The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-08-24
SKYR0CKETY AND UNIQUE
Was the Career of Mrs. X. c. Blood in
Financial Circles OF ST. Louis.
She Ran a Building Association 10 Suit Her.
self and Got Away with Many Thousands
of Dollars-0ther Business Trou bles

Special 70 the indianapolis Journal
ST. LOUIS. Aug. 2S.-This morning Judge
Withrow appointed q receiver for the Conn
mon Sense Building and Loan Association.
The prime cause of this action was the ale
legged fraud, forgery and double dealing OF
the secretary. Mrs. X. c. Blood. who 10
said to have several aliases. Her career in
financial circles here has been skyrockety
and unique. Mrs. Blood came to ST. LOUIS
from Leroy. n. Y, several years ago.
where her husband Is q prac-
ticing physician. Her strong per.
sonslity and undoubted powers soon
placed her at the head of several women's
movements. one of which. the Women's
Building Association. she managed TO leave
in q struggling condition. When the Com.
mon Sense was chartered q large number Of
women became stockholders. and Mrs.
Blood was elected secretary. Almost from
the start. according 70 affidavits. the enter.
prising secretary began to bleed the con-
oern. Matters becoming critical. Mrs.
Blood asked her bookkeeper. I. T.. At
water, 10 assume the duties OF SEQ
rotary and call q meeting OF the
directors. This ho did. and found only
Mrs. Blood in attendance besides himself.
She called the meeting of two 10 order.
handed over the monthly statement 20 the
secretary 10 sign and declared the meeting
adjourned. Later on Mrs. Blood intro
duced o colored man TO Atwater as Milton
Waugh, which name was signed to q deed
before q notary. Shortly after AtwateR
took the same colored man before o notary.
where he signed the name of Thomas HAM
ilton. Atwater inquired into IL and fonnd
that the mans night name was George Will
Iiams, a river roustabont. and that he re-
oeiysd Is cents from Mrs. Blood for each
deed be signed.
Stockholders have been paying money IN
regular. but have not been able to get my
out. In addi Ion, Mrs. Blood has borrowed
large sums on the faith of the association.
Her otfic &c boy. q lad of seventeen yoars,
says: las Mrs. Blood's Office boy i re.
ceived some of the funds paid IN by the
stockholders. and Mrs. Blood ordered me
not TO deposit them In the Chemical ha.
tional Bank. with which the ASSOCIATION
does business. but in the National Bank OF
the Republic, where she kept q private ac-
count as X G. Blood, agent, She asked
me TO allow her To make me q director, and,
when l did not refuse. gave me q share OF
stock and elected me O director. although L
had no money"
Joseph L. White was named as receiver.
When he went TO the office of the associa-
ton this morning he found scarcely any
thing but the furnitu.o. Books were miss-
ing. papers strewn every There. and tho
association virtually a wreck. Mrs. Blood
has disappeared. She has been - noficea.
BILE figure in real-estate circles for three
years. Her ex- partner in the real estate
business is made a codefenoant Devei-
opments are only commenced, and they bid
fair TO eclipse the famous Bogard collapse
of q month ago. Estimates Of the shortage
range from $4,000 to $4,000.
Heavy Failure at Anronis.
NEW YORK, Aug. 23.-Wallace * Sons.
manufacturer of brass aud copper goods
at Ansonia. Conn. with offices at No. %
Chambers street. extending through to
Resde. this city. ave been placed 10 the
hands of receivers. Thomas Wallace. OF
Ansonia. the treasurer of the concern. and
Robert NJ Thompson. president of the OK
ford Copper Company. have been appointed
receivers in this State and Connecticut. on
application of j. b. Wallace. the secretary.
and l.. L. Hungerford, the manger OF the
New York Office. Wallace * Co. are
one of the largest concerns In their
line. The business was established In 1913
at Ansonia. and was incorporated in 1853
with a capital stock of 500, 600. lt IS Q
close corporation. the stock being held by
she Wallace family and Mr.. Hungerford.
They have large rolling mills. wire mills
and factories at AnsoDia. The actual cost
of the plant and machinery, it il said. cx-
ceeded Al. COG. 600. and is bered.
They employed 1900 men. They were IN
able to make collections from their GUS
toners, on account OF the ~stringency In the
money market. The liabilities arc placed
at So75, O0O; nominal assets, go 600.
Other Bus in-ps Troubles.
BoSToN, Aug. 2a-The creditors OF Henry
A. Hartley d Co., carpets. oil cloths. etc..
have voted that II the firm does not go
into insolvency within twenty-four hours
the creditors shall petition IL in. The
liabilities are stated to be- S171. 900 and the
assets 800. 600.
UREA. n. ". Aug. 23.-George A. Rey-
nolds, shoe manufacturer, 10 In financial
afraifa Assets estimatei at nearly $780,