The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-03-25


Among the members Of this Southall
syndicate are Frank A. BedelI. Of Ed
wards & Bedell. in the Germania Life
building; f.. ]. Whittlesey In the New
York Life building, and Edward H.
Cutler. Mr.. Cutler was induced by his
son William to invest In the paper.
Mr.. Whittlesey, 1t IS said. began in
VeSting in the time checks number
Of years ago when they were genuine.
He was in the habit of going down the
Mississippi river and buying up the
paper from the Workmen who held it.
The checks were always promptly paid
ard he became very fond OF them.
Southall learned that he vas inter
ested in the chackS and offered to let
him have them without going TO the
trouble of travelling, and he received
supplies of them from Southall. The
government discontinued the Use CT the
checks, but Soutnall did not let him
know that, and continued to keep him
in the paper. In that way Mr.. Whit
tlesey, it Is said. invested a large
amount of money. and he is said to be
one Of the heaviest losers.
Took SouthaIps Word.
Mr.. Bedell became interested in the
bogus paper through Southall, who
told him it was the best security In
the world. He assured Mr.. Bedell that
he would let him have the exclusive
dealings In the time checks, and the
scheme looked so good and promising
that Mr.. Bedell took a large block oe
the checks. He still has q bunch of
them, representing several thousands
Of dollars.
Singing Caught Victim.
One prominent citizen was persuaded
to invest In the time checks because
Southall had such a nice tenor voice
and his wife liked him to sing with
her. He thought a man who could sing
so sWeetly must be all right and he
took all the time checks that Southall
offered to him.
Certain banks in Minneapolis. and
one in particular. are reported to have
block Of the bogus paper.
Chief John Jackson, Of the st. Paul
fire department, had $500 invested in
the time checks. He has lost every
cent Of it and he is not feeling very
cheerful, especially as he was ousted
from his position last night.
The foreman of a local printing es-
Enlistment loses $4,000 which he had
put in the worthless checks.
These are only q few Of the victims
that We're caught with the glittcring
promises of gold.
ID. r.. NOyes Says Not.
1t was reported around the city yes
terday that Daniel R. Noycs had been
caught for very large sum. His loss
was placed as high as So. 000 but to a
reporter for The G . b e last evening
Mr.. Noyes declared that he had not
lost a cent
Il am very happy to say that 1 did
not hold any of Mr.. SouthalI's papers,"
said Mr.. Noyes. II had q chance to
get something of the kind recently. I
was offered $4,000 Of the security for
cash loan Of $4,000. 1 like to mako
money. but not as fast as that, and I
declined to have anything to do with IT,
Il am very sorry for those who have
been swindled and particularly for the
poor women and others who cannot
afford to lose 1t. Some Of the men
who have lost by the scheme will not
miss the money. but the people who
have lost all they had are to be pitfed."
N. n. Frosts Friends Lost.
Newton R. Frost, the candidate Of
the Prohibition party for mayor, was
also said to have been involved to a
large amount, but he denied it.
Il had nothing to do with the time
checks" he said when questioned, but
1 have some friends who had am
somewhat interested in the matter on
account Of them, but I am not per-
sonally concerned"
Young Cutters Loss
The younger Cutler said last evening
that he was not seriously embarrassed
by his loss in the time checks, nor was
his father He is a student in the law
office Of Butler & How, to whom he
referred the reporter for information.
But the lawyers refused to talk
Strung His Victims.
Said one Of his victims yesterday:
Southall is the most barefaced swindler
that ever lived. He pretended to those
whom he favored with his time checks that
they were the only ones dealing in them.
He would say to man who had bought q
block of them that he should not let any
one else know he had the paper, as It was
in demand, and it would make trouble for
him if others knew that he was favoring
him. The man would go away hugging him
self for his good luck. The next man who
came along would receive the same admoni-
ton and he would think himself the most