The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-11-06
the public. some additional statements:
SOME ADDITIONAL FACTS.


First. This department has never made
any statement as to my predecessors re-
Iation with the bank i do NOT puIDose
to do so at this time.
second, L have never publicly made
any statement as to the relations of sCme
oL Nr; HenYons assistant public cXamin-
ers with the bank, but l will now state
lh9t Such relations had been intimate
ana costly TO the depositors.
Ihlrd The bank has suffered losses
Oh many thousands in bolstering up and
pines In which officials of the bank had
been interested, and a large amount OF
the valueless tax certificates has been
purchased as liens upon property ac-
CURED as above intimated. The actions
or the officials cost the depositors many
thousands of dollars.
Fourth The bank had for years been
SteadlIy using money of depositors to
amount Of many thousands annually to
pay interest, expenses and salaries.
ruin There We're three several and
worse condition than the preceding, after
the last examination. about June 9Th
t ts9; 1t was said to the officers that il
they would pay and secure their own
large and unlawfulIy created indebtedDess
10 the bank, the department would con
sent TO the payment of a July dividend
ana continuance of the struggle under
feorganized corps of officials
80 anxious was both Gov. Lind and
oHe puoHc examiner to avoid the closing
OF OF this bank that the matter was made
conferences with the bank officials ana
ehelr attorneys and the attorney general
IN the endeavOr to devise some wav
other than closing the bank. i'm the in
te; est of the deposftors e4 ery moss bIl IN
was considered, but the department was
determined that In view of The con-
SIdntIy accru1ng losses it should be an
vi una tum that the officials of the bank
should restore, or at least secure tine
large indeb tedness which they had taken
gal authority.
Will venture the statement that Coy.
In L-I4q d1d not then, and to this day does
not nc Know that Mr.. Kenyon was a debtor
to the bank, but after a period IF tbirfI,
days given for the purpose, the officers
Would not, perhaps could not restore or
secure dollar of their indebtedness
ana on taking possession of the assets
~ the pank We found certain tickets in
Lne name OF the managing officials of the
DdnK which had been counted and re-
ported as cash. These tickets were turned
hands are proper matters for present
r mem 20 the grand jury. 1t passes com
RtbIen .ll why reputable journal Of
the standing of the Pioneer Press sho,,I5
not assist and cooperate in every ef
tort to tighten the darkness of the clouds
when nave rested on the financial in
S AS to MI Of TIE Ren city Of St; Paul.
e@aLlIners, waving the questions Of their
personal relations with the bank. 7 NAV
say Se they had long known the condition
9L TINS institution, and the records of nv
department. show that if it had ba 1i,g
closed closed in 1897 or in 1898 the unprotected
thousands of dollars more than ii noTS
ana the officials would have owed the
od IN ,i much less less than they now do
In, IN view. therefore, Of the falslty and
ana considering it's damaging effect upon
my omcial and personal character. de-
ie81 from you an immediate and unquaI-
lhed retraction Yours respectfully,
E. NJ Pope