St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1895-01-03

q
New York and the light Jnahner In
which the banks paper WIS being
treated and asked for an immediate ex-
PLANTATION.
BrsNder was called to account within
an hour, and 1t was then that he made
his confession. There had been leak
somewhere. however. and the news was
all over the street that the Nevada
bank had been pinched In wheat
When Brander had answered the long
catechiSm that he was subjected to
there was an appalling condition Of af-
.fairs 10 confront. There was not none y
enough left i'll the bank for the tran
sactlOn of ordinary business, and a
closed door smash looked to be til e next
likely occurrence. Securities had been
used as freely as money. and III this
Brander overreached himself and be-
came liable to criminal prosecution.
In providing for his relatives Mr..
Food had presented his sister, MIS-.
Follls, with 100000 worth of govern
-,ment bonds, which Mrs. Follis kept on
I'd epOsit in the banks strong box, only
calling for them at coupon shearing
time. They were made over to her
absolutely, and were merely in the
lbank for safe-Keeping. Neither Flood
y ~
for an instant, and yet Brander was SO
consumed with his idea of making his
corner by sheer weight OF money that
when he could no longer draw Oh bank
funds lie hypothecated these bonds for
nearly their face value.
Branders Narrow Escape.
When this bit Of information reached
him it nearly caused Floods death.
nrnl,f IN bill ~ In cold IN
Brander. and there is little doubt that
he would have carried his feelings into
action if he had not been restrained by
cooler heads. His friends conceded
with him, but pointed out that he would
necessarily be tied up in prison for a
while. anyhow, and that he needed his
liberty to save himself. The old man
finally agreed to foregO his vengeance if
Brander was kept out of sight, and
nothing would satisfy him but sending
the wrecker out of the country.
The question OF prosecuting Brander
for appropriating Mrs. Follis' bonds was
discussed. but that step gave promise Of
precipitaIing trouble on the bank from
the excited financial outside. and was
temporarily abandoned. Flood, how
ever, would not do a thing as long as
Brander breathed the same air with
himself, and a number of his friends
went to Brander on the Sunday
following the ''black Friday ami hus-
tied him out OF town.
Brander told them that he did not
have dollar and could not leave, will
ing as he was to get beyond the reach
of Floods vengeance. He had been
puschasing the old Alex. McLane resi-
dence, on Harrison street, on the in
stallment plan. and consultation of
Floods friends finally resulted in their
paying him what money he had already
put up and giving him liberal price
for his furniture. Ex-senator Fair was
the purchaser OF the furniture.
With the money thus realized, amount
ing to $4,000, Brander gathered up his
family and departed for Europe few
days later. He never stepped foot In
the bank after his interview with Flood,
and the only public appearance he made
was in the Office of the Anglo>Ameri-
can Insurance company, of which he
was president.a and which was controlled
by the owners of the Nevada bank.
A Prospective Loss of Millions.
Brander's confession showed that he
had bought wheat with the banks
money until, if all the contracts were
made good, and sales were forced at the
low figure prevailing, the institution
would lose nearly ST, 00o. 900. Flood was
bodily sick, and the condition of affairs
he had to face nearly killed him. He
could see nothing but suspension In
sight, and called in the late Hall Nc
Alister to draw up the papers asking
for the appointment of a receiver. Nc
Allister complied, but before filing the
document the attorney took 1t to Thomas
n ~f No anIr Of Inti fnr
discussion as to some OF the details. this
action being in accordance with Floods
request.
Brown did not wait for McAllister to
finish stating his errand before he broke
out in a vehement protest.
For Gods sake, McAllister," he eX-
claimed, don't let Flood do this"
In Browns mind the move that Flood
contemplated would have precipitated
a panic that would have sent houses
topping in financial ruin. He begged
McAllister to persuade Flood to take a
little time to look around.
lister returned to Flood, but the
latter could see no light. The bank had
closed business at noon on Saturday,th the
regular hour, with $36S as the total of
cash on hand, and every scrap OF Dego-
table paper that Brander dared touch
had been burned up in the wheat pit
along with the money. Even Miss JeD-
ME Floods securities had not been
sacred to Brander. and they were gone
with Mrs. Follis'. On top of this Mackay
from New York that he had
discovered that no less than sixteen
ships had been chartered there to load
wheat at the banks order.
The Bank of California Helped.
"Three hundred and sixty-eight dol
lars" said Flood. THAT'S all | can see,
and rve been looking around a good
deal. You can tell Mr.. Brown that there
is nothing else to do but the course l
have named"
McAllister held aDother conference
with Brown, and it is presumable that
he revealed the true state of affairs to
him.
Brown feared panic such as the
had not undergone since
the stormy times of his own bank, and |
he was determined that the Nevada |
bank should not close ltr doors. 1t was |
a reversal of the hard times of the Bank |
of California, and if there had not been |
so much at stake in panic probably |
memory of the days when Flood d |
O'Brien were credited with making an |
extravaganza boast about selling whisky |
over the counters of RalstOn'S instltu-
ton (this has been denied: by Flood |
would have stayed the helping hand |
Brown was able to extend. At any rate !
he was so determined that the Nevada |
should not close, that, as a dernler
resort in the accomplishment of his
purpose, he exclaimed:
''Tel Flood We'll help him; the Bank
of California will lend the Nevada bank |
100000 to open up with Monday
morning"
After much urging on the part of
friends, Flood accepted, aud Monday |
the bank opened for business
as usual with full coin trays. The sight |
of these trays checked the promised
run: more aid was received from other |
sources, and the danger was tided over |
for few days. James q. Fair had an |
idle million and quarter that he had |
set aside to buy ranch with. and this |
was placed at the banks disposal.
1t took long time TO straighten out |
the tangle and much compromising and |
general laundering. Ii the bank had |
i<,,o,, foroad 70 unload itc inmnpSa hold. |