Show declines a good lon Omah aJan 11 john W doane one ot the receivers ot the union pacific aa last week reelected re elected provident prot ident of ahe merchants loan trust company of chicago which position he declined iced to accept for one year at that time it was reported that while the president ol 01 that corporation be bad been a heavy borrower from the funds of the company and that be wa also involved in the deal which caused tha sensational failure of the diamond match company last bummer today mr doane eaid that there was not the slightest truth in the latter report nor so far as he was aware the foundation for such a etory lie eaid that he bad been le elected president ot the company and tor personal reasons declined the position he had telegraphed hie refusal from while be was here list week he emphatically denied that he had been a borrower from the funds or that be bad been in any way connected with the failure of the diamond match company he added that a correction of the erroneous had been made in chicago |