The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1898-10-15
THE GIGANTIC MENACE swlNDLE.

Was William II. Eustis, corporation
candidate for governor of Minnesota.
ever connected in any official capacity
with the gigantic swindle known as the
Guaranty Loan company. at the head of
which was Louis F. Menage, who fled
from this cityain the dead of night and
has been q. fuxitive from justice in for
eign landsasdh12ng the past five years
The tolloWthgaanswer is given by the
managers Of tt4 reform campaign in this
state: William Henry Eustis was not
only connecteG with that company, but
was, for the Whple term of it's large oper-
atoms, an active working director of the
company. w. Al. Eustis has not denied
over his own signature that he was a
| Guaranty Loan company director during
the period Of its steals, and he dares
not so deny It,"
The Minneapolis Times. soi-disant
Independent paper, which pretends to be
| Indifferent as to whether Eustis or Lind
is elected, both of them being honor
able men" in it's opinion, brings the
| Albert Lea Standard to task for asking
| why the Times and Journal overlook the
intimate connection of Eustis with the
infamous Guaranty Loan concern. The
Times declares that the Standard has evil
| IDENTIFY made no effort to ascertain the
facts in the matter and then says:
Mr. Eustis never held Il dollar of Guar
anty Loan stock: he was never Il legal d.
rector. He served for while upon The Gi-
rectory at the request of a number of prom
inent citizens, but always under protest,
and repeatedly requested the withdrawal of
his name from any connection with it-not
because he doubted the entire solvency of
the concern. because no one did that-but
because he did not believe that he had the
legal right to serve in the capacity of III
rector. Hc never made IL penny out Of his
connection with the company and his con-
temporary connection with it was simoly
in good natured compliance with the re-
quests of prominent business men who were
his personal friends and holders of Guar
anty Loan stock.
The Irish Standard has no desire to
accuse any Republican candidate unjust
ly of any high crime or misdemeanor,
and before expressing any opinion on the
swindling operations of the nefarious
financial syndicate of which the criminal
Menage was the head and front. we
considered it necessary to ascertain the
facts, as the Times suggested, and find
out whether w. H. Eustis was "a legal
director or not. If he was not, no
blame would attach to him for obliging
"a number of prominent citizens"-di-
his attendance at meeting to inquire
Into the status of the concern and inves-
tigate the charges against Louis f.
Menage If he was there as "a legal
director" why not admit it openly and
above board? Now. was he "a legal di-
rector or not? That is the question.
If he was, he has good reasons to con-
ceal it from the public. for it is nothing
to his credit to have been associated in
any way with one of the biggest swindles
of the country--a far bigger swindle
than that engineered by Hooley in Lon
don, for theEngfish rascal euchered the
toiling operatives of the New England
factory towns whose savings were de-
posted in local banks, which loaned
their moneyfht aohigh rate Of interest to
the Guaranty loan company and lost
millions t0ughnmisplaced confidence in
the integrity Of dts managers.
There is abundant proof that William
II. Eustis was - legal director" of the
bankrupt corporation, and it is vain for
the Times to deny the fact. We have
/ before us Vol. Gil of the Minnesota re-
| ports from May to July. 1885, and turn
ing to page 376 thereof we find an action
brought on appeal from the district court
of Hennepin county to the supreme
court of Minnesota by the National Bank
| of New Haven against the Northwestern
! Guaranty Loan company, William H.
Streeter, C. H. Petit Loren Fletcher.
! w. D. Washburu. Thomas Lowry.
George A. Pillsbury. Charles Robinson,
| WILLIAM H. EUSTIS, Louis +. Menage,
S. H. Harper, w. e. Croker and Frank
j. Percival. These were the defendants.
| all. prominent citizens" and 10! William
H. Eust:s Is among them. We print
| his name in large capitals to enable the