The daily gazette., 1880-12-06

pers and see what they had? No.
What did that committee do? They
Mr.. Bates; they employed
lawyers in Illinois; they employed
lawyers in Harrisburg. Mr.. Gibbons
admitted and told you that when they
coinsured with another company
whether it was bad or not i'll no case
were they liable to pay more than
their proportionable share. SO it was
not for protection, and there must have
been some othersreason. II hey had no |
more right to take the money belong |
ing to their stockholders to employ |
lawyers in Chicago, Harrisburg and
elsewhere to inquire into this company |
than you have got to employlawyers to
inquire into your neighbours business.
say it is an improper use of public
money, improper use of the trust
moneys that are in the hands of these
men, and if hat be the way they are
pursuing perhaps some other compan-
les require investigation-''but they
never ask for it," The report was
published. What is that report? just
here let me say there are three classes
III hpoCIo III blllo hSlN - oAO
bonds aud mortgages amounting to
S3l 900; promissory notes and other
notes amounting to $33, 600, and pre-
MUM notes amounting to SlSl, 0O0.-
This was committee appointed to
examine into the condition of that
business.
think | shall be able to prove 10 you
thai this whole thing wa, not con-
sp racy TO cheat the people on the part
of the company, but Il conspiracy on the
part of somebody else. How M ch Of
these assets did the committee inyesti-
gate? If this committee had gone, as
they were invited, oveI to the comra US
OIL 1e, they could have gotten every par
ticle Of evidence they wanted then.
What did they investigate? ? And | quote
fIom the Eoery Ecening; $50 far as
the Totes were concerned we made 10
report of their value; we certainly made
no eXa ninatiOu at all Of the notes tbes
held" They made no examination at
| all of Wha! assets were In that company
except these mortgages. Mr.. Bates was
engaged SIX months in working up this
whole matter, and after @ months lubri-
catiJn, my learned friend could not find
flaw in single title Of single p ece
Of land, covered by that SSl 900 worth
of NOR cages. | am throwing out Dau-
phin County land, and all that land at a
distance. They found nOIhlng except a
little bubble that there were two mort
cages OIL the Nichols farm, one for "a,
900 and the other for $1,000, both held
bl the d. s. f. u NJ. |. Co., and pul
| 4 a ION
they are both held by the company and
does it make particle OF difference
whether there are two mortgages fol-
four thousand and two thousand, OF one
for six thousand? Isn't it practically
one claim held by one person?
They fluid Mir. Gray's mortgage, tha
! there is a $1,000 Inorgsse here, AM
! there is another $500 mortgage. Th
record shows that they were both en-
tered at the same time and under tn
law Of the State they are both first liers
But to come TO the gist of The who'll
thing is there any doubt about tina
money being safe upon the land Of Mr.
Gray? Aud what matters it if it i
safe, whsther there be a question abou
first or second?
What else did they discover? Any
thing? Oh, yes, they discovered frau
in the Dauphn Co. land. Not fraud
they don't say that Mr.. Richardson
says they "did not report that it was
fraud" and yet they attempt to justif.
their att acks Oh us, that we were "rot
ten {, aud without the shadow of a righ
to exist" upon the report otthaL commit
le aherefJre, Mr.. Croasdale calling us
: fraud afterwards, and "a conspiracy t
= cheat the people" was not warranted D
+ that report, and if he did it from thatrepol
| he parbled that report and he is addln
malice expressed and positive, an
, clear outside of the face Of the article
} themselves.
, Now we come to another commiLte
f That made an examination, that was
y committee OF the citizens of Whining
Ton. a committee that did go into tn
f office of the company. They did NJ
! enploy Mr.. Bates, member OF I'll
: Erery Euening Co., nor Mr.. McCarrO
q the Erery Erening lawyer in Harris
, burg, nor Mr.. Gibbons stockholder
Z the Eue1y Erening.
q Who were they? Thomas Darling
q ton. Jos. l.. Carpenter, Jr., whom M
q BIRD eulogized, Gregg Chandler, Samu
% Nurphey. They did not so as smeilI
committee behind somebody's barn bl
n went INTO the house like men. The
y examined uot simply one class OF s
rurities, $1,000 worth, Dauphin q
land and the other, but they examine
the notes as well, aud Jos. l.. Carpent
knows the value of note as well
's anv man in Wilmington, and MIR. Ca
nenter tells you they are good, aud the
i Is not a man III that jury box who wou
ii not agree withJos. L.Caipenter thatWl
Rriohi's note for $S, 500, DR.. Tantum
80 note for $500, Geo. w. Bright's no
N endorsed by his father for $3,oW,,
ia lhese notes were as good as gold. I'M
in tell YOU that they found what? Ih'
'h lind the very same assets that the COZ
es pany had when they organized al WI
I'd mington. and they report what? "N
ne find that the company has IL It's posse
r. sion and belonging TO it $ll0,25O
ne honds. mortgages, stocks, real estal
&c. Of which S56,550 we believe to
bo irst-class." Now, they looked at the
- and they examined them-this "frau
,If Won remember. My learned friend sa
~ @does any but fraudulent institute
~ want investigation ?" | thought t
question was so childish that | wond'
Vi ed that a man Of Lew e. Birds 60
common sense would PROFOUND such
Ier question. 1t is the truth that courts
of 1estigation, it is falsehood that hide
20. hind every possible legal sueteIfuge.
he Yet this man is the only man In tl
Ter county who has dared say that this co
Try pany was fraud and not only that