, 1879-07-22

Why tho Governor OF Now York Wants to scn
lflm-Some Little Irregularities Ont In
ElIntrn-fs tho " Lumber IiInE" Still
1ticlie
Corrtspnndence isttc Tork Sun.
EIMrnA, N. T., July 1B.-rhe indictment
found against Peter Elerdlc, the former "Lum-
ber King" Of Pennsylvania, for obtaining
money on false pretunscs In this city, and upon
which requiattIon for him has just bocn made
upon tho Governor Of Pennsylvania aud grant
cd, was found last fall. /, will bs remembered
lhat Herltc suddenly lift Pennsylvania some
months aEo. aud his whereabouts weso unknown
for somo time lie was finally traced to Nahsua.
1t was bslleycd at the tlule TINT he had fed 10
cs:ape tho consequences os the Etmlra procccd-
ings and several other similar prosecutions.
The Indictment In this ensu was obtained upon
the Onth OF John Arnot. Ut ihe Chclnung Canal
Hank. IlcT1ic returned hume some timo ugu,
and, 1t wAs understood. agreed to compromise
tho EImira anu other irregularities. FaillnE to
keep bis wur1, tile reQuisI,ion was asked for
ard granted yesterday.
lhe gas stock ou which ferafe raised the
nancy tu Elmlra vas stuck OF tue Wittalnapnrt
Gas COMPANY, which lie organizch. TiIu cap
largr majority Of tho stock. lfn snld tile Cutsl-
pany 1.0GN acres Of Wild Iu,il Tor *Iu0 0UU worth
of additional stock. Tiers WIS psinr lieu o.,
this luttl. nnl It was sold ut ,lArsl1s s1lc, and
u
tiunRl stuck ilerlic borrowed $500. .gDl, repre-
senttng that It was tile actual eapltal nf lie Com
pany, AMI WINS paving dividends regularly. or
the $500, ,000 wns tl'e $ss30A} ts burrowed ut the
EheluuuG Eatsai Qat,k In this city, Thu baA,lre
he Obtained Of hunks in Lancaster MD Celtre
Cnuutiea, Pa.
SUIT. similar to the one commenced Ia Elmira
aru pcudmg there. llerdic having bsen tlniic,rI
At the tins OF hvpotlecaL,t,g this worthless
stock, lcr.llc calisc,l tho Original Sl5O 0O vi
stock to ho made prefos!stl. TnIs llu assigned
to john y. kradtnE, Of Philadelphia.
I'ho Elm!rn pFueceutngs aga!n4t Hcstltc llnye
recalled many other ot his pec,llnr transactions.
After hls faiure hls liabilities weru found tn b.
uo0. Ills lrlucpa! crcttltur was the junior
partner Of tke ilrM Ut Powers u Wpigltmal,
thu great tIuinlae snuuopoists Vi phtiaIctpll,n.
Mr.: Welghsu!a', owing to the tra4o lllc t!r'n
llad In thAt ttrug, had at incoE,o vi ftu. .0U3 n
tnunth. uc WIS gfrnt friend of llerll,c's, and
had tip must unbounded condlsnco III l'tn.
MD NnortEagcs Offered by Icrtlir to 1hs amount
vi Il ,9t0.Ukl Quo vi llortics methods VI deal
Ing with Weightnan WIS this: Herd!c would
purchase large tracta of laud wherever he
building lots, hc erected dvr.Iluga GU ululn.
No building Of tlIz kind nut llp by
him cost him more than $a,500. IIo would
se!l each house u sumo nerson Ut no rcsoousi.
hG would take l,0uds and mortgages for tho
amount. These lc would tuko to Philadelphia
n,d sell to lia tricnd WefEhtMlan. The latter
had over 325U. co., worth OF these 'taucllt!tIe4 II
rhell lleruic lallcd,
llcrdtc built q CHURCH in Hilia,nspost Tic
luhrrytntn who furnished thu stunu took 1[of-
dies nutes. The wotkmrn accepted ordcra ou
stores Tor their ,pny. tfha s,orss wers gwen
hotes ps ilefdle III return tos ths orters. houu
Ut theta were Gyer {,utd.
Hurdle pad farmer Sla0OO for a farm in
bradford County. liz weut to philaielphla and
lnortgugsu tt f0r $l8,u0U. IIe lEcn returned to
the fartner nIlll usked him what liz Intended to
do with tho Sl.,tNu. 1ha fay,ucr said lIa wanted
to put II OUT at interest. Hurdle borrowed
every cent Of IT, and .n fsx uaYs tl,s fal.uro
Was announced.
ilerlic started the WtIlamsport Passenger
Hallway Company. 1t had ca,nt3l OF $15,UO0.
lle was tAe nlain shareholder. liz pledged nis
stock for loan. TAu 4tuck remained tu hts
Aa,uu on the books. Dc!ure ller1,c iAi]eu lie
leased thu road 10 A. Il Middougn. frIcuti vi
tlerd!c'a. Tie parties whu hel llesdlr's stock
fur thu l0an sula It. ruAllzuE uuIY small sum,
lhe purchasers Ut lhc stuck. supposng they
were the r.rhlluI owncrs of lha rusj, attempted
70 take possession Of il. They failed to XII II,
hlltdouxl claIuaMs legal possession under tne
terms ot tho Tense. Tue EAutter h Ia Tue courts.
Ttlc City Ut Willian,sport waa baukrup,ed by
tho failure Of flerd!c, nlla hundreds u people
we're rututd. largo portion vi Hefiles prop
ertY wls sold on Judgments obtained On luug
oveEtus uotca by Julgu Maynard. Hetdic's
4theEln.law+ It IL the Eensral opinion utat
ltefalc6 failure Was really huge kWiinllc md
| that hs Ia yet . millionaire.