New-York tribune., 1895-02-13
HIS SHORTAGE S36O,O00.
THE LATE RUFUS RAMSEY. STATE i1'rN'-
URER OF ILLINOIS. A DEFAULITEf'
THE SUN MADE GOOD BY HIS BoNDsMEN-IhEi
ARE LIKELY TO RECOVER $4,000 TO s.2''""
MUCH OF THE MONEY GIVEN BY RAM
SEY TO A FORMER PARTNER
on HIS NOTES.

SEY TO \ FORMfk fahiNr''
on HIS NOTES
CARLYLE. ILL.,. Feb 12-Judge Jones. OF Clinton
County sitting as a Probate Judge in TINS ci'y
last Saturday, made the claim for sS6o,ooo OF 'ne
bondsmen Of the late Rufus Ramsey az state
Treasurer OF Illinois. against his estate pre-
ferred claim Of the sixth class. The bondsmen
who stood in the place OF the State took this
action to reimburse themselves for having made
good the same amount OF shortage discovered
I'm the accounts Of the late Treasurer or ILLINOIS,
when his Office was transferred to his son Eli)ah
last November The Ramsey estate IL valued
at $50 O0O and If the widow does not forego her
dover rights the bondsmen expect to realize
s125,O0O from their claim Judge Jones aiio"eu
only one other preferred claim. amounting 10
a few thousand dollars.
Chicago Feb l2-Carl Mol. cashier OF the
National Bank Of Illinois. one Of the sureties on
the bond of the late State Treasurer huius
Ramsay and an appointee OF Governor Atgeiu
as West Park Commissioner. said tonight III
regard to the claim OF the bondsmen against the
Ramsay estate and the reported defalcatioh vi
s9oooo: ,.. , $40 ,ouou,os Chicago
banks were OH the bond OF the late Ru4s tam nm
say. for The agsregate sum OF SVoV": :hange Fort
Dearborn National. Metropolitan National ahd i .,I
as dcnos,tories of state money. When Mr.. Ram.
saw died suddenly at his home in Carlyle early last
November Governor Altgcd appointed Ehjah, me
son Of the deceased to serve the OF the term
The law requires the presence or the poiu.n' ~ s
when any transfer OF the Treasurers office is to De
made: so +. VI. Bount. cashier OF the chicago IA IA
tiona Bank. and myself, represenunS the h no"' ar
counts were examined and the funds turned over ,r
The startling dsccyery was de hd a, hoen .n's snsap
propriatcd We found notes OF Henry seiIer, =, a
mg @ Sd hn oniy E security attached 20 the
notes stock in the Illinois Farm tIsn CompInmy
which owned several thousand acres OF iaIin iaiIu
In Illinois We also found due b,s bs o ro',nt mn,' of
for s5Jc lie had simply taken that "a, amo"ns w NJ os
money from the treasury ana lett que o''s ~ '"'"
The total deficiency was mad good a, once s,a,s 1y
Treasurer November q. there was not dollar
owing the state When the present Treasurer
satisfied with the checks OF the Chicago banks
and demanded currency for every dollar rtpre b,n
and we have his certified receipt for every cent
owing by his % rhf aPS1' is .nn
estate tat 'f probably is worth $1,000 The bopd'men
IDENTIFY began borrowing from the State Treasury
the funds former partner OF the late Treas
mrer in the banking business Setter was IN The
cratic leader in Southern Illinois. We made him
turn over to the bondsmen S' acres Of LAND which
last month The hondsmen have 100 acres of
ss'" sot alresethsr from the farm land. and tho Ram
soy estate from 500 0o to s22'."H. which WOULD
/ talked with Setter all night and tried 20 hnd
out how they spent the money. hut could not; |
entered tho once no, only poor. bur IN debt. and
used the sll50DO TO pay his dents with.
7 don't betieyc he committed suicide hr was
subject to heart trouble. and the worry over ms
shortage coupled with the know ledge that, his sic.
cessor having been elected. and Ncpuhlcan NJ
that exposure would soon follow. hastened his ehd
did NOT think r0ey could be compelled by legal proc
css 10 make good the shortage. but 10 avoid a
public scandal. decided 10 pay IL,
At the time Treasurer Wulr was Installed In
office the fact was made public that there had
been found In the Treasury certain mortgages
and other securities FOR money loaned by the late
Treasurer; but no amount mentioned. aud
there was no iniimaton 4 any crime having
been committed by Mr. Ramsey while IN Office
The statement WAS made that the securities
found I'm the Treasury could not bc realized On
In the depressed state II the market 10 the fun
amount Of the money loaned. and, AZ "A consc-
qucnce the bondsmen made good the den 'lenry
and received the collateral
Springneld H.. Feb i2.-State Treasurer
Wulf when asked concerning the alleged short
age Of cx-Trcasurer Ramsey. said. That as
far as the state Treasury was concerned, n"
shortage existed. and he knows nothing about
any when he took the treasury. every paper
was in its place. and the cash was Nerihed 10
the cent The claims filed at Carlyle are by the
banks which were Mr.. Kamsey's bond, ana
which hold paper on collateral for the amount
due them. f. i. Ramsey who succeeded MS
father i'm Office said that there was nothing
new I'm the matter and that the claims had been
filed against the estate. according TO law.