Oxford eagle. (Oxford, Lafayette Co., Miss.) 1876-current, 1895-01-17

How the Dcfauiti-E Treasurer va. Csurht
We Was Liberal tI-ip w.. Friensi.,
Nhss When fit% rluir Of N-ce.-ity Came.
wsr~ VHsbir q" Repay Their Loans or TO
kxtsad Needed A--tstanee.
PfrBRs. 5. d, Ian. is.-Tavlur's de-
talcatiua still ahSorbs all the interest
at the capitol. Everyone had been
awaiting the arrival of ex-tiuv. Mel
iette. who came in On last evening ;
train. He is one of the heaviest bonds
men. aud two days ago. before the
flight of Taylor was known even 10
the state officials. he wired from La
fayette. Ind, That he would be here
Thursday night and not to begin suit
ON the bonds, rs he would turn over
everything Co the state.
A. Lafayette Is the home of Tav-
lnr's father. it was supposed that Mel
cite would have n proposition from
the bouhsmcu Tor some sort of set
tlcment. This j. not true He comes
simply as an individual. and is un-
able :" throw any direct light ON the
situation He gives some informa-
tion. however, which has changed the
theory on which the n~ople here have
been proceeding. namely. that Taylor
has been collecting every cent OF avail
able cash in order Ia pinch the state
ami force a compromise.
The ex-governor has had some inti-
mate business relations with Tav-
lur. aud an Thursday last went 10 Chi
eago 20 meet him and straighten them
Taylor had left the dav before. how
ever. and although NeiIette searched
FOR him two davs. he could get no
trace II him. lie then went to La
favette and discovered that TAYLOR
was short. that his friends were I'M
able 10 help him out and that the
default was inevitable.
Mellette was in Chicago on Deeem-
her =. and met Taylor there. The
latter was apparently IN conference
with a number 81 his friends and
bondsmcn and with Leppelman. who's.
bank NJ Gettvshurg failed three
months ago. and who, through that.
really dragged Taylor down to his
ruin
The governor knew Mr. Taylor in
timatelv and trusted him thoroughly
Tie states that Taylor told him a short
time ago the history of the bank at
gettysburg, and the wav in which he
was caught during the panic % eight
cen months ago. The bank got into
close quarters and appealed "a TAYLOR
for help After consulting with ss.v-
cral bankers he loaned $50. ON Of the
state money. all agreeing that to let
o. e
danger every bank in the state. and
would p-ob7b bly, bring ruin On all the
people A. he had helped out several
other institutions. he helped this. He
found soan. however. that the eondi-
tiuu Of the Institution was much wors..
than he bad suspected. and. having
placed 80 great sum there he sent
guod money after bad until he had
sunk Sio0.uo. Then came his other
lossss- amounting - fully half a.
much norc. lie was uuahleto borrow
or TO sell a great amount II property
that came into his possession from
this hank. such a. real estate.
merchandise. stock cattle and
other articles lie masis. strenuous
efforts "a sell. but failed and for a time
his friends hclpsd him cut. They
reached their limit. however. and he
was thrown Jn his own resources. lie
cguid not get money from the east and
was caught
Il i known that Taylor, a few days
ago. put all Of his property cut OF his
hands and even conveyed some trust
funds which will seriously embarrass
some of his friends
Investigation seems Ia show that the
bonds are of small value except one.
and that IS unknown II Is understood
that faylor's father. who was supposed
Ia be wealthy, cannot be collected
from.