Omaha daily bee., 1911-03-11

sutute branches Of his savings hank In the
different school buildings in which poor
children could deposit their pennies. which
were collected periodically by agents u
the bank. once within Taylcrs grasp the
school chudren's pennies were practically
beyond recovery Of their owners. When
the children tried 20 draw out their de-
posts no matter how small the amount
they were notified that the bank would
take advantage ~ the sxty-dsE rule and
that they could not have their money with
out the fun notice permitted by law. An
exposure q these questionable methods
by The Bee brought a speedy close 10 the
plan q pubic school children's deposits
and brought the Taylor hank sharply 20
time In the early part Of lSse
Profits By BoIln EmbeEnlement.
In the meanwhile TAYLOR had been con
stantly mixing IN politics until finally in
the fan Of 1884 he secured an election 10
the city council from the Eighth ward
upon the republican ticket As councilman
a new opening appeared Tor profitable
nnaucierlnE Henry BoIln was then treas
urer Of the city and became the ready
accompIice Of Taylor. Although the bank
was never a city depository. Bolln had
previously had an account with the Globe
bank. in which he had made unlawful de-
posits Of the public funds. The account
had been opened July u. 1882. when $1,000
Of the public money was placed there 70
accommodate Taylor and draw interest for
the private purse Of the treasurer This
deposit reached its maximum December 81.
1872 when it stood at Sl5o0o. il was grad
uHlly reduced from time 70 time until Jan
uary J. 1885. when there was only s236-25
Of the city money in the possession Of
Taylors bank. on that date Cadet Taylor
took his seat in the city council. and just
three days later the embezzling city treas
urer had placed an additional deposit Of
5000 with the bank one week later Tay-
l0r was made chairman Of the finance
committee, with especial oversight over the
city money. In Difference 10 this additional
prestige another block Of S2.0oo was Illegally
deposited in his bank February :, and not
a dollar was drawn out until after the
embezzlement Of the treasurer vas dis
covered.
Has n Line Ont with BARLEY.
Naturally Taylor was one Of the coun-
eilmen who made strenuous efforts 10 have
Bolln retained in office after his defaIcs-
ton, Notwithstanding his admission OF
guilt. and not until after Treasurer Du-
mont was inaUgurated as his successor was
| Taylor compelled 10 disgorge the last cent
Of the funds unlswfully deposited in his
/ hank. Taylor set Up the claim At the time
/ that the Ss.O99 and more found in his bank
I when Bolln was deposed was school money
/ which Bolln had a right TO use as he saw
I fit, but the records Of the city treasurer's
I office disclosed the fact that there was
no money whatever in the school fund,
I which had been completely exhausted. and
I that the money In Taylor's bank was not
/ only city money embezzled by Bolln. but
Z should have been known TO be such b.
I Taylor as chairman OF the finance com
mittee
TO bolster Up his Globe bank Taylor had
/ had his institution made state depository
I by filing a straw bond. with himself and
I other officers Of the bank as sursties. His
close connection with the late embezzling
1 state treasurer. BARLEY, enabled him 20
! procure a deposit OF the state funds In
! the sum Of $1,000 which, with interest, az
! gregating 81 81 is 10 this day held in
/ the suspended account Of the state treas
] ury, a total loss TO the taxpayers.
Zine Job Of Bank WreckInE.
In June, 1896 the Globe Loan and Trus'
lcompany's bank went into bankruptcy,
with large liabilities. including Sg7OJO OF
1 assets. The cash on hand when it closed
its doors had completely disappeared Tax.
ing advantage Of a law newly enacted
l permitting insolvent banks TO retain tn,
assets under certain conditions without
lreCeivership. Taylor flied another straw
bond with the state officers, signed b!
himself and other officers OF the faileS
bank by which be retained possession o
not only the banks assets, but also Of il
books, records and papers To this day
although nearly three years have elapsea
since its insolvency was declared, no visi
bic effort has been made TO pay off tn
CT editors, nor is il known that any de
positor has received back q cent Of hi
money.
Notwithstanding all these questionable
transactions, cadet Taylor audAciousl
presented himself IN the fan Of 1856 10
denomination on the republican ticket 70
1.-THE city council Beaten al the republican
primaries In his own ward by Thoms
iCroCker. At present register Of deeds THy
Tor sought revenge by running as an inde
penctnt candidate against The republica.
nominee with the idea that he might thu
eject the democratic candidate. As va
10 have been expected. he was showed VI
der at the polls and Croker, the .repubI
can nominee. was smphsucally endorse
by the people Of the ward
Fraudulent Loan Transactions.
since his exit from the council TsyIo
has been pretending TO do a real estat
and loan business as a remnant Of hi
broken bank. he has had his hands keE
fun chiefly dodging or Strengthening on
fraudulent transactions growing out Of u
banks business with which he has bee
fraT FrH IwTv f.
weeks ago the nominal president Of tn
bank. who had been used by Taylor as a
Intermediary, was arrested on the chsrE
} Of enhancement OF trust funds collecte
! IN the name Of the trust company. Will
the prosecution failed, il was not befor
) Taylor had made strenuous efforts 70 kee