The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-08-11
Tall F1nuneieringy Heavy Operations I'm Jer-
seq sand Landss

Tall F1mansier,ns. Heavy Operations in Jsr-
ASTOUNDING DsvELoPExBNTs RICH, RARy AND
RACY RE.D!! READ Read! :!
From the PhilAo elpha News, Aug. lol
Yesterday afternoon, three men, named Ewood Nat
lack, Clayton Allen (rrustees) and Nm F. Johnson,
(sec'etary) OF the Weymouth Farm and Agricultural
Company, had hearing before Alderman sssouesl, Of
Ter, with oeh auding the above company Of SloS717, in
the following manner
company advertisement appeared, that Messrs Ste
phen Colwel and Walter d. Bell, Of this city, had large
tract Of land in New Jerey, in the vicinity Of ocwe!l
selling. Messrs. hatsck, Allen and Charles X lands
we're appointed trustees OF the Company 70 purchase the
above land at the smallest price Al subsequent meet
log Of the stockholders, the above gentlemen reported
that they had ade arrangements to purchase the land at
IL minimum price-sl0 an acre They were ordered 70
buy 1t, which WAS accordingly done. Some time since,
by frequent conversations with Mr.. Cowel, vas die
covered that the trustees only him IS ana 81 20 IN
acre for The whole tract Il alleged they pocketed the
difference, making IN all the sum Of slo3,7I7.
Prosecution w at once commenced and at the hearing
yesterday the following testimony was elected -
James McClap, after detailing few Important facts,
testhedl called Mr. Oolwells office and he stated TO
me that the defendants bm S. and 81 so an aero for
this land; told him understood there we're sixteen
bonds executed way by defendants a1i The
company made responsible for them he sAd hs be
eved there were sixteen bonds said you have eight OF
them, and prey where the other eight he said 6e
did not know cav bosd No l. for Si3,la0 told Mr..
had reason to believe he had the ninth houd he sad
them those bonds for their trouble and compensa
TOM too him that not rghtthat the sVsckholi
e, did not suppose had any such idea as 70 give them
any other compensation than that which they received
at the tne Nj Allen SAID he did not expect to
get sny compensation except that by the increased
value Of the land; be would own ten shares, and
hat be intended 10 maize plantation whi,h he would
not be able 70 buy unless the comoany you'd take the
whole Of the lsnd he expected the company would give
him living salary for acting as secretsry the prize OF
land acquired IN be from dollar TO dve dollars
acre; at o regular meeti OF the stockholders, held IN
October last Mr. Matack said be had t~otnpsapd dollars
belonging TO the company, and that he intended TO keep
IT, Of the committee appointed 10 nvest gate che
alter On going " the Office day 70 obtain some hooks
and papers belonging to the company Mr. Matlacz, <ho
was treasurer said he he'd the books and papers in The
sae and the key 10 his pocket and there he intended 10
keep il; Air Brand told ne be had bean ioiog sou,e
business tor them that they had paid him Off Ia
the books of the wey mouth Farm and Agricultural Com
psny; he did some tin work for them; Mr. Umburger
told noe they owed him some money, and the, gave him
credit on the books of the company; al another meet
ing Mr. Allen said he would receive q compensation
and II be cid not get il from the eoockholders ne
would get IT from xr Cowei Br John aarps- told ne
that be offered four housaot at dollar per
acre. M Jones told me that there was land IN the neigh
borbood that could be bought for Que dola- per acre.
oHn four shares two Of shch purchased lately for the
two first bought nave paid s3l2 great many induce
mens bed cut to persons IN buy this land By the
defepdspts Messrs Allen Laods told thai
facurers from the Fast and West and from aarayH, in
tended to locate Their business there snd they intended
to build factories on the ground; Isuoooee would lake
two weeks 70 exsmps the ground they sad tha il
well adapted 70 farming az any land in Peans9lvau or
10 get hold Of IT, and found ss many lnxious TO GET nd
Of t.
