The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1888-06-14

THE THOMPSON AND DAY NATTER.
The ADVANCE has heretofore an
nounced that Peter Thompson, Of the
Mobiles County Bank, and Geo. j. Day,
Of the First National Bank. were in
the throes of dissolution, not physical,
but Of the partnership which has ex-
listed between them. We also announ.
ced that the street was full Of rumors
concerning the settlement between
these two bankers and prominent citi-
zenS. 1t is therefore proper to inform
the public, so far as the facts are of
any public concern, as to the state of
their affairs. There are two features
of this matter, viz: One is simply tho
settlement between two business men,
the other concerns the affairs of q Ma.
tional Bank. or bank Of issue, aud 10
necessarily public matter.
We have waited several weeks before
attempting to speak auth0ritatively,
and have sifted out the main facts
from the numerous rumors:
!. In the private settlement there
was q difference Of $4,000 to $4,000
between the two primers. This was
submitted to arbitration and the prop.
er award made to Mr.. Thompson, to
whom MIR. Day had become deeply in
debted. Mr.. Days property was most
" ln0rtgaged, there being, as we found
by examining the records, two mort.
cages recorded in this county, one for
$50, 600 and another for $4,000. We
also ascertained that Mr.. Days Ash
land property was mortgaged to the
amount of $50, 900 to $lO,OO0. Mr.. Day
expects, and his friends pledge ~ much
for him, that Mr.. Th0nps0n's claim
shall be satisfied.
2. AS to the affairs of the First Ma.
tional Bank, the present crisis was
precipitated by the visit of the Exam.
liner few weeks ago. The Controller
then called attention to the Cashiers
method Of conducting the business. he
having, it seems. cancelled some $685.
600 stock, and borrowed some $4,000
to 900, without proper authority.
This state of affairs brought President
Knoblach here to look into matters, as
stated in q recent issue of the AID.
VANCE.
AS to the outcome, that may not be
definitely known until after the 28th Of
this month, when there will be meet.
ing of all the stock. holders. The
question OF putting the bank into
liquidation, will of course come up,
and that may be the result. AS to Mr..
Day. this state of affairs will no doubt
close his career as banker in Worth.
ingtOD. AS to his financial standing
after he has weathered the present
| storm, opinions of course will vary,
and we must ''see' our readers ''later''
! on this point.
REVIEWS HER YOUTH.
Mrs. Phoebe Chesley, Peterson. Clay
county, Iowa, tells the following re.
markable story, the truth of which is
vOuched for by the residents of the
town: II am 70 years old, have been
troubled with kidney complaint and
lamenesS for many years; could not
dress myself without help. Now am
free from all pain and soreness, and am
able to do all my own homework. l
owe my thanks to Electric Bitters for
having renewed my youth, and removed
completely all disease and pain"
Try bottle. only SO cents, at &. W.
Smith 8 drugstore. 4
Parson Lathrop, Of the NJ. E. Church,
(who is editing the Globe for rich
banker at SIS a month and boarding
himself, not as much as an ordinary
lAb0rer GETS in the last issue of that
real estate and advertising sheet,
comes ut once to the rescue and dis
cOmtiture of his criminal friend and
associate of the Luverne Herald. This
parsOn, who wears a white hat, carries
u cane, and goes to the conventions at
public expense, Tor by subscription, as
the Globe press was bOught,) is espe-
cially severe on us and actually init
mates that we are an LASS" This is
dreadful. The spirit Of his article
shows that he has taken up the quarrel
for his criminal and penitentiary
friend, and he says that we know that
1.-THE editor Of the Herald has the re-
spect and confidence Of the entire CON-
munity where he lives" Lathrop
knows this is not so. lie states what
is false. We have frequently given the
statement OF the Luverne Times, prov
ing the contrary. The Times said:
1.-THE writer Informed us that he was
ready to give Bro. Miller all the CAMS
ter lie desired, and that he has now
the atfidavits in his possession that
convict him CT most revolving crime
in society,""
The ADVANCE has given only what
the Times has published and what
prominent citizens of Luverne have
sworn to.
This pseudo parson and politico.
preacher says it is time to call a halt"
y. no! Got enough, Ell? Take him
off, Ell? Call haltv' This $l5-;.-
month parson never thought of that
when week in and week out, month
after month, and year after year, his
criminal and penitentiary associate
was insulting us by name, AS
''crank," ''lunatic," STOOL" idiot"
ETC., etc., was ridiculiug our personal
| appearance; referring to our economy
rs ''miserly" way of living; limiting
darkly at family matters, etc, etc., and
all because Of our religious and social
views. All the while the criminal and
penitentiary fraud remarked on the
other side of his paper that he did not
Indulge in personal journalism.
And so Lathrop calls halt. does he,
for his penitentiary associate? Moth
ing but immediate and unconditional
surrender. Otherwise, fight it out on
this line all summer. We propose to
put down the instruction and report
afterwards. Let us have peace when
the rebel submits.
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