New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-09-27

conn ice from South Carolina 10 Baiimotc 10 mr.
Colonel Pelton, receive the money aud compete inc
g. 10 show how very sensitive Mr. Tilden is to any act
OF Others which seems 10 get ahead 81 MN, or 20
cive him the slip" quote the following to when ne
In ociob~r ISIS. Mr. Field being president Of the
company got a resolution passed 10y the Board OF d.
10 offer for bids IN crcularto the st9ckoiuef
S675 600 of bonds ami 1919 900 OF stock Award was
made TO Jesup CO., banking firm IN which MI ; lana
les, sou-n-iaw O MT tIe! ana ~ uiioct9l va .,
memoer. The price was Ia for the bonds ana stock
collectively hr tleld m@ge 1p pa'N' th'ns, " t,s
Residue to certain codrcctor- and one stockhoder VINO
was not director. | Thought that The subscription
GU MT a. have offered - Inc stockholders pro rata
should have been glad TO take my share. the privilege
worth more tRan 100000 I was nv far the largest
stockhoder. except Mr. Field but never bad an oppor
scription. was ever offered any raiahle share IN
In secrecy and carried II through under domestic legal
advice thereby inducing the assent OF the hohoi"o'e
rae statement here made as getting up this trans
action in secrecy utterly untrue The offer Tor BIDS
was advertised In every leading daily paper Of New
York; circular sent to stockholderi and II
Mr. Tlden did not send In his Offer, and get whaiever
advantage there ght be in IT, the failure was que si
py 10 lbs own neglect As TO The suggestion that II was
saIse No legal advice" was asked. for none was
needed Ia so simple matter OF business The counsel
OF the cong To whom Dc probably aludes tWhO h,d
perhaps overlooked the circular sent hun as stock
iOlder had taken OF IL, ami regretted that he
had had small interest ia il but never thought
oversight My hid was made in concert with other
directors in fact II was not sent I'd by me az a pa ny
them. for was absent from the clty. nor ud k"m
TIL my that the offer had been accepted Ihefe
we're other bids for large amounts al much less than We
offered that the bid accepted. not because II was
our- but because 1t was for the interest OF inc COM
T5is r. trinirg matter which would never have been
alluded 10 bv MIR Tdon except 20 divert attention nom
his own conduct afterwsrd Indeed he coniesses us
much. for ne saysi
Imention this transaction for the purpose OF now
crtcisng lis law morals hut TO illustrate ny rlt'e-
mtlt thtt 40 relations were recognized Nv MI fleu, ~
existing between him and my self, or such extreme bH
peculiar fraternity business as TO bind me TO consult
INN about the sale Of my stock, while No remained Tree
10 sen hrs own without consulting ne.
THE QUESTION OF DECEPTION AND TALsEHooD.
But an these are minor issues which brush aside to
come 90 the main point, in which charge Mr. lilden
With deception and falsehood-falsehood both acted
and spoken The point this that when he sought my
aid In large business transaction which could only be
done Oh one condition. thereby accepted tho under
staudinr which had all the force OF positive agree
mtnt, that lie should not IN my absence do anything
against our common INTEREST," and that this understand.
me Doc violated as soon az was ont or the way, ana
therein rrnct sed gross deception for his own pFoht
aud 10 my injury. TITS Is my accusation when make
nor ed hv proofs crcumstnnal and precise.
