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-
latlon with the bank i do not purpose
to do so at this time
Second. L have never publicly mado
any statement as to the relation of some
OF Mr; Kenyon's assistant public cxamin-
ers With the bank but l will now state
inst such relations had been intimate
an0 costly to the depositors
Inlrd. The bank has suffered losses
OF many thousands in bolstering up and
relieving from losses real estate, com
pines In which officials of the bank had
pee interested, and large amount OF
the vaIueless tax certifica ties has been,
purchased as liens upon property ac-
quired as above intimated. The actions
OF the officials cost the depositors many
thousands of dollars.
Fourth. The bank had for wears been
steadily using money of depositors to
amount OF many thousands annually to
pay interest, expenses and salaries.
Fifth. There were three several and
separate examina tons, each revealing a
worse condition than the preceding, after
Toe zoe. last examination, about June 9Th,
1879; 1t was said to the officers that II
tney would pay and secure their own
large and unlawfully ted indebtedness
10 the bank, the department would con
sent to the payment Of July dividend
and continuance of the struggle under
reorganized corps of officials
80 anxious was both Gov. Lind and
o otfe puonc examiner to avoid the closing
OF this bank that the matter was made
the SUBJECT of much thought and many
conferences with the bank officials and
ehelr attorneys and the attorney general.
N the endeaYor to devise some way
other than closing the bank, in the in
tei est Of the deposttors eyery poss BILE IL N
was considered, but the department was
determined that in view of the con-
stantly accruing losses it should be an
uitlLIa tum that the officials of the bank
should restore or at least secure. the
tearge indebtedness which they had taken
from the bank Without-the shadow of Ie-
gal authority.
| will venture the statement that Gov.
In LInd aid not then, and to this day does
not know mat Mr.. Kenyon was a debtor
70 the bank, but after a period Of thirty
Gays given for the purpose, the officers
Wonld not, perhaps could not, restore or
secure a dollar Of their indebtedness
and on taking possession of the assets
GL the bank we found certain tickets in
Inc Inc name OF the managing officials of the
, oortA Wnlcn mad been counted and re-
ported as cash. These tickets were turned
over 10 the receiver, and, if still In his
nanuS are proper matters for present
Ilrapia, TO the grand jury It passes com
the standing Of the Pioneer Press sbouId
not assist and cooperate in every eff
Lort to tighten the darkness Of the clouds
which have rested on the financial in
situations of the city Of St PauI
AS to Mr.. Kenyon and his assistant
examiners, waving the questions Of their
say they had long known the Condition
OF TINS institution, and the records of nv
department. show. that if it had been
G:0 neei IN IN 1897 or in 1898 the unprotected
ueposltors would have received many
thousands of dollars more than now
Sliu the 01nclals would have owed the
oa In mus, much less than they now do
IN view, therefore. OF the faIsIty and
apparent malice of your editorial artfcIe
and considering it's damaging effect mon ,rI,
my official and personal character I de-
1hed retraction. Yours respectfully,
e. M POna