St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-06-07
DIRECTORS TO TESTIFY.
FLETCHER AND R3sWs0y 0Y THE
STAND YESTERDAY.
A VERY vIGoMors DEFENSE.
The Attorneys for Mr.. streeter
Keep tho Court Busy In Ruling
on Objections and Points al
Law-Witnesscs Tell of Mr.
Strceter's Connection W it'll the
Guaranty Loan COmnanY.

the defense submitting him 10 rigid
crOss-examinatiUn. lie detailed his
connection with the company, and how
as a clerk he had examined the appiicl-
tions aud loans in Dakota and Montana.
He examined the abstracts. looked after
the taxes, and later was appointedaS
superintendent of loans. In lS30she
was appointed assistant secretary. He
attested the guaranty of the company.
also the checks and drafts, but not 20
often. Mr.. Peterson objected to this line
of cross-examination, claiming that the
defense had no right to question the
witness on matters that were not
brought out in direct testimony. The
court ruled in favor of this and other
objections, and Mr.. Shaw took eXcep7
tons to the rulings, questioning their
propriety. Then followed series of
questions regarding the notes issued by
the company, and the manner of the
entering of them on the books. The
witness was also asked concerning the
number of meetings he attended: but
the state objected to the question, and
the court sustained it.
Henry E. Fletcher, formerly d.
rector Of the company, was next called
to the witness chair. and he rccOunted
his conversation with Mr.. Streetef re-
garding his employment by the COM
pany. The defense entered vigorous
objection to the conversation being al
lowed in evidence, but Judge Russell
allowed it, just the same. Mr.. Fletcher
said:
when saw Mr. Streeter l told him
that wanted him to bear in mind that,
although my name appeared as direc-
tor, was not familiar with the bush
ness, and l wanted him to make any
investigations for himself and not be
cause l appeared as a director. l re-
member Two later conversations. one Of
which was in st. Johnsbury, VT. In
that conversation told Mir. Streeter
that Mr.. Menage wanted man tnat l
could recommend, to work along
with his brother. Henry Menage.
in the Office and have general
oversight of affairs. Later MIR. Slreeter
told me that Mir. Menage had made him
an offer. He wanted man who could
make business trips to see corresponds
ents IN the East. think Mr.. Manages
offer was $4,000 year. He told lie he
""S s1S"'iy pi0"oeu "itA ahO ouoihOoos
ana tn"ught II was much more lmpor-
tant than he had been led to believe.
lie told me that he could not accept
Mr.. Manages offer until he had seen
different parties III Kansas City and
Denver. He promised not 10 tie him
ser up, however, until he saw ME-.
Menage again. IL.
II had several conversations with
him after his employment regarding the
business. we TAXED frequently at my
house and at the office. L don't recall
the dates. L insisted most upon the
TACT that directors meetings must be
held regularly and the directors notified,
MUSHROOM what was going on Ill the
compahv's ofhce II my name remained
as director" !
ID" you KNOW how Mr.. Streeter came
10 accept position with the company?
~ think he did not accept the first
oHer. out that he did accept the offer at
an advance or Sl,000, thlnk."
Were you present at the meeting
when the Burke circular was being DIS
cusSed?" ~
es, sir. 1 was there, as was Mr.
Streeter."
wrangle ensued over the allowing
OF aaestlons regarding the holding and
calling OF meetings. the court ruling for
the state. MIR. Fletcher told how he
had repeatedly asked Mr.. Streeter to
call meeting of the board OF directors
ana present 10 1t statements Of the bust
ness. Mr.. Streeter had put the matter
OIL from time to time, but had finally
called meeting, at which he was pres
ent, and presented the loans.
During the afternoon session Mr..
Fletcher was cross-examined. and said
That lie naQ Known MT. Stroeter since
: chlldhOOu, both having lived i'll Johns
bury. W.. where Mr.. Streeter was
cashier OF the Merchants bank. He
was partially instrumental in bringing
MI. otreeter 10 Minneapolis, aud re-
gardlng his position with the Guaranty
Loan company he had done all lie could
and would do for friend.
The defense asked many questions
to prove that Mr.. Streeter was out of
the city large part OF the time during
year or SO after he became connected
with the Guaranty Loan company, but
witness was OF the opinion that Streeter
mad Deen In the company's offices the
most OF the time. he also states that
Streeter had loaned in the East some
s25o,0o0 OF stock the first winter of his
services. witness only attended two or
three meetings up TO 1891. MIR. Fletcher
owned but ten shares of stock,
WhIch ne bought when he was
elected as director. MIR. Fletcher ad-'
he gave them to Sireeter far tie mr.
pose of making loan. When asked if
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