Devils Lake inter-ocean. (Devils Lake, Ramsey Co., Dakota [N.D.]) 1884-1905, 1886-01-23


cheap rate Of interest with which TO
place the Bunk OF Devils Like on IA
financial footing that would enable it to
rompete with the First National Bank,
then about to open business here
This excuse Of Mr.. Stones does no,
| 'gree with an intcrve.r had bv a Chica.
90 Tribune reporter with Mr. Crawford.
The interview is az follows:
Mr. Crawford was asked about tho
mortgage Of Mr. Stones property to him,
md explained that he advanced $50 900
]" Mr.. Stone for the purpose of huildn,.
house, and took \ mortgage OH the
property to protect himself He knew
nottlinY Of the affairs Of tho bank.
Stone has never built house in Da.
kota since the da,c Of tho mortgage.
His building has been confined chiefly
to financial air castles. Furthermore, he
did not put the $4,000 in tho bank "to
mako it a solid institution" He never,
put money in anything except for the
purpose ofmaking Stonc solid.
THE STEEL CHEST.
Only a few of the depositors were
aware that the steel chest purchased by
the bank over year ago had been sent
to St. Paul for repairs. The facts con.
corning this matter arc given by Mr.
Corsett us follows: A steel chest was
purchased Of tho Mosler Bahman Safe
company and placed within tho fire,
proof vault Mr.. Corsett states that he
had reason TO believe the chest was no,
burglar-proof, and he determined to put
it to test before making final payment
on it. Accordingly, safe expert from
St. Paul was sent for. lilo came with
full sot Of such tools As arc usually on,
ploycd by burglars-jimmies, jack.
screws, blow-pip.s, etc. Ho spent two
nights trying to get into tho safe, first at-
tempting to drill away tho dial One
whole night Of hard labor resulted dis
astrously--to the expert. lie did no,
get through, breaking all his drills in the
effort to do so. Tho second night was
spent with new set Of drills in attack
ing the steel plates in tho side Of the
safe. The drills were broken of in the
hole. The blow-pipo was then used
with great vigor. but the broken drill
points wouldn't "thaw out" The name
Of tho expert is Strauss. His ancestry
sprang from Jerusalem. He WAS very
profane, aud pcrspired like Il London
fox. When he found that the safe could
not be cracked, he swore by the crooked
great toe Of Moses that "der save ish no
goot, but der Dakota climate hef II pad
known citlzcns witnessed the perform.
s,ncc, and were there to laugh ut the gen.
tlenluu from Jerusalem.
The dial and dia. bols being broken
and otherwise injured, it became nece..
sary to send the steel chest to st. Paul
for repairs. It is still III the factory
there, the experts having had great dif
ticuIty in dslodgins and replacing the
shattered bolts. Mr. Colsett states that
since the chest Was sent away the bunk
funds have been kept in the steel chest
Of McGee & Morgal,'s safe, that being
the only burglar proof safe in the city
except those Of the two rival banking in
stilutons. Alter the expert failed ~
crack the chest the balance due upol,
it WAS paid, and it is now among tho as
sets of the broken bank.
MRS. coRsgrr's PROPERTY.
Among the street rumors that have
been flying like w,ldtire since the failure
is one to the effect that Mr.. Corset has
has been in the habit Of transferring his
property to his wife. Were this true,
there could be no doubt about the cause
OF the failure. Conspiracy to detraud
would be about the legal size
Of IL, If he had used bank mon.
eys 10 purchase the property. The
INTER R-OcEAS questioned Mrs. Corsett on
this subject and that lady states that
when she consented to leave her home
In Michigan and come 10 Dakota, hcr
chief object wis TO be with her husband,
then in Grand Forks, who wrote her the
welcome intelligence that his health was
greatly improve, and that the pure air
and vigorous sunshine Of Dakota were
magical i'll their effects.upon his shatter.
ed constitution. Mr.. Corset had been
all invalid for ten years. The climates
of various parts Of the Rocky mountains
had failed to restore his lost physical
vigor, and it remained for Dakota to fur.
nish the balm that would check the
wasting frame and heal the solitary lung
that disease had not yet deprived him
of. Mrs. Corset consented TO come to
Dakota, but with the express under.
standing that the money realized from
the sale Of the family homestead at Kali
amazoo-the same having come to her
by inheritance and as result Of her Ia.
bors rs tcacher-should I've solely at
her disposal. Mr.. Corsetts most init
mate friends did not believe that he
could lvrg survive the affliction that had
been for years sapping his vitality, and
his wife's fear that the title to their little
Ill might become cntangled in case Mr..
Corset should suddenly pass away mus,
I