The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1898-10-22
A PARTISAN BANK EXAMINER.
The citizens of Minnesota, but III

lis and st. Paul. have good
reason to keep the name of Moses
d. Kenyon in everlasting rcmem-
brance. He is the public examiner ap-
with an act OF the state legislature. tc
look after the banking institutions and
| the state and county treasures, and thor
oughiy examine into their affairs and
ascertain their financial condition at
| least once a year, for the protection OF
| the public. How well Mr.. Kenyon has
protected his fellow citizens by his eX-
| aminations is sadly known to thousands
of depositors in the suspended banks of
this great commonwealth. During the
! panic of "a and '95 the people We're vic
ings of lifetime in rotten financial i'll
stitutions which Mr.. Kenyon had exam
| ined according to law. When reprimand-
| ed by the press for dcrelction of duty
and condemned for allowing the public
to be swindled this vigiant official vim
dictated himself by throwing the blame
on the governor. He declared that it was
utterly impossible for him to examine all
| the banks without more assistants, and
that his duty merely consisted in max
ing reports to his cXcelency. the COVER
t nor, who pigeon hOled them in his Of
flee and let the shaky institutions run
on in their lettering course to rob the
poor people. who foolishly imagined that
they were all right under the supervision
of the public examiner. 1t is needless to
say that they have no confidence in that
functionary since the suspension of the
banks in which they lost their money,
and they ask themselves what the Of
it be to give some loyal Republican Il
reward for political services at the ex-
pcnse of the state
The Democracy Of Minnesota. in their
platform, realized the necessity of Il
Watchdog over financial institutions
.. who would display more efficiency than
NJ ID. Kenyon. and inserted the following
plank in the platform of 1893:
"Our banking institutions. established TO
care for the deposits nf the people, have not
had their condition of sulvrnrN or insolvency
examined by romnct"nt bank examiner.
Even when rrpurts of insolvency wrr" made
they have been withheld from, the public
view. Through wrongful continuation at
the state ralitnl millions have hccu lost To
our people. while the name of our state has
suffered abroad
The Republican party utterly failed to
take any cognizance of this important
matter in it's state platform, though
thousands of citizens who are expected
to vote the Republican ticket and belong
to the party of honest and sound
money" Jared no better than their DEM
ocratic neighbours during the financial
panic. The Republican party preferred
to indulge in high-sounding phrases
about "our manifest destiny" and SINH
lar clap-trap, and made no pledge or
promise to protect the citizens OF the
state in their dealings with banks of
deposit or savings institutions. That
matter was deemed insignificant in COM
parison with the seizure of the Philip
pine islands and the annexation of Ha-
wall. The minds of the party leaders
were fixed on the acquisition OF islands
within the tropics. and what did it con-
corn them whether the citizens of this
! frigid North Star state lost their money
in the future. as they did in the past :?
u
William Henry Eustis. is now stumping
the state, and think you he says word
about financial institutions? That is too
delicate a question for the spread-eagle
William Henry to touch on. owing to his
connection with the Guaranty Loan COM
pany of unsavOry record. He finds other
subjects more congenial to his taste
, In a report of his speech up the country
he says: "Our children's children (and
he hasn't any, will bound the influence
of America thus: On the north by the
aurora borealis. on the south by the
equator. on the east by the rising sun,
and on the west by everlasting happi-
ness" That is how the Republican ora
Gle entertains rural audiences during the
campaign. in order to get their votes.
He must think they are very unsophisti-
Gated.
What a contrast between the artful
William Henry Eustis and honest John
Lind. In his opening speech of the
campaign III this city the latter referred
to the bank examiner. and said his con-
duct furnishes striking example OF
official incompetency and Indifference to
the welfare of the public. Whereupon
NJ. d. Kenyon rushed into print, pre-
sumably at the instigation of his party
leaders. and charged that the Brown
County Bank. of New Ulm. of which Mr..
Lind was director during the panic
years, had made false returns and had
loaned sums of money to mill conf
pany in excess of the legal limit I'm
mediately the Republican papers cried
out in unison that Lind is on the de-
fensive." The peoples candidate prompt
ly replied and asked if what Kenyon
says be true. why not perform his duty.
expose the irregularity and close the
bank? In letter to the. Minneapolis