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I fmve vwiwu tins jiiiii * vfi\v lUMjut iit-ly, 'Squire, but 1 never expected to call upon you upon aurh an occasion as thb.” said Mr. Sehureman, and after passing a few remarks about the weather the assemblage of men took seats in ’Squire lt;la pen’s court to await the arrival of States Attorney Sterling to proceed with the case. It was a great surprise to Mr. Sehureman when Coroner Hare waited upon him at his home in Normal about 10 o'clock with a warrant for his arrest, sworn out by Mr. Frank Parker, who was a depositor in the Normal Exchange bank, and who had at the time of the bank’s suspension about #201 upon deposit. Mr. Sehureman received the news of Coroner Hare’s desire in a rather surprised manner, and told the gentleman that he would be with him and answer for the charge brought against him. Mr. Kehure-nian, accompanied by his father-in-law, Mr. C. F. Burkinan, Mr. Charles Sehureman and Mr. H. V. Potter arrived ait the city hall about 11 o’clock this morning. Soon after their arrival Mr. Sterling, the prosecuting attorney, arrived and after consultation with Mr. Flemming, Mr. Schureman’s attorney, it was decided to waive trial and give bond for appearance before the grand jury, In ordtr to make proceedings legal it was decided to examine one witness. Mr. Frank Parker of Normal was sworn in and interrogated:• ] live in Normal and know Mr. Sehureman, he has been in the banking business.1 have made several deposits at his hank, but one particularly upon the 27th of April.’’ Mr. Potter produced a deposit check that was signed by H. N. Potter and which showed that the gentleman hud deposited 1259.44. Continuing he said in answer to the state’s attorney’s questions: “I was not indebted to Mr. Sehureman, but simply made the deposit.”‘•Since the hank has been suspended, I have demanded my money but have been refused. I had checked out some of it before the suspension but there is still about *201. I went to the bank last Tuesday and there was a sign upon the door and they would not let me in. I went around to the hack door and they would not let me in and they would not give me my money.”After some consultation the bond for appearance was placed at #000 and was signed by Mr. W. H. Sehureman, Charles Sehureman and C. F. Buekman. Mr. Sehuremuu had nothing to say in court and upon his face could he seen the lines that had been worn there by the ordeal that he is at present going through., When the court proceedings were brought to a close Mr. Se hureman was semi by a reporter forThis Leader and found him very willing to talk about the ease and seemed ghul tnat he had been given an opportunity to say something about his side of the ease. He said that reporters for the other papers had grossly misrepresented the condition of affairs at Normal and of himself personally. He said that the* reports in the Pantagraph this morning were unusually snarled and as bad it is possible for them to be.‘ What do you attribute your present condition to, Mr. Sehureman! asked the reporter.•‘My loss in the business I attribute almost wholly to the nursery business. First with Augustine Co., and later with the Home Nursery Co. This is the original and only cause. It was not mismanagement of the bank. When I disposed of the Home Nursery company to the present organization l found that my indebtednesswas about #34,090. The statement that 1 was insolvent when 1 began the banking business is absolutely incorrect. It has also been stated that the nursery company was insolvent because 1 told a reporter for the Pantagraph that the nursery company was inqolved #5,000 at the time. The nursery company was supposed to beworth from #15,060 to #20,000.• What backing did you have when you engaged in the banking business.”“My father assisted me to #2.000 when 1opened the bank and was my backing during hisdife time. He died in September 1890. Up to that time 1 considered that thebank was perfectly solvent for uiy father was worth not less than #50,000. Then 1 formed a partnership with my cousin. Alvin Sehureman of St.Louis, with his father Mr John Sehureman as his financial backing, not the backing of the bank, but of Alvin. The fact then became apparent that the bank would need some additional funds. Alvin became dissatisfied and withdrew in February of 1891. I then proceeded to organize a national bank and made an effort to secure subscriptions to the stock but did not succeed in getting the necessary amount taken and afterward thought that I would try to conduct the business as 1 had before and enlist some private parties in the business. Up to the time of my suspension I hail hoped to enlist some private parties in a new organization and that was the reason why 1 didike any change in the firm n v lt;“What do you consider year assets tobe V* : 4 . % A'':“My assets, placing them at what 1 believe to be a fair, conservative estimate, are $rtl,000# They consist of- 99 shares in the Columbian National bank of Whatcom, Washington. A number of bills reeeive-able, farms located in Tazewell and Whitesides counties in Illinois, 720 acres of im-1 proved farm land in Kansas, also some town lots in Normal*and a half Interest in 208 lots at Tolliston. near Chicago; thebank fixtures, the vault, safe, etc., smaller chatties, electric light stock in Normal, four shares. Some of the properties have been listed in the assets at about half their value to me. I have turned over everything that I possess on earth, including my household furniture, wearing apparel, gold watch. I have endeavored to conduct my business on an , honest basis and my loss cannot be attributed to extravagance in privatetin' business and to that end called together several of my largest dejiositors at my home and conferred with them in reference to their giving a note jointly for $10,000 that might be placed in the business the following morning, saving themselves with notes and collaterals held by me.”