Aud now after reading his long statement veyy care
fnV cennof Pee that y dlsoves IN asngi" ptucuar
tho facts / have given. or the inevitable conclusion
winch they involve. How does be answer me
First, ie makes rrIy thHt others SOL. ~ wen IN he
that n Directors sold freely and not only hut that
"ot -oil 'clpte ~ .ir alu uo ~ ae IN ~ 80 -
stock made before sailed. Very well what Of that
did what tie, mad perfect right 10 do did ever
dream OF sbrifgiug Their liberty In THIS RESPECT on ad
they did was done IN perfect fairness and franbness II
was done openly and abovehoard II was reserved
his intentions conccalodi TO take sweet counsel
with ms friend from whom he was ahont 10
part; o. follow HIM no the ship and bid him
lender ad'eu, lulng his susplcons bv giving nm he
fu impression that ne was going 10 40 an IN ms power
10 keep up the market. and not TO break down and
sll onr as last as possiblei This was certainly an
pg- rrn nt~ afOckhfolcr
statesman. ly tie way, u Is another coincidence, not
les. curious aud interesting than that noted ahovein the
case of Nh Havcmycr. that the brokers who sold stock
tae moment nv back was turned were ne very brokers
Oregon during The counting OF the electoral votes IN
Mr. Iden SAYS: "Aftcr had heard Of Mr. Fields
proposals directors undertake 10 sell stock for
item. De made similar offer 10 me- Indeed Mr. III
ani ,hc whole rnthi To say that 7 made nm Offer
world imply hai volunteered It, on the contrary ara
uot ;he pToGos. come rom youi Did you not come 10
my house and ak 10 DO you TINS serycct And aid
NOT accent only condition A. 20 tins condition.
VIII You deny that said 10 YOU asan and again, that
"tnc market must De u,ahtained mere y
That makes an the difference IN the world between
yoa and others who sold The want II good faith was
10, IN The ,enf Hnt ~ te manner "i ana tG n n
dd vas aaoiA'E what they dis was fair nnd sgnare'
known IL vour rriend.' VINO was on fhe ocean. You
SEM letter after the very next day after sailed.
rraIh,d to me ga London. The dispatch came through
nv eocretsry and cost Won nothing You could have
mad n as fuIl ara minute as You pleased. Why DID
Wi. OF say a word OF the good progress you were max
ins r selling hcrci NJ. sir. there conceanent
an tAlough aud therein lies The difference between
YOU and those whom sou tIy 10 associate with You.
WHAT they dd was honoraoloi what you dd was d.
honorabe. My controversy IL with Won. not with any
body else. and do not mean that Won shan cseape 10y
liinc behind "'b"r anu better men, ana quote ihclr
open transactions excuse for your deception AID
prvYIxG THE AGREEMENT.
But you deny the agreement understanding. and
will have n that there condition whatever, either
expressed or implied This would reduce the question
simply 10 of vcracity-vour word against mine. In
such cases tie public must decide by weighing proba-
binies l. IL likely thatI would undertake negotis-
ton abroad with the full freedom of my associate to
defeat II at home Tue question answers itself The
thing Is too absurd for belief. II Ia c0nradcted by your
letter aud tclesIam which intrused to my
been the foolish Of men 10 undertake, while leav
iug free to swing round the circle In the way
al a here. immediately after was gone.
That MT nldcu WIS quite conscious that he had not
done the square thing" hut had taken advan-
age Il NY absence, and done that OF which lie ought
In he ashamed, sufficiently shown 6y the pains he
took 20 avoid my return. did DOT mourn his all
scnce 1t dd little strange that after follow
ing up day and night for months, he dropped away
once sent 10 my office TO inquire when | would
b. IN" No such message ever received. But
constantly when in town. my house in Gramercy
PARK a lew steps from Mr.. Tiden's door He could
ScS Bu, ne was nearer still A, meeting Of the
directors he IN tae next ROOM where he could, and
probably did hear my voice He had often been pres
cut al meetings He had now but to open The dooI
and walk H. But nstau OF that ne pun on ms nav aud
walked ont. nave not met hun since the day sailed
for England.
am. well aware that OF my friends think show
am undue degree of feeling in this matter that am
more excited than the occasion calls Tor; and that
complain after all, but common form
.f si.srp practice. Men shug their shoulders and
.sSych things dOre IN Waist. every day" Yes.
brf they not done nv "PresiCenf-eleci OF the
United Siases"! Ent matter bv whom
done they show low standard OF commercial moral
nv and low greed for money like a
roi into the very Of our National Some
link Il; hopeless To raise the standard this
respctt Certainly IL VIII be raised long
keep silent about IT. And must I'm all frankuess
that good men "and " honorable men " have them
selves partly blame for this shameful Of thnls
n j. their cOwar,iice In submitting wrong
coura -cs IT, repetition. think IL Is the thing