New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1898-06-29
!. ONE Tissue.
Bank Examiner Kenyon Does not Like the
~'E Platform Plank, Calling Attention to
His Neglect of Duty -:

The Democratic platform is already
making itself felt. 1t hurts in certain
quarters and just where 1t was intended
that it should. Read the following from
the Globe: "-"~5 Ms - r
"They're hunting a grievance" So
commentedBank Examiner Kenyon upon
the plank in the platform which sets up
his Encouragement of his Office as one
specif cation to the general charge Of
Republican maladministration of the af-
fairs of the state.
Mr.. Kenyon IS in error. They were
not "hunting'' grievance. They did
not have to. Mr.. Kenyon furnished it
in plenitude. They did not even have
to find it. It hit them and hit hard. And
Its hitting was not confined to Demo-
Gratis. It hits Democrats, Republicans,
Populists and Silver Republicans alike.
People do not have to ,shunt'' a griev-
aace that hunts them and finds them.
Mr.. Kenyon il altogether too complac-
ent.
Mr.. Kenyon is bank examiner for the
state and for those who put their money
in banks and their faith in him. This
is is not private Office, like that of a
private detective agency, in which the
manager is rule of conduct unto him.
self. It is public office, and the law
took care to lay down rules prescribing
what the incumbent should do. 1t left
nothing to his discretion. Unfortunate
ly for thousands of trustful depositors,
it did leave some things to the discre:
ton of the governor, to whom the bank
examiner reports the2results of his exam
nations. The governor used his discre-
ton and kept in pigeon holes the fact
that, published, would have saved
thousands and thousands of dollars to
those who needed them badly.
Mr.. Kenyon's duty was to examine the
condition of the banks that went down
in crash that involved thousands. 1t
was his duty to ascertain if, for instance,
directors and bank officers or their wives
were borrowers; what kind of securities
We're taken for loans. If he found capt.
tai impaired or money misappropriated or
officials borrowers in excess of their
rights, it was his duty to demand i'm
mediate REPAYMENT under penalty of
suspension. He could have receivers
appointed where solvency could not be
restored. This was his duty. If he had
served the public that pays him a gen.
erous salary, that is what. he would have
done. He would not have left the mat
ter with the governor, for he knew that
parsonage, as an individual, was also IN
volved as borrower of deposits and
otherwise. %s# -. -
He did not do this. He used his dis
cretion, his individual discretion, for he
has no official discretion. He permitted
insolvent banks to continue business,
taking in the money of confiding depo-
sitors who trusted in the guardianship of
the state through its bank examiner.
They accepted, as they had right to do,
the continuance of the banks as an as
surance from the bank examiner that de-
posts made IN them were secure. They
went on dropping their earnings and
savings daily into the maws Of rotten
banks, rotten to the knowledge of the
bank examiner, until the dry rot ate
away the last support, and thousands Of
men and women woke up to find that
their little hoards had been swept away.
This is the ssgrievance' which this self
satisfied official says the people were
.hunting.''
SD. ~ ACus q NSACuAy 0SO3 GACASAA 0SesSosAeS
~, with hunger gnawing at their vitals,
demanded bread, De la Tour de Pin, gov
ernor Of Burgundy, made answer: .'You
want something to ea,2 Go and Craze;
the grass is just coming up. he also
thought that those importunate folk
we're merel yahunting q grievance.
Patrons of the stuebe butchershop are
hereby informed that the meat market
will be in the new Stuebe building by
the let of July.
Constipation neglected q badly treat
ed, leads to total disability or death.
Rocky Mountain Tea absolutely cures
constipation il al its forms. At Eek
STEMS.