The Kimball graphic. (Kimball, Brule County, Dakota [S.D.]) 1883-1905, 1895-06-22

to men in office or not, We're made upon
strictly business principles or for
friendships sake. In every cast I
required what ] considered good Sc
ctirity. AS a matter of fact l did make
a numbe of these loans, about as they
have already been fully described, and
when l tried to collect them found that
the borrowers were unable to pay. This
probably cost me $50 DOC.
Then | loaned $50, 600 to q reIative of
mine to invest in mining property and
lie lost it. l was in no way concerned
in he enterprise, though l thought it
sound n safe. but | took full security
and this security will amply protect the
loan. | was also drawn into the North
west hotel scheme during the worlds
fair. | did not want to go into it, but
was compelled TO do so to protect my
friends who We're caught and also my
word, which had been given to some of
them. There ! lost 1900. Then came
the failure of Diggs' bank and l lost
$4,000 there.
what Broke Ills Back.
"8u the affair which broke my back
was the Gettysburg bank, During the
panic Leppclman came to me and de-
mandeG assistance. l had only 81, 900
in his bank. and could have lost that
without Inconvenience, but | considered
that if that bank should go there would
likely be a run on my bank at Redfield,
which was knoMn to be in some rela-
tons with the other and that If one
prominent institution shout go down
the others would fall ike a row of
bricks. | therefore took the bank off
I.eppelman's hands through the mort
gage company. But / had been deceived
about its condition. 1t was in n far
worse plight than | had been led to be-
lieve. / was compelled To put in $4,000
almost at once and later this
to SIS. 900. ! traded n share of the assets
for some property in Newton. ILL.,, a
very good bargain and Ii which would
have made me a good thing. l had just
abou completed Il trade of this on most
attractive terms when an accident pre-
vented its contamination late last fall.
Had this been completed l SHOULD have
been able to turn over the funds to the
state.
LAS a matter of fact. / had in property
on the first of January enough to make,
in connection with the money of the
state on hand, in good value fully $780,
600. But it was Impossible in the tight
condition of the money market to realize
on any of my assets. The first suspi-
cion which came to me hat | could not
make the turn was last August, but
later | felt easier. i felt perfectly safe.
felt that l could certainly dispose Of
enough property, oil at least borrow
enough to settle until early in Decem-
Der. | had Il number of friends. and
they promised to raise certain sums. /
had the notes from prominent men
which AVE been mentioned, Treasurer
Phillips came to me voluntarily and
offered to treat the Redfield bank lib
orally He did not mention any sum,
but ] understood that ! could have the
use of 100000 or $50 900 for a few months,
until j could make the turn.
Il had invested 81, 800 in Cripple Creek
and that proved a loss. | had lost about
10000 in farming during the two years.
Then my efforts to collect in the loans
j had made to certain parties proved
Ahortive. My friends We're unable tt
raise the money they had promised. I
could not get the loan | had expected.
Every string vas pulled. Then the day
before Christmas l found that do the
best ] would would be $3.50, 900 short in
cash. My first impulse was to go to
Pierre and turn over what l had, but
when / called a council of my friends 1t
was pointed out that this would certain
ly send me to the penitentiary and
| would impose a heavy loss on my bonds
men. l therefore concluded on nv
friends advice to put all my property
and money in trust to protect my bonds
men and to conceal myself. The rest
you know.
Grateful to Friends.
~ want to say that my heartfelt thanks
are due to G. T. Mccoy. my attorney, who
was fully authorized to go to Pierre and
present my case TO the authorities. He has
acted with great courage, skill and fidel-
ity, and has lone 1t all for friendship. Very
few attorneys would have done 80 much.
| want to say also that every dollar placed
in trust and every foot of property has
been turned over. Not a dollar has gone
to Mccoy, S1cChcsney or any other 81 nv
friends for their work. l want also to eX.-
press my thanks to j. r. McChesney. one
of my bondsmen. whose name has so fire.
queitly been connected with my case. His
strong friendship and perfect honor will
friend:.. ] will say further that the bonds
of Sphinx 1ountr which ! have been NJ, ii;
to have iraudulently negotiated j never
heard Of
The details of the compromise undor
which Taylor surrendered are fully known
having been reduced to writing and signed
blythe authorities. Taylor is to give himself
up and be sentenced to two years In the
don him before the expiration of the gov
errors term. Taylor will turn over s70 ono
in cash and his bondsr,en $50. 900 and in adj
dition he will convey u large amount OF
to accept in full for the deficit. Ali Grim
inal and civil prosecutions will be drowned