The Sedalia weekly bazoo. [volume] (Sedalia, Mo.) 187?-1904, 1890-03-18

| VIM. ID. Observation-Disclosures. $4,000
j. ID. OBSERVATION-DISCLOSURES. $4,000
VIM. NJ. Lionberger 5000
| Adam Eckhard... ........ 5000
Louis 4. Nelson. ..................... 300, 900
ThFse bOndsmen are all residents Of
Cooper county,, with the exception of
| Louis Z. Neison, whu lives In 5. Louis.
He is a brother OF Mrs. Stephens, and
President of the 81. Louis y ,tional Bank
The bond Will be further sIreIg b, u,
by the addition of the names of
". SPEED Stephens, Chas. +. Leonard,
Abel Leonard and Benz. +. Hammett.
|! is already one of the strongest bonds
ever given by state officer. and viii, not
be questioned by nybOdy In Missouri.
Mr.. Stepseds ioos f.r.nai charge
OF the treasury to-faS. r.."'"
will be n immejiate change, IA t.r
personnel of th- department, but al
iu'ure date Mr.. Ell L. Orerr of Marshall
will be appointed CHIEF clerk. Mr. Orear
Was formerly circuit clerk OF Saline county
but is now cashier OF bank at Marshall
SKETCH OF THE NEW TREASURER.
Lon V. Stephens, the new treasurer, was
born December, 1857, i'm Boouyille, and
has alwass resided in bis native town.
His father, Col. j. l.. Stephens, was a man
of wealth, aud many years ago established
the Central National Bank of B,onville,
one OF the few banks In the west which
kept Its doors wide open all through the
manic of 1871 The bank is now owned BY
i've brotueIs, f-r1,iI- .nui Ss,,es,sit,d b. Ias
Lon Stephens has never held nor been a
candidate for any public Office and the
only political honor he ever sought was
that of delegate-at-lsrge to the
National convention of 1884, for which
position he received large vote In the
Sedslia convention. For five years past he
has managed, IN connection with his bIoth.
er, the finances of Cooper and Morgan
counties, both Of which counties had large
debts, and brought them safely and salts
factorily out from beneath their burdens.
He has also had conspicuous success in
establishing three or four banks in Central
Missouri. His latest successful operation
was that of winding up the affairs of the
defunct Fifth National Bank OF ST. Louis,
wherein he, as receiver, paid 80 cents on
the dollar, and would have
paid 95 cents IL some pend
ing litigation at Hastings, Mimi, had
not retarded the declaration of the last div
idend. Mr., Stephens was married in 0ctob-
er, 1880, to Miss Maggie Nelson, daughter
of James NJ. Nelson of Boouville, and the
young couple have q handsome residence
which they will be 10th to leave.
Mr.. Stephens said to-day that he had
wired his resignation as receiver of the
Fifth National bank to the comptroller of
the currency, and it would, of course, be
accepted, as his affairs are already In shape
TO be turned over the government. Louis
g. Nelson was here in consultation with
the new treasurer yesterday.
THE Ex-TREAsURER's AFFAIRS.
Gov. Francis did not formally
accept the resignation of Mr.. No
land. but filed it in the state de-
partment as an accompaniment to the or
der fer Mr.. Stephens appointment. The
fact of the appointment is, of course,
virtual acceptance OF the resignation, but
the questions which haye been raised in
connection with the matter are still prac-
ticslly undetermined. The investigation
committee finished the detail of its work
at an early hour yesterday morning and
then began the preparation of Its report.
This was found to be larger task than
the gentlemen had anticipated, and hence
last night il was still unfinished. The
inquiry into the condition of the Treasury
must have been exhaustive, for the report
will contain a mass of tables and exhibits.
At q late hour last night the committee
were again at work in the Treasury porting
over the figures and endeavoring TO place
the facts in harmonious shape. 1t was
announced that the probabilities were all
against the press securing copy of the
report before tonight, as the Governor will
want day to examine il before giving il |
out.
1t had been said that there was to be Q |
meeting of the bondsmen in this city yes
terday. or to-day, but when approached |
each one on the ground denied the story
and insisted there was nothing to meet
about. 1.-THE money will be raised when
called for, said one, sand till then there is |
nothing to do. There has been no official
notice served of the existence Of deficit,
and the only reason why q meeting was
held when the news of the defalcation was
first given out, was that it was thought de-
sirable to discuss the feasibility of "a skiing
up any deficit that might exist, 90 that the
facts might never be made public. The
same reason does not hold now, therefore,