New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-07-10
xr.. ..Nx. IN TnE OIL REGIONS.
The Hon. &. v. Culver In Jail.

Correspondence OF The y. I, Tribune.
MEANWHILE, Pa. July J. 1893
II man is down. kick him, push him. strike him.
anything TO help his downward progress Fac' deoHsss
arern. let's make it much the easier for the pee
devil who is treading that downhll road. That is ~
logic of the world. Let me tell you story prove it,
Charles Vernon Culver at the head OF one OF she
most successful banking In York resident
Of franklin Venango County, Pennsylvania, the very
heart the Oil Regions he naturally turned his sttentteo
toward that country, and devoted his energies to It's ds.
ye,opment He established banks, built railroads, laid
the foundation of towns The town Of Reno had Its bro
IN iir Culver's brain company was formed whose
President the Hon. Gausha a. Grow, ex-SPeaker q
the House with Mr. Culver Vice President and Drectox
10 develop the natural Of the neghb0rh0od, -
build up the town. and to make Il the center OF an exten'
sive OIL and lumber trGic-3ll of which promised to BE-
brought about at distant day. OF this company, MI
Culver was the motive spirit. He projected the ltene
Oil Creek and Pithole Railroad which should drain the
Oil Regions of their oleaginOus product by furnishing
short cut TO market and in this road were large poE
ton of his assets bound up when misfortune came.
You know what Burns says about the bestaid schemes
OF mice and men Mr. Sulyers plans were good but some
OF them went agley He was himself Of the purese
morality with of the personal vices which drain -
the bungh0e what is saved ~ the spgot. He gen.
erous-many a charitable society has had occasion 70
thank God for the bounty Of c. v Culver. There 10
church in process of erection in this city on land donates
bv him. fIe built and presented 20 Allegheny College .
boardinghouse costing 000 His was the money that
has started many poor man in business, and-aa', fox
the ingra,tude of the world some Of these once poor
men are the lOudest IN Teyiling him now.
Mr. Culver is NJ C. from the Twentieth District 9
Pennsylvania comprising the counties Of Crawford
Venango Mercer and Clarion. This office was greatness
thrust upon him. lie did not want -ofered $4,000 fe9
party if the Congressional confees OF the four coun-
ties would not present his name 20 the peoples but ther
hitch in the county nominations which precludeA
the selection OF any of the regular nominees and he
selected the harnonizing lie was persuaas4
to accept the nomination which he did with great reiuc
ance for his head and his hands so full Of business
schemes that he had no time for politics.
The general dulnoss of the oitrade and other causeo
consped to lock up large portion OF the assets OF Cuve
d, 70 i'm pgsibl
II must suspend operations for time az least when tney
hoped the storm would blow over and they could resume
payment with the pablo confidence in their integrity un.
IMPAIRED On the day Of tho failure, Gen burnside ana
anotheri gentleman sa, In Mr.. Cuvers private Once
Thev knew the wants of the firm; $1,000 would cary
safely through the day They volunteered that sum ,nsx
urged its acceptance upon the head OF the hrm Me-
said Mr. Culver can give you no security Tor H.
take IL aud Will not save US Is lost 10 you. ~ woua
he running too great a risk and cannot wrong you
They urged he steadily refused The clock struck; ban1
hours were over; Culver Penn Co.'S notes were pre-
tested and the telegraph flashed the news Of tnen auars
To every part OF the country. 49, 80,
meeting OF the creditors was soon AFTER held IN tnis
city, where kind Of an a,rangemen was entered nc
for the satisfaction OF ther ci"iins i 'n"' n""o'sss
soon amer this Mr. Culver went to Reno, which is only
four or five milc from Franklin, his place Of residences
end gave his attention TO the completion of the Reno Oh
Creek and pithoe Railway which was neid py
Of New-York security for moneys loaned TO the hrm o.
Culver Reno & Co. He had hardly begun upon thus Do
fore he was arrested the suit Of State senator Ihonss
Hoge on charge of conspiracy with intent 70 deaua-
obtained bail and went on Win MS
sg after suit till his patience was exhausted ana tnsn
turned the worrying process over TO James s. Myers
candidate for President Judge Of this district who con-
tnued il in the These were both direc'o
in the Venango Bank of Franklin whose funds were IN
yolved in the Culver failure " ~, c,s
There has been great hueandcry that MI culver o.
.ained the bonds Of the Petroleum and Venango bsn0
s The office of the Auditor General where, according
~ law thew had been deposited by fraudulent means o
The fact is that for every dollars worth OF bonds nkes
from the Auditor-Generals office, duly canceed os -
the banks returned and the bonds were t Ua' ''
hy NJ Culver for the redemption OF those bills. -
On Saturday bench warrant YVES issued aGecans M
cver 20 90 into insolvency under bonds of soOOoO Hs
bsd obtained bail when he learned that other waTana
we're ont the intention being to badger him and bait mn
IN be should turn TO bay when the hunters would get
6,n hold upon him. He determined that the emo n:1
come and that he would seek and accept no s o ;r
but 90 10 ail al once and await trial. HIS ~ne IN IN
ysl resolved TO share his Imprisonment and went 'oIS
And this Christian gentleman lies in jan ine E o,u'ats
magny and persecution; while ms SueaaS LIZ ead %
over tie country false charges or s|has b.rp i1,pru
ono If which they can prove 10 NAY n1se 80 tof
1sr. In ms ness trlusactons be may nave 80
md, MO snorr ltiou: but the man does not I've 49, -
nroye ANYTHING criminal in bis past life OK taass0''H