The morning news. [volume] (Savannah, Ga.) 1887-1900, 1894-08-23
FIGURING UP HIS LOSSES.
Col. 0lmStGad'S Indebtedness Estimated
From $4,000 TO 100000.


May Take Steps Later On-CoI
Olmsteads Connection With the
Brigham Estate.
It is understood that all Of the parties
interested have been furnished by Col
Charles H. Olmstead, through his friends,
who saw him last Monday, with detailed
statements Of his accounts and indebted
ness so far as the properties in which
each Isl interested are concerned but,
with the exception of the amount men
toned in the Barnard estate as having
been lost, no authentic information has
yet been obtained.
This, however. has led to no further
action on the part of any of those con
cerued. A gentleman who has looked
into the matter thinks Col. Olmstead S
Indebtedness TO the estates of which he
had charge as agent and trustee is be-
tween S55, 900 and $50, 0O0 A more con-
sentative estimate puts the total amount
Of the Indebtedness at about $4,000.
LED INTO SPECULATION
II is reported that Col Olmstead
did not first seek the speculations in
which he is believed to have lost this
amount but was induced to enter them,
and that through a broker here for New
York house which handled cotton futures
he is believed TO have lost during 1883,
1890 and 1891 about $4,000, and that he
continued the speculations in the hope
of making good what had thus been used.
Some parties called at the court of or
binary yesterday to inquire into the
status of another estate of which Col. Ohm
stead had charge, and which has not here
tofore been mentioned. Under the pro-
visions of the will of James McHenry he
was trustee appointed by the superior
ri fOt. tho heirs and bpDd in
sum of $4,000 Among the bondsmen on
this estate we're two of the heirs, j. Med.
Rauers and Jane Med. Hoist, the other
bondsmen being Jacob Rauers and G. NJ.
Hoist. This property consisted of eighty
shares of Central railroad stock, ll9
shares of Southwestern railroad stock
and some valuable real estate. None of
il is convertible without order of court,
and it is believed that this property is
intact
MAY APPOINT AN ADMINISTRATION
Just what will be done it is hard to say
as yet The ordinary stated before he
left Savannah that if no steps were taken
by the time for The beginning Of the Sep
TENDER term of the court Of ordinary he
would in all probability appoint a tenn
porary administrator or guardian for
these estates. as the case may be, in order
that they may be properly adjusted.
There is a strong feeling expressed that
Col. Olmstead should make public state
ment of the exact status of the affairs of
which he had charge, in order to set at
rest all rumors, if they be such, with re-
gard 10 the matter.
The largest estate of which he had
charge was that of Henry Brigham. of
which he became administrator March 5,
1888 and his bond as administrator of
of this estate was $500, 900, on which the
sureties were NJ. G. Brigham, II. H Brig
ham, Sarah w. Brigham Mamie G. Brig
ham, K. ID. Walker, Henry h. jackson
Frederick M. Hull, Edward Lowell and
D. G. Purse.
THE BRIGHAM ESTATE.
This estate consisted Of large amount
of stocks and bonds valued originally at
$3l1 ,59639 which were divided between
the heirs in portions as nearly equal as
possible, and the estate was about wound
up so far as the court of ordinary was
concerned, with the exception of that
portion belonging to HarcOurt Brigham
There was some wild lands belonging to
the estate which have never been disposed
OF or divided, and on this account the
final return of the Henry Brigham estate
has never been made Most of the heirs
were accounted to for their portions of
the estates, however and it is thought
that some of them, when they gave their
receipts TO him as administrator, allowed
him to retain the securities, and to act as
their agent. A temporary administrator
would have to be appointed before the
property belonging to these estates could
be touched now, and nobody can take
charge of the securities until application
has been made to the court of ordinary
for such temporary administration
GUARDIAN OF THE HEIRS
Col. Olmstead was guardian of Har-
court Brigham and Kate O'Brien Brig
ham after the rest of the estate had been
about wound up, and as such his bond
was $4,000 He accounted to the latter
for her entire portion of the estate and
was dismissed as her guardian Feb.
O. loel His bondsmen as guardian
for these two were w. $. Brigham
Henry r. jackson and Mamie G. Brig
ham. Gen. jackson. therefore. is the
only one outside the family who is still on
his bond as guardian of Harcourt Brig
ham, for whom he had charge of seventy
i've shares of Merchants National Bank
stock eighteen shares of Central railroad
stock nine shares of Georgia railroad
stock, thirteen shares of Central Railroad
Bank stock, sixteen shares of Southwest
ern stock, nineteen shares Of the United
hydraulic cotton press stock $500 in Cen
tral railroad certificates of indebtedness
the cash value of one share of Central
railroad and one share of South
western stock, 81 600 in Georgia
state per cent. bonds, $1,000 in
Gainesville, Jefferson and Southern bonds.
5000 in Georgia ~ per cents, 81 900 in
Columbus and Rome bonds, and 81 900 in
Augusta and Knoxville bonds. There was
also So, 1880 in stocks and bonds which
he received from his mothers estate. of
which Col Olmstead was executor,
and in which he gave bond for $50, 900. In
TINS case his bondsmeu were Fred M
Hull and several members of the family.
He was made executor of this estate
Aug. q, 1887, but as the other, with the
exception of the portion Of Harcourt
Brigham Mrs. Brighams estate had been
accounted for.
THE BYRAN ESTATE.
June ID, 1882, Col. Olmstead qualified as
guardian of Florence A. Bryan, lunatic.
who is now confined at the Pennsylvania
hospital, Philadelphia. Her estate con
sisted Of s., 1900 in city Of Savannah bonds.
$1,000 in Atlantic and Gulf Railroad
bonds, $4,000 in state Of Georgia a. per
cents, seventy-nine shares Of Central
railroad stock, fourteen shares
of Southwestern and $1,000 in
debentures. As guardian he
gave bond for $50, 900, Henry Brigham.
Fred NJ. Hull and joseph ID. Weed. being
his sureties. His last return on this
estate was made March 1894, at which
time there was cash balance on hand of
S3564. Prior to 1885 returns for this