“What do you estimate your liabilities to be “’“I think that they will be about #93,000 or #94,000 ’ ’“About what do you think will be paid out in the final settlement?’*“1 have figured my assets down very low when I placed them at #50,000 so that there would be no disappointments whatever in the final result. I feel that we will be able to pay 50 cents on the dollar at least.”“Have you received any expression fiom your friends regarding your trouble?”“Yes, sir, a great many in the way of letters, telegrams and personal calls at myhome in Normal. My friends have been very kind, indeed, and I appreciate theirfriendship. Tne reports that have goneout about the bank so far have been unofficial and misleading.”Tlie Complaint.The following is a copy of the complaint upon which Mr. Henurman was arrested this morning, and if the allegations can be proved then Mr. Sehureman is liable to a term in the penitentiary:STATE OF ILLINOIS, *Mlt; LeaH County, fFrank Tucker makes complaint on oath and says that he is informed, and believes, that W. H. Sehureman, late of said county on the 27th day of April, A. D. 1893, at and within said county, was a banker and doing a banking business under the name of W. H. Sehureman Co. and as such banker and in the course of such banking business, the said W. II. Sehureman did receive from him, the said Frank Tucker, a deposit of two hundred dollars, and on said date the said Frank Tucker was not indebted to said W. H. Sehureman or to W H. Sehureman Co., and at the time of receiving said deposit the said W. H. Sehureman and W. H. Sehureman Co. were insolvent and did on the 15th day of May, 1893, fail and suspend, whereby the said deposit of two hundred dollars so deposited was lost to him, the said Fran8: Tucker, and the said W. H. Sehureman is in law deemed guilty of embezzlement contrary to the form of the statute in such cases made and provided, and against the peace and dignity of the state of Illinois.Frank Tucker.Subscribed and sworn to before me, May 1*. A. D. 1393. John A. Sterling.Attorney.*he found the door all locked, the shutteis closed and a note upon the doorstep which read as follows:“James Conrad:—I have gone to Quincy. You can find the keys at Mrs. —TheyMr. Conrad was terribly surprised at the note but went and got the keys and unlocked the door. Great was the surprise that awaited him. The carpets were all taken up, the furniture gone and nothing whatever left in the house. Upon investigation it was found that she had hired a dray to come for the household effects and take them up town, where she sold them. The first train out of town carried herself and children to Quincy, her old home. The husband is almost distracted at her conduct and cannot explainaffairs.He was about town this morning telling his pitiful story to friends and on the noon train also left for Quincy to see his wife and get an explanation. He is an old soldier and says he will go to the Home and live as he has no one to care for now since his wife has gone. Mr. Conrad's ease is a sad one and he seems to be terribly worked up over her conduct. It it hoped he may find a place in the Home where he will soon forget his thoughtless wife who has caused him so much trouble by her departure.stole Some Money#The little town of Ellsworth was in this city n full for e yesterday, and in the company were four little boys. Ed. Pharis,Will Pharis. Henry Millay and Everett Harris, charged with stealing #7,50 from Mr. Torrence, the restaurant keeper at that place.The trial consumed the greater part of the afternoon before ’Squire Gapen. A great many witnessesi were heard and *ery interesting testimony was given. After hearing part of the testimony the boys were put upon the stand. To the surprise of all Everett admitted of taking it, but said the other boys helped him, which they denied. Everett Harris was held for the theft, but the other boys were let freeTHE ASSIGNMENT MADE*The Papers Filed at the Close of tlie TrialThis Morning,As soon as the trial at the city hail was over this morning Mr. Sehureman went to the court and filed his assignment papers with County Clerk Maxton, who In turn handed them to Recorder Tantu n to be spread upon the records. Nothing is filed except the deed which turns everything over to Robert L. Flemming. The statement has not been completed as yet, and it is quite doubtful if it will be before Friday or Saturday.At Normal.The condition of affairs at Normal is unchanged as there is little to excite