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

W"V' Lind and Supt. Pope, but
L. Called Down by Timothy
ReardOn and Others - Rank Of
hcers Secure Attorneys to Pre-
vent Appointment of n Receiva-
Over 400 of the depositors of the Saw
1ngs Bank of St. Paul and their repre-
sentatives attended the meeting held YES
terday afternoon at Assembly hall to de-
eide on course Of action to be taken nv
the creditors in response to a notice in
yesterday mornings Globe 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 committee consisting of
CharIes Rose. J. M Hawthorne, Frank
Grlggs, Simeon Childs and John II.
stryker to appear before Judge Brill in
district court at 10 a. M today and ask
Tor a continuance of the receiyershfp
proceedings until after another meeting
OF the creditors of the bank, to be held
next Wednesday evening at s D. m. at AS
sembly hall. The candidates for the re-
ownership were present at the meeting
In force. and their friends made desper-
ate eHorts to obtain an Endorsement for
some one man. The main thing that de-
feated their purpose, however, was the
fact that large number of those present
apparently dreaded the idea of a receiver
ship, 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
and women began to gather and when
the meeting was finally called to order
the large hall was packed to its utmost
capacity. Among those present were:
James Novel;, A H Rogers, Thomas
M manning, W. G.. Bates, Charles A. Rose,
b r Porter, A. M. Wickwire, George
er, M e. Murray, Samuel A Anderson,
John John Boyer, r. A. Chinook, William
83SGoEEman. W. Dunbar F. NJ. Catiin,
Sid Reeves, Louis Feiser, L. w. Rund-
Bonn. E; B. Lott, Phil schweitzer, Judge
James Egan, Chester r. Smith, w G,
Bates, Frank Griggs, Fred c. Schiffmann,
George Golfer, Capt. Gallick, William d
+ Clark, Frank Huber, G. G. Collins. Tim
othy Reardon, Thomas B. Neuhausen, J.
4. 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
a 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 man here with the ability who
would not loan $4,000 on it. Mr.. Meier
borrowed on his property after it had
been passed on by the bank board The
interest has always been paid up to date,
and now Gen. Pope wants to charge that
loan made to another man years ago to
the cashier. Is that justice?
Two or three $4,000 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
IMP
What is the bank paying you?" called
a blonde man over in the corner, shut
ting off a TRADE directed against Gov.
Lind and Gen. Pope.
Not a cent replied Mr. NOVEL;, de-
cisively 81 know something about the
facts, though. Last Thursday j. C.
Prendergast went in and paid a 1900
note, although it seriously inconvenienced
his business. AS for Gen. Pope's esti-
mates, l want to ask you if you know
who made the apDraisals One of the
men was J. o. Davis, a 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 committee of three to see
If the loans are good. The public ex-
aminer has deceived US. The bank al
ways kept It's houses in good condition
as all of you know who were its 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 year.
1.-The bank has an income of $4,000 in
rentals. In the last few months it has
sold Zoo worth of real estare. In every
sale there was a profit. The land was
not thrown on the market and given
away at a 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 monopo1ize the fiOor?r
shouted somebody and Mr.. Novel; sat
down.
I'm satisfied to let things rum said
MT. hoy ha a. VI