Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1891-10-07
COOL CUSSEDNESS.
The Prominent Feature of the
Standiford Failure.
THE AGED FATHER LOSES his ALL

And the Wife of the Senior Member
Mulcted for SIS, 900, Which Claim she
Generously Re inquishes-The Probal lie
Liabilities About $3.50, 900 with Pra,
ticalIy No Assets-The Books Grim
naIiy Entangied-The Victims Numb.
800. Many Left Penniless.
CHRISTIAN, Ills, Oct.7-The further the
investigation into the fraudulent failure
of Stamford Bros, bankers for this
town and for large part of Elgar
county. proceeds the more evident does it
become that they prepares their flight
with their ill-gotten gains with thorough
generalization Judge James A. Eads, of
Paris the county seat, who is acting as
receiver on an order of the circuit court,
spent the forenoon yesterday continuing
his examination OF the affairs of the col
lapsed bank He found the books in a
criminally entangled condition.
standiford's Wife a Loser.
The accounts are terribly mixed, and it
cannot be stated how much the firm owes
outside parties The probability is, how
ever, that this part of the load of debt
will foot up from So 600 to S4o, 600 The
total liabilities may perhaps aggregate
S25O, coo. Mrs. A. S. Standiford, wife Of
the senior member of the firm, also holds
a claim against the firm aggregating,
with interest, about $4,000 This is for
money of her own advanced three years
ago and swallowed up by the bankers,
together with so much money belonging
to others. Mrs Standiford, who is highly
respected by all who know her. has mott
flea the receiver that she relinquishes this
claim.
Ruined Their Own Father.
The wosrt feat ure of he whole case per
haps, is that the old and feeble father of
the two reckless financiers has been COM
pletely ruined by his sons. With a grief
stricken voice he said that he had lost all
he had. The books and papers in the safe
of the bank gave no indication where all
this money went to. With a prospect of
getting back about cents on every dol
lar owing to them the defrauded credit
ors and depositors very naturally inquire
what became of it. The two Standiford
brothers were not drinkers nor card-play-
ers, and had none of the ordinary vices
On the contrary they were radical prohi-
bitionists, and it was due to them that
Chrisman has gone dry for years. They
were also prominent church members, and
always talked and behaved as if they were
strict moralists as well.
Caught Joe Cannon's Bank.
The financial institution in Danville Of
which ex Congressman Joe Cannon is one
of the directors, the Second National
bank, some time ago loaned IS, 000 each to
j. II. Caraway ann Mel Matheny, of this
place. AT the time these two men owned
sufficient property to secure these loans,
but since then each one of them has made
SO. 900 worth of accommodate ion paper in
favor of S;andiford Bros, and in the last
day or two sold out their goods and chat
tells, thus leaving the Danville bank with
out security for its loans Litigation is
threatened. Another heavy loser is B. F.
Waldruff, the principal local grain mer-
chant. He is in for $1,000 ~
Some of the Heavy Losers.
The list OF those who have been injured
financially by the failure and flight OF the
fraternal bankers grows larger and
larger day by day. Bibo s. Co., the
bankers of Paris, although hitherto reck-
oned among the shrewdest and most
cautious fnanciers in this part of the
state, are hit the hardest Their ulti-
mate loss may figure up $4,000 w. 7.
Gilkey, of this place, comes next, with
$4,000, wiping out nearly all he had &C.
cumulated by thirty years Of toll. Sam
uel Kenton, owner of a fine stock farm
near by, loses $4,000 in deposits, while
John H. Caraway is minus the same
amount on accommodation notes.
Left Penniless in Her Old Age.
Mrs. Sara Barley, of this place, while
the amount of her loss is but 81, 900, will
feel it very much, since that money was
all her savings. She is old and feeble and
unable to earn any more money. H. M
Galloway and family have likewise been
completely ruined by the failure. Al
together there are some three hundred
sufferers and victims Far the larger
part of these are residents of Chrisman,
which place will not recover from the
present blow for some years to come