The Fargo forum and daily republican. [volume] (Fargo, N.D.) 1894-1957, 1914-04-29
MORE EXPLAINS

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Continued From Page One.
Sunday, as they were both working in
a good cause, the completion of this
deal on a good day could do no harm,
particularly as DR.. Guild desired to
hurry away as soon as possible,
f. Had $4,000 to Invest.
They repaired to the hotel parlor on
the second floor, where they sat part
Of the ime and part Of the time out
IN the balcony overlooking the street.
DR.. Guild, said Mr.. More, told him
he had $4,000 to invest in some good
paying proposition. This he said was
not a Generally known fact as he had
never told his congregations that he
ever saved any one The witness
said DR.. Guild told him it wasn't a
good thing for congregations to know
their ministers ever saved a dollar,
and that all his savings and invest
ments therefrom had been made
through outside friends in his conf
dence,
He said some of his investments
had been made in Iowa and were in
the form Of gilt edged securities in
Des Moines which he offered to Mr..
More in payment for The Courier
News. Mr.. More said he informed Dr..
Guild he had understood that it was
to be a cash transaction and that he
was disinclined to consider anything
else.
However he said he finally agreed to
accept these securities after an ex-
animation of them which should be
dnr1a fhrnIIOh fhn Nnvthnrn SAVINGS
bank. .
Guild Withdraws.
The next question arose as to the
controlling ownership Of the plant. Mr..
More said he held the paper at $4,000
and would not yield in price.
DR.. Guild had only 100000 SO could
not buy the amount Of stock he would
like. .... .....
Dr.. Guild, said Mr.. More, absolute
ly refused to go into the deal or any
deal wherein he could not have con-
troll, SO he withdrew from the negotia-'
tions. Mr.. More said hat vas Sum"
day night.
Leaving DR.. Guild in the parlor. he
clerk and got enough money to refund
to DR.. Guild for his transportation to
and from Toledo to Fargo, as he had
agreed to do. He expected that would
end the entire transaction. 4
Guild Calls Up.
The next morning at 1880 o'clock he
said on reaching the Office of More
Bros, he received q telephone call
from DIR. Guild asking him to come
again to the hotel and talk this matter
over once more.
Mr.. More said he went to the Wal
dorf hotel at s o'clock and he was
in conference with DIR. Guild until
without interruption. They lunch-
ed together at the hotel after which
they went to H. r. Turner's office. i
Comment on Books.
At Mr.. Turner's office Mr.. More said
DR.. Guild commented to him IN the
amount of money he (Mr. More) had
invested in The Courier-News. He
said DR.. Guild had by that time made
examination Of the books and stated
taht in all but a couple Of months the
books had shown a loss, but on two
months there had been shown a profit.
Mr.. More said he told him perhaps
the books did, show profit for those
two months but that in reality he
thought there was an actual loss
which the books did not show.
He said they finally arrived at an
agreement though after the prelimin-
airy contract had been signed by both
DdTL16S duOLuGI ulSputS dIUSS DIS 10
certain me- tters. Mr.. More said DR..
Guild wanted the advertising accounts
and print paper. These Mr.. More. said
he took but yielded the subscription
list and collections to Dr.. Guild.
Stock Proposition.
One OF the schemes launched was
proposition. Mr.. More said he
was not sure who it was first pro-
posed this, whether DR.. Guild or him
self. AT n arte,: he said 1t was
agreed upon.
Mr.. More then stated that DIR. Guild
wanted a guarantee that Mr.. Baker
would stay with him at least for six
weeks. Prior to that time Mr.. More
said Mr.. Baker had told him of his in
tention of leaving The Courier-Ne
as he could get a better proposition
somewhere down in Kansas. He said
he told DIR. Guild of these facts.
The stock proposition. as explained
by Mr.. More, was that $1,000 was to
be taken by the witness, and $4,000
could probably be arranged to be
taken by the progressives Of the
state.
Mr.. Turner was to get out the cor.
poration papers, DR.. Guild was to get
UP the stock certificates inc seal and
Mr.. More was to get another ancor-
porator.
Met in Minneapolis.
On Aug. 5. 1919, he said ne went to
Minneapolis and there again met DY.
Guild at the West hotel.
He said he explained to Or, Guild
about the ST., 900 entry and that it wa
agreed by the doctor that the entry
should he made upon the books lie 1t
was Legitimate. That night he said
MIR. More went on to Charles City.
Ia, on a business trip.
The $1,000 Entry.
The $1,000 entry In detail, said Mr..
More to the jury, was that during his
year OF ownership of The Courier
News More Bros, had carried X
.tensive advertising matter in that pa
per. Some OF these ads were quarter
page some half and sone full page.
whenever any of their big auto
mobile lads appeared they would
order many extra copies and send out
to the implement dealers all owe the
state.
Mr.. Baker had told him several
times, Mr.. More said, that these pa
pers had amounted to about $1,000 and
should be charged up to the paper.
When he saw DR.. Guild In Minnea-
polls, said Mr.. More. he told him of
this and said he would like to make