Mr. Michael SCHWEISTHAL, long and favorably known as cashier of the International bank, and later as cashier of the Fort Dearborn National Bank, has gone into business for himself, under the firm name of “Michael SCHWEISTHAL & Co, bankers.” Mr. SCHWEISTHAL has been connected with the banking business all of his life. He has always been careful, honest and trustworthy, and his host of friends wish him that success which he will surely attain.
Source: Chicago Eagle, 12 October 1889, page 4. Available at Chronicling America: Historic American Newspapers.
Ignatz N. MORGENSTERN is missing from Chicago and with him the funds of the Polish National Alliance of North America, of which, until week before last, he was General Secretary. MORGENSTERN was also Secretary of the Polish National Building and Loan Association, and financial manager of the Sgoda, a Polish weekly paper. Besides this he was an agent for real estate owners and did some business as a transportation and passage agent. It is believed he has embezzled funds from each of these connections. The total amount of his embezzlement is variously estimated at from $4,000 to $12,000.