The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1902-06-20

deposited at the Union Bank q TruI
} Company for the purpose set out.
With this knowledge in mind th
note holders naturally became solicitor
and demand was made on Mr.. Marx
for settlement on securities to th
value of So, 900. including the S17. 5O(
To cover this he arranged for NOR
gage of the former sum to go on tn
jackson estate. saying at the time b
only owed $40, 600. and begged that til
instrument be held up until he coul
secure the entire sum by a deed O
trust. As heretofore stated he di
arrange for borrowing this amount from
the Nashville Trust Company. claim
ing that he was to be Joined by Gen
w. III. jackson and Mrs. Elliston
There was hitch in regard to tn
execution of the mortgage ON accoun
OF suit against the jackson building
which involved a mechanics lien o
80, OO0 1t was thought that with the
adjustment of this that the loan would
be made. provided Mrs. Elliston joinet
in the conveyance.
GAVE REPEATED PROMISES.
From day to day during the early
part of last week he gave repeated
promises that he would settle the $22.
! COO out of the large loan that he ex
pected to secure, and in this way also
pnt off having Mrs. Elliston's name,
joined with that of himself and Gen.
jackson, in signing the first mortgage.
He gave out as positive statement
that the money was not for his own
use and the transactions came about
II his effort to relieve the estate from
the embarrassment of being pressed for
money. AS the week went on it ap-
pears that he grew careless about mat
tiers generally, and did not exhibit to
the creditors the interest which they
thought the situation demanded in Sc
curing the $40, 600 from the trust cou-
pany.
AS late as Friday last he could not
be located by those interested in the
transaction, and at one time it was re-
ported that he had left the city.
MORTGAGE REGISTERED.
With matters in this chaotic state
the fling of the mortgage of $22, 600 was
thought to be necessary by the credi-
tors. Mr. Marks discovered Saturday
morning about 8 80 O'Clock that the
instrument had been registered, but
did not seem to be perturbed about it,
He, however. took steps to have the
matter suppressed by the newspapers,
giving as his reason for this that it
would probably prevent him from Sc.
curing the larger loan to pay off all
the things that were pressing him.
Id InAo A
Price in regard to the suit against the
Jackson building and when Mr.. Price
tcld him the basis upon which his
client agreed to settle, Mr.. Marks left
saying he would write about it hint
self. At this time it was 9:15 O'Clock
in the morning, and it is said that
while en- route from the Cole building
70 the office of the deceased, an Incl
lent occurred which proved possibly a
asst straw, that Overweighted the I'M
fortunate mans mind. 1t is said that |
lie purchased pair of cuff buttons on |
Cherry street and rendered his check |
or $40 in payment. He was told to
AXE the cuff buttons but at such an
'arly hour that much change was not
n the house.
FEARED THE WORST,
The theory is advanced that Mr..
Marks took this as an excuse for de-
lining his check, and as signifying
hat nws of his financial transactions
nd embarrassment had become known
o the world. This, together with the
revious harrassments, one Of which
q had probably worried over for many
weeks, no doubt, broke the bounds of
eason and brought arrangement to the
yearied mind.
TURNPIKE MONEY.
The $32, 525 collected by Mr.. Marks
)r the sale of the Richland road in
lead of being deposited at the Union
ank q Trust Company. was handled
y the Fourth National Bank, although
le draft was drawn on the First. ]
hat disposition was made of the [
oney is not known, as the officers of |
le Fourth failed to give the informa- &
on as to whether or not the draft
as cashed or applied to debts held by t
lis banking institution. The holders ,
the stock are no doubt amply Sc @
lred, as the company that formerly d
vned the road are responsible to those G
no are in possession of the hypothe- v
ted stock until the money derived
ON the sale Of the property is dis
ibuted properly.
1t was matter of general report b
ound the city that other matters e
ould come to light in time to in Il
ease the burden of debt of the law a
r. 1t was also reported that Mr..
arks was involved from unsuccessful
ecnlation in New York, but there
ems to be little foundation for such &c
story. r
nashville, June 16.-Gen. w. H. b
ckson was seen this morning by a fl
porter and he made the emphatic ST
Itement that no expenditures of mon d.
that has been made by Mr.. Marks in
re in behalf of the Belle Meade es- I'll
70 or for him or the Jackson family. til
L has been more than a year Gen. re
ckson said, since Mr.. Marks had bl
an in charge OF the business of the
lie Meade estate. The statement til
II he was financiering the estate i'm of
diately previous to his death are, he en-
d, entirely without foundation. CO
of
June 1.-THE Marks III