The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-03-27

right and afterwards Soathall told me
that Haycock had the paper redeemed
/ asked Southall whether | was not en-
titled to something for my connection
with the deal, and he gave me COM
mission. l forgot how muoGn 1 receiv
ed.
Ten Per Cent at First.
AT first l got the paper at 10 per
cent, but after awhile redemption be-
came irregular. Southall told me that
the government was not paying
promptly and he gave me the paper
at a discount of Is and even % per
cent. Finally there was no more money
in handling it and l quit.
Several persons who had invested
in the time checks came to me for in
formation and | sent them to Southall
Il have not been in the Army build
ing, but | did not know that Southall
had quit the government employ until
he was arrested.
Il have transacted business with
Southall within ten feet of Mr. Du
Shane, but Mr.. Du Shane never took
part in our conversation. 1t is abso-
lutely false that l had anything to do
with the sWindle.
In Business With Southnu.
1T is true that 1 was in business
with SOuthall in q novelty store in this
city. | had two games of my own in
vention, and one day Southall asked me
why. l did not patent them. l told him
that if he would put up the money L
would give him half interest in the
business. He agreed and 1 went to a
Minneapolis patent attorney and had
the necessary papers made out and
S0uthall footed the bill
We manufactured the games and
advertised them in Eastern papers.
and in a short time we received large
orders from all over the country for
the games and other novelties The
business grew rapidly, and the first
Year it proSpered. We We're obliged to
run a Wholesale department, and that
involved great expense. In two and d
half years Southall put $500 into the
store. Then I was obliged TO meet my
interest on the time check paper that
l held and was swamped. I had drawn
out too much cash from the store to
pay il and ! told Southall that we
should hold an auction and get out of
the business as easily as possible. We
did so and I have since acted as SELL
ing agent in the same line of goods
for foreign firms.
Il borrowed other peoples money to
buy this paper and | consider the en-
tire debt mine. I have seen my credi-
tors and they do not blame me for the
crash. They are satisfied that 1 had
no connection with Southall in the
business"
EIr. HaycOck Says Differently.
Nh. Curtis is wrong in several par
ticulars," said Mr.. Haycock when ask
ed about his dealings with southall
and Curtis. Il don't care to engage in
nd
will let it go.
1T is not true that I went to South
all for information regarding the time
checks. I went to two eminent bankers
and they advised me to take all [ could
get. I took their advice and at one
time had a good deal Of the paper. But
within the past two years ! have had
little Of 1t. | lose some-more than [
like to lose-but 1 am willing to let it
go.
Whether Curtis got a commission
for the paper l bought at the first L
do not know.
When l dealt with SOuthall he would
telephone to me that he had Just re-
ceived choice lot of time checks, and
I would go to his office and buy them.
I would get 81 200 worth for 81, 900. They
We're paid promptly at first, but later
the payments were slow. Then 1 went
TO the TWO eminent bankers anu QueS-
toned them and they said I was per
fectly safe and it was foolish to worry
about the paper The said they had g.
lot of the paper and were confident it
would be paid, One shrewd old broker
assured me that the time checks were
the best securities that could be held.
J I don't know how much he has been
caught for.
When Nick emile Was Here.
81 had some Of the paper when Nc
KenZie was in the office. 1t seems
strange to me that he did not know
that SOuthall was dealing in bogus pa
per 1t is also strange that Dushane
did not understand that Southall was
crooked and report it to the govern
ment officials. There is something
wrong in that office.
Everybody is surprised that bust
ness men should have been 50 easily
taken in by Southall, but the fact is
any man would have been deceived
Southall referred sllepticaI persons to
the leading business men in the city.
and they all said the time checks were
excellent investments. They all had
had the paper, and the payments were
met promptly, and they had the great
est confidence in it. I was taken in
with the others and expect to stand
the loss"
Among those who are said to have
lost heavily by the Southall swindle is
President Kenneth Clark, of the Mer-
| chants National bank. Mr.. Clark
states that he loaned an acquaintance
| $40 900 and took as collateral time
| checks. He never owned nor bought any
Of the time checks, and he has no fur
| Their interest in the matter. Any state
| ment that he is interested to a larger
extent, he says, is untrue.
No Hope of Bonds.
Southall has given up hope OF Sc
| curing bonds. He was visited by many
acquafntances yesterday, but none of
them furnished bonds, and the chances
are that he will remain In the county
Jail until his trial in June. His daugh-
| ter and two sons called upon him and
remained most of the day with him.
During the afternoon his lawyers were
in consultation with him, and he de-
MED himself to reporters.
Not in AbbOtt's Division
Capt Abbott, chief of the engineer
corps for the upper Mississippi was
| asked what he thought of Southalrs
| time check traffic He replied that he
| knew nothing about, as SOuthal was