The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-02-13
HE DID THE KRUG ACT
Rnfus Ramsey, Ex-Treasurer of
Illinois, Short $360,000.
LOANED THE STATES MONEY.
Died Before Exposure Cams-His bonds
men Pay the Money and Try 70
Collect From His Estate.

Carlisle, ILL.,. Feb. 12.-When Rufus
Ramsey who died suddenly three months
ago, supposedly of heart disease. went
into the state treasury two years ago. he
was thought to have been the richest
man In Southern Illinois. Within a week
over 500, coo in claims against his estate
have been filed. but the most startling
is that OF Ave Chicago bankers. who were
his surety as state treasurer. When
Henry Wuelfr succeeded the dead man
he found shortage of 1865. $685.. which
fact he communicated to Ramsey's bonds
men. who made 1t good. but have SO far
suppressed It. In the hope OF reimburse
ment out OF the estate Of the dead man.
Now. f. NJ. Elount and Carl Moll. CASH
iers OF two Chicago banks. have fled
In the county court claims for the full
amount of the shortage.
lived. and had he lived every dollar OF his
Ramsay, the deceased state treasurer OF
Illinois, had this to say OF his Affairs:
mo better man than Rufus Ramsay ever
w. II, Curtin. a close friend OF Rufus
indebtedness would have been paid and
his family left with $4,000. Had not
Henry Setter failed everything would
have been all right. Setter borrowed
over $4,000 from the Union Trust Com
pany, Of Chicago. and gave security on
200 acres OF land near Lebanon. This
money cane out OF the state treasury,
the trust company acting as a go-be-
tween. When he failed. his assignee filed
motion to set aside the conveyance OF
this property. and the bondsmen, rather
than accept security over which there
was liable 20 be a litigation. filed q claim
against the state. This property Is worth
in ordinary times over 10000. 1t was
worth THAT at the time 1t was accepted,
and Ramsay had a right TO do as he did.
The law allows a state treasurer to use
Is TO put It back. This has been done.
and everything Il all straight"
Springfield. ILL.,. Feb. le.-Treasurer
wui1 was seen today. and had little to
say when confronted with the develop
ments at Carlisle. lie said Rasnsay's
son had accounted to him for everything.
II there was shortage Ramsay's bonds
men made II good before the treasurer
went into the Office. wuifr had no other
course than to receipt for everything, as
the funds ia the office were as they
should be-
When the bondsmen fled their claim
IN the county court for s5ss IS the amount
was SO ssupendous that Judge Jones re-
fused 70 allow /; Until further proof OF
It's correctness was filed. This was done
on February .. when an ltenasxea state
uaent OF the amounts distracted By Ram
say from the state treasury was put in
the hands OF the court. II showed that
Ramsay had begun tasnper1ng with sta te
funds seven days after taking Office. on
January :. 1888. and continued up 20 the
day upon which Mr.. Ramsay took to his
bed. The claim OF the bondsrner on the
bond. which was fled IN the county court.
IS very simple In language. and reads Is
follows.
Estate Of Rufus NJ Ramsay. To John
II. wilheck et al. debtor. TO cash to be
paid by them as bozsasmen for Rufus y.
Ramsay. Iats treasurer OF the state os
Illinois. 70 Elijah p. Wifi. Ills successor
In Office 10 make good yhe former a.aest
a. such state treasurer. ssss. sss s2''
This sum will have 20 BE- paid before
any of the etfser sums can be satisfied
II L. villa. is known as the sixth class
trust fusd. while depcsitcrs' csatras are
In the seventh class. Together with the
claim Was paper coSEecsf7g Ramsay
with Henry Setter. the Lebanon. H..
banker who failed 30 asszss-uu=ly tuss
after Rau1sayss death. This paper stsoxx
that tbs banking Arm OF Henry Setter
& Co. oEed aarsay personally the suea
Of s-s2.5ss- There were also due bills
from the Nassa Lani Company amount
Ing TO =. sess- In addition 10 the elasr, az
<xs'g3 made BY TIE bondsnen. claims Of
merchants snf farmers OF Carlisle and
Iroa counties have bssn aaaa lr the eos,r..