The Idaho recorder. [volume] (Salmon City, Idaho) 1886-1927, 1918-07-12
THE WICKED PARTNER
or MR.. Pigs.

Mr.. Pines, the banker. comes back
NJ The Recorder with the statement
hrst-paged in Salmon this week that
the publicity given TO his connection
with the Lemhi county bond sale
scandal In howl.
Of real newspaper. however. TO
publish the facts as they are Of rec
ord In this matter and this Is exact.
~ what The Recorder has done. The
bowling comes altogether from per-
sons who are hurt by this exposure,
which Il not. we must say. credit.
able one to Mr.. Pipes.
In this rejoInder OF the Salmon
banker we have II over his own sig
nature that his bank With Keeler
Eros. agreed TO pay $4,000 for Lem
hi county bonds at the rate OF 5i4 per
cent per annum 10 the date OF deiIv-
cry. and that the actual delivery
took place on the second day OF Ju.
ly following. Any school boy with
pencil In hand Will reckon the In
terest for this period. which Is six
months and day. at s4.14760.
which added to the original princi-
pal of the bond issue. amounts to
$l5f. 1880. which last amount
should have been paid for the bonds
according TO the published state
ment of Pipes. But he admits the
payment In connection with the
sale thus made amounted to
s1ba,69t.05 only. making difference
OF exactly s553,55 In favor Of the bid.
ders and against the county, instead
OF s366l6 as stated by Pipes. We
will let the courts determine the ex-
act amount. however. for the final
accounting with this gentleman with
the county treasury. He ungenerous-
ly bIames II all on keeler, at the
same time casting some slur upon
the good name OF a county official.
who. We are very sure. has never
profited directly or Indirectly by the
short change trick or in any OF the
tricks leading up TO the bond sale.
The fact remains that Pipes and
HIS partner bought the bonds and
undertook to pay for them consid- /
erably less than they had contract,
ed 20 nay. That IL the long ard the |
short of the story. Pipes says Keel /
er Ii bad, What the opinion OF the
wicked partner OF Pines may be !
we may only infer, The representa-.
Tive of Keller who was In Salmon nj
the time OF the transaction took
place told the reporter that he had
10 buy the bonds through the Pipes /
bank In order TO stand all rigat AZ
the courthouse, Each OF the part. |
ners might have been Of the opinion |
that the other was crooked. for their
Joint bid was crooked on It's face.
Tor II provided that the bonds should
be paid for In Certificates of depos-
Il" and not hard cash and that the
small premium they offered 'inciud- |
I'd the accrued interest" In other |
words they sought 10 get possession !
" the bonds with the interest cou.
pons attached and not pay red cent
FOR the coupons. for their premium
to less than the interest
covered. Other bidders specified hon
esily and explicitly that the coupons
were counted on ire right side of
the transaction and that they were
10 pay cash on the bonds,
That was bald. shameless trick
attempted In the pipes.Kee'ef bid
and but for its exposure at the time
by this newspaper would have pass.
I'd uanottced. And vet Pines himself
stoutly argued that his bid on that
occasion was the highest bid Offer
I'd. even with this joker In II. and
when eornered and trapped made
the excuse that II was an error OF