Bonners Ferry herald. [volume] (Bonners Ferry, Idaho) 1904-current, 1921-02-22
HIGH FINANCE
CAUSES FALL
LOCAL FARMER MUST STAND
TRIAL FOR OBTAINING MONEY
UNDER FALSE PRETENSES
SKIPPED OUT JANUARY 30
Arrested Sunday at Kalispell by Sher-
iff w. X, Martin,

Judging from a story that has come
TO light the past week, one does not
always have to travel to Wall street
to find examples of high finance. 1t
is alleged by those acquainted with
the story that a local Boundary coun-
ty man is quite an adept at the old
game of securing money by ways that
are dark and devious.
According to the allegation Archie
Nester, former Boundary county
farmer, is the artist in high finance
and the Oregon Mortgage company
of Portland, Oregon, and two or three
local people are the lambs whose
fleeces have been sheared. Nestor
had a ranch in the Cow Greek dis
trict and made application, so the
story goes, for loan from the above
namel mortgage company That being
their business, they sent man to in
vestigate the property offered for Sc
curity. Upon his arrival Nestor took
him to the ranch formerly owned by
Mrs. Lydia Bush, and it is alleged,
passed off the Bush ranch as his
property, first stating to the Bush
family that he thought he had pur-
chaser for the place and wished to
cuOW uiul ONCl lt ao a. lSouAt hC
secured the loan, some s3500, while
his own property is worth not to ex-
ceed $500. When the loan was made,
the Oregon company instructed George
Wade to write insurance for the place
and included in its letter to Mr.. Wade
a drawing for his files showing the
alleged Nestor ranch and improve
ments, also stating that it would not
y. H. IL. xlr<,
examination of the property to be
insured.
Matters drifted along and finally
Nestor made application to Mr.. Wade
for increased insurance, whereupon
Mr.. Wade began to make inquiry as
to whether the value of the Nestor
property would justify granting Mes
tors request He mentioned this in
conversation with Mike Fitzpatrick
one day and Mr. Fitzpatrick asked to
see the drawing heretofore mentioned
AS soon as it was spread before him
he remarked, why, that is the Bush
ranch" Needless to say Mr. Wade
at once took steps to cancel the in
surance and notify the Oregon com
pany
In the meantime Nestors talents
were not lule. III is TSpOTleQ Dy lOCd
people that he had secured loans
giving as security in one instance
several head of cattle, carefully de-
scribed, which he never possessed.
Another loan was secured on team
of horses likewise not owned by him
One of these mortgages became due
and was foreclosed, whereupon Sher
iff Fisher went to the Nestor place OF
Saturday, January 29, to take posses
sion of the property given as security
Nestor was very accommodating bu
asked that he be given about 20 min
utes time before delivering the prop
erty to the sheriff. He went into th'
house and from that moment both h'
and his wife disappeared, and moth
ing has been seen locally of then
since then. This was before his al
legged dealings with the mortgage com
pany were known, and the sheriff
wondered at his disappearance.
Later the sheriff's office learned
that Nestor and his wife had takei
the train at Katka January 30. Las
Sunday he was arrested near Kalis
pell by Sheriff W. r. Martin of tina
place upon information furnished b,
Sheriff Fisher. Yesterday Deput,
Sheriff Osborne went to Kalispel
after him and returned this mornin
with his prisoner.