Logansport Pharos-Tribune from Logansport, Indiana on October 29, 1897 · Page 24
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Logansport Pharos-Tribune from Logansport, Indiana · Page 24

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Logansport, Indiana
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Friday, October 29, 1897
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Page 24
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THE GOLDEN RULE. ECHOES OF THE BANK FAILURE. Suit Brought to Recover $26,000 on Notes Passed as Forgeries. CUIltt THAT JOHNSON WAS A MEMBER OF THE FIRM OF McSARY CO. A Suit That May Bring to Light Where Some of the Money of the State National Bank Went. McOonnell & McConnell, representing the State National bank, filed a •uitlate yesterday afternoon in the Oass circuit court against John F, Johnson and Joseph T. McNary demanding •aS.OOO. The complaint alleges that Joseph T. McNary and John F.Johnson were partners in the real estate busl- operated under the firm J. T. McNary & Co., and that at the date of the failure of the State National bank the firm owed the bank one note calling for 115,000 and another note for 12,500. The first note is dated August 26th, ness and name of 1895 and the $2,500 note bears date of February 20tb, 1897. The complaint filed goes Into the details of the transactions of McNary & Co. wfth the bank. On Sept. 18th, 1891 it is alleged that the defendants deposited with the State National bank under the firm name of J. T. McNary, Maple Grove, $125.00. This was Increased by other deposits until it reachod 1775 on October 17, 1891. This sum was checked against oy McNary & Co. until December 7, 1891, when It was exhausted, and from that time forward the account was overdrawn and notwithstanding frequent deposits were made the. account was so far overdrawn by November 20, 1893, that the firm owed the bank $13,103.48. To meet this indebtedness it is alleged that the firm of J • T McNary & Co. executed a note for §13,200 and had that amount credited to their account, leaving a balance of $77.17 to their credit as a deposit. Checks were drawn against this deposit until the account was again overdrawn. Deposits were made and checks drawn until August 13. 1894, when the books showed that the account had again been overdrawn to the extent of 11,206.06. In the meantime payments had been made on the «13,200 note until it was reduced- to 111,246. On August 28, 1894, a new note for 113,000 was given from the proceeds of which the old note wa taken up and a balance of 1547.53 was placed to the firm's credit as a de posit. This account was carried along until December 20, 1894, when it had been overdrawn to the amoun of $2,110.17. At this time th *13,000 note was taken up and an other note for $15,000 given. This left the firm owing the 115,000 note and the open account overdrawn •110.17. The $15,000 note was renewed on August 26, 1895, and inter- «stpaid on ic. This note, signed by MoNary & Co., was found among the assets of the State National bank, and at the time was considered forged not«. It was one of the note which the City National bank refusei to accept when ft purchased th assets of the State National. It Is also alleged in the complain that there is due from J. T McNary and John F. Johnso as members of the firm o J. T. McNary & Co. another note fo &be amounti of $2,500. It Is a leged that they were depositors unde the name of J. T. McNary, Mapl Grove, from August, 1894, to Febru ary, 1897, and that continually afte November 26th, 1896, they overdrew their account, until on Feb. 20th 1897, McNary & Co. gave their note for $2, 500 to make good the overdrawn account. Demand is ma.de for DAILYP_HABOS FRIDAY, OCT. 29, 1897. he payment of these notes with Interest and attorneys fees. THEORY OF THE SUIT. When Mr. McNary bought the land in the Eastead it Is alleged that Johnson was a silent partner and used his position as president of the ank to secure funds ot tho bank GITY NRWS. 500 bunches celery—Traut. Bananas lOc doz.—Keystone. S pinach—Ro therm el—Saturday. 2 pumpkins for 5c—Keystone. See our $4 shoes at $2 98—Maiben. Dressed chickens Sat.— Rothermel New lettuce and spring chickens— Traut. Try our 20c mocha and Java coffee —Keystone. Fancv quality of potatoes, 55c bu. —M. McCaffrey &Co. Substantial school shoes at very low prices at Maiben's. Mr. Sheets, special fur opening tomorrow In the annex.—Bee Hive. Great cloak and millinery sale tomorrow.—Chicago Bargain Store. Tomorrow will be cloak day at the great bargain sale.-Golden Rule. Dressed chickens, lOc Ib.; smoked pork sausage. Kay's meat market. Egyptian cotton ribbed underwear In all sizes, 50c: at Will Murdock's. Tomorrow will be the big day of the great autumn sale at the Golden Rule. Peru Journal: Misses Julia Long aod Ella Fleger are visiting in Logansport. See the new crepon effects for stylish winter dresses tomorrow at the Bee Hive. Can ton Logansport No. 15, I. 0. O. F,, meets for drill tonight.