100 years ago: KU students receive real-life lesson in financial risk

From the Lawrence Daily Journal-World for Feb. 6, 1916:

  • “This is a story of high finance. The heroes are a student in the school of law at the University, and an instructor in the department of physical education. It might be called a story with a moral, or a tale of the terrors of speculation…. Glendon Allvine and H. A. Lorenz have, or did have, the American mania for easy money. Last fall they decided that the easiest way to acquire some of the surplus wealth of the realm was to buy a litter of pigs, cheap, and let them grow into money. Hogs as you know, are worth real money on the market. Their plan in short was this: buy the pigs, keep them until they became full sized porkers, and then sell them to their fraternity to use on the table. They bought the litter, twelve cute little red piglings, for the ridiculously small sum of $39.50. Then they left them with Professor Young, who owns a farm…. The pigs grew and the financiers had visions of untold wealth. They began to debate on their preference as to an automobile or a trip to Broadway. Brothers in their organization say that they had just about decided on the car, when – oh! horrors! Some of the hogs contracted cholera and died. About this time the men began to consider a trip to Kansas City. They decided upon it and began to make plans for a wonderful time. Then the blow fell. Somebody stole the remaining hogs.”
  • “Three persons from Lincoln, Neb., were in Lawrence today looking up the record of Blanche Owens-Randolph-Bustard, a former resident of Lawrence. They are a mother and son and daughter, who have been made the defendants in a damage suit brought by Blanche Owens, who alleges that her husband’s affections were alienated by his relatives. The mother alleged that under the name of Blanche Randolph the Owens woman induced her son into a marriage with her in Kansas City. Later he left her and the suit for $20,000 for alienation of affections followed. In several cities the Lincoln people say, they have found that the former Lawrence woman used the names of Blanche Owens, Blanche Randolph, and Blanche Livingston. Alleged infatuation for Blanche Owens figured prominently in the trial of Eph Vaneil for the murder of his wife in Lawrence in 1908. Vaneil is now serving a life sentence at Lansing. The Owens woman figured in the murder case as an intimate friend of Vaneil. In the course of the Vaneil trial Blanche Owens brought a libel suit for $25,000 against a Lawrence newspaper, but the suit was later dismissed.”