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

lily tue patcAlnS W
of the Minot
affair.
We have received . letter from
Public Examiner Wallace, since
writing the foregoing, in which be
says
1t is my intention to examine all
the Mears' banks at an early date,
o particularly the Mortgage Bank
and Investment Company at Fargo.
Will write you nor fully soon.
We can only ~reiterate the hope
that the proposed examination may
be searching and thorough.
MI. Wallace's experience prompts
us to say that he cannot and will not
be fooled by the making of entries
to cover things up and that ne effort
will be spared to save the state fur.
Their disgrace and clear the field of
this rotten financial hulk, that others
may not suffer.
In this connection it is but proper
to say that on account Of Mears'
skillful use of State and National
banks, in order to q full and com.
plete investigation into his banking
affairs, it seems to W, that the u. S.
Public Examiner should be called
upon simultaneously to make this
examination with the State examiner
and if Ashley Mears were the honest
nan he would have his eastern in.
vestors think he is, he himself
would also invite the stockholders to
send an expert to examine the ac-
counts and be glad to make an hon.
est accounting, but his method of
beating everybody through his
dummy companies, being now ex.
posed, he probably will not dare to
have it proved against him.
After County Funds.
Notwithstanding the experience of
E. Ashley at Minot where the County
Treasurer withdrew the county
funds-though the Treasurer of Nc.
Henry Go. also made the cashier at
Minot come to time. while too, quite
recently he has failed in his efforts to
establish one of his swindling
machines at Sykeston in Wells
county, rumor hath it that like a
roaring lion he is still going about
seeking whom he may devour" and
that he is about to start 4 bank in
Bottineau.
The following spicy letter may
serve asa warning to all whom it
may concern. 1t is from a promi-
nent citizen of Sykeston, N. D.
under date of Dec. 26th 1891, in
which he says ..y
You don't do tho old usu.ious Devil Re. A.
Msars) Justice. He is about to start one
Of his banks here. The furniture came to
day. His time will BE- shsrt here. Tho
people are oil onto him $50 I find by the
records he has made 8 chsttel loans, ON
two Of which hs will lose both interest and
principal and the other / win defend. l
will make him think that Wells county is
. w1rm climate. He has been trying to
sell bank stock here but he will find no
suckers in this county. He has had .
yonng man here for some time trying his
luck. He left last week, said he could do
No. business for Near, here. He came here
thinking he could secure the county de-
posits and buy county warrants. It sur
prised him when the county Treasurer
refused TO deposit and the county warrants
were at par, We will give him tho benefit
Of some tres advertising. / will have my
papsr COPY some special. notice. Il will
- 20 hot for E. A. N. here that he will
think ahat hell i y ics-houss.
Mear's Meannsss. !.
The dstsstabls meannsss Of this man
Mears. = developed towards his employees
and . showing ! way in which he
squseses them, il 81 means of snids COM
psny. called The Guarantes Company 81
North Dakota.
The cashisrs arc held In bonds for $1,000
and more, indsm nifty, upon which thsy
hsve 70 -pAy ton psr cont out o. their
salary which = small anyway and il
taken out weekly. %, he manages 10 make
tho bank psY the salary 70 the clerk and
the olsrk pAy 70 him. ons dollar ! week
FOR svsry 5000 bond and for ssch bsnk hs
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