The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-10-20
has had a lifelong fight with Jerse!
IuOSouitOeS
Eusfls and the Guaranty.

The Minneapolis Journal Of last even
ing, evidently impressed by the rec
ord of William Henry Eustis in con.
nection with the Guaranty Loan as.
ISOLATION. of Minneapolis, as printed IN
The G l o b yesterday morning, comes
forward with pallid cheeks, resem-
bling those Of a boy who has ventured
upon his first smoking experience, and
makes confession on behalf of the can
didate for governor, that he was slight
ly mixed up in the affair, but he did
not know what it all meant until it
was all over.
And, speaking Of first smokes, a ge-
NAL Quaker once noticed a lad in
whom he was interested struttinG
along the road In the direction OF a
burning lime kiln, In the dusk of the
evening, with a cigar in his mouth.
Coming upon him suddenly. he said:
What is this, cigar that thee haa
in thy mouth?" Yes" the boy answer
ed, but-but 1t amt lighted" mo" re-
piled the Quaker, but judging from
the direction thee was going l am
afraid it soon would have BEEN"
William Henry doubtless enjoyed the
sweet satisfaction of association with
the gentlemen composing the directory
of the Guaranty Loan, even though his
name was unaccOmpanied by any share
in the stock of the company. Possibly
it was a dry smoke" but one ac>
companied with the delights of antic
ipation, rather than the joys Of actual
participation in results. He was mov'
ing in the right direction. but the plug
had not yet been fired.
The Journal, in commenting on The
Globes expose of Mr.. Eustis' con-
nection with the Guaranty Loan, says:
The C o b e calls attention to the fact that
he did not resign. 1t is true that he did not.
but he asked again that his name be dropped
from the list of directors. and he was PROM
ised that it would be done at the next meet
ing. It would certainly have been better for
MIR. Eustis if he had rendered his resignation.
Certainly it would! That was the
business way to do. 1t is absurd to
suppose that any man with firmness
and dignity of character should have
allowed himself to be elected against
his will to so important an office as
that of director of the Guaranty Loan
association Feb. A. 1888, reelected
May T. 1888; May 20, 1889; May g. 1890;
1893, and not find some means during
all these five years of escaping from
the meshes of the web into which he
had been thus SO innOcently drawn
The Journal adds: From 1891 to 1898
Mr.. Eustis never entered the Office Of
the company in the capacity of director
and supposed that his request to be
released of any responsibility of that
character had been complied with"
And yet, from Jan. l, 1888, to May q,
1898, the date of the collapse of the
Guaranty Loan association, Mr.. Eus-
tbs was not only mayor of the city of
Minneapolis, but also director, inspec-
tor and loan examiner of the company
mentioned!
The Guaranty Loan association, in
those active days of Menage, was a
conspicuous institution associated with
the magniffcently bounding progress
siveness of Minneapolis. Menage him.
self became almost an object Of idol
airy. A good many large men-finan-
cially speaking seemed quite willing
to sit at his august feet. Mr.. Eustis
was one of these. The record shows
it! He lived and moved in and en-
JOyeu tneeA atmosphere which encOm-
passed the adventurer. 1t is puerile
on the part Of his advocates to make
denial. The facts and circumstances
afford direct contradiction to their
weak attempts in that direction. AS
a director, an inspector and a loan ex-
aminer Of the Guaranty company, Mr..
Eustis was responsible proportionately
for all Of the loss and misery that re-
suited from the collapse of that insti-
tuition. And this fact cannot be evad-
ed by any specious attempts to prove
to the contrary Every such effort
must only tend to lower the public es-
teen of Mr.. Eustis' common sense and
capacity for good judgment or must
react upon him in the way Of ref1ec-
ton upon his honor and good name.