The representative. [volume] (St. Paul, Minn.) 1893-1901, 1893-06-14

McHdgo. ....... .'....... y 10, SlS
T. NJ. WOOdman, (attOrney).. 5000
). u. Merritt. ................. 106,8OO
Clarence Swanson, (clerk).... 62,08O
w. c. Hobert, (plumber). 5000
w. HI. Graves, (clerk). ....... 25,425
Chas. Sorentz, Clerk. ........ II 800
b. NJ. Masters, Clerk. ........ 52,SO6
Samuel f. Ellis, Clerk ...... 81. .445
James Robinson, clerk. k)...... IA 900
Jesse F. Nadeau, (Janitor... S9,925
Here are $355,OS0 of. trust funds
loaned to sac clerks, the janitor and the
phmaberl No one can believe for one
moment, that such transactions were
honest or legitimate. Men who can
borrow $144, 800 do not act as clerks,
for clerks pittance of wages; and
janitor who is able to furnish securi-
ties for loan of $s9,925 ought to be
exhibited in dime museum. Mr..
Burke also showed that:
"Since 1884 Louis F. Menage. presi-
dent of the Northwestern Guaranty
Loan Co. has paid to Louis F. Menage
as an individual, nearly two million
dollars. He has been both payor and
payee, lender and borrower, and not
always upon the best or most approx
ed securities"
| Ttvo million dollars to the president of
the company and $9S,S7S to has fdtl,er-in-
laaol And Mr.. Burke, more than two
years ago, sent a statement of all
these facts to Thomas Lowry, Geo.
A. and John S. Pillsbury, w. D.
Washburn, Loren Fletcher and all
the other prominent Minneapolis men
who have been or are directors of the
company, and to whom the public
looked to protect their interests.
And Mr.. Burke also notified the then
governor of these facts, and he di-
rected the state bank-eXaminer, Mr..
Kenyon, to examine into the affairs
of the company and report it's condi-
tion. Mr.. Kenyon made an examina-
tion and reported, lin the face ,4of
these awful facts,-thata the institu-
tiOn was all right and properly and
honestly managed; and few days
busted to pieces with loss of mil
Mr.. Burke, very properly, preferred
charges, before Gov. Nelson, against
Mr.. Kenyon, for failure to perform
his duty in the premises. And what
was Mr.. KenyOn's answer? He met
Mr.. Burke on the street, smashed his
face and knocked him down! That of
course explained away Menage's loan
OF 1856, 900 to six clerks and the jani-
tor, and the appropriation Of 81, 1OO,-
600 by himself and father-in-law.
The blood from Mr.. Burke's wounds
of course washed awaw the indebted
ness of the concern, and reimbursed
the poor widows and orphans who had
put their little fortunes into the
swindling death-trap.
I have no personal ill-will towards
Mr.. Kenyon, but l think it is Gov.
Nelson's duty to remove him, unless
he desires distrust to arise as to every
financial institution in the common
wealth. An examiner" of that kind
is no examiner at all. He is gun
that won't shoot The people are
paying their money for nothing.
Surely, out of Minnesota's one and
half millions of people, Gov Nelson
Ecan find some one honest man, who
will protect the innocent from such
rascalities. If he cannot. let him
advertise and import somebody to do
the work required.
In the meantime Mr.. Burke de-
serves the highest praise for his fear
less exposure of iniquity.. If / was
governor / should make him bank
rexaminer, and tell him to go for them
with curry-cOmb, rake, and club.
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