The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-01-10
VIM. Taylor, Ex-Treasnrer Of
South Dak0fa, a Fugitive.
HIS BANK AT REoFiElD CLOSED.
All His Property Transferred and
Nothing Left for Bondsmen.
Delinqucncy OF Man
whom Every One Trusted-srccess-
full In Politics and Busincss-The
Town OF Redfeld Paraiysca by the
Failure.

Aberdeen. s. D., Jan. a.--Esrofn an abSo-
iuteIy reliable source it Is learned that
the degaicatian OF state Treasurer w W.
Taylor viii reach Sselosa. Practically all
the state moneys were in his own hands.
except some sas.ss0 or ssa.ea. which was
on deposit in various hanks. The wreck
Is complete. 1t has been known for a
year that Taylor personally haf been
In bad straits but not ono OF his most
intimate friends thought his situation
hopeies or even desperate. They knew
he had been advancing ard investing
money reck.essiy. considering the times.
yet they never dreamed the truth. When
the officials make an Investigation of the
treasurer's Office they viii be simply
appalled, al the condition Of affairs.
Waiter w Taylor was born IN Indiana
about 1854. and was fer time associated
with his father. William Taylor. In tie
wisoiasale coal business at Lafayette.
From the time he Was is years cid he had
almost exclusive charge of the business.
and demonstrated wonderful capacity
for graspiag the details and intricaeies
OF very large trafe. lie came 10 na-
kota In 1856 and established the First
one of the leading financial institutions
in this section He took an active part
In politics from the first. was earnest in
tbs struggle for statehood, and was q
delegate from Sphinx county 10 the first
state convention held in Huron in lsss.
At she approval convention of 1850. held
at Mitchell. ne entered the face for state
treasurer and secured the nomination
aff =. 81 rnf nssf 60
He was re-nominatei and elected for
first Of January of shs present year His
hank had a capital Of $51,0oo. a surplus
OF $4,000. and did large business.
Pierre. s. d., JAM 9.-The alleged fall
ure OF w. III. Taylor, the outgoing state
treasurer. to turn over The office TO his
successor yesterday, has started runners
flying of investigation. Taylor SEEM
ingly cannot be located, but his bank at
Redheid closed its doors last evening.
and he is alleged to be short large
amount OF state funds. just how much
cannot be now learned. 1t lis reported
that about s250.oo should be on hand.
Public Examiner Meirs has not been
able to secure a statement where the
funds we're deposited since last April.
failed to locate Taylor. Ex-6ov Aleiietze,
one OF his bondsmen. Is on the road from
Indiana, and other bondSmen are on his
track.
Redfield. s. D.. Jan. 9--wiiliam Taylor,
the defauiting state treasurer. .s1as also
president of the First National bank ard
Northwest Mortgage Trust Company, Of
this city. The news of the closing. OF his
hank here came Eke a taunler=ap frem
a clear sky. because both Taylor and the
financial institutions which ne WAS con-
neesed with were regarded as firm and
reliable. The news from Pierre demon
strases that no mnney is held there TO the
credit Of the state treasurer, ana none b
held In the hank here. 1t Is estimated
that about $3.50 coo Is missing with Tayior.
On Tuessay morning his tank here
opened for business as usual and the
cashier. F. w. Humphrey. stated that IL
fselsi 20 per cent. of deposits sa cash anf
In bonds Of approved reserve agents I'm
the East Thera~was n quiet run on the
bark Tuesday by parties who had their
suspicious aroused by receiving private
information from Pierre that Taylor Rad
not shown up there, and that something
was wrong. The bank officials decided TO
close the bank. subject 10 the decision Of
the ssonaptrsiEer ef the treasury. THIS ac-
eion was taken for the projection of the
Daak and It's many degocsAtors. Cashier
Humphrey declares that sieYogltors win be
paid in full as soon as the government
examiner concludes his examination. a.
there Is an excess OF fully ssg.Geo in good
paper. beside about 10 per cent. deposited
In ether banks. The bank here Is not
compromised financially by Tayiorss de-
fauss. II was stated autharitixeay that
after the examination Of the bank. ard
wren It's credit is restored. II viii reor-
ganize and reopen for business. The wcFst
blow fails on Taylor ana his bondssnen.
MANY of whom i've here and are prom
snert men in ResiHeId. Taylor went from
Chicago 10 New York. since which time
no information has been resolved az 10
Ma whereabouts. anI il is not known
whether the state or his persisnaen fave
bsen protected IN any way OF aos-
The Pierre banks were suspicious Of
Tayiorss absence ard withdrew their de-
posits from the bank bere before II
closed 4 letter was received here from
New York today. dated January 8. from
Taylor. In which he says he counted on
friends 10 make up his shortage u the
state. but they failed him.
1t develops that a rlasser mortgage
reached RefaeId Wednesday morning. and
w-as daily nie4 in the register of deeAs'
cfsiee. transferring TO a company IN CHI
esawo ali his real estate ard ehatiels IN
this city and IN sgsink county. Next to
the state. the hlcw fails terribly hard on
his principal sfonssyren asfo resi1e here
They qualified ia sums representing all
they have in the aoFif- The entire city
uSe-f tsxe bank for q Gegsss4fofy. heFsce a
deadly paralysis has affected ali tse
arteries ef trade and eoeiaI life. Comp
ssDIse- EckeIs has wired thai Examiner
zimmerman has been or4eref - coraas
here al oEce ana take charge of the basak.
\ ssnk safe Robbed of $4,000