The Irish standard., 1897-10-02

have done? 1t is rich enough to pay
Its own expenses In a lawsuit, and tho
fact that it does not do so, but wants
the public to stand the costs, does not
rebound much to its credit. The gen.
tlemen who appeared as witnesses be-
fore the grand jury, and who are finan-
cially interested in the trust company,
several Of them being officials, are the
following: Samuel Hill, William II.
Dunwoody, Daniel Bassett, Charles H.
Wood, Charles A. Pillsbury, Clarkson
Lindley, Henry +. Brown, Alonzo H.
Linton. William G. Northrup Robert
D. Russell, Eldridge c. Cook, Anthony
Kelly. Philip B. Winston. They are GER
tainly among the wealthiest men in the
city and are amply able to prosecute
the Times without calling upon the
state of Minnesota to do it for them.
The Irish Standard, as a newspaper,
deems 1t its duty to present the facts
in this case to its readers. The false
and scandalous libel" with which the
issue Of the first of last August. On
the sworn statement of F.. B. Hart, at
torney for the Guaranty Loan creditors,
whom Louis +. Menage victimized, the
Times alleged i'll substance that the
Minneapolis Trust company, as assignee
CT the Guaranty Loan company, bought,
for the benefit Of it own officials, bonds
of the West Pullman at 10 cents for
which it had been offered 60 cents, maxi
ing over 100000 by the operation. The
Times declares that it can produce suf-
ficient evidence to substantiate it's allie
cation. 1t has entered plea of not
guilty and Oct. Is is set as the date fol
the hearing Of the case in court. 1t
says that it has every justification for
its exposure Of the trust company, and
that it's sole motive has been to serve
the public interests.
If the Times can prove that the CT
ficials Of the Minneapolis Trust company
dcfrauded the creditors of the Guaranty
Loan and turned the assets into their
own Golfers it will deal death blow
to that institution. If it is certain of
the truth Of the charge made, 1t was
within its province as journal, and
was in duty bound, to expose the trans
action for the safety and protection of a
confiding public which has been out.
rageously swindled by financial sharks
during the past few years. 1t Is to be
regretted that the public press of this
city did not expose the methods EN-
ployed In amateur banking officials
who brought ruin upon many of our
citizens, instead of relying upon reports
Of bank examiner which were pigeon
holed in the governors office.
The Irish Standard expresses it's ad
attitude displayed by the Times in its
dealing with corporations. 1t is the
only paper in the Twin Cities that
dared to attack a corporation which is
under the auspices OF a lot OF million
aires
If it proves it's charges, as it says it
Will, the community at large will COM
mend it's course and give it hearty
endorsement. If it fails to convince an
impartial jury of the truth Of its allega-
ton against this company, then let it
pay the penalty for it's unjustlfiable
structures. But in any event let the
freedom of the press be jealously guard
ed in this land of avaricious corpora
tions. 1t is the palladium of cur liber-
ties and should not be abridged or Ne
stricted Any individual or corporation
questionable transactions should seek
redress in the ordinary legal way and
not ask the over-taxed people to pay
the costs of the litigation.