The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1890-08-07

anee Policy,
The Cleveland Leader has the follow
ing additional particulars in regard 20
Henry Grosenbaugh Mllliner Grosen'
haugl'a disappearance and alleged for
Reries continue 10 excite interest Ia bank
ing and legal circles, ltia conceded, now,
that his pockets were we'll lined with
money when he shook the dust Of Cleye'
land of his feet, and turned his back on
those he had 30 successfully duped, How
ever iooRe ha business systems may have
been as regards his many enterprises, II
ID certain that for two months past he has
been engaged In q scheme 10 raise money
that has almost reached perfection In lta
conception and mode OF carrying OUT
Not breath Of suspicion 40 10 the genu'
lneneas Of the paper given 40 security TO
the various concerns from which he bor'
rowed money, had up 70 Saturday been
waited TO the minds Of his creditors, Ito
told such plausible stories and backed
them with such seemingly good evidence
In the shape Of securities, that he was
readily accommodated wherever he APP
piled for loans, II h true that Ia lss7 his
brother,ln.law, w. d, Ream, gave him one
note for t2iss,90 which falls due AZ the
end Of this month, IL ID also true that ~
least two such notes have been pledged 40
collateral security, The German'AuerI'
can Bank has one Of them, aud the gentle
man who was mentioned yesterday 40
having loaned Grosenbaugh goo, has the
other There are probably more notes
hearing RcAm'a name Ia circulation, The
Gernan'AmcrlcRn Bank officials claim
that the note held by thom n genuine,
They say they have naeerihlned that fact
and 40 they only loaned 6fosenbAugh
u 200, there
WILL uE a SURPLUS or sl,gA
After the note h paid, The West side
Banking company haaalready garnlsheed
tho German.AmcrlGan bank on the sup
position that the latter'a security ID good
There are two notes purp0rllng 10 be
signed by u, W, Weaver, for sl,2H,a2,
pledged aa security 70 the same parties
who have the Roam notes, and here again
ID where one Of the leaders "geta left
The Forest City Savings Bank loaned $3.50
by ID, w, Weaver NJ, A., Hogan, and l.,
Groaenbaugh, In the complaint fled by
this bank IN lts suit against Grosenbaugh
the statement ID made that "hald notes
were not good notosN ana that
they are "utterly yaluolcaa,N This
hank seems TO have acknowledged
the corn and 10 place proper
value, or lack Of value, on the paper,
One man who has beiriendod Gronon'
bnugh talked freely OF the situation yes
tcrday, He said, ~ suppose ! am Ia q
hole, but don't intend 10 throw good
money after bad by incurrIng legal OK
penscs. n the notes hold are iorRorles
II IN hcttor 70 know that fact az once and
have taken steps 10 find out the truth
about them, IL IL no use uf my going IN
TO court with % suit, ,Am Hooded with
garnlsheo warrants aa Il 10, on the mere
suppositOn that the paper | hold may
turn out 10 be good, but / have no such
hope, In fact am almost certain that
am one OF the victims, but | can't tell pos
ityCly until hear from the alleged maxi
Crs Of the notes. Groscnbaugh could Just
aa well have got $500 out Of me aa the
amount he did get / have known him
for four years and always had "A good
opinion OF him, He asked me
10 LEND HIN rms MONEY
last April, and showed me the notes, He
did not want Il that particular day, and
suppose Il was two weeks afterwards
when he met me In the hall and said, u
could use that money handily yto.dRyi
! brought him into my olllCc, gave him
check, and took his hOtos, ! never gave
the matter another thought until the
crash came, Since matters have assumed
their present shape | have como 20 the
conclusion that GrosCnbUugh has had this
outcome In mind for a long tlmC, You
know ho went 20 Europe last year, and
would wager something that he was look.
Ing for safe hiding place there, lie ig
on the ocean by this time, Well, N my
money is gone I'll have 10 stand II with
the other follows, but | would give
decent bonus 10 have The pleasure Of say.
ing how do you d' 20 Mr., Henry Grosscn'
bnugh,N
The appraisers began work on the On.
tnrio street stock yesterday. From there
they will 90 10 the 81, Clair street store,
and thence TO the West Side branch, fin.
ishing at the Euclid avenue establishment,
The appraisers are Henry Bland, retired
millincr, Solomon Halle, the dry goods
merchant, and A. G., Furr Nothing has
yet been heard from the Eastern creditors.
Levy Bros, OF New York, are said 90 have
a bill against Groscnbaugh for $500 for
ribbon, They and others will probably
come into court with their rcplCvin suits
IN the course OF n day ortwo, Meanwhile
the Shcrill's officers keep faithful ward NJ
the different stores Of the missing man
and his family watch the letter carrier on
his rounds, hoping 70 receive o missivo
telling of the formers whereabouts.
Mrs, Burke, Of LorAln, Mrs. George
Harris, Of Vermillion, j, X. CNughoy OF
Medina, and all the city milllnors who
dealt with Grosenbaugh, have boon garni-
sheed at the instance OF tho German.
American Savings bank.
p. II. Bennett, Jr,, the special agent OF
an insurance company, solicited GrosCn.
baugh for policy. On Monday the agent
wrote an application for Grosenbaugh for
$4,000 for the benefit OF his creditors. He
made an engagement 10 see the milliner
on Wednesday, but II was rot kept.
The Cleveland Plain Dealer has the fol-
lowing. Another promised development
in the Grosonbaugh affair Is this;
man who stipulates that his name
shall not appear, says that lac advanced
$500 TO GrosonbauRh, taking ~ colleNteral
security notes executed by M. ID. Ream
and D. w. Weaver. He has written to the
makers TO ask them not to pay Groson-
baugh or anyone else anything on them
until his claim Is satisfied, If the notes
are not genuine. such letters are bound 10
bring q prompt reply. The man IL q little
afraid OF the notes.