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For Alleged Libel. CHICAGO, ILL., Sept. 23.-Rockwell Sayer, president and general manager of the Farmers' Trust Company, began suit to-day against William T. Steward, a stockholder, claiming $150,000 damages for alleged libel. A few days 'ago Steward filed a bill asking for the appointment of a receiver for the Farmers' Trust Company and alleged the misappropriation of $20,000 by Sayer and the unloading of Sayer's bad investments upon the company. Sayer denies all the charges.
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Farmers in Trouble. During the past few years a large number of loaning companies have either made an assignments or gone into the hands of a receiver. A few of the heaviest failures were, The Globe Investment Co., of Boston; the Farmers Trust Co., of Chicago; the Northwestern Loan & Guaranty Co., of Minneapolis; the Security Trust Co., and the Grand Forks National Bank of Grand Forks, N. D. All of these companies had loans in this county and now many farmers find that they have paid interest and some have paid principal on their loans to the companies or to the officers of the companies after the mortgages had been assigned to some one else. The farmer holds a receipt from the company and now the holder of the coupon is coming forward and asking payment. In many instances second payment will have to be made. All of this trouble could have been avoided by borrowing of McCulough, at Milton. His loans are payable at Milton and when you pay you get the coupon and then you know you are safe. No bonus or commission charged. Paper drawn and money paid within fifteen minutes after you reach his office.