—J'. D. Allison. The great October bargain-sale. Tomorrow will be the big day at the Golden Rule. Little money buys big shoes at Willey's cash shoe store, Third and Market streets. Wabash Times: Mr. Albert Bruner returned yesterday from a short snay In Logansport. Mn. Elizabeth Baker, of Lafayette, is in the city visiting relatives for a few days. Tomorrow is the great potato day. The finest stock you have seen this season at Foley's. Some wonderful bargains in sample jarments both fur and cloth tomorrow at the Bee Hive, Don't pay 50c or 60c doz. for inferior cabbage when you can get the best for 42c doz.—Traut. Marion Leader: Mrs. J. K. Walts, Annual Autumn General Merchandise SALE NOW GOING ON. for the pa. forward wito sincere for many W el known reasons.The double the valued, ofiers here .before but include our We E tem ir Every item in to hat o9ered to you compries more a to w aomestic/as a catch bait, ig Rt di al , ^ an4 v}M ^^t& comes from. mammoth October sale. |uch a great bargain car- a fevr items out of every department, m tend this saving sale. SCHMITT & HEINLY. —THE— (Very Newest 21 Shoes... And every pair Leather Lined, making them comfortable and water proof, so you can keep from wearing Rubber Overshoes. In BOX CALF ENAMEL TAN and Yici Kid, made on the latest style lasts. Boll Dog Coin, o carry on real .estate specu- ationi. Beginning at that time nder the firm name of J. T. Mc- S'ary, Maple Grove, and McNary & !o-, as best suited their purpose. The rm made small deposits with he bank and constantly overdrew hem until, at the time of the failure f the bank, the firm owed the bank omething like $20 : 000, which was epresented by two alleged genuine romlssory notes that had been car- ied on the bank's books for months. These notes— one for $15,000 and the otheir for $2,500— were classed by Bank Examiner Caldwell as forger- es and appeared in the list as two of the thirty-two forged notes. But the State National bank now alleges that the notes were not forgeries and had been carried on the bank's books as bonafide notes. The suit promises to be an interesting one and full of sensations, It will probably bring to light other of John F. Johnson's many speculations. 1C is hinted that other leads have been discovered that may enable the old bank to recover vast sums of the bank's money which Johnson used In outside speculations. A knowing one said today ihat perhaps $100,000 would be recovered. of Logansport, is the guest of Mrs. Fannie Walts, of Whites avenue. Opera cream caramels, hickory nut caramels, full line of creams, all fresh, our make.— Wright & Britton, The most complete line of underwear in the city . Balbriggan, merino and wool in all qualities at Will Dollar and Half Dollar Toes. Ladies and Children's ROYAL PURPLE the newest colors in very fancy Silk Vesting Tops, making them very attractive. See them. THE BIGGEST MAN and the smallest in town, will get equal satisfaction in the fit of kli clothes if our tape line has been around him We have a sort ot pride in fitting men that otber tallon can't please. It's the know-how that tells the taste, and our experience and observation has given «• that. Come in and look over ov stock of Fall Goods, and try not to be amared at the prices we quote. Tailor, 409 Market Street. !«»+»»»»+»»»»•»•••••••»••» ffievensim & [{Tlnslclc. 403 Broadway. FALL AND WINTER \ Goods Now On Exhibition. :; Murdock's. George Phillips of Elwood, who « • : • • » • « I I have a complete line of HEATING STOVES at prices that will astonish you. Such High Grade Oaks as Radiant Home, Estate, Peninsular, Jewells and Jewetts. Natural Gas, Odorless Heaters, RadUtore, etc. Cooks and Range!i In endless varieties. CALL AND EXAMINE AND LEAKS PRICES. has been visiting relatives and friends In the city for a few days, returned home yesterday. .t We sell you a full bunch, not a piece of a bunch of fancy celery for 13c, a peck of fancy sweet potatoes for 22c.—Foley's. Narrow four-in-hand small tecks, bacd bows, string ties and puff scarfs in new effects, at Dewenter's, The Hatter and Furnisher. lOc quality'outing flannel 10 yards 45c; 8 quality bleached muslin, 10 yds 55c; all ready-made shirts 38c tomorrow only—Chicago Bargain Store. Ladies who have not had au opportunity to come this week will have the choice to secure some of the bargains at Golden Rule tomorrow. Our underwear department is booming with bargains at the Trade Palace. Go with the crowds. ;be gents' new shirts, new ties, Mrs. Providence Huffman, widow of Jacob Huffman, died at 10:30 o'clock this morning at the family residence, 216 College street, of consumption. 100 pieces new brocade In gros Is your linen when it comes home from Marshall's Laundry. No. 603 Broadway. Both 'Phones 110. Wagon will call for your work. Give us a trial. versation. Mr. Shafer was presented with a gold ring, Fancy raisins 5c Ib— Keystone. Large bunches celery 5c bunch.