The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1901-09-10

ence. So he went to London to shine
amid the splendor of royalty. He es-
tabIshed himself at the Hotel Tudor,
the abode Of the SWEETEST of London's
swell set. There he can rub elbows
with many of the mobiles Of the British
realm and the American millionaires
who do London in order to acquire So
zeal distinction.
1T costs only about $50 day to live
quietly at Hotel Tudor, but a young
man with $4,000 to spend on sum
mer's outing can stay for quite a spell
at such a swell resort That is one rea-
son, perhaps. why Patrick Henry
Wendt is not in a hurry to relieve the
anxiety of his partner. who is now bent
upon exporting the books of P. H
'Werdt & Co
''Wendt's career, SO far is it has been
traced has been an eventfuI one. En-
pl0yed in various capacities he worked
his way westward from Alton, H., till
he reached Los Angeles. He was a clerk
in the Santa FTe railroad offices at To-
peka, Kan, San Bernardino and Los
Angeles He was a conductor on the
Los Angeles and Pasadena Electric
railway, and also worked awhile for
the Terminal.
But the railway field did not offer
sufficient scope for the exercise Of
opened a stock and grain brokerage Of
fee in this city. He was fortunate
enough to get partner and clients
who had money. The latter now claim
that Wendt has the money and they
have a large fund of experience.
BE that $ it may, the firm of Wendt
& Co. prospered exceedingly, and it is
alleged that they made as much as
S100 600 profits in the last year. The
firms bank account always was a fat
one, at any rate. and according to the
cashier Of the bank where they deposit
ted, they never drew a check for any
figures but what they had ten times the
amount required in the bank to cover
it.
with such a cleanup for a years
business the firm could we'll afford to
close up during the dull summer months
and go off for q good time
'Wendt, it is said, had at least $27. 900
in his pocket when he left here for New
York on June 2 His partner, O. H.
Burbridge. accompanied him and it was
the intention Of both to take a run over
to Europe. but Burbridge changed his
mind and on June 5 left Wendt in New
York and returned to this coast. Wendt
sailed for Europe July 20
"Wendt & Co. did a large business
with Henry Clews & Co. Of New York
with whom they carried an open ac-
count and were supposed to have a
credit of about $4,000 when they start
ed on their summer vacation When
Burbridge left New York his under
standing was that this money was to
remain with Clews 4 Co. to be drawn
upon the firm as they might need it.
Upon returning to Los Angeles Bur
bridge arranged for a new Wire service
from Chicago west, for the resumption
of business in the future. This entailed
a cash in advance expense of Sc. 800. He
drew on Clews & Co. for the amount
and received the reply, No funds
This surprised Burbridge and he
started an investigation which showed
that Wendt. on July 16. prior to sailing
for Europe. called at the Office Of Clews
& Co. closed all outstanding accounts
of customers who We're carrying stocks
with Wendt & co. and drew the bal
ance without consulting Burbridge.
Having closed their Los Angeles Office
for the summer, Clews & Co. were car
rying the accounts direct Customers
had deposits to cover margins. but oU-
ing to the nature Of the business Bur
bridge cannot tell how the accounts
stand before the books are exported"
Wendt has been informed Of the anx-
iety displayed by his partner on this
side Of the water. and in reply says
that he drew out the funds from the
Clews company because Of q panic
which he feared might result from the