St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-01-14
ALL IS NOW LOVELY.
Warning Building and Loan
Factions Form an Amir
alton Society.
Kneale'S Followers Could Not
Prevent the Endorsement
Of Cole.
City Officers Outline Their
Views on Legislation for
Minneapolis.
Members Of the Loyal Legion
Banquet--Bank Elec-
tionS.

Loan and Protective association was a
very mild affair compared to the stormy
meetings which have characterized the
annual gatherings of the members of
that organization. For the most part
the shareholders were in good humor,
the members of the Kneale-Dyer faction
alone sulking and waging a bootess
warfare to the very last gasp of
the little life that was left
in them. When the Independents
sensibly accepted the report of the con-
ference committee the procedure
knocked the wind out of. and the under
pinning from beneath, the Kneale peO-
pie, and sent them in bunch to grass.
The fight in the ranks of the union has
been remarkable one even in this era
of financial combinations and schemes.
The concern was apparently torn and
disrupted from end to end, and
its mutilated remains were in such de-
plorable condition last Saturday morn
ing that all hopes even Of their partial
reviviflcatiOn and restoration appeared
at first glance fruitless. But President
Cole, W. j. Evans, of Winona; Mason
Evan s, of Ohio; Judge Kelley, of Wis
consin, and several other determined
and leVel-headed men were determined
to cure the union of its illness, and they
succeeded in again putting the concern
on its feet stronger, perhaps. than ever
for the scorching experience 1t has been
made to undergo.
The result of yesterdays election of
board of directors was virtual indorSe-
ment of the cOncilatory policy of Pres
ident Cole, inaugurated by him during
the meeting, and Of his management OF
the affairs of the association. ReSOlu-
tons of confidence in his capacity as
president of the union and in his lnteg-
rity as man were unanimously adopt
ed. In fact the meeting yesterday aft
ernoon resolved itself for a term into
great big mutual admiration So
ciety, recalling the exclamation of
Artemus Ward to newspaper
man: "If you scratch my back Pll
scratch yOurn." Chairman Evans
opened the gathering of fully 400 stock
holders and idle spectators by explain
ing the system of voting adopted by the
union. The report of the proxy COM
mittee was then read by w. j. Nye, OF
the park board, giving the names
of the shareholders and proxies
entitled to vote. The designations of
the old board of directors, President
cepted. The chairman announced the
election was next in order, when Mr..
Ballou, of Nebraska, made motion
thai the directors be voted for Sepa-
rately according TO the lengths of the
terms they were nominated to serve. 5.
j. EdmundS combatted the motion, adj
vOcating the voting of the slate in a sin
gle ballot. and Mr.. Ballou's motion was
lost. Judge Emery, on behalf of the
tellers, mapped out way for the voters
to take in reaching and departing from
the ballot box that facilitated the work
of the tellers. The polls were then an
nounced as open.
The slate or ticket arranged by Pres
ident Cole and the conference commit
tee was as follows:
For directors of the National Building,
Loan and Protective union.
For Three Years-W. j. Evans, Of Mime
sofa; W A. Toles, of Illinois.
For Two Years-Emerson Cole. OF Mime
sofa: John f. Calderwood, of Minnesota;
Charles V. Bardeen, of Wisconsin,
For One Year-Charles P. Lowell, of Min
nesota; O. p. Mcdonald, of Iowa.
A few minutes after the casting
of ballots began Judge Kelley's
hawk eye discovered a second ticket in
the field. 1t was the result of Shrewd
move on the part of the Kneale-Dyer
forces that didn't pan out rich" The
ticket was as follows:
INDEPENDENT TICKET.
For Directors:
Three Years-W. ]. Evans, of winona.
Mimi; William II. Shakespeare, of Kala-
mazoo, Mich; j. j. Everingham, of Omaha,
Neb
For Two Years-John F. Calderwood, of
Minneapolis, Mimi; o. G. Waterman, of
Chicago, Ill.
For one Year-Arthur e. Mountain, of
Marinette, Wis. r. $. Adams, of Lisbon,
N. d.
Judge Kelly directed the attention of
the genuine Independents to the second
ticket and told them to scan their tick
cts closely before casting them. During
the election Chairman Evans thanked
the delegation for the courtesy with
which they had treated him while pre-
siding over their deliberations, and
later on Mr.. Lowry, of Keokuk. To-,
in a rousing speech presented motion
embracing the appreciation OF the chair
mans valuable services. The motion
was carried unanimously, and followed
by a succession of cheers that visibly
affected and embarrassed the genial
chairman. Mr.. Evans has really won
warm place in the estimation of all Of
the shareholders.
The following resolutions were offered
and adopted:
Whereas, George y. Haywood Jr., direc.
tor of the union and its secretary, in order
to promote the interest of the union volun-
tarily resigned his position, be it
Resolved, That the shareholders do hereby
express their sense of obligation to Mr.. Hey
wood and do hereby declare their fullest
confdept I his integrity; and,
Whereas, ". F. Merriam and Charles W.
Khone directors in the union, in order to
promote the interests of the union have vol
unfairly resigned their positions as directors
of the union be 1t
Resolved, That the shareholders of the
union fully express their sense of obligation
to Mr. Merriam and Mr.. Rhone, and declare
their appreciation of this part of their serv-
ice as honest, efficient and faithful directors.
Whereas, The stockholders Of the National
Building Loan and Protective Union of
Minneapolis Mimi, consists of individuals
who labor for their living. and comprises
persons who appreciate and honor CONNER
ciai integrity wherever found: and.
Whereas, They have invested the results
of their labors in the organization known
and patronized throughout a large number
the United States of America believing in
the fidelity off officers; and
Whereas, 1t appears to them. that certain
of said officers have not at all times been
faithful to the trust reposed in them; and
Whereas, II likewise appears TO said share
holders that certain other officers lntrusted
With the care ana DldHdSciHeIlG VI lltIf IuuuS
have been faithful to their trust and have.
even at the risk of mourning calumnY, dared
TO expose the infdelity of those who have be-
trayed their trust and
Whereas it appears that Emerson E. Cole,
president of said union, has been the leader
and instigator of the minority of officers, who
finally succeeded in the exposition of said
infdelity, and has finally made said minority
majority of the officers of said union: now
therefore,
Be it resolved, That the members of said
union, in convention assembled, appreciat-
ing the efforts of said Emerson e. Cole, pres
ident of said union. and honoring his integ
rity, do hereby indorse his administration,
his efforts to secure the Investments of said
union and its shareholders, and his fidelity
to the great and responsible trust reposed in
him by the members thereof-rejoicing as we
do in the fact that the city of Minneapolis
has provided a man who has thus honored
his CITY. and who, we trust, will so continue
to honor it and perpetuate said union.
The resolution which had been offered
by Roberto Courin. of Iowa, was IMAM
imouslv adopted. A resolution exceed
ingly complimentary to Treasurer
Pantley, referring to him as the only
IIo+5,oo,. who had ncoaDpd susnici0n y