10000 for q build.
Ing, aud Ira M, Allen, Louis hehaefer ana
I'D, A. Lee tried 10 raise the amount
They we're little slow Ia doing II, when
Col, Claasaen, with his usual proud air,
came on from Chicago and said he did
not care much N II wah raised or not, 40
they had many good offers from other
places Of a sliel donations FOR buildings
eio,
He was Mason IN high standing. and
was flne appearing man OF good hd'
dreaa Ills age was about bb, lle was
broad ahouldered, and weighed 22b pounds
at least Ile was about six feet tall, Tie
met Thomaa Rennlek Sr,, who was also a
Mason, aud the administrator Of a broth
er-ln.law'a estate IN Chicago, known 40
the Huston estate aud valued NJ some.
thing like $4,000. Mr.. Huston was q
brother Of Mrs, Rennlck, this city. Glaze
aen got Rennlck 10 put his money orpnrt
OF ID, In the press works, Shortly after
Thomas Rennick died aud Beniamln II.
Rennick auceoeded him 40 administrator
OF the Huston estate. benjamin kenniek
had also 800 acrea OF farm land near Cir
NltNlllNf bf iiN WIN hlMMNN INV WV urn
aud sunk all he had. AZ one time II, II,
Renncll turned N8, 900 clean cash Into the
firm OF Tower, Claaaaon a Co., OF this
city. Shortly after the money was turned
over, Claaaaen took $4,000 cash aud went
10 New York lie told the other members
OF the firm TO draw on him thore " they
wanted any money Shortly after he ar
rived In New York lao made au aaulgn-
mont, and tho firm never got q oentbach
Then the crash came here, and the works
were closed on judgment notes held by
Hnrlor Brothora and other bankers,
The patterns for the press, worth from
$4,000 70 81, ,OOO,wore amuggled TO Chicago
aud put In the hands Of "alraw man.
Clnaaaona Chicago lawyer had an eye on
th0n. Mr., Allen heard OF them aud went
20 Chicago and attached thom, He had
10 giyo security for the amount uf the
goods. They were tied up In Chicago
four or five years and 800 or $500 were
paid for storage. Mr.. Allen aud others
hnally got sick OF the matter and drop
ped H.
Claaaaon was regarded aa a bragRart
and was carefully watched by other MON.
bora Of the firm who regarded him na u
slick article, llo was very tricky. One
day g. Q. Snyder presented u bill Tor a
few hundred dolara for hardware. Ho
o. X. and should bo paid. A fow days
lntor on returning from dinner Clnnaaen
yelled ont In his usual gruif voice, ~ paid
that fellow Snyder his little blll,h In
looking over the books Mr.. Allen dlacov.
cred tho entry that Snyder'a bill had boon
paid with u 90 day noio signed by Clnaaa'
on. This was shortly before the firm won't
under. Mr.. Allen, who was on the firms
paper for $4,000 or $4,000, told the Nom.
bors OF the firm that " they squeezed
ClnnGson out and they would assume the
local debt, amounting 20 $4,000 or Slb,.
900, ho ALLEN would take the works and
make money. They could not got Claaas-
ON out. Tho latter did not have ono cent
OF money interested, but bolng the head
OF the firm had cash on hand NJ his COM
mnnd.
In reading the accounts Of the bank
wrecks, Mr.. Allen has no doubt that Prosi-
don't ClnAssen IN mono other than Peter j.
Clnaason, the prime wrockor OF few for.
tunoa In the press works here. Associated
with Claasscn and the iIrin was man
named McClIntock, Phillips and others,
who were also ruined. Allen loaned Me-
Clintock enough money TO got out OF the
city,