Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1913-10-24
TRIAL OF CASE OF MORRISON
BANK AGAINST w. r. JAMESON
BEGUN At WATERLOO.
LOAN or $4,000 MADE
ON STRENGTH OF LETTER
Jameson Charged With Recommending
That loans as Made to eeass and
Iowa Granite Company When Firm
Was nsoIvsnt-Frisnss Of sosss
Claim He Was the "Gcat" in Scheme.

waterloo, Oct. pa sequel TO the
famous Boggs case in which it was APP
parent that Boggs and divers other
persons endeavored to gain vast
wealth through borrowing large sums
Of money on doubtful security. is being
heard in Judge Mullan's court in the
case OF the Farmers Savings bank OF
Morrison VS.. ". R. Jameson.
This case has attracted state wide
attention because OF the many banks
which loaned larse sums OF money to
Z. A. Boggs. formerly president OF the
Central Iowa Granite company. Mr..
Jameson is being sued for $4,000 and
interest since May. 1911, by the Far
mers Savings bank OF Morrison: plain
tin alleging that because OF certain
letter addressed to /. the bank and
written by Mr.. Jameson as president
of the Citizens Savings bank of this
city. losn Of $4,000 was made Mr..
Boggs. The letter, which is an i'm
portant part OF plaintiffs petition
reads:
Waterloo. Iowa. June 90. 1910. MI
X Z. Reimes. cashier Farmers Saw
inss bank. Morrison. Iowa: Dear Sir:
The Central Iowa Granite company is
doing a large business in your terri
tory and have very good paper to
haac!e from time to time. They are
good customers of this bank and have
suggested to Mr.. Boggs that what
ever they have done there be done at
your bank. They are thorough re-
ia Die and good for any arrangements
they make with you. Just now they
are ou!lng up large supply of mon
umen1s for their fail business and. Of
course. use considerable money. Their
business is very large and this stock
IS rapidly turned into money again.
ANY Iavors You may show Mr.. Bogss
VIII De appreciated by me and 1 shall
De glad to turn YOU any favors l can.
w. r Jameson. President"
Upon The strength OF the recon-
menoacons included In the above
letter. plaintiff alleges a loan of $50.
600 was made to Mr.. Bogss. The .ur,h-
er allegations are .made tina. W. r.
letter OF decentralization. thar all
statements made therein were r.au6n-
lent and made for the purpose and
with intent ia induce the bank 70 loan
money to Boggs. Also that Jameson
knew that the company was no. do
ing a large business In .ha. territory
and did not have good paper to han.
Gle from time to time: In fact had no
GOOD paper.
Continuing the petition states that
Jameson knew that ,1Boegs was NOT
ana had not been a, good customer OF
me Citizens Savings bank at Waterloo
and that the Central Iowa sG-snire
company were not good, for any ar
rangements they might make. but were
wholly insoiyent: were not buying
largo supply of monuments, but were
only buying small supply; that the
business was not large and the stock
not rapidly turned into money again,
and that the Morrison bank believed
Mr.. Jameson's word in the letter and
loaned Mr.. Boggs $4,000 which the
bank would not have done had il no.
been for the letter from Mr. Jameson.
Believe eesas "Geat."
T Mr.. Boggs has many friends In the
city who believe he has been made
the goat" in the game OF high
finance" They believe him when he
says he is poor man and that he
| has lost all the money he ever accum :
ulated. both in the business and by
| borrowing money from the banks.
Mr. Jameson Is prominent in the city
and throughout the state. He is state
| treasurer Of the Business Mems Tenn
pe-ance association; also q director
j The association locally had nearly
| fifty thousand dollars in capital stock
/ in force ct the time the third annua.
statement was issued in June 1913. Ite
came to Waterloo from BOWS, Iowa,
where he had been associated with
/ his father and brother in bank. He
was one Of the principal organizers OF
/ the temperance association.