The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-05-20
LACY LEAVES AND
BUSINESS FAILS
Friends and Creditors Puzzled
Over Disappearance of
Store Manager.
TEACHER ALSO MISSING
WHEREABOUTS MYSTERIOUS
TO FORMER ASSOCIATES.

William ]. Lacy. Vice president and
Ten Cent Store company, LA South
State street, has disappeared. and his
wife, who lives at 1874 East South
Temple street, together with his at
torney, Geo. n. Lawrence, and many
creditors, are puzzled over his where
abouts.
| Leaving Salt Lake three weeks ago,
lostensibly to raise funds to clear a
100000 indebtedness against his
firm, Lacy has not Informed his as
sociates as to his movements, and his
return is quite as problematical
Miss Grace Drybread, formerly a
teacher in the public schools OF salt
Lake, and who boarded for two years
at the Lacy home, is also missing
Miss Drybread, when last heard
from, was at San Francisco. For a
year she was employed at the Bryant
school, and later at the Sumner
school, from which position she re-
signed in January, after serving there
a year and a half
Left alone in Salt Lake, Mrs Lacy
began a heroic fight to stem the tide
of misfortune that had overtaken her
husband. She had taken charge OF
that the assets were $4,000 and the
obligations not much more than that
However, she was forced to consult
an attorney. Mr.. Lawrence, who had
been retained by Mr.. Lacy, was called
In. After an investigation he saw the
assets were less than $4,000 and the
liabilities about $4,000, and he ad-
vised making a voluntary assignment
Creditors Consulted.
Principal creditors were consulted
and the affairs were placed In the
hands of the Utah Association OF
Credit Men. the stock advertised for
of Park City. Before Lacy left Salt
Lake he had bought out the interest
of w. F. Core, now Of Richfield, who
was president and treasurer OF the
firm.
Many years ago Lacy and Miss Dry
bread were educated in a little coun-
try school at Franklin. Ind They nad
been pIaymates since childhood Tney
grew ND together, but about nine
years ago Lacy married his present
wife and came to Salt Lake and en-
gagged in business, at first with IN
usual success
Miss Drybread is a young woman OF
considerable ability as an instructor
After Mr.. and Mrs Lacy had moved TO
Salt Lake, she expressed desire 10
come to Utah. Mrs. Lacy had known
Miss Drybread back in Indiana. anu
when her husband suggested to bring
her TO this city she offered no ooJec-
ton, and even volunteered that she
might make her home at the Lacy res
fdence. She realized that Miss Dry
bread had been a close friend OF her
husband, and a friend from Indiana
with an Indianian always means the
best hospitality.
Makes Good in School.
With ready facility, Miss Drybread
took I'D her school work in Salt Lake,
making her home with the Lacys. She
Iabored diligently for two and a haIf
years, when she decided to take ad-
vantage of the Elks' excursion to Hon
olulu in view of learning something
about the Pacific islands.
According to one of the counter
girls at the Salt Lake Five and Ten
Cent store, who is an old employe, and
is with the new concern that has taken
over the stock under Z. H Parsons.
Miss Drybread had blen a frequent
visitor at the office of Mr.. Lacy. How
ever, Mrs. Lacy, who had held her hus-
band in utmost trust, seemed out
slightly concerned.
Mrs. Lacy says that she has not
heard from her husband since he left
Salt Lake three weeks ago. According
to Mrs. Lacy, he had said something
about going back to the home of his
parents in Franklin, Ind. Mrs. Lacy
says that to the best of her knowledge
the parents of Mr.. Lacy do not live at
Franklin now, but are in some other
part of the country.
When a letter came yesterday, dated
San Francisco from Miss Drybread,
-11sr1 hoo GO
it bore the information that she had
intended to go back to her old home in
Franklin.