The Bottineau pioneer. (Bottineau, N.D.) 1885-1895, 1892-01-30

To have and hold said mortgage. and
the debt thereby secured and all tho in
terest conveyed by the mortgage therein
described to the said Enos Arnold his heirs
executors and assigns forever for his and,
their use and benefit. In witness whereof
A. E. Mears sec'y. Bank Of Minot, has here
unto set his hand and the coporate seal Of
said corporation the13th day Of Feb. 1889.
The coupons on this m riga &c We
are informed have been decreased
one half since the assignment.
In this way; Ashley E.. Mears
"a son of E. Ashley when he died.
rilled 800 to the church, which was
applied on this mortgage. With the
exception of this the mortgage
stands in the same waya, before.
X
More Crooked Work.
In Bottineau county there have
been 81 foreclosure sales by Ashley
Mears' Mortgage Bank and Invest
ment Company during the past three
months. Of these So took place at
Willow City and ii at Bottineau,
the county seat; 81 were conducted
by M. w. Buck Of R lgby, - by E.
M. Allen of Bottipeau and one by
Deputy Sheriff Meighen; in tho last
named sale, One George Crosbie was
the purchaser, all the rest of the pro-
perty was bid in for the Mortgage
Bank and Investment Company.
The law and custom in cases of
mortgage sales, are to file and record
with the Register of Deeds, the aft.
davit and certificate of zale, the afi-
davit of publication and that. of the
attorney.
In the cases above mentioned
nothing is fled but the certificate of
sale and that is not even indexed.
there is evidently no perpetuation
of the record a. contemplated by the
law in these cases.
There is a reason and a method in
this practice of Mears, for the mort
cages are what we have heretofore
characterized as pretended or fraudu-
lent, the first o r original ones being
in a large number Of cases held by
third parties who are doubtless
ignorant of the corrupt practices re.
ferred to; the design being presu-
mabiy to sque eye the mortgagors into
the payment of exorbitant attorney
fees and usurious interest and there.
by, by not encum bering the record
which would interfere with the bona
fde mortgage holder, give E. Ash.
ley a chance to get in his fine but
villainous work.
X 4
IF ever there was a duty incum.
bent on any public official it is that
devolving on the state Public Elk.
aminer and the Comptroller Of the
currency of the United States, in
making a thorough invest CATION
into the rotten and corrupt system
Of banking as carried on to perfection
by this slick financial genius, Ashley
Mears, and We hereby call upon
these officials to do their duty in the
premises and save the people from
losses which are inevitable uni ,ss
these practices are checked and we
caution them, that upon such exam.
i~nation, they do not permit the
sanctimonious cajoler and hypocrite,
either to buldose, honeyfugle or be.
slobber them with his willy ways.
In the near future We will show
up some more of the shiny tricks Of
E. Ashley Means, in the interest, a.
We conceive il, Of . long suffering
and deluded people. .
OF the 81 mortgages shove mentioned,
forsclosed and bid o BY Mesrs' NJ. B. and
I. Company, q hste been assigned. The
parties whose namSs appear below. that
have directly invsstSd in thsss mortgages
o. taken them . oollaisrsl, sannot feel
very sscur in their Investments. whom it
bsoomes certain. q II must soon do, that
such corrupt practices can only have hut
one determination and INST : judicial one.
whereby this man Mears will bs out short
in his CARVER Of financial infamy. Il 10 not
enough 70 ny that these foreclosures ars
Tor defaults in interest due. Fraud taints
The whole business.
The nAnss Of the assignsss rsfsrfsd 70
ars - follows: %
Sarah =. aollistsr dawson ~mostgsgor
3 r conklyn Jos Lyna "
John r Miller A Brown
Jos Birdssys \ AasChambsrlain
Danl. Clement Robs Bell
4 " K.nnav r namillerA q