The Saint Paul globe., 1898-10-17

while Menage robbed the toiling oper a
tives of the New England factory
towns whose savings were deposited in
local banks, which loaned their money
anty Loan company and lost millions
through misplaced confidence in the in
tegrity of its managers. $50
There is abundant proof that Will
liam II. Eustis was "a legal director
CT the bankrupt corporation. and it is
vain for the Times to deny the fact.
We have before us volume 61 of the
Minnesota Reports, from May to July.
1895, and turning TO page 376 thereof
we find an action brought Gn appeal
frcm the district court OF Hennepin
county to the supreme court Of Mime
sofa by the National Bank of New
Haven against the Northwestern Guar
aEty Loan company, William II. Stree
ter, c. H Petit, Loren Fletcher, w.
d. Washburn, Thomas Lowry, George
\. Pillsbury, Charles Robinson, WILL
LIAM H. EUSTIS, Louis F. Menage,
S. H Harper, w. G. Crocker and Frank
J. Percival. These were the defendants,
all prominent citizens, and 10! William
II. Eustis is among them. We print
his name in large capitals to enable the
Times editor to read it without the
aid of Spectacles.
I'VE read further in the report that
certain defendants Gin the actiOm de-
INJURED to the complaint, and from an
order of the district court, Russell and
JamisOn, j. j., sustaining the demur-
rers, the plaintiff in each action appeal
ed Then follows the significant word
Reversed indicating the decision Of
the supreme court on the action Of the
two Republican judges of the lower
court one of whom is now officiating
as chairman of the Republican county
committee in the interest OF Mr.. Eustls.
ION page 3S3 Judge Canty reviews the
case and refers to the complaint as al
leging that each and all of the defend
ants. except the company, are, and Tor
more than three years before 1T made
said assignment, were stockholders and
members of the board of directors Of
said company and had full notice and
knowledge of the manner in which the
business of the company was being
carried on; that the company was in
solvent during all of that time, and
the directors knew. or by the exercise
of reasonable care should have known
it, and that during all of that time
they held the company out to the
world as a solvent institution, and in
duced plaintiff and others to deal with
it as such. The report adds that the
complaint is proliX and states much
matter which is mere evidence, and 1t
is not necessary to state more OF It's
allegations, except IHdl II Cldi5 5eS al
of said wrongful acts and all OF the
fraud practiced on plaintiff to have
been due to the negligence and unfaith-
fulness Of the defendant directors
The Irish Standard gives this infor-
nation for the benefit of all concern
ed without making any comments. The
record speaks for itself. The Times
may accuse us of slandering a good
and great man, but there is nothing
reprehensible in publishing facts. If
our contemporary can show that Mr..
Eustis ever set up the plea in court
that he was not a stockholder or legal
director of the Guaranty Loan COM
pany, but merely attended the meet
ings in 'good-natured compliance with
the requests of prominent business men
who were his personal friends, let it
show it or cease defending him from
the charge of being implicated in the
notorious swindle."