The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1895-02-22
RAMSAY s SHORTAGE

lowed In Connection with the Peoples
Money Condemned CONNIE cial
Agency Imposed Upon.
| CARLYLE, Ill.,. Feb. is-The excite
meut over the disclosures conce rnirg
the AFFAIRS of the late Rufus \. Ram
say continues undated. The full
meaning Of the collapse and realiza-
tlon of its ruinous results upon this
community Is just now beginning To
have its effect on the people. Al
though for the time being there are no
new Developments in the case, its de-
tails are being discussed and thor
oughly gone over by everyone.
| Elijah Ramsay. tie son of the dead
treasurer. arrived last night in Carlyle
from Springfield. but is carefully keep
ing his mouth shut. Instead Of being
one Of the most favorably known
| young men in town, he is being eyed
askance By the depositors whom his
fathers villainy has robbed Of every
thing. for they know full well how
much the son and ''ex-state treasurer"
knew. There are those who find some
palliation for him in that he was his
fathers son and young. but when lives
and fortunes have been wrecked by his
partial instrumentality. youthful
though he bc. there is no, much room
left for sentimental sympathy
The position of Gov Altgeld in this
matter. and of course that of Private
Secretary Dose. who seems 10 have
done for the governor what little talk
ing has been deemed necessary. is freely
commented upon and in no very compli-
mentary manner Doses staten mt
that he was willing To take oath that
the accounts of young Elijah Ramsey
a state treasurer when he turned over
the department To Treasurer Wulff
were perfectly correct j. laughed at as
a monumental piece of bluff.
OF course the accounts were all right
when the young man went out of Of
flee. This had been printed in big.
bold letters in the ewspapers. and
the people If Carlyle knew it, Mr.
Doses asSeveration 90 this fact is con-
sidered here as entirely unneces-
sary to add strength To the statement.
aud a being made only To hide the
course of the governor in appointing a
beardless boy as nominal custodian of
the states funds. while syndicate Of
Chicago banks were in reality serving
in this capacity.
The sentiment of the whole com
munity is one OF rtter condemnation
81 the practices which have been al
lowed in connection with the peoples
money. 1t is believed here that this
peddling Of STATE funds has been go
ing on for year, and that Ramsay
merely happens ~ nave been the one
who played il !;ttle too strong ct an
unfortunate time. His actions are
thereby not excused in any measure.
but the sentiment goes further. and
calls for an investigation into these
modern methods of finance and a con-
kequent stoppage Of such practices.
The difficulties in the way are be-
lieved 10 be many. and in substantial
tion of this is cited the pressure
brought TO bear on all sides to prevent
the facts about the shortage getting
into the public prints.
Itisargued that this shows how great
the influence which was exerted by the
members Of both political parties. who
We're cognizant OF the manner in which
things were being run. The gagging
of everything save the tongue Of gos-
sip Is n tremendous task in matter
involving SO much money and disclos-
ing such rottcnness. and the fact that
this was successfully accomplished for
SO long a time makes the people chary
of hoping for full and impartial in
vestigation. which may rebound to
their benefit. even though il does not
succeed in Furnishing those who in the
past have been guilty of the irregu-
larities.
Owing to the terribly-in volved con-
dition Of the Ramsay estate. and TO the
refusal If those having it in charge to
make the desired explanations. and
also to Henry Settlers indisposition to
discuss his connection with the dead
banker. there are many things that
are not fully understood. but the peo-
pie hope with Mr.. Setter that time
will yet bring out the whole truth.
Among the things about which some
of them are puzzling their heads is the
report of the commercial agents whose
province it is to accurately determine
the financial condition Of business con-
Germs. upon Rufus Ramsay.
In is92 Rufus Ramsay was rated in
Dun's as being worth from $4,000 TO
to s2oO, 900. with credit high" At
that time Ramsay was at least 500, 900
worse of than nothing. and how the
employees Of this concern happened to
miss the mark SO widely finds plenty
of comment
Ramsey seems not only to have had
the faculty Of making the poor people
believe he was rolling In wealth. but
of also fooling men presumably trained
to find the true inwardness Of alleged
accumulations Of wealth.
Augustus Schafy, the head Of the
banking house Of Schafiy Bros. in Car
lyle. points TO this rating in wonder.