Daily capital journal. (Salem, Oregon) 1903-1919, 1908-01-06
Mr.. LADD
GETS UNDER
THE LOAD
ASSUMES ALLDfBTS
HAD CONFIDENCE IN ROSS AND
WILL NOT SEE OTHERS sUF-
FER FROM ANY POSSIBLE
CARFIFssNEss ON HIS PART.

CARKiESsNEss ON HIS PART.
All accounts 20 bo paid within
three years. Accounts 10 bear Z
per cent in'srest
All claims Of 5000 and under 70
be paid IN two years All above
that amount 10 be paid in three
years
District Attorney John Manning
IL preparing a draft OF an agreement
between w. NJ. IRdd and the deposit
tors committee Of the Title Guar
anfce q Trust Company this after
noon, which will be submitted 20
Ladd's attorney. and when the doc
ument Ia signed the doposItors Will
look 20 Ladd for settlement Of their
claims against the defunct instltu-
ton. At a meeting held yesterday
afternoon IN the once Of Mr.. Ladd
the banker made the proposition
outlined. and this WAS accepted by
tha committee Of deposltorH prcs-
ent Mr. Ladd made the negota-
tions IN person. others present being
Mr Manning. W. u. Aver and The
committee OF doporitors
The terms Of agreement are ar
foront from those proposed by the
committee originally and are differ
ent from what Mf Ladd had tonta-
lively decided on a. noon yesterday.
ne principal change q that all ac-
ounts Of $500 and losa will be- paid
m two years. instead Of an accounts
of ti0o aud lees being paid within
two months Mr iadd wanted the
two yeas arrangement. and IN re-
turn for this time extension Agreed I
90 the per cent interest provision
T'his inicres, n higher than was oS-
pected by tho majority OF deposi.
tors, who would have been willing 10
acccpt per cent. hit. u u believed.
iadd concluded that the extension
of time was worth the extra ! per
cent.
wal fay Bsssy Dollar.
The agreement. in brief. II that
IAdd guarantees the payment OF
every dollar Of Indebtedness of the
wrecked bank, Of which he was once
president People who aold their
claims against the bank al a dis
oount acted prematurcly aud will
Iufer ioas. II
So far AZ known, however. no >
has been reached be- h
tween Iaid and W. C. Bristol. repre- I
,enting the American Surety Com i
pAny The company reimbursed the h
'tale for state funds with 100000 v
lash and gave noies bearing pSr 4
'ent for $4,000 running tw9 \
Ioaru. Tho surety company has az N
eAdy started its oase IN the Federal a
court % recover from the Title r.
iaar4ntco a Trust Company. and y
las made mo- proposition to Laid n
fhai iAdd and Bristol Wlll come 90 IN,
~ agreement before the legal pro.
eodiuEs have Iuogrosssi mach fur. q
her Il understood.
u la aid by frlends Of i.sdd that
"a q nog BEEN feF the financial II
iFingeusy a. iho slms tha trust \
ampary vss forced 20 tho val he .
louid have guaranteed lhe payment |
{ al e'aims just a. he did those of
~ sayings accoanta, AZ that time
ado sieled THAI DO voaia 80 some
hinr later fhis pFomise Was kept In
Ihou ho yesterday made thv prop
allipn Nhieh pas accepted
Thefe Is noW a report that ia1a
lacea saeh implieli conndonse 30 .. I'LL
ssFsarn Rogs. manarer of the r, n
e 0eafenleo Is rFast Company !
.ai hs ava noi gise che per,onal ai,
'niiou 90 me insinuiiou that hs
'heIvlfe world The ,Aposo az the
aner e.fyie" methods m mNkine -.
- benks resources To aoai pee ~
hemfs 81 the hama oncials Is sni1
hs'e oesn AZ much ~ mrprlse q
Ladd AZ "a tht puhhs ~
walls Nanniur has hlsu artIng al H.
et.sior between Laid and tht do au
'sitofs be- sNIeFia IN ne bank ~
~ essa busl'y barFoviag into the 81
apy disiy feAemss 81 high anance d.
MA me inside rinE was ooadu,'. 81
s fhs despsr ghe sapggts SO nto ~
. Qsien ~ ths hank lhe more IN,
iisnness Is ancossrea Que ? Is
'thods. gfais. inlFleate entries And ~
Nv maitess hase beea broaght 10 ~ ~.
ei untn the investigators have x.
"a sseasi A tho mess their Ia. T,
Trims minds haVs liitea the IA -
m. 80
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