Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1905-01-10
Cooperative Company of Ken
sett the Alleged Victim of
Trusted Agents
HAueeNs NEPHEW INVOLVED
Cashier of tho Bank Of kcnsett and e.
e. EIIinssen Said to be Largely Re-
.ponsible for the Defioit-suit Begun
by tho Stockholders = Speculation
Assigned as Cause.

kensett. Jan. 1O-Kensett was In q
turmoil OF excitement here Saturday
afternoon ut which the expert account
ants who have been examining the
books of the Farmers Mutual Live
stock Association made their report.
The report is said to have shown that
, the society was some $1,000 In debt
when they should have been over $l9,-
900 to the good. 1t was startling
revelation and as the sentences came
from the lips of the expert showing the
the farmers there was CONSERVATION.
The meeting was called in the opera
house. and was filled to the doors with
an interested and eager crowd of
farmers, members of the association
and others who were Interested. For
the past three months the books have
been in the hands Of Hort Francisco.
of Mason City, who, with the aid Of
Miss Mary Anderson, his bootkeeper.
IIIuuG ~ CdI clul ''N''t
had been a suspicion of irregular work
on the part of the officers of the as
ISOLATION for some time. The charter
expired on the fifth OF the month and
the occasion was taken Mt the time
for a general settlement. The result
of the report has implicated Cashier
Haugen, OF the Bank OF kensett,
nephew of Congressman, who Is treas
urer Of the association, and e. f. Ell
llngsen and 4. s. Bakken. other officers
of the association. Each of these have
been made defendants In suit which
will be on trial at the present term OF
the district court In Northwood One
OF the officers Of the society who was
implicated Is alleged to have settled
his account. He intimated to Mr..
Francisco. that he did not know how
he had been discovered, but said 1t
was right to the very penny and he
did not want to go into court and de-
fend his actions. so paid his up. Mr..
Johnson, of Northwood. the attor-
ney for the defendants, was present
at the meeting on Saturday. He
came prepared to divert the sentiment
of the members OF the association and
CaIIlGu loIIlIuuDie array VI VIVA
ments, few il any of which re WAS
permitted to read. He endeavored to
have a committee appointed to settle
the question outside che courts. This
was unanimously voted down despite
the alleged effort he had been making
for the past month or SO to fix vote
in his favor among the stockholders.
Another motion Of the attorney to de-
clare the old ns5Jc .at,sn ut an ..ld
and to re-elect nav corps cf officers
likewise was vetoed by the unan.li Gus
vote of the now accused farmers The
association is composed OF about 200
members and Of this number II was
the general belief among the defend
ants in the matter that sonle. sort Of 4
division could be aroused whereby
the plan to make a completes investi-
cation would be tnwart"i AMI Accord
ing to all reports this has been effect
ed. But when Mss Anderson read
the re BORT and the astounding features
of the irregular work Of the officers.
had been divulged. every barrier which
the defendants had erected behind
which they hoped 10 shield themselves,
was broken down, and very farmer
voted as one. The claeting was con-
tinuel all afte1noor till late In the
evening. There was mIca suppressed
excitement and fo~ some time after
the regular meeting h, adjourned the
farm. IS gathered IN groups and earn
estly discussed the ,evelt.cEs. Con-