Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1876-03-22
Peoples Loan and Building Association
of Richmond.

We have received from Col. j. ". Spaulding Of
Richmond, the first annual report OF the Peoples
Loan and Building Association ofthat town. This
is the only institution of the kid in the State,
and it has only been in existence year, having
been incorporated Feb. 22d, 1875. The design OF
the institution is two fold-a savings bank for the
safe keeping OF deposits upon which interest is
paid or rather allowed to accrue for given period,
and fand from which loans are made TO mem
bers of the association on good security. We are
unable TO give the details of the policy of the in
sttuton; but can add that similar associations
have proved remarkably successful in Phllade
phia and other large towns in Pennsylvania, hun
dreds of mechanics and men of small incomes be-
ing enabled thereby to secure homesteads. The
report before shows that the Richmond Assoc
citation has been successful its first year. The
present number Of shares is 4i6, represented by
40 stockholders. The total value of each share
is Sl764, which cost the holder Sl2, giving gain
of Sj,64 per share. The receipts the first year
were follows; lnstallments Sj519 interest
>225 fines $500; mortgages repaid $1,000; pre-
miums on loans $3.50; advance payments Sli95.-
G5-total 81 ,034.Sj. The disbursements were as
follows; Loans to members $500; for shares
Withdrawn s2o5So; interest and premium S2S3-
30; advance payments Sll16; interest payments
Si66 rent, officers printing, etc, S2lS40; bal
ance in treasury SS0i 50-toal Sll ,03i.Sj.
Mr.. EDITOR Several communications having
appeared IN your columns relative to an affair that
transpred in this village recently, wish to state
the facts in the case, that no injustice may be
done anyone. III. Blake and l.. L. Carleton,
Esqrs., appeared as counsel for Loring Foss of
Wayne, who was arragrcd before Trial Justice
Woodward on a charge of knowingly letting
| building owned by him, for the Illegal keeping
! and sale of intoxicating liquors. No counsel ap-
| peared for the government. The justice sought
TO prove by parole, Foss' ownership to the build
| ing in question. Strenuous objection being made
by the respondents counsel to such course, and
also to the Justices efforts to make witnesses COM
NIT themselves to a statement that they could not
| and would not swear to, Carleton, the senior
| counsel, threatened by his Honor with arrest
| for contempt. Nothing further occurred to dis
! turb the serenity of the court room until the fol-
| lowing Monday (this occurrence was on Saturday,
| during the trial Of A. l.. Cobb for being clerk of
j. M. Pulsifer land, by the way, Cobbs name
was inserted in the warrant which was originally
against Pulsiter alone, long after had passed
out of the magistrates hands who issued it, his
Honor, Mr.. W., took occasion to remark to the
counsel for Cobb, that their objections all the way
through were very impertinent and based on
Ignorance; such a remark was uncalled for to say
1.-THE least; and leave the public to form their own
aopinon of such remark. The climax came,
however, when Mr. Cobb on the stand in his
Town defence; Mr.. w. asked him Cobb a ques-
ton, the answer to which might criminate himself
or might make him liable to a criminal prosecu-
ton. Cobb declined to answer. w. said he must.
Blake then remarked to Carleton, his associate
counsel "you better read the constitution to him."
| w. said, "dOnt you insult me-. H. sald 81 was
addressing my associate COUNSEL w. said, stop
fright where you are, don't you make any reply
to me, Sir" b. said, 81 was addressing my asso-
ciate counsel, and have right to-" w. said,
"Mr. Officer, arrest that man and remove him from
the ROOM" Thereupon officer Carr proceeded to
'lremove Mr.. b. amid intense excitement Mr.. b.
protested, and Indignantly denied their right I'M
der the circumstances to do such a thing, and re-
peatedly asked the court to be heard in the matter
<but the courts reply 81 have nothing to say to
1you Sir; Mr.. Officer remove him and put him
under keepers" Then Mr.. b., finding that his
appeals to reason and common sense were of no
avail, said "may it please this honorable court
Twill find remedy for this, and turning to officer
lCarr made the same remark to him. Mr.. b. drew
lno pistol did not attempt to draw any, made no
threat other than stated This took place just pre-
Avious to adjournment. In the evening MIR. b.
appeared in his place as counsel, and so remained
until the close OF the case. The next day Mr. b.
commenced an action against Woodward and Carr
for false Imprisonment, laying his damages at
$4,000. Thereupon Mr.. w. procured warrant
for BIS arrest on his (W's) afila that he (W)
feared B. intended to do him some bodily injury.
Finally Doth suits were abandoned at the earnest
solicitations of the friends and counsel of each
! Thus the matter terminated; Il. made no promises
other than to abandon his suit. Thus would the
matter have rested, had not some one through
Ignorance or a desire to appear absurd, rushed
INTO PRINT with untrue statements calculated to
,lpiure ami to harm Mr.. B. These the facts,
and the writer challenges truthful contradiction.
Ii am induced to write these facts at the earnest
solcitation of many eye-witnesses to what is here
l3tated. L.. L. CARLETON.
WINTHROP, March 20, 1876.