The herald-advance. (Milbank, S.D.) 1890-1922, 1894-02-16


the reform school at Plankinton, while
two others took horses and left the city
with the vowed purpose ot bringing
back their companion. This discloses Il
condition of things that IS most serious,
and we trust the sentiment Of the COM
munity will be so stirred us to compel
the adoption of remedial measures.
-.--.------..-,.-s. -------~---~-~--
That last and not least of the swindles
which the Alliance leaders worked up
on the farmers Of the state under the
name OF the Alliance Purchasing Com
pany is TO be AIRED in the courts by the
suing OF the farmers who gave their
notes to the concern. The only explana-
ton Loucks makes of the shady transac-
tions OF the company in this matter is
thar he doesn't know how Lu,hy 4 Co.,
the holders Of The notes, got possession
Of them The whole business has a
pretty dark look, and the only thing
certain about it is that the victims of
these wiley schemers are paying dear for
the confidence they reposed in their pre-
tended friends, who We're gong to free
them from their bondage to the plu-
tocra,s vino sold them merchandise, coal.
lumber, twine and machinery. Luthy,
who is now in possession Of the pctes, IN
a recen, interview SAYS:
Mr.
and demanded to know how we came in
to possession OF these notes. he wanted
the Information tor the "henett of inno-
cent victims. Loucks is visionary
man There are no innocent victims
We wrote Loucks that we received The
notes IN the usual business way. How
did they come?-we got them by express
Where from They came to us last fall
from the Dakota Farmers Alliance. We
have OF course full record of the Whole
transaction IN our Office, everything is
in black and white. Come to our office
in Peoria ana will show you all. l am
away from the books and correspondent
ce and do not wish to make statement
Ii Loncks is anxious to know the whole
matter let him examine the books of the
concern. That's the first place he ough,
to look. He knows something about
concerns like this one.
We hold these notes as collateral.
Our business with the Dakota Farmers
Alliance began some tive years ago.
They became indebted to us, and we ex-
tended their credit. When the directors
sold QUITO the National Union sum OF
money was due US Last year they sen,
US these notes. We hold them AS collat-
eral they are our security. Onrcorres
pondence will no doubt tell who sent
them. Probably the officials OF the
alliance know all about it. None viii
dispute that we carried the concern on
our books, aud We ought 10 have our
money We do large business and have
never dealt harshly with anyone who is
tair
The talk about the number and amount
OF the notes is somewhat wild | ques-
tion whether $4,000 in stock in the con-
c-rn was subscribed, nor do | know if
We have all the notes that were given.
question whether We have more than
$4,000 worth Of this paper--at any rate
not 10 exceed $4,000. We expectlthese
notes to be paid; We seek no trouble
These notes We're given for stock; under
your laws they must be paid if there are
any creditors Of the concern Such pa
per never outlaws So be says that the
notes are not indorsed over to US.
want to tell you that we have two rene
dies. We can sue in the name of the
Dakota Farmers Alliance for the use
and benefit of T.uthy q Co, or We can
go into the United States court and ask
for the appoint tment Of receiver Of
course that would mean that each signer
OF note who refuses to pay will be serv-
ed with summons and can attend tho
United States court and be at that addi
III nal expense The receiver would
apply what he realized to the liquidation
Of the Indebtedness We don't want 10
make any one any unnecessary expense.