Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1908-09-02

speech shows that he did say But lie
Is rot content with making this denial
He shifts the ground Of his original
charge and now declares, that one
particular bank made q loan with
these bonds which it could not buy as
the security. The fact of this matter
is that the consolidation of the cleo
tric companies in Portland was made
in the fall of 1906, after the regular
examination of the banks had been
practically completed Before the next
examination was made the Legislature
had amended the law, making the
bonds of Maine corporations legal as
collateral for loans. if in the judgment
of the trustees they We're safe. The
banking department, therefore, had no
authority at that examination to OBJ
Jet to the bonds as collateral security
for bans.
The whole animosity of the charges
against the banks and against Mr.
SHELTON arises from the fact that he
asked, in his Buckfield speech. some
questions of these Democratic leaders,
which they have not answered and
can not answer. These questions were
as follows:
l. Assuming that the foregoing
statement showing the comparative
number of cases in which arrests have
been made by the two sets of officials
is substantially correct, and that dur
ing all of that time Sheriff Hastings
has kept employed at an expense to
the county of $3.50 each per annm
10, For .;,,I
deputies whose duties ostensibly have
been confined to the. enforcement OF
the ProhibitOry Law, do you believe
that they have been reasonably faith
full in the performance of those du-
ties?
2. Assuming that the same prem
iSeS are true, do You believe that any
one of them might not have done more
than all four appear to have done, if
he had been faithful in the perform
ance of his duties?
3. Assuming the same premises do
you believe Sheriff Hastings has been
honest with the County of AndroScog-
gin in continuing the employment of
these deputies at the public expense"
a. Assuming the same premises. is
it your opinion that these deputies
should be discharged forthwith?
5. Assuming the same premises, do
Won believe that Sheriff Hastings is
entitled to continuance in office. If n"
continues to charge the county with
this expense for this character of SER
vice?
G. Do you agree with the Demo-
cratic platform that all laws should be
enforced SO long as they are law?
T. If SO, what changes, if any,
would YOU make in order to secure
immediate enforcement of the Pro-
hibitory Law in Androscoggin County,
if the state officials We're with
drawn,
Open threats We're made, to our
knowledge, after the Bucktield speech.
that Mr. SHELTON would be "done up"
by these gentlemen, who do not care
for the effect of their action upon
the best interests of the people of
Maine. if they can make political CAPT
tai. and bolster up q cause which
deserves to lose if for no other rea-
son than that it has as sponsors men
who will do what these sponsors for
the cause of Mr. Gardner are doing.
AS to the question of veraclty raised
on the point of what Mr.. Pattangall
did say Mr.. Harry Manser. one of the
hest stenographers in the state. took
Mr.. Pattangall's speech. and herewith
is the report of exactly what he did
say:
INSTEAD of being up i'm Buckfield
bothering his head about how Sheriff
Hastings conducted his business it
would have been better for him to nave
given his personal attention to the
conduct of the bank examiners OIL
fee. for in the fall of 1906. when the
Portland Electric Company was
formed-a holding company which took
up the stocks and bonds of the old
Consolidated and other electric conf
NAMES in Portland-that company was
allowed to sell to the savings banks
of Milne almost a million dollars OF
their securities although the statutes
of the state of Maine forbid all in
yestments in the bonds of such cor
porations unless the corporations are
earning and paying a regular dividend
of not less than per cent. year. This
Portland Electric Comnanv has never
Maid a cent of dividend. Yet the bank
examiner allowed the savings banks
70 invest in its securities. Well. I
suppose his attention was being di-
verified to what the liquor deputies OF
Androscoggin county We're doing. Let
mo ask Mr.. SHELTON this Hypothetical
ouestion: Assuming-you remember
that assunng-that the savings banks
of Maine invested s1,Oo0ooo in Illegal
securities. and the State bank eyamln-
or did nothing to prevent 1t, do Won
think the people ought to elect Gev-