The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-12-16
W. D.KEHYon'S NOTE
= -t-HtC siJs ,l.I.. -y.-Esti -iEs-1so-a
THE BANK EXAMINER TELLS WHY
HE BORROWED THE
MONEY,
AND ALSO WHEN HE PAID 1T.
NESOTA SAVINGS BANK TOOK
so LONG
TO REACH THE GOVERNORS HANDS
Is No Clearer Than His Hasty Refer
ence Before the Investigating
Committee.

Few sensations have been sprung in
the local banking world such as the
revelation made by the G o b e yes
terday morning as to Bank Examiner
Kenyon's suppression of a report dam
aging to the Minnesota Savings bank
for over a year. While it has been gen.
orally understood that the theory of the
bank examiner was to extend to en-
barrassed banking concerns all the len
iency that could possibly be exercised
without harm to depositors and other
creditors some. comment was heard as
to the extension of this mercy through
a period so long that, to many minds
at least 1t seemed, it must have given
full opportunity to discover the condi-
ton of the bank which the courts have
considered insolvent. The explanation
given by Mr.. Kenyon herewith, and
which was given In the evening papers,
explained the eXigencies which brought
about the drawing of the note, but did
not remove any Of the elements of sin
gularity from the coincidence that this
note should be found ultimately as the
claimed collateral of the identical bank
which the examiner had peen protect
ing by such liberal time allowances. Mr..
Kenyon's statement, given to the press
yesterday, Is as follows:
In regard to the article in the G o b g
rejecting upon me in connection with the
Minnesota Savings bank the facts are these:
Some years ago 1 became somewhat indebt-
! ed on account Of fixing UP my house on
Laurel avenue. My indebtedness was then
with the Second National bank. l paid the
| I1rn1 and hnnnT Undo or
| for the same matters and some others to
the Germania bank. Soon after Mr.. Bickel
went out of the Germania bank he told me
that he had taken my note up with some
money belonging to his brothers wife. did
not ask him why the Germania bank de-
sired to get Grid OF my note, but renewed
| it once or twice with Mr.. William Bickel Sr.
I had had some money belonging to Mrs.
Catherine Lesh,y Of $50 Harrison avenue, this
| city and had been placing that money on
farm loans throughout the state. There was
some difficulty in securing these loans, and
there was $3.50 left in my hands in 1885,
had procuredJa small amount Of money and
I borrowed the $3.50 from Mrs. Lesh and paid
my note to william Bickel at the Allemannia
bank Until the day of payment was not
aware that 1t was sout as collateral at any
place. and when paid 1t he had TO seno
out and get it, and thus became aware that
it was out of his possession. Mr.. Dewitt, the
| paying teller in the Allemannia bank, Will
| no doubt remember counting the money paid
| Mr.. Bickel, as there was a small discrepancy
| between my count and Mr.. Bickefs, and Mr..
Dewitt counted the money. was not in any
sense a debtor to the Minnesota Savings
| bank nor have l ever asked any accomIno-
dation of any kind Of that bank or Of Will
| liam F. BiclSel.
AS to the statement that the receivers had
nv note and were surprised to find that
had paid 1t, Is entirely a misstatement- Mr.
Sheehan wrote me that he found among the
! assets of the bank note Of William Biekel,
| s., 25O, on which there was unpaid $3.50, and
that it appeared that my note had been placed
! as collateral to this note and requested me
to return my note, claiming that 1t was col
lateral for $3.50 remaining unpaid. Having
paid my note. of course, declined to con-
! slider Mr. Shetnan's proposal.
AS to the report on the Minnesota Savings
bank at the time of the examination the
notes of Mr.. Burkhard and H. M: Bickel
were objected 10. ard it was stated that they