St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-03-27
M,tiiciDaI Court.
IDe

P. Borthen and E. Breer, disorderly; con-
tinued until to-day.
j. Palson, w. Smith and M. Duffy, as
sault with dangerous weapon; continued to
April2.
j. Burns, vagrancy; sent out of town.
j. Laford, disorderly; ten days.
j. Garsant and NJ. Mccarthy, drunken
ness; fines of SIS, paid
S. johnson and j. Campbell, same; COM
mitted for five days.
j. W. Stoltz, peddling without license;
continued to the 2Sth.
| Chas. Byager, assault; continued until to-
| day.
R. Harris, assault; committed for 80 days.
j. Lauderdale, same; dismissed.
j. Somers, disorderly; fine of SIS paid.
James Doherty, violating railroad ordi-
| nance; fine RENTED.
V. Schanauss, j. Rail and P. P. Schranck,
disorderly; bonds given to keep the peace.
F. NJ. Boreson andM. McDermott, larceny;
held to the grand jury.
May Carr and Jennie Albright, same dis
charged.
John Pamplin, assault; committed for
thirty days.
Bell Howard, drunkenness; committed for
thirty days.
Miles O'Brien, obtaining money under
| false pretenses. Dismissed.
Resignation of Walter Mann.
Several days ago the GLOBE gave the re-
port thatwas then current on the streets, and
generally accepted as true, that Walter Mann,
president of the National German American
bank, had been requested to resign that po-
sition. The reasons for making the request
were stated at that time, and had their foun :
dation simply in the fact that Mr..
Mann's way of conducting business
was different from the ways of the directors.
They believed that the best way to conduct
the bank affairs is to take only gilt edged
paper and do business generally on a careful
and conservative basis. Mr.. Mann, on the
contrary, was more disposed to take some
risks, with the expectation of losing some
thing, but believing that the aggregate profits
of the bank at the end of the yoar, by keep
ing the money in constant use, would be
larger under his way of transacting business
than they would under the more conservative
plan proposed by the directors.
1t was this radical difference of opinion
that caused the directors to request him tc
resign. Mr.. Mann declined to do so and
has continued to act as president
He had a considerable amount of
stock in the bank himself, and
he had induced his friends to put in still
larger sum. The amount he had invested
in the bank was about 100000, while his
friends had in about 100000; making
about 100000 altogether. Mr. Mann fell
that he ought to protect the investment Of
his friends as well as his own. He therefore
declined to resign, but he has since
changed his mind, and the
directors have accepted his
resignation which was rendered several days
ago. Mr.. Mann is to be paid the face of his
investment 5000 with per cent inter
est from the first of January last, and pre-
MUM equal to the balance of his salary fol-
the year. His salary was $4,000 per year
This will leave about ten months TO pay for
making about $4,000. The sun
total therefore that be will re-
ceive will he about $94 ,00G Tue none,
that his friends have put in, 500, 900, the,
will he allowed 10 take out on tie same terms
except IN r"ssrd to SALARY. That is to say, II
they desire 10 sell their stock the bank viii
purchase it Or find some else to buy it at par
The probability is that the stock will not hi
sold, AZ II * al premium aud raupol b,
bought fCi less lLsn SI.I2 Sill The stock
holders owning this S210 ooo have tue priv
le%r of disposing Of il at any time within
sixty days on tle terms named
Mr. James w. Darrab, corner Thrty-thirt
| and Filbert streets Philadelnhia sars he ba