As a member of the firm of B. F. Murphy & Co., Chicago $200,000 H. M. Bush & Co., Grain Speculation 75,000 Lewis & Stephens, speculators (grain) 30,000 Swamp Land speculation 18,000 San Pete Coal Co. of Utah 18,000 Denver Coal Lands 5,000 Kentucky Lands 25,000 South Evanston property 40,000 Building on So. Evanston property 40,000 Sheffield near South Chicago 32,000 Grand Pacific Hotel stock 10,000 Prairie Avenue Residence 31,000 Chicago Railway Construction Co. 10,000 Canada Southern Railway Co. 60,000 Toledo, Wabash & Western R.R. Co. 35,000 Speculation Stock Exchange 150,000 These losses only foot up $779,000, whereas in truth and in fact the depositor's accounts in his private bank in Des Moines alone amounted to $800,000 at the time of his failure, and his indebtedness to the Charter Oak Life Insurance Company for money procured by Blennerhassett from that institution amounted to over one-half million dollars, and a draft of the Iowa State National Bank $100,000 not credited to that bank until after the failure. In May 1874, one Warren Hussey, of Utah, visited Blennerhassett & Stephens in New York City and induced them to procure a pretended loan of $400,000 from the Charter Oak Life Insurance Company, then represented by its vice-president, a man by the name of White. The money was advanced as a pretended loan to one Matthew Gisborn without any security whatever save the personal security of Gisborn & Hussey, with a private understanding that Mr. White and Messrs. Blennerhassett & Stephens should have the benefit of anticipated dividends on the stock of the mine, a large share of which was in the hands of Warren Hussey for his commission as procurer; in other words, it was a speculation on the part of Allen, Stephens & Co. and White, the vice-president of the Charter Oak Life Insurance Company, being one of the causes of the failure thereafter of the Charter Oak Life Insurance Company, as the stock proved to be entirely worthless and the security of Gisborn & Hussey was of no value whatever. On April 22, 1875, B. F. Allen was adjudged a bankrupt on the petition of his creditors filed on the 23rd of February, 1875, and Hoyt Sherman, of Des Moines, was appointed assignee in bankruptcy. Mr. Jeff S. Polk and Mr. Bisbee, an attorney of Chicago, were employed by the assignee in bankruptcy to defeat the suit for the foreclosure of the mortgage. The main ground of defense to this mortgage was that at the