The Columbus courier. [volume] (Columbus, Luna County, N.M.) 1911-1920, 1916-10-20

WA ""H sOui purpose IN go
ing th"rc?"
a Il went there Tor the pm Jose
OF asceriaininR. II possible. the cundi.
ton OF the bark. the condition OF the
paper as shown by the combined re.
ports OF the Two examinations. the eN.
a"mihations by Mr.. WOoters and MI.
MCCHrty."
MI Ernest and his assistant.
WOoters, had estimated that the com.
pared reports OF examinations into
the Las Cruces bank by Wootrrs and
McCarty showed that the impairment
OF the capital stock had increased ia
loo per cent In January, 1914.
y n governor went with you2'
n Yes, sir he was there
Y Did the governor often go with
you IN investigating banks"
A. 40. sir"
dId7" ''"' '"' ONLY ''"' he ever
A THAT is the only time hive
Oreu with the governor IN connection
with any banking meeting
Q What about this bank AT that
time, was Of such a nature AZ 10 re-.
quire the presence OF the governor
there"
A Why, ! don't know he was
going down at that time. under.
stand"
Thus II may be that the imputatiuu
that Governor Mcdonald was goaded
into having Il look az the Las Cruces
bank does him an injustice Perhaps
he merely happened TO be- going that
way and did not make a special trip
10 bother himself with the status OF a
shaky bank, the depository Of State
Noll"E" funds, and with coo innocent
patrons.
Mr.. Ernest's Thrilling Tale.
To resume Mr. Eruest's THRILLING mar.
rative about how he and Governor
Mcdonald went to Las Cruces to IN.
Neslipate and then went away again.
oueStlon Did you know that had
written the governor and had sent
him a copy o. MrCarty's report? ?"
asked Reed HIolloMan
Answer no. ! didn't know hat YOU
had sent him u copy OF McCarty's re-
port. He had seen the copy that Nc.
Carly sent me, although he said ne
had received a letter from you. lie
told me that"
The governor had TWO copies OF
McCa.ty's report, telling about the
$50 per cent impairment Of the First
State Bank. the queer notes and all
that.
Q Did he express his opinion AZ
that time as to what he thought rpla.
tive 10 the condition Of the bank or
that something ought TO be done?"
A. Not particularly no. sir
Governor Mcdonald was certainly
standing by that political bank" not
him TO say that something ought 10
he done" about a bank that had on.
tributed to his party's campaign
fund and then paid itself back with
interest from the states school money.
Q What did you do?"
A. 81 got down there in the morn.
ing, went to the hotel and got my
breakfast and went over TO the bank.
{ presume | Eot Over 10 the bank
about half past nine or II quarter Of
ten. / using this combined memoir
andum statement. | might call II. Ls
a basis. | first wanted 10 verify tie
amount OF the Smith paper and other
papers. whether there had been any
change one way or the other between
Mootcrs' and McCarty's statements,
and The time was there, and !
worked there, excepting the lunch
hour, until about 80 or ( o'clock,
when ] had Il meeting OF The board Of
directors"
Ito, hum. a busy day for the trav'
cling auditor and bank examiner.
Q Your estimate al that uE.s
49,. fl.r fI.. ...tff4I ssf4.f U.ua ltH.
Iaired 100 per cent?"
a. My estimate at hat time
there was no estimate al thai time
as far A. was culCeIuyU
Q You we've working on An est.
mate, though pee
4 This combined s"larcl,"I sou
are now finding this Il u T.rai here
is based on the face OF o., report
made by MIR. Wootcrs and MIR. Nc.
Cur'y. assuming that everything thai
MAS said in those reports as q the
value OF the paper was correct up 10
that time"
O. Assuming that il showed an
impairment OF $50 per cent"
4 ON that presumption; yes, sir
O. Then at that time YOU were
going on the assumption that Il was
l50 per yrut impaired"
Il really made 10 difference what
Ernest's estimate Of the impairment
was. He never did anything about
rectifying il. Neither did tt, Cove!
nor.
Mr.. Ernest here related now he
raivcly inquired OF the directors OF
the bank II certain notes signed by
men brrs OF the smith family and
their allies were GOOD. and received
their assurances that they Were son.
Ernest WIS suspicious OF the no;rs, as
witness this biz Of testimony
Q NO you did suspect at thai
time That the Smirh pUpef wasn't good
and told them so?'
A. THAT is all / did yer sir
told them frankly / didn't mink the
Smith paper vas good"
And that vas all that srneft did do
tell them that the Smith paper was
no good. NE didn't clu'S tht bank
he told them he didn't think the
smith paper was good And the