Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1895-03-14
'hIls Ba,l 10 Fixed At 01 .OOO-Strong Ploa
by the Defendants Lawyer, with a bra
mntlc Climax-More Of The Testimony
Before the Legislative investigating
Committed Given Out,
Mccoy to Stand TRIAL.

III HTIu VI llOIucT ~ OtcWdFt ~ GILL
ployed by Taylor and his bondsmen. l
have here in my pocket some of Taylor's
money and l stand here ready to listen to
a proposition of compromise from the
state or to make such a proposition. Now
! arrest me for conspiracy and bind me
over"
Attorney General Crawford remarked
that on behalf OF the state he was ready to
listen to any proposition.
"Then," said l%Iorner, turning to the
justice, "arrest Mr.. Crawford for proposing
a misdemeanor, or else apply the same
rule to Mccoy and let him CO."
The court Overruled the motion to dis
miss and held Mccoy to the mex term of
the district court, fixing his bond at 81 900.
The following is some of the more i'm
portant testimony before the legislative
committee which investigated the Tay-
Dor defalCation and on which the charges
hgaillst Charles Mccoy are based. The
first witness was ex-Gov. A. G. Mellettc.
EQ1is story was as follows:
AT what time did you first learn of Mr..
Taylor's shortage?
About two months ago I met Mr.. Taylor
at Chicago and he told me he had to bor-
row or raise some money to turn over his
office and settle his accouts. He told me
he would require about $3.50. 900. Told me
where he had arranged to raise 1t and
how. He assured me he would turn 1t
Dver. that he had the money. that
peemed quite excited that he had lost so
much property and expressed no doubt
hat he would be able to turn 1t over. Said
be would stay right here If he could not
taise the money. That was about the
middle Of November. l owed Mr.. Tay-
or about $4,000. Was engaged in raising
hat money. Said he needed the money.
md I said he should have it and any other
um l could get on my property. Said
e expected to raise the money. $4,000
rom his father. $50, 900 from McChesney.
gave SIS, 900 on deposit in his bank. He
aid his father would stand by him to
very dollar he had. l think he claimed
hat he was worth 5000. and that II Nc
alked very confident. He said in no
went would he leave the state.
Did he say wherein his default existed?
n Iowa, and his cousin. NJ. X. Vinton.
had $50, 900. but that Vinton would do MOTH
ng to help him; but he. Taylor had
81 re credit. He said that the Gettys-
burg bank was the main cause of the
& trouble. That he had put $780, 900 in that
bank. That he had been advised to do so
Tor the good of the state to save banks at
IL fe time Of the bank panic. No as a de-
4%Posit. but that he had bought out the
bank.
honey into that? Yes sir. He said that
VI ter he was compelled to put in about
&0.oU on account Of trade by which he
\ p. the property at Sewsen; III; v His
Aeade was a successful one; afterwards he
seemed less Joyous. and finally said the
&Lade had fallen through; My opinion
sNN no is this NJ. K: Vinton? A cousin OF
!. Taylors and former member Of the
Paul firm of Graves & vinton. In re-
~ ~ ~ 1oeSNnl Dhf111ro
Is to leave with Taylor. Taylor said he
d not limited his condition to Phillips at
Interview with Lawyers.
Had Taylor turned securities to Nc
hesney for money to be advanced? Yes.
IA l~lateral. He claimed he was worth
200 above all liabilities. I first bor-
4 wed lO.ooo out Of Taylor's trust com.
IN my for five years. Had a chance to sell
sg 70 property. pay Taylor and get 5000
d ssh. 1t was in the contamination Of his
q )al that l had frequent conferences with
m be signed by Taylor. About h Sd I
I ared Redfield and Chicago; learned Tay-
"a was in Chicago; wired clerk Of the ho-
/: next day went to Chicago: clerk said
answer my telegram; he said Taylor
Is standing right there when he re-
lived 1t. and he said he would answer it
81 mself. Clerk said he saw him write.
vi opposed he telegraphed, and soon after
{ his hand bag, paid his bill and left.
81 hese facts were given me the evening
u eems some one called for Taylor's mail
M r a few days following that. At La.
y kyette I was led from the appearance OF
r he father OF Taylor to believe that some o
& br claimed that he had been willing TO
= nrn over everything. That he had raised
1900 to cover the shortage; Had not
eas sure it was all right. After the de-
lcation, in company with McChesney.
GcCoy and Kiser,. I had an interview
s m issn :aid ! shall shall tell YOU . everything
IL had been employed BY Taylor: That
Taylor had done everything possible to
Paise the necessary money. He said THAT
OF had in his possession. That Taylor
laid he wanted to make the state whole
had control Of Taylor's property. but rep
resented that in case the property was Sc
Cured Taylor should be released from
cf'I s,ss' 90 " that had T been n' sRhippsd e to Fay Fay.
E4slor. Tenney tried to account for 1t: Nc
81 Chesney claimed to have raised S1I.Wo TOT
Taylor. $4,000 more thar Iaylor nrst
+ kclaimed he needed.
IA Had Confidence in Taylor.
Did you know of any deposit or loss In
the Madison bank? Mr.. Taylor said he
had $1,000 there secured. Knew he also
had lost in the Diggs bank at Milbank,
Ind also in the Chemical bank in Chicago
Was the money you borrowed from Tay.
or individually? No. sir. The first SIC. O0(
was a regular loan from the trust com.
pany.
Did you understand that In turning ovea
his property to Tenney & Co., Taylo,
burned 1t over in trust? We questioned
Tim, but he gave the statements in curt
language and carried the idea that It wal
3 trust for the purpose Of settlement.
i DO you know what bondsmen were in.
oinled Of Taylor's shortage prior to MS
Y paving? l did not know of anybody know
hg anything about 1t except myself and
dcChesney. How long did you know 1t
before? About two months.
Y Was any knowledge Of this given to
= tate officers or Of any attempt made by
londsmen to secure Taylor's property!
No.
Why did you not notify the executive
I the state? Becaus Taylor expressed
confidence In raising the money and l be-
ieved just as much as ! could that he
would do II.
When did you learn that he had left the
eountry? When / met his father at LA.
Fayette on the 7th.
Testimony of Mr.. InmAn.
! did not sec the letter represented tc
have been rscsjved BY Trsaaurar 2llmaZa