Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1876-07-13


s., ,O00,O 900 of the roads bonds.
ENTER SAMUEL J. TILDEN.
On the 25th of January, 1866, the Ia
diana Southern railroad executed
mortgage on all the property that
then had or might acquire in the futur
in fOvOr of Samuel j. Tilden and VIII
liam III. Swift, of New York, IN Orde
that they might act as trustees to ne
gOtiate, sell and account for $40, ,0OO. 90
worth of bonds, which the cOmpan,
was to issue to raise funds to compiled
the road. These parties had been re
commended to Parker & Wagstaff b,
the American branch of the Liverpool
London and Globe Insurance company
THE VALUE OF TILDEN's NAME AM
INFLUENCE.
Before Messrs. TiIden and Swift
would accept this trust they required Il
be paid bonus of $4,000 ($5OOO each
for the use of their names and influence
They were also to receive further Fl
com mpensatiOn for their services there
after. Their demand was compiled
with, and the money that paid then
was part of loan of $50, 900 procured
by Wagstaf from VIM. H. Guion, O
the firm of Williams & Guion, of New
York.
SAMMY AS A MODEL TRUSTEE.
The $10,000,000 of the bonds Of the
road were first signed by VIM. III. Pow
ell, ir., as President of the company
and the certificate attached to each Ol
them was signed by Tilden and Swift.
OF course the trustees were responsible
for these bonds, but for some reason
unknown they permitted Wagstaff to
box up S., 900, 600 of the bonds and take
them to Europe with him. The other
81 800, 900 were given to Liverpool,
Lond0R and Globe Insurance COM pany,
to secure it for some $4,000 it had
loaned Wagstaff and the road. In 1867
the interest on the bonds not being paid, ,
the Liverpool, London and Globe Insur-
ance company brought suit against the
Indiana Southern railroad to foreclose
the mortgage. Wagstaff in the mean
time had disclosed his real character.
which was that of an English Jeremy
Diddler deadbeat, and had hypethecat-
ed $2,OOO,OO0 of the bonds to London
bank, and the same amount to Paris
bank, raise means for his personal ex.
penses. His creditors in England en-
deavored to force him into bankruptcy,
and seized the other 81 900, 900 of bonds.
He fled to Russia to pevent the COM
pletiOn of their plans. When Parker
found out how matters were going, he
raised the question as to the legality OF
the proceedings authorizing the sale OF
the road in 1866, and, upon investiga-
ton, it being proven that the same
order of sale was obtained by fraud, it
was set aside. This effectually debar-
red the Liverpool, London and Globe
from further proceeding. In their di-
lemma they employed the willy, crafty
and Inscriptions Harry Crawford, OF
Chicago, as their attorney in the case.
He was also retained by Tiiden
and Swift, and, as their attorney.
he brought in cross bill to open
up the proceedings again, on the
gfound that his clients (Tilden and
Swift were non-residents of the State,
interested in the case, and had not been
made parties to the proceedings settling
aside the original decree of the court.
This was in 1872. Between 1867 and
1870 the old company had sold quit.
claim title to its roadbed from North
Vernon to Jeffersonville to the Ohio
and Mississippi Railroad company, and
that portion between Muncie and Fort |
Wayne to the Fort Wayne, Muncie
and Cincinnati Railroad company, and,
)f course, these companies resisted
motion.
THE JUDICIAL ERMINE STAINED,
Just at this point our narrative bears
lard upon gentleman whom we have
hitherto esteemed highly, but who, if
Mr.. Psrker's statement is true, and he
ave it reluctantly, has disgraced him.
elf for life. The charge made is this:
udge Patrick Jewett, one of the Com
non Pleas Judges of the Fourth Judi
ial District of Indiana, the man who
lad made the original order of sale and
ssued the decree setting it aside, and
he man who was to decide the cross
ction, said to Parker: "All the devils 8
q hell could not get me to set aside
hat decree, unless you sOd'st me to. II
Ou want it done, you can make the
with Charley (the Judges
On but you must bear one thing in
hind, and if you do arrange with him,
must have $1,000 down." Parker
0nsulted with Crawford, and the result r
'as that the following arrangement
'as made with Charley:
LCopy.1
"ThiS agreement, made this 9th of @
.ugust, 1870, between John G. Parker q
nd Henry Crawford of the first part, t
nd Charles l.. Jewett, of Lexington, il
colt county, Indiana, of the second
art, witnesseth that, whereas, there +
suit now pending in the Common a
lease Court Of Clark county, Indiana. {
rought by the Liverpool, London and v
lobe Insurance company, against the q
ort Wayne and Southern Railroad b
'mpany, the Indiana Southern Rail. l
ay company and others, the object of g
hich suit is to declare the rights of q
i'd insurance company in and to the O
ne OF railroads formerly belonging to o
le Fort Wayne and Southern Railroad b
and sold out under a decree q
the said Court of Common Please on Il
lnuary 19, 1866, and conveyed under tt
e said decree to the Indiana South 81
n Railroad company, and by the said Ii
st named corporation mortgaged in in
ust to William II. Swift and Samuel II
TIlden to secure the payment of $lO,- T
1000 of bonds, 1900 of which bonds L
ere pledged to said Insurance COM til
ny to secure a loan of e2O,OOO all of u
hich matters are set up in the COM
amt; and, whereas, the above named N
I'm c. Parker and Henry Crawford
we become the owners of said 1900 ST
bonds of the said Indi-
a Southern Railway company subject dl
the said pledge to said Insurance ar
mpany. and are desirous of prosecut- di
g the said action in the said Clark D.
mmon Pleas Court to obtain decree
Receiver of all and singular the d.
operty mentioned in the said mort pe
ge to Swift and Tilden, and also a tn
al decree for principal and interest en-
said 1000 bonds and the sale of said hi
1rtgaged property to satisfy the same, tn
q have for that purpose employed, ca