Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1876-12-14
and veracity, and is very generally respected by
the citizens OF Indianapolis.
THE INTERVIEW.

Correspondent-po you know anything touching
Gov. Hendricks relations with the water-works Com
pany OF Indianapolis which in any way reflects upon
His Exceilency's character for honestly
Gen. McGinnis-Yes, sir He was one of the Direc-
Tors "i the Naer-works Company, which, L claim,
swndled me out OF $1,000 aud for the recovery OF
which have brought suit. But it is another
Transaction THAI referred when | remarked that
did not regard him an honest man.
COrresppndent-What is that?
Gen. Mcliinnis-lt grew out of the sale OF 100000
worth of Waterwprks bonds. The facts these: In
the fall OF 1870, Harmon Woodruff and Judge Seldom,
oil New York. came here for the purpose Of organizing
a Wa'er-works Company. They owned the Central
entire stock of the company. To inspire confidence
and secure ready sale Tor their bonds, they sought
lhe Cooperation OF several prominent citizens oil
Indianapolis. Gov. Hendricks William Henderson,
Deioss Root, William Braden, James D. Woodruff aud
Two or three Others whose names do NOS now recall
rallied TO their assistance, and among them they d-
vided s25O0OO worth of the stock.
Correspcndent-Did they give them this stock out
Gen: McG.-Yes, gave II to them, and they we're
made Directors of the Company. Gov. Hendricks got
$1,000 As his part7O0 shares at $50 per share. It
didn't cost him farshing. But, / was saying. the
company was organiz,d and. raise money TO Duild
the works bonds were issued based upon the canal,
which represented all the stock; $500 900 worth of
these bonds were issued at first, aud subsequently,
si0oe0O more. Whether all of the last issue
were disposed OF am not infoined but it is in con-
nection with the of 10000 of them that Gov.
Hendricks honesty is shown up to good advantage.
These bonds Zone hundred 81 900 per cent.
goid,oearing bonds) were ordered by majority OF
tue Directors To be sold the Indianapolis Insurance
Company Bank OF this city. at s71a cents ON the dol
lar The President of the bank Mr.. William Hen
derson, aud Gov. Hendricgs directors both voted
Tor the sale But before the bank would purchase 1t
demanded personal security that the interest the
bonds would be paid. SIR. Hendricks and four other
Directors became security and then, majority of
me Board voted themselves $1,000 $4,000 each) for
Cor-In other words, Mr.. Hendricks and the four
other Directors formed "a ring" and voted themselves
$1,000 Tor securing their own bondsf
THE vILLAISY YET COME.
Gen. McG -Certainlv Tbev constituted n nm atari
ty OF the Board OF Directors and manipulated things
To suit themselves. But the villany Is yet
Alter the bOuds were secured and sold 10 the bank
ga cents they repurchasei By the Directors at par
and reotf 10 themselves az ~ ceafs the dollar, the Ii
Iecfors aLoung themselves 600 commission or their
trouble a.. selling The bonds 10 themselves.
Cor.-Do you mean TO say that after selling these
bonds TO the bank Tor ga cents, and then repurchss
ing them AT that after this the ring Directors,
as you call them bought them up for their prop
erty 10 cents7
Gen dcJ.- Il mean TO say lust that. Hendricks
got SIS 900 of the $4,000 WORTH payiug ST. 500 for
them, and tnen took Ssoo his part Of the S2,0O0
commission Tor making the
Cor.-ln other words then, these Directors used
their positions As Directors To enrich themselves and
impoversh the stockholders whom they represenredf
Gen. McG,-Just that aud nothing less.
Cor.-Were no objections made on the part Of the
| stockholders VINO were not IN the ring?
Zen. Mc6-Nery great objections 80 great, In Tact,
that Ii agreed that the matter Of repurchasing the
| bonds should be postponed until the regular
monthly meeting of the board. But, in the meantime,
portion OF the opponents oil the scheme being absent
from the city mot suspectipg any unfair advantage
would be taken) the rins got together ana ordered
| the repurchase of the bonds.
Cor.-Did Gov Hendricks and his co-cousprators
return the $4,000 which they voted themselves for
| securing the payment of the Interest,"
Gen. McG.-Not a single cent Of it. Ol the con-
trary they took 81 900 $500 each) their
mission for selling the bonds TO themselves.
Cor.-Afer Mr.. Hendersons bank had purchased
the bonds Al 81 cents ent OF the interest being
secured, why did IL resell them TO the company
0RzAr STOCKHOLDERS
Gen. McG--rhe sale to the bank was made FIR the
bricks was leading spirit. an opportunity q swind-
ling the stockholders out OF the $1,000. Having
cured this rioney, then the sale back the company
made for the purpose OF giving the directors an
opportunity OF buying the bonds 10 on the
dollar. This transaction resulted In . loss the
| sock holders OF s35, 800!
