Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-02-14
Dysart Man Out $500 Thru
Forged Mortgages Handled
BY Corwitl Banker
COUNTY OFFICIALS NAME USED
Recorder NicouIin, of kossuth, Dis
covers Clever Forgery of Signature
to the Document = Standings EN-
b%ezzlement Now Foots Up to $780,
ooo-Bond Company Seeks Him.
Special to Times r

Algona. Feb. lit has developed
here that a Dysart man is among the
victims of Cashier ~Standring, of the
Corwith bank, and that he is out 49,
800 by the purchase of a forged mort
gage.
County Recorder Claude Nicoulin
experienced a queer sensation when he
saw what purported to be his sigma
ture on a real estate mortgage which.
while resembling his hand writing, the
records show to have been a clever
forgery. Recently a man OF about oV
years of age came into the recorders
office, and drawing from his pocket a
real estate mortgage, he pointed to the
signature of &C. y. Nicoulin, county
recorder on the back of the instru-
ment. and asked Mr.. Nicoulin If 1t was
genuine. The ma proved to be a MI.
Dysart, of Dysart, Iowa, and the mort
gage was one which his mother had
purchased OF j. III. Standring. the de-
faulting cashier of the CorWith State
bank. Recorder Nicoulin admitted at
first glance that the signature might
be his, but after inspecting the books
of his office he found that h mort
gage was a duplicate of another with
the exception that the one on record
was made to the Dubuque Savings
Bank. while the instrument in the
hands of Mr.. Dysart was mad to Mr..
Dysart's mother. Both mortgages We're
-t.L, -, M, A,,,Alt, Pos w ~ |, ON
the Bosworth farm in LuNerne town
skip, kossuth county. and both were
for So, 500.
It was plainly to be seen that the
certificate of record on the Dvsart
mortgage had been clevcrly forged by
~Standring or some one else. ever to
the penciled marks indicating to whom
the recording fee should be charged.
1t seems that Mr.. Dysart, who owns
Ian near Corwith, had transacted
considerable business thru Stand
rings bank, and last spring Mr..
%Standring had secured for him as an
Investment this mortgage for $4,000,
Which Of course was thought to be a
gage, given to the Dubuque Savings
bank, also passed thru the hands
of %Standring, and it is supposed thar
he made a careful copy Of the mort
gage and signatures. including Record
er N%icoulin's, and then sold the copy
to Mr.. Dysart. The first interest pay
ment of the forged Dysart mortgage
came due next month. and Mr.. Dysart
had had no occasion to question the
validity of the instrument. Learning
of the Standring embezzlement, how
ever, he deemed it wise to Investigate
the g~enuineness of his security. Until
he visited the recorders office here he
had no particular reason for suspect
ing he had been victimiZed. Natural
ly h confirmation hat the instrument
vas forged given him by Recorder Nj
coulin was unpleasant, meaning as it
does a clean loss of $500. Mr.. Dy-
sart went to Corwith frork here to see
what, if anything, could be done.
Standring left Corwith last fall and
it was then supposed that he was only
short a couple of thousand dollars.
Every day since his departure new evil
dence of crookedness has shown up,
and now the amount of his embez-
Element is placed at $50, 900. One
man. j. l.. Haswell, of New York, a
relative of Standings, who let the lat
ter handle his investments, is out $780,
900. Standings bond company has
paid to the receivers Of the bank $10,-
000, but that amounts to only a drop in
the bucket, and the stockholders will
be assessed three times the value of
their stock. There is a r eward Of a
Thousand dollars ont for the missing
cashier, and he bond company have
some of the best detectives in the
United States on the case. 1t seems
that the embezzler will surely be cap
tured and brought to trial.