Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1912-10-24

tine same associates.
These records also show that in as
ISOLATION with Robert Lansdon, former
secretary of state; B. F. O'Neil, now
in Jail awaiting trial upon numerous
criminal charges; Leo Cramer, now
serving sentence in the penitentiary
for violation of the banking laws of
the state, and others, this same John
M. Haines or others and the officials
of that institution so manipulated the
conduct of the Idaho State Bank of
HALEY that that institution was wreck
ed, Cramer was sent to the peniten-
tiary and others associated with him
are awaiting trial, and the depositors
of that bank have received no divi-
dends, although the company organized
by Haines and of which he was its first
president and of which Lansdon was
it's first vice president and of which
O'Neil, Lansdon, Cramer and Haines
were directors, only about a month pri-
or to the failure of that bank was Sc
cured through mortgages, manipulation
of the funds and otherwise, leaving for
the regular depositors of the bank just
what they have been ever since seek
ing to find but have not found.
In order to give the public the record
facts in this transaction, it will be-
come necessary to mention the Idaho
State Life Insurance company of this
city 1t is desired to have it under
stood thoroughly, completely and EN-
phatically that insofar as the record
here referred to and quoted relates to
that company, it relates to it under
past management and that it in nowise
or manner affects the company as now
organized. As now organized the Ida
no State Life Insurance company has
been purged of the record herein given,
all losses, if any, have been made good
and the company is now in splendid
financial condition, abundantly able to
care for the splendid business it is
transacting and as now organized has
the unqualified approval of the insur.
anee department of this and all other
states where it does business. This
much is stated at the outset SO that no
injutice may be done to Furnishing
honestly conducted and worthy institu.
ton. The record herein disclosed has
relation only to the Cuisines con-
duct of John NJ. Haines, the Republi-
can business candidate for govern
or of Idaho
Facts Given in Report
The facts are disclosed by joint
report, now on file and of record in the
office of the Insurance Commissioner
of the state of Idaho, which report was
and is jointly signed by F. r. Hough.
ton, actuary and examiner, insurance
department, state of Washington, and
approved by Willard Done, insurance
commissioner of the state of Utah, and
by E. J. Phelps, deputy insurance com.
missioner of the state of Idaho, and
upon separate report made by F. r. |
houghton, actuary and examiner of |
the insurance department of the state
of Washington, which report apparent
ly was made the basis of the second |
and subsequent report signed by each
OF the other two state officials herein
named.
The facts, as disclosed by this joint
report and by the separate report made
by the Washington state officials,
show that John NJ. Haines, Robert
Lansdon and five others who are de.
seribed in these reports as .lot of
professional promoters" who "were
attracted to the field of operations by
the fact that there appeared to be a
lot OF easy money lying around and
neld by the people who had secured it
through the natural industries and de.
veiopment of the state,o organized
themselves into promotion company:
that they selected one of their number.
John NJ. Haines, to act as trustee Of
the Idaho State Life Insurance com.
pany' Limited, not yet organized but