St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-01-15
freely his Senator sabin's) own personal

freely his (Senator Sabin's) own personal
meaps and his name as an indors for the
business of a corporation in which he was
only one member. Mr.. Kittson's entire
claim was compromised and settled to
his complete satisfaction. although he
was sufferer to a large amount; and after
the settlement was made, Mr.. Kittson fre-
quently stated to me he was fully satisfied
with Mr., Sabln's action, regretted the mis-
fortune that had happened to him, finan
cialiy, and hoped that he would meet with
good success in the future. In nothing that
Mr.. Sabin stated to Inc. in M long negotia-
lions with him, did ever find that he had
uttered to me an untruth.
ST. Paul. Jan. IA, 1889.
JUDGE YOUNG EXPLAINS THE INVENTORY.
Hon. d. NJ. Sabn. Merchants Hotel, st.
Paul-Dear Sir: have read the article in
the Pioneer Press over the signature of Ii. G.
Stone. In the trial mentioned by him in the
district court of Washington county | was
one of the counsel. GOV. Davis and myself
representing the receiver of Seymour, Sabin
d Co. and the interests of the credit
ors of that company In that case
the same charges were made against you,
which are now reiterated by MIR. Stone but
the parties making the charges wholly failed
to sustain them ana were beaten in the case.
The evidence then taken filed some !, 800
printed pages, and the extract from Mr..
0'Gorman's evidence gives no correct idea of
the facts or of his testimony. 1t appeared that
the values of theinventory were first arbitrar
lily reduced below just valuation, ana then
restored to what was considered a Just Valu-
ton. But on this and all other points the
decision of the court. which was not appealed
from, is the authoritative, and certainly the
most satisfactory evidence of what was
proved and what was not proved, and much
better than the statements of counsel or
other parties interested on either side. You
are, of course, at liberty to make such use of
this letter as you may desire.
Yours truly, GEORGE B. YOUNG.
st. Paul, Jan. Il. 1889.
JUDGE M'CL URE'S OPINION.
In the decision of Judge William M.
Mcclure in the Washington county dis
trict court in the case OF HOspes & Co.
company, the whole question of fraud is
fully considered, and the judge says:
1t is not claimed that these men, D. NJ
Sabin and others, were guilty of any willful
fraud; their high position as discreet, careful
and successful business men i'll this commu-
nifty warranted their associates in the conf
dence they seem to have felt, that everything
that sound business discretion required
would be dOne to guard and protect their in
terests. and the fact that the enterprise sub
sequently miscarried woulo not certainly
justify the court i'll imparting either fraud or
such negligence and misconduct on their
part as TO amount to fraud.
A BUSINESS MANS VIEW.
The testimony of Mr.. Kirk. of the
prominent wholesale firm of Farwell,
OZmun & Kirk, furnishes cumulative
evidence of great value, r. A. Kirk,
of Farwell, Ozmun, Kirk & Co., whole
sale hardware. says:
am not a politician and am very busy, but
always have time to say good word for
Senator SaDin. lam director in the Mn
nesota, Thresher Manufacturing company,
and have known Mr.. Sabin's connection with
that company, which has been most honor
able one 10 him in every respect. 1t has been
square deal from first to last, and
a remarkable exhibition of the senator's
power for organization, and also of the con-
fidence placed in him by financial men in
the East of the highest standing. don't
know another man i'll my acquaintance who,
| think, in the same circumstances could
have carried through such an organization.
The fact is Senator Sabin staid by the car
company and backed it to the end with all the
money he could POSSIBLY raise, and he, him.
self, went down with the wreck and there
was no covering up of private property.
1t was disastrous failure, and Senator Sabn
was heavier loser in it than were any dozen
OF the other sufferers. l have never known
a man to show more fortitude and nerve,
and also more patient, enduring work than
Mr.. Sabin has shown since the failure in
trying to retrieve the fortunes of himself and
of all those associated with him.