— H J. GRISMOMD 312 Market Street. FALL AND Winter Woolens. The most complete assortment of Up-to-date Fabrics in Plaids, Checks, Stripes, Serges and in fact anything you want for a first class Business DRESS SUIT. Prices the Lowest in the City. John F- Carroll, 1222 BROADWAY, The "Domestic" Office. Traut. Concord grapes, 9c per M. McCaffrey & Co. We still bave 10 cases best basket. rolled Official facsimile of Medal Awarded DR. PRICE'S CREAM BAKING POWDER WORLD'S FAiR, CHICAGO, 1893 BEOWISE PARDONED. John F. Johnson will be Advanced to Bis Position. President McKinley has signed the pardon of Louis Kedwine, and the document has been sent to Columbus penitentiary, that the man may be released at once. Redwlne was convicted nearly six years ago of embez zlement of the funds from a national bank of Atlanta. Ga. His term would have expired next month. The pardon which restores him to citizen ship was sought by Georgia people and Senator Bacon went to Washington to request it. John F. Johnson, the defaulting president of the State National bank, will succeed Redwine as head bookkeeper of the prison. A Runaway. Silas Storer, trustee of Washing ton township, met with a painful accident while out riding. He wa* thrown from his buggy and sustained numerous cuts about the head and face. Dr. Holloway was called to dress his injuries. The Weather. Fal:r tonight and Saturday; warmer tonight: warmer Saturday. See etc. grains, satin duchess, pean de seat* and many other newer weaves. Also fine line of fancy silks Trade Palace. Plymouth Democrat: in colors at A son was born last week to Mr. and Mrs. Ed Sands, at Logansport. Mrs. Mabry left Monday for that place to visit with her son sod his family. Hundreds and hundreds are taking advantage of the many bargains now being offered in our dress goods department. Don't miss the golden opportunity at the Trade Palace. Elwood Record: Will Lafnse, of Logansport, is spending a few days in the city. He was formerly employed here in a restaurant *nd may accept a similar position with the New Era. Mr. John Ertle and bride were tendered a reception last evening at the residence of Mr. and Mrs. William Brixius, on High street. The members of St. George commandery, Knights of St. John, attended in a body and presented Mr. and Mrs. Erisle with a handsome chair. Mr. Shafer, of Onward, was agreeably surprised Wednesday evening by a number ot Mends from here and Walton, on the occasion of his fiftieth birthday anniversary. A good oyuttir supper was served and the evening was spent In social con- oats, to go at 4 packages for 25 cents. — Keystone. Best quality Turkey red prints, new designs, 5c a yard tomorrow at the Bee Hive. Saturday— $10 plush cloak, 17.50; 17.50 Boucle cape, Thibet trimmed, 84. 98; 47.50 Boucle jacket, $4.98.— Trade Palace. Put on a pair of our gloves and to be sure you have the best of it for wear and warmth,— Dewenter, The Hatter and Furnisher, ____ Ollie Keene, the colored boy who left Ben Keesling's employ under mysterious circumstances some time ago, has turned up at Wabash, where he is working in a hotel . Attend the old-fashioned social tonight at Mrs. Taylor's ; corner of Tenth and Market, given by the members of the Pleasure and Profit club of the Broadway M. E. church. Floor oil cloth, 35c quality,18c yd.; Germantown yarn, ± Ib. in skein, 17c; Spanish yarn, 6c skein; 200 corsets, C. B., 50c quality, 29c tomorrow only.— Chicago Bargain Store. Tomorrow special at Foley's.— Fancy potatoes: 53c bushel; best flour, $2.35 per hundred; 3 Ibs coffee, 25c; fancy sweet potatoes, 22c peck; fancy large bunch of celery 13c. The Supreme court refused to recall the opinion filed September 15, Now is the time to provide your-* self with a good Sewing Machine at a very low price. My stock includes all the leading makes. My term* are easy, and there is no excuse for being out of a good sewing machine; n the house. The old stand ;. 529 Broadway, near 6th R B WHITSETT affirming the case of Dac-lel P. Bald win" aeainst John F. Sutton, in order to "permit the appellant to amend Its assignment of error. Mr. Sheets Tomorrow, So well and lavorbly known to our trade, will give a special display of furs In the. annex tomorrow. Mr. Sheets counts this his 12th annual j visit.—Wiler & Wise. | tall Winter Woolens. A Complete Assortment of the Latest Novelties from Domestic and Foreign Markets. Pierce, the Tailor, 318 Market Street Wttt* 1» 4M*t what to MM lit: Kerrou* DebUitjr, Lo«* at P»* ImjxneocT.Amjpbr.V«ric«>c«ie« othtr woi Imrtm, Iroa u] tun Soiae Pffl«. Drmto*'- »o<5 full Ticor qufcklT ii*fn if««i«iMfciii«iii*"i '"•« j MiileS for «.<»:« boMUJft. 1 »SX»or(Jer»w*r "~ £re< * For sale at Ben Fisher's-

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