The representative. [volume] (St. Paul, Minn.) 1893-1901, 1900-02-22
vnn0H Have you noticed what wheat
UeA IS. bssn doing re past ten
stia higher befoss buyin@. Our Mstn.t = T 60
ter and Dooktet How TO Sell Crop and Still ave
II" mailed FREE Bark Reference. Phone 1908 M
". n. HAMMOND { Co., Brokers.
600 Corn Exchange. Minneapolis, Mimi
the Old party papers mock and ridicu1e
all who would come to their rescue.
l. D.
OUR ROTTEN PROSPERITY.

OUR ROTTEN PROSPERITY.
We clip from Chicago paper of last
week the following interesting item
showing that bills and notes of the
Chemical bank of that city, aggregat-
ing nearly a million dollars, were sold
at public auction for about $500!
Assets of the Chemical National Bank.
representing a face value Of more than
xSo0,oOO, were sold this morning by Receiver
William c. Niblack for little over $500.
Inese assets represented bills receivable
judgments In favor OF the receiver. due
from national banks disputed balancesl.
stocks and overdrafts
The sale OF the real estate was put over
until the afternoon.
The bills receivable and judements were
sold separately, and the sale was provis-
ional, the receiver declaring that he would
oner the entire batch for one bid in the
afternoon. The real estate will be sold in
the same way, and then the entire assets
bills real estate, etc., will be offered for one
bid
So bidder at the receivers auction not
only bought pig in poke, but was left in
uncertainty as to whether he should retain
his purchase
The bills receivable were sold for 1904. so.
They filled nearly a dozen pages in the
catalogue, but not half of them were bought.
Receiver Niblack encouraged the score or
so OF bidders by stating that So-and-So was
good dresser and that a judgment
against him ought to be worth 81 even If he
had been through bankruptcy. number
OF notemakers and judgmentees were men,
toned as good fellows" who might like
to buy their paper as mementoes.
HAS FAITH IN THE NAME.
One reckless bidder ventured so cents on
judgment against Charles A. Dewey for
Commissioner David Kalis was advertised
as good fellow, and a judgment against
him for $204.75 brought the high figure of So.
bunch of disputed balances due from
national banks aggregating $3059.01, was
bought by A. A. Timke for so cents. Worlds
Columbian exposition stock to the amount
of $4,000 was bought by A. P. Starr for $52
but Sal, 800 OF Chemical National Bank stock
brought only 1925. Mr.. Timke seemed to
want that Mr.. Timke also bought page or
two of overdrafts, paying 1925 therefor.
Most of the bills receivable went begging
few brought out spirited bidding note
for $1,52713, manufactured by c. W. Cole
hour, went to A. P. Starr for $40.
c. E. Paine had confidence enough in
Charles Green & Co. to risk $50 on 1928, 900
of their paper.
A. P. Starr invested s27 in paper of the F.
E. Roberts Foundry company labeled $40, 900.
ANOTHER BIG BARGAIN
A very attractive package Of notes signed
by E. c. Veasey, formerly second vice.
president of the Chemical, was bought by
Mr.. Pinkney for $67. The paper called for
$24, .43. Mr.. Veasey was also recon-
mended as a good fellow.
Very little money was ventured on the
Judgments Fifty cents or a dollar was the
extent of many of the bids, and the receiv-
er's smile said money thrown away" He
had been there"
c. E. Payne paid $35 for judgment of
$53978 against George NJ Bogue. o. D.
Wiley bought one against Edward c. and
William G. Reichwald Of $1O,39OO3 for SIC.
A. P. Starr bought one of $2O4.75 against
Good Fellow Kallis for $25.
The biggest Judgment $241, 400 O3, against
Joseph F. Forsyth and E. A. Hyde, brought
so cents. Mr.. Timke bought 1t. Mr. Timke
must be thinking of papering a room.
The same paper that contained these
evidences of the solvency of the Chicago
business men published the following
news item:
Straihtened circumstances and family
restitution prompted Charles Lehr to COM
nit suicide at his residence, 6346 St. Law
renee avenue. The bullet entered the mouth,
passing upward and came out at the right
temple.
Lehr was valet, but lately he had been
unable to obtain work. He leaves a widow
and four children.
He frequently made application to some
of the charitable people of Woodlawn, but
his plea for help received no heed until this
morning when Officers Dolan and Shea, of
the Woodlawn station, went to the house
to investigate the condition of the family.
They were just about to step into the
house when they heard shot within and
soon they found that Lehr had taken his
life just as assistance reached him.
Letters were found addressed to the Ger
man consul in Chicago asking for assistance.
few days ago his case of restitution was
laid before Rev. F. w. Millar, 1925 Monroe
avenue, but no one had offered aid to the
family.
Lehr's remains were taken to O'Donnells
undertaking establishment at 1928 Cottage
Grove avenue
We were called upon at our hotel
by an elderly gentleman, an educated,
able man; a writer for the newspapers,
and formerly the owner of large prop
critics in Iowa, who showed us his purse,
containing two nickels. He wanted
enough to buy his dinner.
The world is full of such wrecks.
A gentleman living upon Lowry Hill,
the most aristocratic part of Mime
apolis, told us the other day the tale of
man whose home, costing about 81 900,
had just been foreclosed on; and the
owner was left in his old age gazing
down the vista of life, with the poor
house at the end Of the prospect. Our
informant added that of "a men who
had built handsome houses in that Sec
ton ten or fifteen years ago, costing
from $1,000 to $4,000 each, all but two
had been dispossessed of their homes
by the shrinkage in values due to the
gold standard. And yet, probably,
every one of them would sustain at the
ballot box the policy which had ruined
them.
One can hardly pity such men, al
though the agony they represent is in
calculable. /. D.