The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1908-10-26
MORE news OF
EGG-0.SEE CO.
Also Report That Cassidy is In
sane In Sanitarium Out
at Leavenworth, Kan
QUINCY PAPER TELLS
Hints That Some Money Has Been
Planted In Quincy Which
Came From the Con-
Germ.
QUINCY PAPER TELLS

1eTe is SOME more ESS-O-See news
from the Quincy Whig which believes
that the Cassidys have nest egg
planted some place and that one of
the brothers is now in an insane asy-
lum. The Wing says:
The committee representing the
principal creditors of the Egg-OtSee
company are now considering a propo-
sition of the Stecher Lithograph COM
pany of Rochester, N. Y, to take over
the affairs of the company and con
duct the same until the present indeb,.
edness is liquidated The proposition
includes the complete turning over Of
the stock of the Stecher company,
which holds claims amounting to
about $4,000 against the cereal COM
pany. There seems to be some differ
ence of opinion among the stockhold-
ers as to the advisability Of the step.
Developments of a definite character,
however, are likely to soon occur.
Business Paying.
The Stecher company does not offer
to place any specific amount of mon
ey into the business, but to keep the
| plant on it's feet as a going concern.
| There is no doubt that the business is
paying and would now be in the most
flourishing condition were it not for
the terrific drain made upon it's re-
sources by the speculation of its pres
ident, j. w. Cassidy. Among some
of the disguised persons who were in
terested in the success of the big in
dustry, and who believe there Is still
bright and prosperous future before
it. the illfated bucket shop of Cassidy
6 Gray, which went to the wall in
this city few weeks ago, is indig-
nantly referred to as the rat hole
that swallowed up the ready resources
of the Egg O-See company and caused
it it's present embarrassment.
Thousands Planted.
The story comes that William CASH
dy, brother of the Egg O-See president,
who was senior member of the Cassi-
dy & Gray concern, is insane at Leav-
Y enworth. This is not believed by
many, although he has been an occu-
pant of the Evergreen sanitarium at
I4eayenworth and reported In bad
physical condition A story to the
effect that the local firm had $51, 900
to its credit at, or just previous to,
the time of its collapse is given more
credence by people who have closely
made inquiries. Where did this mon
: ey go? is the question that some are
now very seriously asking. 1t is known
that, since the first of the year, at
least $4,000 found it's way from
Chicago into the business of the late
firm of Cassidy & Gray of this city
1t is also known that $4,000 were
taken from the treasury of the Egg
O-See company, and the amount lost
by j. W. Cassidy in the last fourteen
months has been estimated as high as
. $35O;00O to 100000.
Cutting Expenses. q
Despite some suspicious that there
has been some planting of money
J. w. Cassidy has lately been practic
!, ing closer economy than he has for q
, long time One of his automobiles has
been disposed of, another is laid up in
a garage and he now takes the "ele
!, waited" to and from his place of bust
ness. He no longer dimes at Rector's
: His salary was cut off in September
1t now keeps him busy staying the
:. hands of creditors and holding off mer
: who occasionally drop into Chicago
!, to inquire of him if there is no way
!. to get back the thousands owed then
by Cassidy & Gray.
There are particulars in the line o
the news which the Wing has with
held. believing that either through thu
creditors committee, or the Steche
company, the splendid business of thu
Egg O-See company would be saved
and strengthened until 1t has become
q greater concern than ever, and tina
Quincy would be benefited. And |
sincerely believes that the truths i
has made public regarding the unfor
tunate affair will prove beneficial II
the end.