Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1896-12-16

OOOH ObllSCO W uldkO SdCTluCOS 10 raise
money. When he left he said that he
was feeling easier, because be had paid
all the mortgages which were not con-
sidered as good as the others he holds
and thought that be would have no
trouble in disposing of the others if it
became necessary. He told me that
his clients would not lose and tLat he
was dispoeing of his own property to
meet all demands.
Il can not say exactly how much
money Mr.. Hahn has invested here,
but | think it is about $50, 900 to $780,
600. l doubt if there will be loss of
$4,000 on the securities as claimed by
his son, but if there is it will not be my
fault. Every loan that I made was
thoroughly explained to Mr.. Hahn.
He would come to the city and look
over the property and make the loan
in person. Any,charge that I misrep-
resented the property to Mr.. Hahn is
untrue and [ can prove it by any real
estate man In the city, When some of
the loans were made before the hard
times, who thought that property
would fall in valne? That it has, [ cannot
help. The only money that Mr.. Hahn
can lose here is on second mortgages
and when he made their loans he knew
all the circumstances. There is one
loan Of $500 on the south side which
told him would be doubtful, but he
said ne would take his chances. But
all loans that | recommended were
satisfactory to him and he will not find
that L mlsrepresented facts
4 collected all his interest here and
sometimes [ even advanced money for
the interest when it fell due and re-
mltted it to Mr.. Hahn In several
cases | did this until could not carry
the mortgages any longer and had the
property holder turn the deed of the
property over to me, after which [
signed the deed over TO Mr.. Hahn to Sc
cure MS loan. In paying the interest
OF some of the people, / ran short of
cash and Mr.. Hahn advanced me some
money, but all that has been made
good by ME turning over to him some
property | had. All my transactions
have been strictly honorable and when
Mr.. Hahn was in the city Thursday he
was very friendly and had no COM
plants to make. / lave many letters
from him, all of which show that our
relations have always been pleasant,
Mr.. Hahn will be in the city Monday.
| have telegraphed him that I want
him, to negotiate loan and he has
promised to be here. He is an honest
man and | know that nobody is going
to lose cent through him."
A dispatch from Marshfeld in Tues.
days Sentinel says:
Charles Hahn, of Watertown, is n the
city with his wife aud his son, E. j. l..
Hahn, who conducts a real estate and
loan business here. He saws the state
ments IN yesterdays Sentinel as to his
business investments were in the main
correct and that be is financially
rained. The earnings of bis lille are
hopelessly lost, and all he has to his
name is twC-story brick building in
this ci,y In which his sons Office is
located, and this is incum bered with a
S3, 600 mortgage, which ne recently OBJ
tanned. He says he paid interest on
his investments as long as possible, and
then left Watertown broken hearted
and pennlless. In leaving Watertown
he did not intend any flight. but had 70
90 somewhere to get much needed
rest. He says that be don't intend to
keep anything secret, for all his money
was earned and lost honestly. He will
do all In his power to straighten mat
ters up, but has not decided on what
course to take, He will make this city
bis home for the present at least.
THE LATEST.
ltis positively stated this morning by
0. c. Hahn that his father is in the
city and will be at bis Office this after
noon attending to business affairs. Mr..
Hahn was seen Yesterday by Water
town people in Milwaukee, where he
was called on business.