Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1896-10-22

OF w. 7. Rambusch, the banker and
financial agent who disappeared Satur-
day and for whom a warrant has been
issued. will amount to $500 900. An
investigation of his accounts is now
being made.
Charles Quarles, attorney for Mrs
Spence OF Fond du Lac in the case
against Rambusch, said yesterday that
there is no clue at present TO the where
abouts of the fugitive from justice for
such Rambusch is. Rambusch left his
home at Juneau Saturday after draw
ing $500 from the bank and must have
passed through Milwaukee that day or
evening. MIR. Quar!es says that the
work of giving manufactured securi-
ties for money advances for loaning
by clients of Rambusch, has been going
on for some time, how long he does not
know. certainly since 1894, according TO
the evidence in hand. Mortgages
have been given in which the names OF
the mortgagors are fictitious, and the
abstract of title, furnished from the
books in Rambusch's office, shows that
the title is perfect, the entries being
forged, as a matter of course. 1t will
be some time before the full amount
OF the liabilities is known, as claims
are coming in every day.
Mr.. Rambusch is the defendant in a
libel suit brought by James f. Malone
of Juneau for the publication OF al
legged defamatory articles in The Ger
MANIA Milwaukee newspaper, the
articles having been written by Ram
busch. Malone laid his damages at
high figure.
Watertown Ms, Oct. 10. 1t now
transpires that the departure of w. 7.
Rambusch of Juneau leaves in its wake
some startling developments in thi
city. 1t had been known that he had
several clients in this city who had at
various times placed money in his pos
session for loaning purposes, but until
now 1t was not known that such a
large amount was involved. Estimates
made here lead to the belief that at
least $4,000 from this city has been
gwen to him on different securities.
1t is asserted that several widows have
been giving him their funds for the
purpose of investing and they are now
anxious to know how they stand in the
matter About ten years ago Mr.
Rambusch was implicated in a trans
action in this city at which time there
was openly charged against him the
utterng of a forged mortgage. The
matter was hushed up by the paying of
the amount and nothing further was
thought of it. The money furnished
him in this city was given by people
in the most part who can i'll afford
to lose it. Up to this time there is no
clue as to his whereabouts, although
some of his former friends here ad-
vance the theory of suicide while
others think he has left the country.
Juneau, Wis, Oct. l5.-A warrant
has been issued for the arrest of w.
T. Rambusch charging him with en-
beZzlement and attachments have been
served on his property by the bank of
Watertown ard some of his bondsmen.
The warrant was issued on information
sureties on the Nelson estate bond.
Rambuschs whereabouts are unknown.
1t is thought that claims against him
may aggregate nearly 100000. 1t has
been known for some time that Ram
busch's affairs were in a bad state. He
has had much money to loan and, his
integrity being unquestioned, the
loaners accepted his word regarding
securities on which he invested it. 1t
seems that Mrs. Spence of Fond du
Lac recently learned that a mortgage
on which he had loaned several thou
sand dollars was bogus. When this
fact was ascertained she attached his
property There are a number of
wealthy people in this section for whom
Rambusch has done business during
the last score of years, and Cashier
Hemmy of the bank, Attorney Lewis
and others apprehend that transactions
similar to that with Mrs. Spence, are
involved in his dealings with them.
An examination of the register of deeds
books reveals the fact that there are
$4,000 in mortgages on record in Ram
5uschs favor. These, it is alleged,
were issued personally to him for
money he loaned for others, and II Is
feared he has disposed of them, as they
cannot be found R. H. Burke re-
ports that he recently borrowed $500
from Rambusch, giving him note for
chat amount and another note for
81 300 signed by third party as col
lateral 1t is feared Rambusch sold
the notes, az neither could be found
among his papers farmer named
Guenerl, who lives south Of the city,
says he borrowed 81 900 from Ram
busch, giving him a mortgage for the
sum. He says he has paid him $500
which has not been endorsed on the
mortgage. and as the security has been
sold by Rambusch with no evidence Of
the installment. ii must be paid again
The sheriff in going through Mr..
Rambusch's papers. has found only
hla n Do IA -nl