The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-10-31

The Republican party in this state
IS directly responsible for all the po-
liticaI corruption and all the stealings
of the busted" banks and trust COM
paries in this state during the last few
years.
Let us proceed to prove this state
ment: In May, 1898, the Guaranty Loan
company closed its doors after nine
millions of its funds had been stolen.
Long before that time John H. Burke
complained to State Bank Examiner
Kenyon OF the insolvent and rotten
condition Of that company and gave
Kenyon the books and papers Of the
record in which a considerable amount
of the crooked transactions Of the COM
pany could be found. But Kenyon
turned around and helped Eustis and
the other directors and officers to
WhiteWash the company. When the
company bursted in May, 1898. it was
plain to Gov. Nelson and every one
else that instead Of being bank exam
iner Kenyon ought to be elsewhere.
But Nelson upheld Kenyon, and the
latter held his job.
In June. 1893. the State Bank of Min
neapOIis closed its doors when it was
discovered that KOTtgaard, it's president,
had looted it to the amount of more
than $300G00, and it had been rotten
for a long time, SO rotten that the bank
examiner could not help finding it out
if he examined the bank as the law re-
quires him to do. The Exchange bank
failed next day. It. too, was rotten.
The Farmers and Merchants State
Bank of Minneapolis failed about the
same time. 1t had also been looted by
its officers, and the bank examiner
should have found it cut long before it
closed it's doors.
These things proved over and over
again that Kenyon is either a fool or
q scOundrel, and that Gov. Nelson is
equally guilty for keeping Kenyon in
office after ne had proved to be so
wholly incompetent or to be in collision
with the robbers Of banks and trust
companies and the plunderers Of thou
sands of poor people who had deposited
their small savings in these institu-
lions. But the plundering Of the poor
of thousands Of the pOOr-of their
hard earned savings did not appeal to
Gov. Nelson, and he still kept Kenyon
for bank examiner.
In January, 1895, when Nelson was
elected to the senate, ClOugh became
governor and reappOinted Kenyon
bank examiner, and the ring-ridden
state senate confirmed the appoint
ment. The Republicans are now try
ing to make a scapegOat out of ClOugh.
True, when ClOugh was elected gov
ernOr in 1885, he again appointed Ken
yOn bank examiner, and a Republican
senate again confirmed his appoint
ment. OF course, the keeping of Ken
yOn in the position of bank examiner
was sole snap for the plunderers
of the poor, and they continued to
make hay while the sun was shining.
For a few months before the election
of 1896, none Of the rotten banks closed
their doors because the Republican
politicians were afraid it would have
a bad effect at the election. But after
the election the bursting Of the banks
went on faster than ever. The Bank
Of Minnesota at st. Paul failed Dec
%, 1896, the Allemannia bank closed
its doors shortly afterWard, and soadid
several others, but Kenyon never knew
that there was anything wrong with
any of these banks until all the money
was gone.
Later on, several more banks failed
In Minneapolis, among them the
Washington bank which closed its
doors Jan. 81. 1897. Haugan, it's presi-
dent, who was also. city treasurer of
Minneapolis robbed the bank of near
~ all its assets, and robbed the city of
over $780, 600, and, 81 q consequence the
public schools in Minneapolis closed
early last spring.
This state house ring control also the
courts ana city government IN Mime
apOliS, and so they rewarded Haugan
for his faithfulness to the ring by Civ
ing him four months to drink wine and
entertain his friends in the parIor at
the county Jail. This is the way they
punished him for stealing $500 900 from
the city. Neither did they want to
hurt the sureties on his bond as city
treasurer, as several of these bonds
men are millionaires and prominent
and respected members Of the Ren1lb
lican state and city machine, so they
let those bondsmen off at 10 cents on
the dollar
In spite Of all this, Kenyon still holds
his job and continues to be as con-
Nen1ently deaf, dumb and blind as a
French chaperone.
NO Republican legislature has i'm
peached him, and none ever will.
1t was the duty of Kenyon to exam
Inc the banks. accounts, securities and
all other documents Of the city treas