The representative. [volume] (St. Paul, Minn.) 1893-1901, 1895-05-01

per, and while in each case they may
have written the same of to profit a.
loss, this has been the case with pa
and they should have been examine.
carefully by the committee, in whic
case the banks would have a etronge
credit by standing rigid examination
and we say this without any desire
cause annoyance to said banks or to Id
dictate cause for uneasiness among thei|
depositors.
Citizens Bank, Fergus Falls. $6,440
For facts on this bank see so Rev.
ports.
We have cited a few Of our object
to some of these banks, CLEANED VIII.
official position, the truth Of which
stated cannot be denied, and we cod
have enlarged thereon and included
many more, for there are very few
banks or so-called financial concerns in
Minneapolis that would dare submit to
an investigation, by or under our direc-
ton, to see whether they are solvent, and
we do not exclude the Security Bank
from this list, because we have written
its officials several letters which remain
unanswered
But you say the Security has capital
Of 81 ,O0O, 900 and surplus $500, 900 or more,
surplus is gone, and with 1t 80 per cent
more. Wine and women may have been
the cause of the deficit in the Bank Of
Minneapolis and First National, and what
assurance have we that there are not
more of the same stamp in the Securityk
when we see the name of certain co-ce4
spondents in divorce proceedings. More-
over it cannot be denied that said bank
did carry Menage and Guaranty Loan
paper (??D, while It's president was in
terested with Menage in certain of his
schemes.
We have no means of ascertaining the
amount for which each of the bonds
men named by the committee have justi-
fed, but from our knowledge of GER
tain of said boud.:n3en we could not de-
sire to accept their word for any large
sum unless collateral accompanied the
same; hence it would seem the bonds
are not $1,0OO,OOO in excess of the legal
limit, but may not be sufficient.
AS to taking of interest by state and
county officials the committee admit that
Jos. Bobletter confessed to receiving
gifts from the State Bank and American
Exchange for depositing funds in GER
tain busted banks. OF course, in view
Of the fact that these banks were insol-
vent this $4,000 couldn't have been given
| as a bribe to Bobletter to deposit state
funds with them; hence after a talk with
the committee Bobletter turned over to
| the state $4,000 as generous gift to-
ward that state which by reason Of his
eagerness to get the $4,000 originally.
may have lost over $131 900, and the
| committee feel called upon to give Bob q
dose Of whitewash to hide his coat Of tar(
The committee received affidavits from
| all banks except two, but took good care
| not to call certain witnesses who could
produce facts, since it is possible that 1t
| might have shown that certain bankers
| cannot be believed under oath; hence
| the small matter of swearing falsely in
an affidavit wouldn't cut much of a fig
| ure.
AS to certain county treasurers taking
money, the committee say they have no
| direct evidence Yet If we mistake NOT
the committee were informed where thai
evidence could be procured.
1t is possible had the committee taken
| pains to have CALLED any one at all con-
versant with financial affairs that it
| could have gotten on the track of evil
dence that would show where bribery
had been attempted to prevent disclos-
ure of certain facts connected with pub
lie matters, but not calling the witnesses
who could and would give facts, it is not
surprising that the committee. got no in
formation.
Before getting through with thi9 l.
port they do find that $11 900 is locked
up in busted banks, and that the bonds
given by these banks are practically val
uless, but the legislature is given lot
of taffy about the claims being collected
ultimately.
| AS to the motives actuating the COM
mittee in thus white washing these cuss-
es we can make no comment further than
| to say we fear the gubernatorial bee
buzzed in John l.. Gibbs bonnet, the at
torney-general bee in Douglass bonnet
| the congressional bee in Feig's bonnet
while get-there Eli Warner and lovely
| Steve Lovejoy are too closely allied to the
machine to admit their opposing OF
showing up the leaders of the immacu.
late CD Republican party to which
they think they add luster.
! JOHN II. BURKE.