Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1895-06-29

funds and the loans / made, whether
to men in office or not, were made upon
strictly business principles or for
friendships sake. In every case l
required what | considered good Sc
curity. AS n matter of fact / did make
a number of these loans, about as they
have already been fully described, and
when | tried. to collect them found that
the borrowers were unable to pay. This
probably cost me $50, 900.
"Then / loaned $4,000 to a relative OF
mine 60 invest in mining property and
he lost II. | was In no way concerned
i'm the enterprise, though ! thought 1t
sound and safe, but | took full security
ma thiss security will amply protect the
loan. | was also drawn into the North
west hotel scheme during the worlds
fair. ] did not want to go into II, but
was compelled to do SO to protect my
friends who were caught n also my
word, which had been given TO some of
them. There ! lost 81, 200. Then came
the failure of Digs bank and l lost
$S 5000 there.
what Broke His Back.
but the affair which broke my back
was the Gettysburg bank. During the
panic ~Lcppelman came to me and de-
manded assistance. | had only $1,000
In his bank. and could have lost that
without Inconvenience, but | considered
that if that bank should go there would
likely be a run on my bank at Rcdteld,
which was known to be in some rcia-
lions with the other and that If one
prominent institution should go down
the others would fall ike n row OF
bricks. / therefore took the bank of
L~eppclman's hands through the mort
gage But ! had been deceived
about its condition. 1t was in a far
worse plight than ! had been led to be-
lieve. | was compelled 10 put in $4,000
almost at once and later his amounted
to $7S. 900. traded a share of the assets
for some property in Newton, ILL.,, a
very good bargain and one which would
have made me a good thing. ] had just
about completed a trade of this en- most
attractive terms when an accident pre-
vented it's contamination late last fail.
Had this been completed l should have
been able to turn over the funds to the
state.
LAS q matter of fact, l had I'm property
On the first of January enough to make,
I'm connection with the money of the
state on hand, in good value fully $3.50
600. But II was impossible in the tight
condition of the money market to realize
on any OF my assets. The first suspi-
cion which came to me that ] could not
make the turn was last August. but
later | felt easier. i felt perfectly safe,
felt that / could certainly dispose Of
enough property, or at least borrow
enough To settle until early in Decem-
-, 4 InI n A.t,NlAp Of fptA,,dG nnI
they promised to raise certain sums. /
had the notes from prominent men
which have been mentioned. Treasurer
Phillips came to me voluntarily II
offered to treat the Redield bank lib
orally He did not mention any sum.
but ! understood that | could nave the
use OF $40, 600 or $50, 900 for a few months,
until | could make the turn.
Il had invested $4, 800 in Cripple Creek
and that proved Il loss. | had lost about
10000 In farming during the two years.
Then my efforts to collect in the loans
l had made to certain parties proved
Abortive. My friends were unable t.
raise the money they had promised. ]
could not get the loan | had expected.
Every string was pulled. Then the day
ptJolt SiIINNlIlus ! I'bIu NildL w bil'
best | would ] would be $780, 0G short in
cash. My first impulse was TO go TO
Pierre and turn over what ! had, but
when / called a council of my friends 1t
was pointed out hat this would certain
ly send me TO the penitentiary and
would impose a heavy loss IN my bonds
men. | therefore concluded on my
friends advice to put all my property
"a nd money i'm trJIGf Ia nTD4prt NV nnnG-
men and to conceal myself. The rest
you know.
Grateful to Friends.
81 want TO say that my heartfelt thanks
are uae 10 &, T. Mccoy, my attorney, who
was fully authorized 10 go to Pierre and
p ectea WIN tS I great 70 coura asen3 skill and ai9 ad hss
ity, and has done 1t all for friendship. Very
few attorneys would have done SO much.
] want to say also that every dollar placed
I'm trust and every foot OF property has
been turned over. Not Il dollar has gone
TO Mccoy, slcChesney or any other OF my
press my thanks to J. II. McChesncy, one
OF my b~ondsmen, whose name has so fire.
quently been connected with my case. His
strong friendship and perfect honor will
always be remembered by myself and
friends. ] will say further that the bonds
of Sphinx county which ] have been said
70 have fraudulently negotiated / never
The details of the compromise under
which Taylor surrendered are fully known.
having been reduced tc writing and signed
by the authorities. Taylor is to give himself
up and be sentenced to two years I'm the
penitentiary. Governor sheldon will par
don him before the expiration of the gov
errors term. Taylor will turn over s76O00
IN cash ane his bondsIlcn $50. 900 and In adj
dition he will convey "A large amount OF
property which the officials have agreed
to accept In full for the deficit. All Grim
inal and civil prosecutions will be dropped.