, 1872-11-26

the winter OF lof4~1; they a1d nos commune sole
proprietorR Of the Northwestern and Mum d
Scott Elevators up to the time Of
r7fr CONVEYANCE ro AgMouR.
.1.1 ....at e ~ C.s~
sold one-fourth OF ther interest to George Dun
lap, and retained the remaining three-fou1ths
Mum Sc Scott owned fiYe-si1teenths of the
Union. Armour one-eiehth. Munger one-eightl,
k1oTag or,a-a;obt1, Wboe1ar fbraa-si1t taenths
n1ss na es,;t, r pnn,sn es onaeatb the ownership
began IN these proportions at the time OF pur-
chase. and continued in the same proportions up
~ +ha trsnsfar the C;tv Elevator was owned
y, 1. a.,s.t:a... -: 49, 41o n,;o,,~.
the Illinois Elevator was purchased
from Hempstead,-Arnour d. Munger owning 3
onartAr Wheeler 3 quarter. Munn l. Scott q
t1-ar.tar .nd p,,c1,, ol,on, a nnar+ar II vaa mi
aua1 te4' a." ~ ~ - -
t1aneterTeo 70 armour MUM d ocott conveyed
their interest in It to Wheeler; could not g1ye 3
description Of the property without reference to
t1,o n.rara ora fo,,r+b ,f +ha Nor+b7vaatarn ,vsa
~ne ~. - =. 1o1 r'..
conveyed TO om1tn q Dunlap; aloiln e''ocots
never controlled the illinois KlEer Elevator;
never ran any other elevators than those NEIL
toned s. ..-.
THE MUM AND SCOTT ELEVATOR
and the Northw estern received gram from the
Northwestern Road the City from the. North
western, the St. Louis & Alton and the Danville
Roads and the Union from the St. LouiB d
Alton and from the Canal made contract with
the Northwestern Road before the North
western Elevator Was built, under which they
were to do the business OF the road that was
one OF the conditions on which they
built that elevator; that contract was
made in 1869 for ten years; It WIS
renewed in 1866; the renewal covered all the
elevators except the Union: gayo the lease to
Mr. Hoyt: in Septemtpr raye him other papers;
Hoyt lid not returned fhem; did not renem,
ber
WHEN Hoyr LEFT THE CITY;
it wss about the 1st Of last October; he was
back and forth three or four days; did not think
OF asking him for the papers; would write to
Hoyt for the papers the original agreement IN
c1uded old man Taylor. Munger bought Taylors
quarter in tho Union and the City after
Taylor died; the Northwestern Railroad and the
proprietoTs OF the elevators were the parties to
the renewed contract Of 1866, the, agreement
elevators were to be run WAS in the hands Of
Ho.;t: Wheeler, be thought had COPY;
{ rHr op1c1EaJ Af;RrE3rpST wAs D1rpfED.
f-he elevators we're aennrated under that apree-
1nent mn to tha t;ne thov went ont Of Munn 4
sootts hands. the BUSINESS consisted in receiying
and resting Grain the grain got ont when it vas
t3e1jvere7 f. yyas delivered at the elevators to
holders of receipts. and nowhere else that he
knew Of; the delivery was into both cars and
the person bolding the receipt; some Of it went
East; when receipts we're not presented did not
know where the grsin went to; would not
answer whether grain went out OF the elevators
without receipts did not think he would
answer it then; did not think It vas . compe-
tent question would not say whether, he knew
the answer to the question OF not; ne did not
choose to answer; under the agreement OF iooo
Mum & Scott we're to be
TIE ACTIVE MEN,
dTa dnd bea the a sne he NorS
Side elevators, Of which there were
three, and the West Side elevators,
Of which there we're four, were q company Of
400 shares, Of which the Galena Elevator,
Wheeler Munger, and ArmouS we're to g Get 15o,
and Union 1885, the reminder to be distributed
among the other owners Munn q Scott ran the
elevators and divided the profits his interest
was worth about 800 900 year; could not ten
who kept the books for the whole interest; the
NorR @ sd @ ds1Ss oa4 heps te q o
Mum d Scott did not run
THE NORTH SIDE ELEVATORS;
there was set Of books for each warehouse,
showing receipts and d1sbursements, and n gen
counsel could have the books il he wanted them !;
the books could tel more than be could;
none Of the West Side elevators we're :o burned ne
that be had an interest IN; the North No. Side els,
I9ss Iaa we're ERE ned % Gf hs ssT 50eda ee
showed substantially the business SINCE 1866; the
parties to the 1855 agreement received dlSldends;
Charley Wheeler made the dividends; the aG-
counts we're turned over to him. and he m struck
the balance; Z; the profits OF the North Side ele-
yators went into
GENERAL POOL;
they kept their accounts, and the west slde
Kept tne1rs, anu nahnSes OF me WOE Pusmess 41,
we're made aud dfv!dend9 dluaed three
times e. year; MUM =, q scot1 Kept @
the, West slde I1, accounts and M1ngef Mheele5
the North r. side Nn accounts; N . looo ne received
years more; there vas . olvldend made that
year; ne s"ore that before, ana YOU'D swear u
again II necessary; three :dlF1dends we're made
that gear; the trm IL no OF M9nn, Norton d scott
was formed about lbboi theus WAS