Hopkinsville Kentuckian., 1890-12-23

Il The LIST of January was Tuesday ant
: Col. Wallace left ON the early trail
q and wrote back from Guthrie that h
y had gone over to Nashville on busi
ness and might not come back unit
3p. m. the next day. He failed t,
!, come at that time or ON the next trair
a and on Thursday morning the trutl
came out.
A reward of 5000 was offered, but
he was never captured and few peo.
pie in Hopkinsville had any idea
where he was until the news of his
death came.
MORE SINNED AGAINST THAN SHINING.
Col. Wallace was not common en-
bezzler. He fell victim to too
great fidelity to those bound to him
by ties closer than friendship. His first
mis-step was to accommodate those
near to him and in trying to recover
money borrowed without authority
and lost by outside speculations the
amount grew larger and became per-
manent deficit that could no longer be
concealed. Then came the final fight
and disgrace that wrecked the hap
piness and shortened the days of
man who before his fall stood as high
as any man in, Hopkinsville. Not
withstanding his offense, there has
always been in Hopkinsville an under
current of sympathy for Col, Wallace
and it is fact that many stock holders
OF the Bank of Hopkinsville were
among those who signed a petition for !
his pardon some years ago.
THE AMOUNT OF THE SHORTAGE.
The defalcation was in round num-
bers $4,000, only . small part OF
which it is probable Col. Wallace took
with him. These figures were in
creased by uncollectable notes of his
to S6,63l.72, making the
total shortage $56,63l.72. On Dec. 8,
1886, the civil suit against II. r. Lit
tell and other bondsmen was compro-
missed and the reward of $1,000 with
1rawn. By this compromise $4,000
n cash was refunded by Col. Walla ,, {
S2,5OO was paid by Judge Littell and /,
paid up insurance policies were turned
over that brought the total amount up
% Sl7,366.07, including a policy for ,
S2,495, payable at the death of j. C.
5ant. These real and prospective b
.ssets reduced the defalcation to $780, \
1855. The Bank, at the time, had a y
urplus of $4,000 and its credit was \
lever impaired.
Col. Wallace was indicted by the il
rand jury in March, 1884, for embez- b
lement and the Indictment still G.
tands against him on the court rec " "
rds, though there has been no re- eI
'ard Tor his capture of late years. t.
SKETCH OF HIS LIFE. u
Jas. A. Wallace was born Nav 81
S3l, and was therefore in his Goth in
ear. He died at New Orleans Dec.
., 1880. He came to this city from
'wensboro before the war and was for
number of years cashier of the old
-entucky Bank. When the Bank of NJ
was organized in 1855. be
8 became the cashier and filed the is
lace for 10 years. He was mem Ne Ne
'r of the Presbyterian church, the oil
nights of Honor and the Royal Ii
Prior to his fight, ar
stood high as an upright, T. T.
norable, christian gentleman
d citizen always public-spirited
d progressive. He was one of the
ime movers in the establishment
our present public school system hy
d this alone entities him to the last ne
gratitude of our people, He was
the time of his departure Presi j.
Mt OF the School Board of the city. die
Col. Wallace was man OF medium
9 with black hair ard full beard nj,
5htly sprinkled with gray. During
last seven years he has worn only po,
and has become much a..
'yer. His friends say he has made :.
headquarters at New Orleans for.I y
last five years. He has frequently o'r
IN in New York, Chicago, Minneap- noi
and other large cities in the Uni enc
States. In the latter place some
RS ago hewas recognized by form
resident of this city, but all Of v
s to catch him failed, At another not "ai
Q in New Orleans Mr.. NJ. Lipstine tarr
I'd by his side as both read a bulle-
board, but Mr.. Lipstine failed to
pioo"oie that kno,
los peh. ihuci' " lhe time out OF year
United States, though more re- able
ly he has been engaged in tbe finar
business in New 0rloan, -. gatic
ssumed name. Mrs. Wallace went ToIe,
ew orleans last winter and re- Who
led with him several months. AT Ha
ime of his death his daugbtor nally
Corrie W;sbard waa 81 .o' ~. and /
as taken sick with adeep cold on Drug