Dakota farmers' leader. (Canton, S.D.) 1890-19??, 1893-12-29
The Farmers L Leader
cY A Happy New Year to all and
the readers of the LEADER.
CANTON, S. D., December 26, 4 s93.

MIR. N. Y. NASH, ~
Editor Sioux Valley News.
SIR: In your last YOU make some spe
cifc charges. This is getting down to
business, and now ask for space in your
paper in order that the same readers can
read both sides of the controversy. Have
you manhood enough left to grant me
This simple justice?
l understand your object is SO ruin me;
and admire your judgment in selecting
these stringent times in which to carry
out your purpose, but do not give you
credit for this wisdom. 1 recognize the
power behind the throne. have fought
this power before and am not trembling
now. Business men generally will fully
appreciated the animus of the attack
which is precipated at u time when all
are in need of confidence to enable us all
to sustain ourselves through this stringent
time. You have struck the blow. i
challenge the facts but not Infamous lies
and falsehoods. For these shall hold
you accountable, and shall hold myself
accountable for any SANDERS on you. AS
repeatedly stated am in this game only
on the defense. A time will come when
it will be proper to show up your charac-
ter and those egging you on. In order
that there will be no misunderstanding
between us, 1 claim that ACTS performed
by me rs in employee of the Bank of
Canton can not be charged to me as an
Individual. Prior to 1889 that bank did
charge the same rale Of interest as the
other banks in this town and no more. If
the action of that bank in taking such
rate Of interest, renders all its employees
infamous, then every bank in Lincoln
county and the state of South Dakota
are equally guilty and Your charge should
be directed to the whole class. I am
willing to take my part Of the censure if
you apply 1t to all. When the legislature
reenacted the law making it misdemean-
or to take more than twelve per cent. all
the banks of Canton at once complied
with the law and charged only twelve per
cent. and think the loan agents did also
with the exception of NJ. E. Rudolph. He
has been charging, as he says all ne can
get and his regular rate is two per cent.
per month so am informed. He is with
you in this attack, and when NJ. d.
Rudolph attacks me further shall. attend
to him.
You charge me with making Robert
Black pay $3.50 for the use of $3.50 for
thirty days. 1t is false. l never loaned
him cent in my life. On the 3lst day
of January 1889, he applied to the Bank
of Canton for Il loan. | remember the
transaction we'll l told him | could not
make the loan for the bank unless he paid
ST. 80 to the bank for making an abstract
of the chaItle mortgage record and for
drawing and filing the mortgage, and 81 ;
for the loan. That on account Of
the bank having sustained severe losses
resulting from taking security which was
already mortgaged. The directors of
the bank had adopted such rule and if
by any of its officers and Il loss
occurred, the loss should be borne by the
officer and not the bank. l declined the
oan stating to him that he could not
afford to comply with this rule for such
! small loan, and advised him to try else
where. He went away and soon came
back and stated he could not get the