The Washburn times. [volume] (Washburn, Wis.) 1896-1976, 1903-04-23

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There many people in Bayfield, county who SUI
psed when the Milwaukee of the disappear
of Henry Herman capitalist and promoter Herman was
quite well known here having been the purchaser large
blocks of Bayfield, county bonds holding other bonds m
which litigation hebuidg Of the Bayfield,
Western branch bf Washburn Bayfield, and Iron Rve
Railroad Herman helped the branch Of the ROAD
from yhed, and participant IN the troubles OF Ce
times Upon the obores of the road getting urea
of unued promises held compelled him to pay
them off before they allow him bayfield, His dsap
the collapse Of his balloon in which his imam
ca enterprises enclosed He of the greatest pro
moters in the Among his undertakings which ne
brought termination the building Of the great
Herman block Of the handsomes structures in Milwaukee
His financial downfall brings light all the from $oOooto
100000 wreck He other things assignee OF the
Panknton bank
The American Bonding company which furnished
Mr. Herman 2o000 bond assignee Of the Panknton bank
said that the officials of the company less conversant
with the state of Hermans affairs Thomas f. Churchill Nil
waukee representative of the American said that he did
not think Mr. Herman short in his assignee Of the
Planknton bank
Mr. Herman seen at II o'clock Sunday
morning week At Saturday evening he met
attorney in the Panknton bank case, whom he said:
II have made ready capital tide
until realize securities which hold My AFFAIRS
very good condition going east to obtain the
capital tide and anything
will telegraph you
NJ Riley attorney for the assignee
case, said:
IF Henry Hermanhas fallen by the waye and has become
wreck claimed he can trace his downfall accept
the asgneeshp the Pannon bank and the contest
the interest of creditors growing its affairs, which aligned
against him influential and financial inter
ests too strong for him to withstand.
g" know nothing private
mess his financial standing his attorney
sci his private affairs my connection with him being solely
assignee OF the Panlnton bank which with Mr. Wtg and
Gen Doe represented the interests majority of the creditors
of the assigned estate
as the assigned estate is concerned no harm come
to either their interests Herman under
bonds Tor discharge assignee UPON
whchhe American Bonding and Trust surety and
must good any shortage any exists his
sgnee THERE'S possibility Of the estate losing anything
through any alleged failure The most the creditors suffer
temporary delay closing the affairs of the
the information through press
upon my return absence week in te
regions Wisconsin, Michigan and Minnesota and it
me as complete surprise While had believe he
temporarily had knowledge that the funds of
the As attorney for the creditors
duty that the furnished adequate
cury the faithful OF bis dues and that duty vel
have discharged protected and their rights
cured beyond the possibility Of loss
Milwaukee April l6Because she found herself victim of
Henry Herman svinde 400 which she gave
for investment Margaret NcFadden tried end her life
day by turning gas little store Neghbos found the
she may Mrs McIaddens sad
the many that daily coming to light The
panic among creditors Of Herman the of his
being dragged into light His Office is beseged with
crying women while the house creditors wait
the register the deeds and mortgages they
Most of them have been found to be audu
lent and how the defauter managed successfully
years without being capg the mysteries his swind
Another fraud to light to-day George Ellis eighty
years feeble how he had deauded
Herman $66 600 invest and bad found
he secured for only $2OOO Some of the
creditors gong Monday apply for receiver but
there will property meet the 100000 shortage Herman
is believed O be in Mexico
Mr. Herman capitalist real estate agent
and receiver Of the Panknton bank He
lines of than other
and Unidentified with of building companies One OF
which be withdrew before his disappearance
a United States Construction which
millions dollars worth work various cities
in the country item being $1,70000O at Cincinnati
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