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 - PRO Thcod a. As His sev« A b b rough week. this...
PRO Thcod a. As His sev« A b b rough week. this co failure years a had co and a g for a nu the unq ^ had anj to be a =j H 1 IT- — £4 Theodore Springborn, of Marehfield. a defaulter to the extent of 910,000. His defalcations over peculations a period of bad case of defalcation was brought to light at Marshfield this Nothing like it has occurred in iinty since the M. R. Hansen failure and forgeries at Hansen four Theodore Springborn who conducted an insurance agenc)' and a general loan office at Marshfield for a number of years and who enjoyed the unquestioned confidence of all who had any dealings with him, was found to be a defaulter to the extent of probably-310,000. probably-310,000. His defalcation came like a thunder bolt from a clear sky to his many victims. Their confidence in the man had been implicit, their awakening was to a rude reality that they had lost ail. Spriugborn "seems to have spared neither age nor sex nor previous condition in his crooked transactions. All alike were lambs to him only to be fleeced. Even his aged mother was not spared, he defrauding her out of five hundred dollars. His brother, William Springborn, loses about one thousand dollars. On April 4th last, his brother handed him 5875 to apply on a mortgage held by a third party. This sum the smooth Theodore appropriated to his own use. A short time ago William questioned him about it and then he owned up to his crime and said that a hundred dollars would fix him all right. This William got for him, and he is just to that extent extent a greater loser. Laboring men who paid their small weekly or monthly savings to him to apply on their indebtedness on their homestead will lose their all, as the scoundrel never paid a cent of it to the parties to whom payment was to be made. In a word, Springborn seems to have been a pretty smooth duck who was looking out for number one, and didn't let his conscience bother him about any one else. His peculations easily reach 510,000 with several back counties sti)u hear from. '

Clipped from
  1. The Centralia Enterprise and Tribune,
  2. 31 Aug 1895, Sat,
  3. Page 19

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  • 18950831_Theodore_Springborn_proved_Defaulter

    ladyck3 – 27 Mar 2013

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