The sun., 1873-08-06

| which II became necessary TO show mt
| value Of two hundred shares OF Cenfrn
Pacific stock, a1d JoHN Il. FELTON,, one OF
the counsel I'm the case of BRANNAN and
LAMBARD against the Central Pacific Rail-
road, was examined. Here are some ex.
tracts from his testimony:
"o.-Have YOU any knowledge Of 200 shares Cen.
| tral Pacific railroad stock owned by BRANNAN
"Q.-Do you know of any proposition for the
| compromise or purchase Of that stock made tC
Mr.. IR,sNAS: aud If so, when, by whom, and
/ the amount Cncredy A. About week prior u
Tie c9mmegcGment Of ms suit nr; ,saa sTASf2mn rom
| pany offered to purchase this stock al H-lO)
/ lines i;s par value. which would make about
| one year in gold coin without interest secured
| by the JOINT note Of SrANfOHD, HOPKINS, two
CHOCKEHs, and lit NTtNGION. Several notes Gttcn
at lis time bv these parties were cashcd In the
market at one per cent. discount.
20 We're use notes that you testified were
cashcd In the market at one per cent. discount
for sums larger or smaller than the notes pro-
posed to be given to BRANNANI A.-One note
ior SSlOOO aud two for sHOr0 each were dis
cot ntcd at one per cent. There was an interest
Of $l2O.O on n note of <tD.OoO that was discount
ed at = per cent the note itself not being sold.
90 Were you one Of the parties holding the
notes so clshedr A-those notes were made
out payable to me or my order, and endorsed 10y
me without recourse. | had no other interest
In them; received them as attorney for the
parties
action commenced 10y the defendant BHISSAN
upon said stock AZ inst said railroad company
Al avn II Is Il bill IN equity for accounting,
charging that the directorshavc msappropriated
iunus oi the company T. their own use IL fraud
OF the stockholdcrs iRANSAN claims, think,
that the whole road belongs to the $S,JDOUp
stock issue and the owners thereof, and that
there has been si0Q000J Of the company 9
money misapplled. According to that, BRAN
MANS share will be about Ave or six dollars to
one, over $lOO,0D and an interest in the road
would be about $aJOO, or ten dollars for one.
20. Do you know of your own personal knowl-
edge that STANFORD offered directly to fRANNAN
to purchase his stockr A.-STANFoRD made that
offer TO me for liRANNAN, and communicated 1t
to Mr.. Cons and Mr.. BRANNAN.
" determination:
II was figured out, and stated to BRANNAN
that be was to have the l7-lO times his original
stock; u was tn he free from fee OF PATTERSON n
or myself, but not Of Conn.
"Q-Was this the result of repeated interviews
with BRASEANr A.-The ne gotiations with STAN
fOHp were carried on by myself aud lasted three
or four weeks; when had daily intercourse with
MN. i saw BRANNAN two or three times after
the 9IeI was made. saw BRANNAN at his room
once, bat wa tn constant communication with
Conn when negotiations with SrANfohp were
pending, and kept COBB posted as " Ml that was
What sum, IL any. did BnASNAN offer to
settle with the railroad company fori A. Never
hea y BhANNAN put any price on the stock to my
recollection.
80. What price or sum did General Conn, on
behalf OF UItANSAN demand Ia settlementi ~
Immediately after SrAaiOU6 made the offer,
saw General Conn, and ne expressed himself = n
tirely satisfied with the result Of the negotia-
uons. The first amount agreed on between Cen
eral Conn and myself was ten times the par
value. BRANNAN had ~ shares pledged to Mr.
TutINGuAsr for $1,000. Later, General Conn
expires ed satisiactiun, hut subsequently, insisted
ou "a note to he giSCn, secured by culiatcral-.
which SrANfoRp declined giving. The par value
of sJj shares Is S-U,VJ."
This testimony proves beyond the shat
dow of doubt that the allegations of the
Placer county Supervisors were founded
Oh IA substantial basis. II affords convin-
cling evidence of the gigantic plundering
operations of the Ring which has control
of the Central Pacific Railroad. This il u
matter which concerns the whole country,
for every taxpayer in the United States
for many years to come will be obliged to
contribute toward the payment OF inter-
est upon the Central Pacific bonds unless
this Ring is overthrOwu, and brought 10 "a
strict account for it, tIansgressons. No
wonder that STANFORD, HUNTINGTON X Co.
dread Congressional vestigution; no
wonder that they are straining every
nerve TO secure control OF the political
parties In California So that they can send
another Of their tools TO match the noto-
riou- ErFiGY SAEGE>T in the United states
Senate.