Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-10-28
over to creditors and when the La
bilities were about $4,000.
Born on n Farm.


In the cross examination it was re-
vealed that Mr.. Boggs was born on
farm in Boone county and spent
his early life there. He graduated
from the Boone high school and AL
bion Academy and attended school at
Cornell College and the Cedar Rapids
Business College. He came to Water
loo in 1896. taking positions as PEN
manshlp instructor in the west high
school and the Waterloo Business
College. In June. 1899. he began work
as auditor of the W.. c. F. & n. Rail-
way Company and after two years also
became treasurer In the spring Of
1910, he resigned TO give his entire time
to the granite business. which was or
ganized by him and Mr.. McLoud in
1906
Mr.. Boggs stated that it took him
some time to get fully acquainted
with the conditions of the company
after he took charge, for he had to
spend much time on the credit end.
\ trip TO Vermont where a difficulty
with a granite company had to be
adjusted consumed several weeks,
and afterwards he was busy in the
local field, charging the scope of the
business and putting on more travelling
statesmen. II was his hope tina, he
could increase the sales 10 a point
where the business would become
profitable, so that he could pull the
corporation out of debt.
Amounts Owing to Banks.
In April. 1910. Mr.. BoggS stated that
the company was owing banks the fol-
lowing sums. dollars only being givsn:
Security Savings. Waterloo. SlI0o
Black Hawk National ......... 400
Hawkeye Investment Company. 2.445
Denver Savings Bank ......... 2,1S7
Tripoi State Bank ...... S.67i
Winthrop State Bank 1000
Waterloo Savings Bank .... $50
Citizens Savings Bank 1900
You had a general knowledge of
the business in April, 1910, did you
! not?" asked Mr.. Arbuckle
Yes. sir"
"Pou believed then that the COM
pany was solvent, didn't you?"
I certainly did"
On the Redirect it was disclosed
that Mr.. Boggs based his hores on
his expectations Of greatly enlarsins
the scope of the business of secur-
ing statesmen competent enough to
close most OF the $4,000 in pros
, -
statesmen on previous trips of inspec-
ton. and OF vastly increasing the in
come.
We thought by doing this" he ex-
planned. I'VE could pay all our obliga-
tons"
And that expectation continued un-
I'll Your business stoppedo"
Yes. sir"
Ar1t> ,N,
Claus Primus. cashier OF the Farm
ers G Merchants Savings bank OF
Wellsburg, which had loaned Mr.. Boggs
$3.50 in June. 1910, was called Wit
ness did not know Mr.. Boggs or the
company prior to then. BogEs, he said.
presented letter Of introduction,
and over this point there was a con-
troversy over the adnissibility Of evil
dence The plaintiff stated that it
claimed that the alleged damage done
by the jameson letter was continuing
in Its effect. Lawyer Williamson OF
Grundy Center, conducted the exarin-
alton OF Mr.. Primus and argued his
position before the court. Mr.. Love-
JOY also argued il, and Judge Ransier,
for the defense, stated il was not pos
sible under the pleadings, or under the
opinions o. the Iowa supreme court, TO
make a claim for continuing damages
under the statements in the letter
which was written June 90. 1910. and
presented that day to the WeIlsburg
cashier.
! Judge Mullan adjourned court to
permi. the attorneys TO cite author
tiles.