The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1916-08-25

w. J. Hatch and J. H. Doyle, rep
rresenatives in Idaho Of the Inter
Mountain Rural Credit association, of
Salt Lake, were placed under arrest
about midnight Saturday night. The
States Marshal c. H. Arbuckle of
by Postoffice Inspector H. f. Bal
lard
The arrested men were kept under
guard the remainder of the night.
Sunday morning they were taken be-
fore United States Commissioner Al
fred F. Stone of this city. Hearing
on the complaint was fixed for Thurs
day morning, August "a. Bond was
fixed at 100000 for each and was
promptly furnished.
Investigation by Griffiths.
Prosecuting Attorney Griffiths has
been investigating Hatch and Doyle
for some time past. Until Saturday
he was unable to get evidence which
warranted him in bringing the matter
to the attention of the postoffice au-
thorities. Mr.. Griffiths caused the
postoffice authorities to investigate
The matter has now been turned over
to United States District Attorney J.
L. McClear.
Office Established Here.
Hatch and Doyle have been working
in this section for some little time.
Only recently they opened offices in
Caldwell. Their city office is located
at 517 Kimball
1t is stated that prosecution of the
men will be undertaken on the ground
that they have used the mails in at
tempting to obtain money fraudu-
lently." There have been no develop
ments to indicate that evidence can
be adduced in effort to prove the
actual taking of money illegally. 1t is
pointed out that such evidence is not
necessary to convict on the charge
made by the postal authority.
Complaint against the men is large
ly confined to allegations of misrepre-
sentation contained in letter sent by
them as assistant general agents" of
the INTERN Mountain Rural Credit as
ISOLATION to one Victor Gardner of
this city. In this letter, it is claimed,
Hatch and Doyle assert that By pur-
chase of stock in their association the
buyer may obtain "a loan of $500, at
per cent interest, for from five to
IS years, prepayable in installments.
Misrepresentation Claimed.
AS proof of Misrepresentation the
complaint quotes portions OF the
Gardner letter in which the accused
men asserted that their association
has Obtained a charter from the
United States Rural Credit commits
sion in Washington under the new
farm loan law. The prosecuting fed
eral officials will, it is asserted, show
that the farm loan commission has
not yet organized its banks, and has
granted no charters.
agents" claimed that their organ
ization SIS now under government
supervision as federal joint land
bank and practically under the same
laws as national banks" Then fol-
lows this reassuring sentence. OF
course this change now absolutely
guarantees to its members that all
loans will be made as promised.
Old, Old Game Tried Again.
The Tribune is somewhat surprised
that the attempt should be made to
do business in this vicinity on the
plan used by these two men. 1t has
been only a few months since The
Tribune fully and completely exposed
the Empire Home Company of Boise
which was working a similar game.
The exposure of The Tribune re-
suited in the Empire Home Company
being put out of business by the state
bank examiner. At the time The Tri-
bune discussed the plan of these loan
ing companies fully and completely,
There is very little excuse for any
person in this section of the country
investing his money without knowing
exactly what he was doing.