New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-19
his own He wac induced to make the following state
nent which is q virtual confession Of another crime:

ment which is virtual confession of another crime;
The railroad people knew that these bonds were to be
used for the extension OF the railroad paper aoat anu
that large portion had been used for such purpose,
The bonds were never deposited for safe Keeping o
the completion of the Richardson contract these
bonds would belong 20 the contaotor-and the conIree
was virtually completed when we used them. ihese
nea rs ont ef some They have been
trying TO put the bonds back for long time, gu
effort will fail. The road altogether several
millions and $4,000 would to-day put IT In CONDITION o,
that only. Mr.. Mills used the bonds in an entirely 1nstl-
fable manner. No person can show anything W INC
These people talk about long receipt involving tne
Trust Company. There nothing Of the KIND ~ eAs Se
and II never was understood IN any way th"' 'no
Company was responsible tor these bonds
The ridiculous Mr.. Ropes again made himself absurd
by declaring that Rodman had paid the $4,000 OF stolen
bonds to sprague an explanation OF the story OF
THE TRIBUNE that Mr. Sprague stole any OF the contents
Of this trunk" such story having Appeared III THE
TRIBUNE.
Mr. F. Barnard one Of sprague's counsel, said yes.
terday that his client obtained the bonds which he handed
toMr Schroeder from Mt l0dmani t9geoaet , Win d
tity OF other papers Mr. Barnard stated mat hodnan
was periurer that his statement concerning Sprague
transactions false in particular. aud mat
when the case came TO trial it would be shown that his
client had nothing 10 do with the theits OF the CITY
President Fish of the Marine Natl nal Bank Of this
city states that he was never director or
IN the New-Haven, MiddetOwn and WiHimantic Rail
road and that he had any dealings vita sprague
Is THE TRUST COMPANY RESPONSIBILITY
THE OTHER SIDE OF THE sToRY-MR. BRlTToN
RICHARDSON'S STATEMENT.
Ii will be remembered that the contract 10
build the road was made by the Connecticut Company
with Mr. Britton Richardson Of Brooklyn and not Mills
White Rodman, Fielder and Spencer direct. reporter
called on Mr. Richardson yesterday at No. 81 Reade-
a. and Mr.. Richardson willingly told all he knew
about H. showing very different disposition from that
nOff ne
He stated that the account printed in TUE IRiBUNE
relative to the transactions Oh 'npse WIN d 20
the road and bonds OF the towns OF Portland ana
MddletOwn, fair and straghtfOrward account OF
tbe movements OF ROdman, Sprague and those associ-
ated with them He said that he had acted as the agent
trustee of the Railroad COMPANY IN is TRANSACTION
pete the road and coup Rod ana IR ns Eno wSS
agreed should be raised with hOoan p %aS Know"
wealthy men. and 1t was supposed could readily RAISE
tessed 10 represent syndicate, composed OF himself,
Mills and others whose names he did not disclose Ihe
arrangement finally made was mat Richardson on pc
of the proposed loan and Rodman on behalf OF ms lends
the remaining seventeeutwentieths. Richardson and
his friends did pay Rodman
anu Ils and at the present time they are
behind a considerable amount They received as
90 the Railroad Company and the latter also loaned the
Syndicate their notes to enable II TO buy iron
wherewith 10 equip the road The SoO4OO OF bonds Oh
the towns were to be gwen as bonus but were not
10 finish the road unul the State commissioners certified
mat If was complete and in running order. These
bonds were placed with the Brooklyn Trust Company IN
trlst. such was the condition OF affairs when Mr..
Mills died There was only needed $4,000 TO ballast the
railroad construct sdetracks and switches and erect
few depOts and this sum the syndicate should
have been able TO raise without difficulty The New
York and New Eng gland Railroad Company are anxious
10 secure control the road it would be direct link
iu their road between NewHaven and Boston Trains
are now run over the road but limited rate OF speed
The New-Engand Company have promised representa-
tves of the bOndhOders that they Will place the road IN
GOOD condition. aud put rolling stock on It, so FAR as he
(chardsOu) concerned he is out OF pocket by the
transaction. Had Rodman ana his friends acted
fairly in the matter they could have completed
The road. and would have made good tlDg OF IT, In
stead of doing So they eager 10 gODDe everything
without fulfilling their contract He believed that the
man al the bottom of the whole transact ton was one
Jonathan A. White who had originally made contract
with the directors OF the Wlllmantc Railroad much
more favorable the road but had eyaded IT, and when
the NEGOTIATIONS we're pending between Richardson ana
The directors. offered the former consideration To
assign the contract him surreptitousy Richardson
refused do The directors had refused 10 treat IN
any manner with White After the negotiations were
completed several OF the NewiIaven MiddletOwn and
Wilimantic directors retired, to make room for New
York and Brooklyn men, friends OF Rodman and Mills