The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1895-01-12
TAYLOR TyDER ARREST.
South Dakota's Missing Treasurer
Captured in Memphis.
SAID TO HAVE BEEN TURNED LOOsI

This Statement, However, Is Doubted in
Tennessee's Metropolis Taylor said TO
Have Made Nothing for Himself by the
Mammoth steal.
PIERRE, S. d., Jan. 12.-The Taylor de-
falcation still absorbs all interest at the
capitol Ex- Governor Mellette came in on
Thursday night He is one of the heaviest
bondsmon, and before the flight Of Tay-
lor was known even to the state officials
he wired from Lafayette, Ind, that he
would be here and not TO begin suit on
the bonds, as he would turn everything
over to the state As Lafayette is the home
of Taylors father, it was supposed that
Mr.. Mellette would have a proposition
from the bondsmon for some sort of settle
ment.
This is not true He comes simply as an
Individual and is unable to throw any di
rect light upon the situation. He gives
some information, however, which has
changed the theory on which the people
here have been proCeeding-nam that
Taylor has been collecting every cent Of
available cash i'm order to pinch the state
and force a compromise. The ex-governor
has had some intimate business relations
with Taylor, and on Thursday last went
to Chicago to meet him and straighten
them. Taylor had left the day before, and
although Mellette searched for him for
two days he could get no trace of him He
then went to Lafayette and discovered that
Taylor was short; that his friends were
unable to help him out and that the de
fault was inevitable.
Mellette was in Chicago on Dec. II and
met Taylor there. The latter was appar-
emily in conference with a number of his
friends and bondsmen, and with Leppel
man, whose bank at Gettysburg failed
three months ago, and through that really
dragged Taylor down to his ruin. The
governor knew Mr. Taylor intimately and
trusted him thoroughly. He states that
Taylor told him a short time ago the his
tory of the bank at Gettysburg and the
way in which he was caught. During the
panic of eighteen months ago the bank
got into close quarters, and appealed to
Taylor for help. After consulting with
various bankers he loaned $1,000 of the
states money, all agreeing that to let the
bank fail at that time would endanger
every bank in the state, and would proba-
bly, bring ruin on all the people As he had
helped out several other institutions he
nelped this.
He soon found, however. that the con
| dition of the institution was much worse
than he had suspected, and having placed
so great a sum there he sent good money
after bad till he had sunk 100000 Then
| came his other losses, amounting to fully
half as much. and he was unable to bor-
row or sell. \ great amount of property
came into his possession from this bank
real estate, merchandise stock cattle and
other articles-and he made strenuous
efforts to sell. In this he failed and for a
time his friends helped him out. They
reached their limit, however, and he was
thrown on his own resources. He could
not get money from the east and was
! caught
Mellette has no knowledge or suspicion
| of his whereabouts. 1t is known that
Taylor, few days ago, put all of his prop
! erty out Of his hands, and even conveyed
| some trust funds, which will seriously en-
| barrass some of his friends. Investigation
| seems to show that the bonds are Of small
value, except one.
1t is understood that Taylor's father,
who was supposed to be wealthy, cannot
| be collected from.