The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1905-01-16

day or two later by her granddaughter.
Miss Augusta Hunt This was necessary
runs to either in ease of the death of one
or the other. And so il stands today. So
TAR as Karl Lester Schettler is concerned
he becomes. by this very transaction. a
creditor of the bank Mrs. Thompson
merely transferring to him her right and
title for that particular deposit the
all this affair ] never saw Karl Lester
SchettlSr until some time afterwards.
when he brought TO my office my tenn
porary receipt and Mrs. Caroline ThomD-
son receipt After he had read them
beth carefully and listened to my show
now see the justice of your claim in ask
ing that your receipt be given up and he
handed me back my temporary receipt of
thanked him. He left the office with
Mrs. Caroline Thompson receipt and
order in his pocket, apparently thorough
Regarding Sale of Property.
SO much for all the Thompson matter.
WiA take up the illusions which have
peen made in reference to the projected
sale sale OF the Brigham street property The
SChetIlerS are quoted as saving that
X; X Anderson had advised against the
Seiilng of certain real estate to tide the
bank over the. crisis. Ny reply to that
assertion Is this Up to within two DAYS
OF the failure Of the bank J knew nothing
ABOUT Schettler's actual financial condi-
ton other than his printed financial quar-
terry statement showed. Consequently
any opinion that ! may have given him
casually at any time prior to that IN
regard to selling his real estate cannot be
attributed to bias influence on my
part
During recent years il has not been
unusual for Mr.. Schettler and myself TO
meet by chance on Brigham street as
other citizens meet each other every day.
ana walk along that thoroughfare. Some
times he would pause near his house and
would say TO me: Robert. 7 have been
offered $4,000 for my home If YOU were
would sell if Th9f7-
variably replied No. sir. I would not.
You ought To get $50 OG0 for IT If Is
worth all of that Whenever I made a
reply like that-yOu must remember these
conversations were held manv weeks and
utterance TO my opinion as a friend; and
even IL 7 had made such a reply one.
two or three days before the bank failed.
had no thought of fniuring the cred
itors or depriving the depositors Of one
dollar Of any money which r. n. Schet-
tied might have turned over if he had
sold his property.
1T will be noted that SchettIer refers
to the house and land as M house
Mrs. Schettler SAYS the deeds for this
property were made in her favor I'm 1888.
Talks of Schettler's Long Insolvency.
Il wish to say distinctly and emphat-
ically. too, that no man has been able
to get from me a statement that Schet-
tier knew he was insolvent while he was
operating his hank. and even today
doubt II Schettler will admit that he is
insolvent- How could I knO-- that Mr.
all times he was insisteut that he was
not inSolVent and that if given little
time one would lose dollar? My
knowing that he is insOlVent. and has
been for wears. is no proof that Mr..
Schettler himself knew he was inSOlVent.
Nearly every depositor who comes into
my office wants TO know what were Mr..
SchettleT's secret or real motives for do
ing up the bank?' How can I tell what
his motives were2 He may not have had
any motive for all that I know. and this
trouble may havegradually come uDOn
him. I am not A psychologist or mind
reader. If ] was perhaps l could fathom
this is a very brief time
Many people have asked me to give
my personal o9inion concerning Schet-
tiers life as a banker II | were to ven
ture an opiniORsJ would saw that he has
lived zoo close to the Lord until he has
lost a proper sense of right and wrong
He is known AMONGST many people as a
holy man. and in my long experience such
men are extremely DANGEROUS in business.
Their hand IS out. night and day for
secret commissions. and the-- are ready
to go in on deal whore thev can make
monev without DeODlc knOWiu0 about u.
etr. Mr.. SchettIer is 70 me. in a certain
sense q .'szzle This entire conclusion
has come to me during the past three
MONTHS