St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-10-06
PUBLIC WAS SURPRISED.
GRAND JURY STANDS PAT ON MENACE
AND SZREETER.
ALL THE BALANCE ARE FREE.

the Old Ones Being Quashed-
He Submits to q Short Talk
With the Globe Reporter.
| w. S. Streeter, of the Northwestern
Guaranty Loan company, was brought
| before Judge CAVITY yesterday morning
and arralgned on indictments recently
found by the grand jury, to all of which
he pleaded not guilty. These were as
follows: One Indictment against the
accused singly, charging him with
knowingly declaring a fraudulent div
ldend,o one charging Menage and Streeter
Jointly with grand larceny of S270, 81,
one Joint Indictment against Menage
! and Streeter charging them with grand
larceny OF S100,000. The amount of bail
liked for Streeter In each indictment
was $4,000, or $4,000 in all. Streeter's
original Indictment and the ole under
| which he was arrested was quashed,
and he may be able to secure the $50, 600
bail bonds as fixed by Judge CAVITY.
Nine. Emily E. Lassague was not ex-
amined in The police court for grand lar
ceny. Her case was dismissed there.
as she was held under an indictment by
the grand jury for an alleged offenSe
concerning the same subject matter.
She was arraigned under Indictment
for larceny in the second degree before
Judge Canty, who fixed her bail at $780,
John HenneSSey pleaded not guilty to
the Indictment for highway robbery.
and was remanded, while Tille Dooms.
the colored girl, pleaded not guilty TO
/ grand larceny, and was also remanded.
1t is matter OF considerable surprise
that more indictments were not re-
| turned against the Guaranty Loan peo-
/ pie, but such was the case. There
is apparently good reason for this.
as the immensely of the lob
| before the grand jury became more evil
dent as the time wore on, and that BODY
felt that it must stop somewhere or
! cover the entire field, raklng in everv-
body, from the president and board of
directors down to the humblest subordi-
nate. 1t Is understood that the testi-
mony of State Bank Examiner KENYON
did more than anything else to excul-
pate the directors from blame. As he
J never saw the book recording the bogus
| note transactions, 1t is now inferred
that the directors were deceived in the
same way. The grand jury held that
! Streeter must have had knowledge of
the general rottennesS of the affairs and
was guilty i'll falsely declaring the last
dividend.
| n NLobE IepoTler callcQ on MIR.
! Streeter at the county Jail Yesterday
afternoon. He found him to be a man
i of gentiemanly demeanor and scrupu-
| lousy neat personal appearance. When
the reporter was introduced to him he
shook his hand with great frankness.
! and Immediately inquired if his caller
was a newspaper man. When he ascer-
| tanned this to be the fact, he immedi-
ately said: IL must decline to say any
thing about my case to the gentlemen
of the press. L have this afternoon
held conference with my attorney.
Mr.. Lancaster, and he directs me
to refer all your kind of people
to him. You will excuse me.
wonn't you? Don't you think YOU
had better see Mr.. Loncaster?' he
eagerly added. Then he remarked:
IL appreciate your Kindness IN visit
ing me. Allow me to put down YOUR
name and address III TINS little mem
orandum book. L place OIL this the
name of all my callers"
referring again to his case he said:
II appreciate your statement that nv
side of this Guaranty Loan story has
not yet been printed. 1t almost seems
TO me at times that | ought to give il
out, but you know it is not best to trv
any case in the newspapers, and do
not want to prejudice myself.''
MIR. Streeter seemed in a more cheer
full frame of mind than one would ordi-
narllY suppose he could be with so
heavy burden bearing down upOp him.
In an elegant case of Russian leather ne
had the photographs of his wife and
two children. He spoke in the highest
terms of Sheriff Eye and his assistants.
''Ihey are very considerable to me-" he
declared, and in a sort of Serio-cOmic
they would never let any one escape.''
AS the GLOBE man approached the door
to go out, MIR. Streeter SAID, You forget
that the door is locked. Wait till I
sound my signal" At this he took IN
his tin cup and clinked 1t OIL the iron
grating.
AS the GLOBE man walked through
the storm toward Attorney Lancaster's
office he reflected upon the man he had
seen and heard. In spite of indict-
ments; in spite of all that has been said
against Streeter in the public prints, he
felt sympathy. The impression forced
itself upon him that the biggest rogue
in the deal was the real criminal, Me
mage, and that perhaps when Streeter is
given "a show for his white aIley'' he
may not prove so guilty as is imagined.
Attorney Lancaster informed the
GLOBE that as Streeter's original in
dictment had been quashed, and his to-
tai bail is now S30.0OO. that he had good
hopes of being able to raise it within a
few days.
In this connection it may be we'll to
refer to the statutes concerning the liza
pity OF corporations, which read as
follows:
Section 2465 of Kelly's statutes of the
state of Minnesota provides as follows:
"Ihe diversion of the corporate prop |
erty to otherObjectS than those specified |
In the articles and notices published as |
aforesaid articles of incorporation Cf |
any person is injured thereby, the de- |
clarlng of dividends when the profits are |
insufficient to pay the same, the payment |
OF dividends when the funds remain !
Ing Will not meet the liabilities of the |
corporation. any wifull failure to COM |
ply with the articles of Incorporation, or |
any Intentional deception of the public |
or individuals in relation to their means |
or liabilities, are criminal offenses, and |
persons guilty of them may be indicted. !
and on conviction shall be punished by |
fine OF not more than $1,000 or by i'm /
prisonment In the state prison not more !
IMAM tnree years, or both such fine and |
imprisonment, in the discretion of the |
court"
This section is under the head of rail. !
way corporations, but Section 1859 of |
kelly,s notes says it shall apply and
ne observed by corporations organizing |
under this (generaD statutes.
The grand jury of Hennepin county |
has had before it the records of the |
Northwestern Guaranty Loan associa-
ton. These records show the following |
facts:
First. That in June. 1893, the said |
association, at meeting of its board of |
directors, voted to pay a dividend of |
$4,000.
Second. That the said association |
was at that time insolvent
Third: That the directors, indlvidu- |
ally. had notice of that fact.
Fourth. The said records show
which Of the board of directors were |
present and voted to pay such divi- |
dends.
The questions that present them !
selves are: Why does fhe grand inr,-