St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-11-09


and laid them on my desk. One of
these notes was TO take up the note due
June "a, one was the identical note
known as exhibit A, and the other was
to take up the note due at the same
time, which was June %. | know it was
June IS because have here check for
SIS which gave on that day for the in
tereSt on the note due June "a.
i say this exhibit A is one of the iden-
teal notes which Mr.. Blaisdell signed
on that day because Mr.. Williams says
that it is one of the notes which l
brought to the bank on June 2S.
'On July 5 Mr.. Blaisdell signedt welve
notes for me instead of three, as he says,
some of which were used and some of
which were not. He signed these notes
at my desk. Julius Schultz was present
when he signed at least half of them.
signing the notes. l introduced him to
Blasdeil.
"On July 1, 1 was sent for by Mr..
Chamberlain. of the Security bank.
There were checks OF mine amounting
to several thousand dollars held by the
Flour City bank which could not pay.
/ wanted Mr.. Chamberlain to pay them.
but he said he could not do so without
the consent of the discount committee.
He said: Cant you get Mr.. Blaisdell
to indorse for you?' / said: 81 do not
know where he is" Mr.. Chamberlain
looked up and SAID: "There he comes
now" l went and met him, told him
what i wanted, and he went to my
office. 1t was near the close of banking
hours. / made out note for $1,000,
BlaiSdell Endorsed il, and L gave him a
check for over 5000 for interest which
Inv ha Lots hof I hnnonf of
him on which l commenced to build
my house.
"While we were attending to the bust
ness Mr. Num-, of Hooker & Num-,
came it to collect $50 of interest which
owed client of his on a mortgage,
and l gave him check for it. Mr..
Num- and myself started for the Sc
curity bank together, but as he had to
stop III his office l got there first and
just in time. He was too
late" Here the witness produced
the checks and papers referred
to in his evidence. "BIaisdell did not in
dorse a $500 five-day note for me on
July %, as he said, but did do it on the
9th. l put it in the Security bank on
July 27. 1t was renewal note, and
was signed in my office. Mr.. BlaiSdell
called there and wanted me to go out TO
the lake the next day with him and
stay over Sunday. went ont as he re-
quested, and took my little girl with me.
The rest of my family were absent.
The reason why he signed so many notes
July was because | was going away to
be gone several weeks, and | had
a number of notes coming due in
that time. and the new ones
were for renewals. went
away July 4. l did not know
whether l could renew them all, and so
some extra notes were made to be used
to borrow money elsewhere in case any
could not be renewed. The notes were
put in envelopes, marked with the notes
which they were to take up and left
with my brother to attend to. Mr..
Schultz went to his Office and in
a few moments the other notes
were sent to him to negotiate
if it should prove to be necessary. Mr..
BlaiSdell has signed paper for me for
five years. -Four years ago he Endorsed
s20,0 1t was prior to the completion
of the st. Charles hotel in this city. l
had the promise of loan from the st.
pany, but was disappointed in get
ting it. Mr.. Schultz said he could
negotiate loan for me on
good Endorsed paper. l spoke to Mr..
Blaisdell about it. and he endorsed my
paper to the amount of $4,000, all in
Guided at that time. Those notes have
never been paid in full except by re-
newals. He did not ask me for security.
but | gave him a deed of the
st. Charles hotel property. He carried
it about year, and then re-
turned it to me without recording it.
saying that he did not want it. told
him he had better keep it, but he would
not do it," The witness then went on
to describe how intimate his relations
had been with Mr.. Blaisdell since eight
years ago, when he commenced to do
Mr.. Blaisdell'S law and other
business. He said that he had
always consulted MI. Baisdell about
any financial steps of Importance, and
that Mr.. Blaisdell had in the same man
ner consulted him. He said that he had
invested about 100000 at Gladstone,
Mich. and that Mr.. Blaisdell knew all
about it; that the proceeds of the notes
which Mi. Blaisdell had indo rsed had
gone into real estate and building. He
said that he had owned about 100000
in equities in Minneapolis; that
Mr.. BIaisdell saw the plans of
his new residences; that when
he bought the lots OF Mr.. Blaisdell it
was the understanding that he was to
build house to cost not less than S20,-
600, and then to get mortgage on the
whole for the entire purchase money,
which was $4,000; that the estimated
cost of his house as commenced was
from $50, 900 to $4,000.
Regarding the amount of BlaiSdell'S
Endorsements. the witness said: -Four
years ago they amounted to 1000: two
- oY,l Oct
1888, to about $165,000. The majority of
the notes were renewed. If a holder
wanted his money paid it, but the
majority wanted renewals. A great
deal of the paper is still in the original
hands. | have paid some, but have
never, at any time, reduced the gross
amount.
"About four years ago | did business
with the Hennepin County bank, but
about that time | transferred my ac-
count to the Security bank and the Ma
tional Bank of Commerce. Since that
time nearly all of my notes were made
payable at the Security bank. A few
were made payable in New York at
special request. Nearly all of the Off
Gals of the Security bank have some of
the paper.
Formerly it was Mr.. Blaisdel's prac-
LlC6 10 lUuUTSo lily HUGS dG ulS HOUSE,
but he requested me not to bring any
more there, as he did not want his
family to know that he was doing it.
He never refused to indorse note for
me, and has been frequent visitor at
my office" The witness then undertook
to explain away the statement which he
made to Mr.. Chamberlain, of the Sc
curity bank, July "a, in which he said
that there were but $4,000 of his paper
oot and that Mr.. Blaisdell was on $685.
600 of it. He said Mr.. Blaisdell bad
often requested him not TO put notes in
the Security bank, because he was a
borrower there himself and it inter-
fered with his obtaining accommOda-
tons, as the notes, being Endorsed
by Mr.. Blaisdell. were regarded
as being his own notes. AT
one time he had told me that he had
made statement to Chamberlain, and
wanted me to confirm it. / said / would
do so. l saw him soon after made the
statement to Chamberlain in July. l
told him what had done, and he said