The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1899-07-10
DEPOsITORs OF THE SAVINGS
RANK OF ST. PAUL NAME
COMMITTEE
TO WAIT UPON JUDGE BRILL
FOUR HUNDRED PEOPLE ATTEND
A STORMY MEETING AT AS
SEMBLY HALL
DISCUSS WHAT IS BEST TO DO

aAO Supr. Pope, but
Is Called Down by Timothv
ReardOn and Others - i3ank or
hcera Secure Attorneys to Pre-
vent appointment of a Receiver.
over 400 of the depositors of the Saw
lngs Bank Of St. Paul and their repre-
sentatives attended the meeting held YES
teroay afternoon at Assembly hall to de-
eide on a course Of action to be taken by
the creditors in response to a notice in
yesterday mornings G ODE. 1t was a
stormy, unparliamentary gathering, par
uclpated In mainly by lawyers, and the
net result of three hours of talk was the
appointment of a committee consisting of
CHARLES Rose, ]. NJ Hawthorne, Frank
Gr1ggs, Simeon Childs and John H
Stryker to appear before Judge Brill in
district court at 10 a. m today and ask
Ior continuance of the receiyershtp
proceedings until after another meeting
OF the creditors of the bank, to be held
next Wednesday evening at p. m. at As
sembly hail. The candidates for the re-
celVersh1p were present at the meeting
III 1orce' and their friends made desper-
ate enorts to obtain an Endorsement for
some one man. The main thing that de-
feated their purpose, however, was the
Tact that large number of those present
apparently dreaded the idea of a receiver
snip, should it be possible to get their
money out in any other way. Some
thought two should be appointed and in
this connection suggested c. r. Smith as
one Of them.
The meeting was called for 2:3O D. M,
but long before that time anxious men
ana women began to gather and when
the meeting was finally called to order
the large hall was packed to it's utmost
capacity. Among those present were:
James NOVEL;, A. II Rogers. Thomas
Manning, w. C.. Bates, Charles A. Rose,
Il. P. Porter, A. M Wickwire, George
b: Whitehorne, Henry Smith,. F. Krieg-
John Beyer R. A il Chinook, ARHfrISni william
OGorman, w. Dunbar, f. NJ Catlin,
T;heodore IN Hays. John. H. stryker, ALI
lett ]. H. Wilson, II. NJ: Meier, C. H.
Bonn, Il. B. Lott, Phil SchWeitzer, Judge
James Egan, Chester R. Smith, w. G.
oates, Frank Griggs, Fred c. Schiffmann
George Golfer, Capt. Gallick, William E.
Clark, Frank Huber, G. c. Collins Tim
othy Reardon, Thomas B. Neuhausen, J,
A. Pond, former Chief Jackson and r. B.
Palmer.
Judge Egan was elected chairman Of
the meeting and r. B. Palmer secretary
The chairman stated the purpose of the
meeting, and then w. c. Bates fired the
opening gun by nominating Chester R.
Smith for the receivership. Fourteen
men were on their feet at once when Mr.
Bates concluded speaking, and when the
smoke rolled away James Novel; was in
undisputed possession of the floor.
CRITICISED GEN. POPE.
There is no necessity for a receiver
to be appointed, he said. 1.-THE trouble
all lies in the fact that the bank exam
iner has not been able to make a record
since he has been in Office. He says the
loans to the trustees have been constant
ly increasing, which 1 have found from
careful investigation to be untrue. AS
an instance let me cite the loan made
to the father of Cashier Meier on which
Gen. Pope lays such great stress Meier's
father some years ago owned a piece of
property on Seventh street, near Seven
corners. 1t was improved and there is
not a man here with the ability who
would not loan $1,000 on it. Mr. Meier
borrowed on his property after it had
been passed on by the bank board. The
and now Gen. Pope wants to charge that
loan made to another man years ago to
the cashier. Is that justice?
Two or three 600 receivers will eat
up the assets and complete the wreck Of
the bank, if it Is wrecked They have
got to do it to show that the public ex-
aminer and Gov Lind are in the right.
Let the receivers pay rs cents on the
dollar and what kind of positions will
the two state officials find themselves
in?"
What is the bank paying you?" called
blonde man over in the corner, shut
ting off a TRADE directed against Gov.
Lind and Gen. Pope.
mot a cent" replied Mr.. NOVEL;, de-
cisively. 'I know something about the
facts, though Last Thursday j. c.
Prendergast went in and paid a 81 300
note, although it seriously inconvenienced
his business. AS for Gen. Popes esti-
mates, I want to ask you If you know
who made the apDraisals. One of the
men was j. o. Davis, clerk in the pub
lie examiners Office, and who lives at
Minneapolis. Wouldn't Minneapolis peo-
pie object to having q clerk come over
from St. Paul and appraise their prop
erty? He
CAN'T FIND THE STREETS
in st. Paul, because he doesn't know
what car to take. Gleason Thompson,
the other appraiser, Is not known outside
one real estate office in the city. Gen.
Pope has covered his trail very carefully.
Let us select a committee of three to see
If the loans are good. The public ex-
aminer has deceived US. The bank al
ways kept its houses in good condition,
as all of you know who were it's ten
ants. The improvements and repairs
cost money, and yet Gen. Pope has in
cluded them in his statement that the
running expense of the bank has been
$4,000 a year.
1.-The bank has an income of $4,000 in
rentals. In the last few months it has
sold $4,000 worth of real estate. In every
sale there was a profit. The land was
not thrown on the market and given
away at sacrifice. The bank was one
of the oldest institutions in the city, and
stood up when others went down in the
panic. 1t could raise money then and it
could now. The public examiner cannot
point to a single instance Of dishonesty
on the part of the management
Can one man monopolize the 1oor?y
shouted somebody and Mr. Novel; sat
down.
I'm satisfied to let things rum said
rrt,,o+I,,1 T0eordop have had SOnle pN-A