St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-09-21

liz NOlCSs
The investigation by the grand jury
into the affairs of the defunct North
western Guaranty Loan association is
the great topic of conversation. A pro-
vision of the statute has been unearthed
which provides that if the directors OF
a company divert to their use. or cause
TO be paid as dividends, any sum what
ever when the earnings of the company
do not show a profit, shall be guilty of a
felony, and shall be subject to fine of
not more than s. 900 and Imprisonment
in states prison for term not exceed
ing three years.
The records OF the association, which
are now in the possession of the grand
jury. it is said. show that the last divi-
dend of $4,000 was declared and paid
Dec. %, 1892, those present and voting
for it were Loren Fletcher. c. j. Robin
son, G. II. Petit, w. j. Croker and w.
S. Streeter.
Among the witnesses before the grand
jury yesterday in the matter were:
Thomas IngerSoll. d clerk: Supt. Louis
Dugan, w. II. Norris, Cole, PercivaI
and Gray. other clerks; Cashier Chase,
Washington Gray. chief bookkeeper>of
the company; Joseph Shanfeld, an
office boy; Henry Fletcher, G.
q. Petit, Attorneys Belden.
Hubacheck. Lawrence. Atwater,
Laybourn, kellogg. c. d. O'BTien, Of
St. Paul, and lockwood. In addition to
these, various officers and clerks Of the
Metropolitan Trust company, the St.
Paul and Minneapolis Trust company
and the Minnesota Loan and Trust com
pany are subRenaed to give informa-
ton.
Shanfield, it is said, testified that he
was induced TO sign quantity of the
commercial paper which has since
turned up. 81, zoo. 900 of which is abso-
lutely worthless. He was induced to
put his name on the back of certain
paper by man whose name he would
not give out TO the reporters. He says,
however, it was neither StTeeter nor
Menage. When asked how many times
he had signed such paper he refused to
answer. He said. however, that it had
occurred more than once and he lad
done 1t as a favor, thinkingit was true
when he was told it made no difference
who signed the stuff.
j. E. Merritt, who was an employe OF
the company at one time, yesterday
SAID that he did not think that Menage
took much money away with him. Men
age was in Chicago, and sent for Mr..
Merritt, who was here at the time.
When the latter reached Chicago he
asked Menage what he wanted, and was
informed that he wanted him 10 GO TO
the far South with him. when do
you want to start?' asked Mr.. Mer-
ritU. AT o'clock" said Menage, with
his accustomed brevity. Mr.. Merritt
hustled around and they left at the hour
named. Mr.. Menage carried a heavy
Morrit+ Of
expected contained large amount of
money. and he was confirmed in his be-
lief by the queer actions of Menage in
hanging onto the grip. Merritt offered
at times, when they got 10 where traV-
cling was not so rosy and luxurious. and
when bronchoS were reSorted TO. TO
carry the grip, but Menage refused his
offers. Afterwards, before he left
him, it is the story, Mr.. Merritt seized
an opportunity of knowing for him.
self whit was i'll The grip. and, it is.
said. declares that it was not money
that it contained or anything OF
immediate great value. Mr.. Merritt.
therefore, concluded that the wiz
great sum of money. He says
that Menage had about $1,000 in cash
with him when they started. and he had
when he left him not over Sl,200.
Menage was in terror all of the trip,
and Imagined that every man they ran
against was an officer in disguise. 1t is
stated as the firm belief of Mir. Merritt
that Menage has not only realized no
money from the Northwestern Guar
anty concern and his transac-
tons, but that lie is an over
rated, overestimated man, and that
his transactions are to be counted for on
the ground that he was one of the great
est simpletons that ever undertook big
transactions, and that this, with the
fact that he had large amount of con-
fidence in himself, is the only way to
account for his schemes and the way
they were managed in the past few
years.
When Mr. Merritt left Menage the
latter told him that he should probably
never see him again. The last time
he saw him Menage SAID good-by to go
TO his Spanish lesson, for he had COM
menced to learn the language spoken at
the place where they were.
Nenage is now said TO be in Mexico.