Cor.-would the bonds have sold for more than 10
cenis In open markety
Gen. MeG.-Oi course they would. They we're
worth par, being doubly secured and bearing per
cent Interest, payable Ia gold.
Cor.-IIow much dad Gov. Hendricks make out Of
Gen Mc.i.-wcll, ia tue nrst place he got ss5 oco
worth of stock for nothing then 81 00o for securing
the psymeat oil interest on the bonds which he after
wards bought himself then St00 for his of
ssion paid TO the ring Directors fog selling the
bonds to themselves: them Of the SsJ00oo worth o
bonds he got SIS C0O worth for s. 500 making In all
SCI s50 worth vi STOCK and bonds, or which he paid
sI7.5Oo-
DENIAL TO THESE CHARGES
| Cor.-Does Mr. Hendricks deuy these iransactions7
Gen. MeG.-No, he does not, and can not.
Cor.-How did you come in possession Of these facts,
| Gen. MeG.-Mr. Woodruff, one vi the Directors aud
at tiIue President Of the company, told all.
Cor.-Was he in the r,ngf
GEN Mcci.-No, sir. lie was one Of the Directors
| who would yield TO their corrupt proposition.
| Cor-Have these facts ever been made pubIicf
| Gen. MeG.-Yss, sir, In 1872 let let the public
into in Two three letters published in the
| journal.
Cor-Did Gov. Hendricks take any notice Of them ?
| zen. McG.-He never notices anything over his
| Democratic state Central Committee, however, aud
me taken 10 raise OU for the purpose OF
securing sfidayits from Interested parties that my
| Cor.-what mad the committee to do with it,
Gen. McG.-Mr. Hendricks At that time (lsI2 was
candidate for Governor aud they fearful it would
ruin his chances Of an election.
| Cor.-D.d they raise The si,oo0f
| Geo. McU.-I anu not informed whether they did or
not; but In day or two alter wards, alhdavts
we're published in the Sentinel, denying that Gov.
Hendricks had anything 70 do with making false rep
RESERVATIONS 10 me 10 induce me TO purchase ss.oVo
| worth Of Walcr-worKs stock.
Cor-Did these ariidavits deny the transactions you
have narrated in This INTERVIEW
Gen. McG.-No, sir; these transactions undsnisd
| anu undeniable.
NIX OVERS "HusH MONEY"
| Cor.-what about Gov. Hendricks Offering you
a. 40 as "hush money!
| Gen. McG.-in 1870 | purchased 81 900 worth OF
WateI-works stock the representation Of Willian
Henderson. Deoss Root, aud one or two Others, Di-
rectos OF the company; that the stock excel.
lieut. Investment, and that they had put IL all
money they could raise; Subsequently, I learned
that they had not Invested cent, but had received
the Stock git. Furthermore. learned that the
stock was worth what had paid for IL. In Other
words, discovered that had been swindled. Fol-
the purpose OF recovering my money, therefore
| 1 brought suit against AIR. Hendricks ct nj.
as Directors The affair caused great deal of cou
nient, aId people began 10 see to what n swndlin,
scheme MIR. Heudricgs had lent himself. As 4 have
said, he running for Governor this time, and
his friends we'll as himself, fearing that such de
velopnents must be br0ugh. in the suit would
defeat HIM, he met US by appointment in the Office o
Dye Harris and offered 10 pay me s., 900 out Of h
pocket las he tried to make me besvel, would
release him one Of the defendants In the suit thsr
pending.
Cor-Did you take his money!
Gen. MeG.-No, sir told hun had been swindle<
out of s3.i14, and unless he or the company paid
| that amount should push the suit
| Cor--Did Ar. Hendricks know how you had beef
| deceived when You purchased the stock1
ten Meteor Coarse he must have known II. Tn
'ring Directors" they called worked together
Mr.. Hendricks was in attendance upon every boar
| meeting and ne took napd in all The disreputzbl
, | transactions that have narrated.
| Cor.-Has his friends ever attempted to him
| o plain away mis- connection with the matterf
Gen. McG.-No, sir; Tor there Is no explanation
be made. Col. Abe Hendricks, mis- own cousin, aud
member Of his Law hrm, tod day
| when i called to get copy
| the articles Of incorporation of the Water-work
Company that the sale " this stock 10 very ba
ailh for the that II understood, wheu tn
company organized, that none Of the stock
| he sold To OUTSIDE parties.
Cor.-Did you secure copy Of the articles Of iacor