Decorah public opinion. (Decorah, Winneshiek County [Iowa]) 1895-1928, 1899-04-05

could not be redeemed. He told the
stock holders that so cents on the dol
lar could not be paid from the assets Of
the bank. He made detailed state.
ment of the assets and liabilities Of the
bank. Atthis juncture q very lively
discussion took place between the at-
torneys as to the admission Of Mr. Hol-
ways testimony on the insolvency ot
the bank which lasted about two
hours. He was finally allowed to
answer the question as to the insolv-
epcy Of the bank. He testified that
the bank was insolvent Aug 81, 1895,
and had been for several years.
THURSDAY.
The testimony of yesterday was very
damaging to the defense and continues
u grow more and more damaging.
f. j. Curtin was the first witness
called and testified to the property Of
T. w. Burdick, stating that he had no
property in Winnesheik county, ex-
cept what was covered by mort
gage, and that nothing could be col
lected of him Aug. q, 1895. He also
testified to knowing N. Burdick and
10y Easton, and that they had no pro-
perty; that nothing could be collected
against f. r. Baker by execution or
otherwise. That he knew the value of
the First National Bank building and
estimated the same at $40, 600; also tes-
titled to the property of M. Steyer &
Son, and estimated the building that
they owned on Water street, as being
worth $500, that nothing could be COL
lected against the firm about Aug. 2l,
1895. That he knew Rollins, Perry &
Co.; that they were insolvent on the
above date. He was asked on the
cross-examlnation about the First
National Bank building and described
the building; was asked If he knew
what the receiver sold the building for,
and answered that he understood that
it was sold for sl4,5OO.
E. w. d. Holway was recalled; was
asked in regard to the s. w. Msttesou
estate and testified that there was no
claim filed by the First National Bank
against such estate before the time fol-
filing claims had expired. That moth
ing could be collected from the estate
on Aug, q, 1895. That he knew NJ.
Steyer 4 Son and that nothing could
be collected by execution or otherwise.
He also placed the value of the First
National Bank building at $4,000.
Testified that the New Metzgar Medi.
cine Co., was 'ins0lvent Aug. 2l, 1896
and nothing could be collected, and
that the stocks and bonds Of that com.
pany were considered worthless by
him. HI. l.. EastOn's paper had no
value, also N. Burdick was worthless.
Testified to knowing f. r. Baker and
he had no property, and that he had
the paper held by the First National
Bank against him, and that he had
guaranteed to the amount Of Sl2, 1000
He also testified to knowing Nettie l.,
Baker and that nothing could be col
lected against her on or about Aug. q,
1895
Il. r. Baker was recalled and testi'
fled that he had prepared statement
Of the decrease In the assets Of the First
National Bank from Aug. q to Nov,
10, 1895 which was $2l, 1885, .68. Decrease
In liabilities SIS, ,80l.4S He then stat
ed nom his schedule, that he had
taken from the hooks, that ]. HI
Easton had drawn out Of the bank or
May "a, 1894, his own notes to thu
amount Of about $s5, 900, and 5000 O
gilt edge notes, and placed in tht
bank Iowa and Minnesota Invest
msut Co.. stocks and honda to ths
amonnt ~ 90 800, and bis own note