enthusiasm beyond an occassional threat that has been made about killing Mr. Sehureman. One of the depositors has made life miserable for the entire neighborhood since the crash came. He has kept the air in his vicinity decidedly blue.1 lit* Law,The law of the state of Illinois upon banking art such that if it can be proved that Mr. Sehureman took deposits in his bank after he knew that it was insolvent, he is quite liable to imprisonment.More Arrests Will Follow.It is stated upon good authority that a number of other depositors will file complaints with the state's attorney similar to that filed by Mr. Parker and the same proceedings will be gone through with.Good If True.It is reported that Mr. Frank Brooks of the Chicago Tribune has been selected by Cleveland to till the place of Mr. Elroy Curtis as chief of the bureau of American republics. Mr. Brooks is well known in this city and it would be very gratifying to his many friends if he should receive the appointment.Another Child Dead.Mrs. Emma McReynolds is again caused to mourn over the less of another child. At 3:15 o’clock yesterday afternoon she lost a little daughter, this being her last child. Three children have recently died in this family and the mother is almost heart-broken with grief.Kxciting Runaway.There was an exciting runaway at Twin Grove early this morning just as the Big Four passenger train was pulling past the station. A lady and a little child were in the vehicle, but after the horse run a short distance both were thrown out and probably seriously hurt.Received Much Praise,Mr. Hugh O’Donnell, who gave Ben Hur's Chariot Race last night received many compliments upon the way he rendered the difficult production. He was heartily applauded and received a beautiful floral gift.New Glass FrontE. E. Wolcott is putting in a new glass front which will add much to his place of business.IWhen you speak or even think of spring medicine, how quickly Hood's Sarsaparilla# ^ • 1 Pit « Jc • Acomes into your mitul. Take it now.Haw Visions#The city hall was the scene of the utmost excitement last night about midnight. It seems that some one tried to assassinateEddie Pierson, a reporter for the Bulletin. This gallant young man arrived at police headquarters all out of breath and reported that someone had shot at him five times. After a little chiding the young man was sent home, surrounded by a body guard of blue coats and was tenderly placed in his little cot to rest for the night.* *McLean's New Play.The Thespian club of McLean has been making great preparation for the production of “Jeradiah Jackson Judkins,” a flue comedy play of four acts, and will produce it on Saturday night. May 27th. in the new 0}era house. The piece promises to be a drawing card. The genial Will Peterson of this city will assist in the play, being the only person outside of the local club who will take part. A number from herewill attend.KNOWLEDGETerribly Injured.The young Bureham boy. who has been driving a delivery wagou, was terribly injured in some unknown manner last night. The team that he was driving came home, and when Bureham was found he was iu a terribly bruised condition, but does not seem to know how it happened. One of his limbs is quite badly hurt, and he will be laid up for some time.Brings comfort and improvement and tends to personal enjoyment when rightly used. The many, who live better than others and enjoy life more, with less expenditure, by more promptly adapting the world’s best products to the needs of physical being, will attest the value to health of the pure liquid laxative principles embraced iu the remedy, Svrup of Figs,Its excellence is due to its presenting in the form most acceptable and pleasant to the taste, the refreshing and truly beneficial projn'rties of a perfect laxative; effectually cleansing the system,dispelling colds, headaches and fevers anu permanently curing constipation.•a ivi trnn i lt;tn' tn mi!liAnu onnCou.in to (iov. McKinley,Rev. James Shaw, who attended the Scotch-Irish congress in Springfield, in conversation with Gov. McKinley of Ohio and iu relating family history discovered that this honorable gentleman was a cousin of his. Rev. Shaw had a very enjoyable time while away.1It has given satisfaction' to millions and met with the approval of the medical profession, because it acts 011 the Kidneys, Liver and Bowels without weakening them and it is perfectly free from every objectionable substance.Syrup of Figs is for sale by all druggists in 50c and $1 bottles, but it is manufactured by the California Fig Syrup Co. only, whose name is printed on every package, also the name, Syrup of Figs, and being well informed, you will not accept any substitute if ottered.vve know tbeen ablethan $10, i last long.We aof Fancyiyou Shirtstached in lt;We aT=l=Therewrc(TheyA larNeat,All wCen3uggiesSpecial P can noHOLDEIlt;CallandSeeBeforeBuyingOU1 Tobacco Goods jusSOUTHEAST C
Newspaper Details
Bloomington Leader
Bloomington, Illinois, US
Thu, May 18, 1893
Page 8
Full Page
Clipped by
Patty M.
IL, USA 26 Jan 2020
Other Publications Near Bloomington, Illinois
Bloomington Pantagraph
Bloomington Sunday Leader
Bloomington Weekly Leader
Bloomington Leader
Bloomington Weekly Pantagraph