Mr. Geoyge II Earle, cocpssl for the Company, hero
read declaration OF trust, sgaef by the dsaudsns,
kpo.ledeng themselves to be trustees Of tns SAL con-
psDy
Nessrs CoIw ell and Bells rames were called, bet il
proven they we're out oftown
VIM. q. Kern, sworn have one aud a half saares IN
the company received note from Ne CowsA ssSirg
20 call and BIN Old 80, aud after sone
saop ked him a, what rate she land bad been sold
and how he intended 10 settle the dcu TYP he told
he wished 70 lose nothing and that be promised these
gentlemen consideration If they sold tee land ne ala no
specify any amounts me- he said they bad purchased
the land before they hal offered fer sae Ar Alien told
he wou5 receive other remuneration than salary
Of 81 for acting a. secretary, which osieve ne id
receive
John rhackara, sworr--I live on this and ois-ed 5y
this company bought my tract ~ 700 acres tie 18th
Decen, ber 1853 and moved on Tho sta OF March
following; paid ss so an acre st the tine that my part
per Mr. Bep anlD Y Sawyer aud myself were looking
at the land and while riding In the carrSg, accompanied
by Hr. willism Hoore, the agent and manager
iron works, aod abou, two and half miles from where
now live Mr.. w. remarked, Sweeping his aneer ,und
ss GSun Ss n sss 70 buy farm and vas re
commanded TO Mr. Co~ell; went 10 hin at his office
Water street, and be told me TO go TO Wm. Moore, with
whom could make arrangements 10 purchase told
him did not wish TO 90 down for nothing ~ was poor
man; be said Mr.. NJ ana could agree ihere would be
done great deaf OF business for him. aud was s,,s.sd
with what Mr. H. did the land he offered me for 81,
Of course not az good that which bought; land Cd.
So per scrc have been informed tia, land ~ veil 81
tualed this could be bought low % per acre;
whether the title vas good; ] engaged Mr. Abram
Brown, OF Camden. and, sfxr . good deal Of ex
CoiwsiI ana .Eed him how May bouds we're asd
against tho company, and he told me eight; ~
certaired the amounts Of these bonds; No Inst,
aner bad been csuceed amounted 70 st3ib0, s,d the
others Sl3l each hN was ell tha. Mr. c held Agsinst
the company for the paymeu, Of the land he held another
bond which think No. or To- he had loaned them
500 900 for purpose Of helping them along building
the Weymouth Hotel 10 paying for the surveying Of the
tract 10 opening road, Ana N Pay1s M as ,a1
did build the hoelthat was built By private clock
company, and satisfied him Of this BY showing him my
had paid tho tax-tha had been pad sm tie funds Of
the ASSOCIATION We told him further thst hey had
opened the roads that the company had done thai also
that they had done mprov emeat, except rs 70 aer
company he said he a. onisnei they Coz on. Of
the company $3.50 for work which they lever Oh;
have heard Mr. Aeu ssy that be mad no moro a.orsst
IN the purchase and sale % tho lsni thar bal the
auditors report appeared, not With TIER names,
but over the name OF william y Jonnsor, sscrsA7yj
tho that they had No. su5.si the bvozs,
was one Of committee appointed N nyeszz.e The sfs-s
OF the ASSOCIATE n going to The oce hr hslsck said
key was ia bis pocket AMI there he intended 70 kssc ~
Mr.. Johnson Wkei IN relation % zone pagers, aud
was told we Intended 10 have them that We we're 10 Fss
eating the affairs of1the association sni he ga he rould
take the responsibility furnished TIE store Ter tue hotel
At Colwe Was 20 ordered 10 DO By Mr Aller, Gs "A
officer Of the company then rendered my bill; 30 told
would have 10 tao shares Of stock the hotel
which declined, being a temperance man. be assured
me would be temperance hool, aud would Re rsatsd
for ak hundred per Gnnuu, which would ray handsome
Interest," then took them; sas paid part IL cash srd
p-r IN the Weymouth Company pager; some o. MP az
courts we're turned sround the scoogut u The con
psDy; Mr.. Alien owed oil for stones. which dr
Gibbs told me offset on his account
The case was thea adjourned until rcrt y,nisy. u
great doal OF excitement among lie stockholders
Of Tie company.
Naval Intelligence.
aff lfaN Tarf Irtrr
lyn Sabine f5no Brazl statO1 me