Marshall County Republican. (Plymouth, Ind.) 1856-1878, 1876-08-03

IL
as President, and August Tregent
Secretary, and a board of trustees
These men We're but the figure heads
for Parker 4 Wagstaff. The effect of
the sale was to transfer improve
ments, rights and franchises of the
old road to the new, excepting the
control of the real estate subscribed
for the original stock. Wagstaff next
purchased Parker's interest i'm the
road for the sum of S750,00O, and to
secure the payment. of this money he
assigned to him his interest in some
$3,000,000 of the roads bonds. m t
ru ENTER SAMUEL ]. TILDEN. -,
On the 25th of January. 1866, the
Indiana Southern Railroad executed
mortgage on all the property that it
then had or might acquire in the flu
ture, in favor of Samuel =. Tilden and
William H. Swift, of New York, in or
der that they might act as trustees to
negotiate, sell and account for $10,-
100000 worth of, bonds, which the
company was TO issue to raise funds
to complete the road. These parties
had been recommended to Parker &
Wagstaff by the American branch of
the Liverpool, London and Globe In
surance company.
THE VALUE OF TILDEN's NAME AND INFLU-
of sR "a aai ~ ENcE- -,fsr, r .at.t 3.
Before Messrs. Tilden and Swift
would accept this trust they required
to be paid bonus Of $4,000 $4,000
each) for the use of their names and
influence. They were also to receive
further fit compensation for their SER
vices thereafter. Their demand was
complied with, and the money paid
them was part Of loan of $50, 900
procured by. Wagstaff from VIM. H.
Guion, of the firm OF Williams & Gui-
- SAMMY AS MODEL TRUSTEE. 81 "a
The sl0,OOO,O0O Of the bonds Of the
road were first signed by VIM H.
Powell, Jr., as President OF the com
pany, and the certificate attached to
each of them was. signed by Tilden
and Swift. .sOf course the trustees
were responsible for these bonds, but
for some reason unknown they per-
mitted Wagstaff to box up sS,500OOO
of the bonds and take them to Eu-
rope with him. The other S1,5O0.OO0
were given to the Liverpool, London
and Globe Insurance Company, to Sc
cure it for some $4,000 it had loan
ed Wagstaff and the road. In 1867,
the interest on the bonds not being
paid, the Liverpool, London and
Globe Insurance Company brought
suit against the Indiana Southern
Railroad to foreclose the mortgage 4
Wagstaff in the meantime. had dis
closed his real character, which was
that OF an English Jeremy Diddler
deadbeat, and had hypothecated 81
100000 Of the bonds co London
bank, and the same amount to Par
is bank, to raise means for his per-
sonal expenses. His creditors in
England endeavored TO force him in
to bankruptcy, and seized the other
$4,500,000 of bonds. He fed to Rus
sia to prevent the completion Of their
plans. When Parker found out how
matters were going, he raised the
question as 10 the legality of the pro-
ceedings authorizing the sale of the
road in 1866, and, upon investigation,
1t being proven that the same order
of sale was obtained by fraud, it was
set aside. This effectually debarred
the Liverpool, london and Globe
from further proceedings. In their
dilemma they employed the willy,
crafty and unscrupulous Harry Craw-.
ford, of Chicago, as their attorney in
the case. He was also retained by
Tilden and Swift, and, as their attor-
ney, he brought in cross bill to OPP \
en- up the proceedings again, on the
ground that his clients Crilden and
Swift) We're non-residents of the
State. interested in the case, and had /
not been made parties to theproceed- |
ings setting aside the original decree |
OF the court This was In 1872, Be- |
tween 1867 and 1870 the old company !
had sold a quit claim title to its road
bed from North Vernon to Jefferson
vile to the Ohio and Mississippi |
Railroad Company, and that portion /
between Muncie and Fort Wayne to |
the Fort Wayne Muncie and Cincin-
natl Railroad Company, and. of |
course, these companies resisted |
Crawford's motion.
THE JUDICIAL ERMINE STAINED.
just at this point our narrative |
bears hard upon a gentleman whom
we have hitherto esteemed highly, |
but who, II Mr.. Parker's statement is |
true, and he gave it reluctantly, has |
disgraced himself for life, The
charge made is this: Judge Patrick
Jewett, one dof the Common Pleas
Judges of the Fourth J1dicial Dis /
trict of Indiana. the man who lad |
made the original order of sale and
issued the decree setting it aside, and
the man who was to'decide, the cross
action, said to Parker: aAll the devils
in hell could not get me to set aside
that decree, unless you acaat me to.
III you want it done, you can make
the ARRANGEMENTS with Charley (the
SOM; but you must bear one
thing in mind, and il you do arrange
with him, / must have $1,000 down."
Parker consulted with Crawford, and
the result was that the following ar
was made with Charley:
[copyI
"This agreement, made this 9th
day of August. 1870, between John @.
Parker and Henry Crawford of the
first part, and Charles l.. Jewett, of
Lexington, Scott county, Indiana. of
Al