St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-06-27
HE FELT A. WEAKNESS.
DEFENDANT STREETER OVERCOME
WHILE ON THE STAND.
BEGINNING OF THE END.


of His Connection With the
Guaranty Loan-Why the Com
pany Engaged Him aud tbs
Amount OF Business He Did
The Value of Property.
From the way the defense has begun
the Streeter trial Is likely to be finished
in week. Yesterday morning WASH
inxton Gray was placed on the stand
aud continued in the line he testified
under yesterday. He was called upon
toidentify the writing of the body Of q
number of notes, the majority of which
he said II. K. Cole wrote. II. b. Beard
was the next witness. He stated that
he had been interested IN the haudling
of the property of the Northwestern
Trust company during the years OF 1892
and 1893. Menage held some Of the
bonds Of the corporation. and the pos
sessions of the company consisted Of
property In Great Falls and Missoula.
Mont, and in the state of Washington.
He testified as to the value OF the prop.
erty, and endeavored to show that the
800 acres of land owned by the company
was of good value, part OF 1t being col.
lateral put in by Menage. County At
storney Peterson objected to the testi-
mony. but he was overruled. In the
cruss-examination he asked the witness
if it was not true that they We're BOOM
ing Great Falls at the time he was
there.
Mr.. Beard beat about the bush little
in answering, put when pinned down
to the question, he said he would not
swear they were not booming the town
referred to. He said great portion OF
the property lay four miles outside or
Great Falls. and could only be used Tor
farming purposes. MIR. Peterson asked
shin il 1t were not fact that the prop
erty had no value now. ana he said that
he did not believe 1t could be sold,
though he was sure 1t had intrinsic
value.
j. NJ. Norris took the stand and stated
that he had made out the inventories OF
Manages assets and Liabilities. These
were admitted in evidence.
W. S. Streeter was finally placed on
the stand at o'clock. He occupied
some time in relating how. at h. E.
Fletcher's and Menage's earnest solicit
tations, he was induced to join the
Guaranty Loan company at salary OF
s4.5O0 a year. How he began to sell
tEnaranty Loan stock while yet in the
East, anu had disposed Of a great deal
OF it in q short time.
"How much did you dispose of the
first year?" asked Mr.. Lancaster.
"My sales of Guaranty Loan stock for
the year was $625, OOO," was the reply.
Menage had t6lu him that he would
be needed to take charge OF the deben-
tufe bonds, aud he (witness) had secured
the services of the Providence Trust
company to act as trustee OF the deben-
ture bonds.
..Now, tell US the cost of eGuaranty
Loan building" said MIR. Lancaster.
Mr.. S.reeter replied that the building
with its safety deposit vaults and other
equipments cost $l.S40, GOO.
Continuing with his story Mr.. Streeter
stated that at the expiration of his year
Menage had asked him to remain for
three years longer at 50. 600 year. Mr..
Menage was especially pleased with the
sales Of stock he (Streeter) had made
during the first year. and stated that II
he had hired agents to have sold the
same amount it would have cost the
company $4,000 or over. After the
death of MIR. Manages brother. witness
had been placed III charge Of the build
ing department, aud had attended to
the renting OF the building after its
completion. Affairs began to grow in
teresting when ar. Lancaster asked:
= ibid you ever know John d. Burke?''
Il did not know him until you pointed
him out at the court house," was the re-
ply.
not have anything to do with the inves-
tigation. as ne was not member OF the
examining committee. The 1000
worth of 500 bonds ii. E. Fletcher
had given to witness to be used as col
ateral OH a loan desired. This was in
June, 1890. and three months later wit
ness turned the bonds over to George
q. j. Fletcher.
ssWere you present at the meeting
when Mr.. Menage handed in his resig-
nation?"
"Yes, SIR"
: NJ. Lancaster asked the witness what
was done at that meeting. but MIR. Pc
terson objected on the ground that his
witnesses had been denied the same
privilege of answering the same state
ment. The court sustained the objec-
ton.
At this point Mr.. Streeter turned
7wearily to tue judge, and III low voice
said:
Your honor. would ask that court
be adjourned. as an. too weak to pro-
coed further on the stand. have been
very illof late"
AS the defense had no more witnesses
present, Judge Russell adjourned the
court until 10 a. m. today.