Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1891-10-01
THEY SPECULATED.
And Their Depositors Are Paw.
ing the Bill.
BAD FAILURE AT OHRIsMAN, ILLS.


The sfandiford Bros Bank Goes Under
Owing Possibly S150.O00-The Part
ners Missing and Creditors Left to Hold
the Very Empty Bag-A Number of
Poor People Suffer for Their Conf
dence, as Well as Others Who weren't
Poor Once.
DANvILLE, Ills, Oct. L-Standiford
Bros, bankers, of Chrisman, closed their
doors yesterday, leaving many depositors
with heavy hearts and light purses. For
some time past there has been feeling of
uneasiness among the patrons of the
bank, which was a private one, it being
known that the firm was speculating on
the Chicago board of trade, and many de-
positors withdrew their patronage. Two
weeks ago j. E. Standiford left with his
wife for California, and on Saturday
night last A. b. Standiford. the head of
the hrm, went to Chicago, from which
point no trace of him can be found.
Regrets" are Universal
ABOUT two mouths ago young man
named Thompson was induced to put
some money into the firm and acceptsthe
position of cashier. Mr.. Thompson is not
only out of a Job but is minus his cash. He
has, however, large stock of regrets on
hand, which will be shared by the de.
positors. When A B. Strand iford left
on Saturday he forget to give the cashier
the combination of the safe, and Mr..
thompson did business on the deposits
during Monday and up to II o'clock
tuesday, when he closed the doors. Tues
day evening Bibo &s Co., bankers OF Paris.
ana several Chrisman depositors had at
tachments issued against the bank, and
the sheriff took possession.
Partial List of the Losses.
The following is list of the depositors
and creditors: W. T. Gilkey, $50. 600;
Samuel Moore, $4,000; C. Y. Lewis. s5 500;
Bbo & Co, Paris, S2s, 600; Allen Sly, S.
900; Jesse Lowther, So, ,OoO; w. F. Hoult.
$1,000; A X. Hartley, Sl.5OO; B. B. Pritch-
EFT, sl.S00; John Carroway. $1,000; Nell
Matheny, Sl,001; John Moss. 81 200; Sny-
der Warne, s400; Lawson Seybold, 81 500;
H. NJ. Galloway. $4,000; William B. GAL
loway, $500; F. G. Green, s70O; E. V. Stan
held, 800; George Fair, 500; William
Hoult, $1,000; Samuel Kenton,, s., goo; w.
J. McAnally, 5000; Widow Moss, S1,5LG;
John Baum, $500; Baum & James. 5000;
Abe Lunger. 300; Mrs. Thos. Speechley,
8, ,0OO; Rice & Rogers, $500; Elias Koons,
$500
Poor People Mulcted.
There are a large number of small losers
who are out sums ranging from S25 to
SOU, most of whom are poor people who
had all their money in the bank. The
Good Tempiars, of which J. E. Standiford
was treasurer, and the NJ. E. church, of
which A. b. Standiford was treasurer.
lose small amounts. The Odd Fellows
lodge and the knights of Pythias also lose
small sums. The Standifords were among
the losers by the fire July 20, which de-
stroyed the best half of the business por-
tion of the town, but were well insured.
Eleven new brick buildings are well under
way on the site of the fire, among which
was new bank building for the Standi-
fords.
Number of f"PecuIiarities."
There are number of peculiarities COM
ing to light in the Standifords' methods
of doing business. All notes held by them
for collection have been hypothecated
with Bibo & Co., Paris, and a bank at
Tuscoia. They have been borrowing
wherever they could get dollar for some
months past. Bibo g. Co.. Philip Bibo and
Jacob Sholem, of Paris, hold nearly all
the paper they have been handling and
are in for about SIS, 900. The Standifords
are interested in the Western Newspaper
onion and in connection with their broth
er, Z. Z. Standiford. own the patent plate
made by that newspaper company.