Delaware state journal. [volume] (Wilmington, Del.) 1870-1883, 1880-12-09
Smith. the director, that lie had gone to
farming lately.

"Uh,l bought farm i'Te got one acre, and
I'm making great deal of money. Making
two crops out of it every year
"How do you do that ~
81 Just put it up On the edge and raise
crop Oh each side of it"
"What holds your farm up?"
"Why, there's fellow got II lien on it,"
And 70 | supposed this company managed
to stand this farm up on its edge, and got
lien on each side Of 1t.
Next comes the Nichols farm. The mort
gage On that, | have no doubt is Il good
mortgage and sufficient security. That III
not the question | am raising before you, but
whether there ID not held out from The be-
ginning to the end of this statement, false
statement OF values and a fictitious statement
intended TO deceive and | will undertake TO
show that all the statements that | have
made about this company are strictly true.
This is put down as u $1,000 mortgage on
property worth 5l6,0OD, Now, take that list
and look over 1t, and see the immense
values OF the properties morlgaged, and the
small amounts OF the mortgages. Why, 1t
ought to gather i'll all the Insurance IN the
United States because there never was any
such corporation i'll tue world that i'll thCsu
days of All easy money market could lind such
mortgages as these. The value of the Nichols
farm IN put by three witnesses at ~, $50, and
the other one at -, ,460, aud that is a farm ON
which the company puts forth q value of
sl6,OO0 There Is the fact that picking ont
some of the best of these mortgages OH home
property in Delaware, you ind these all char
asterlzed by that gross eXaggeration Of the
value of the property and III one case i'll
which the company through its officers,
could not have possibly been mistaken about
1t. 1t was Impossible that that company
should be legally ignorant of the fact that
tlat mortgage was put down here Us a first
len, when, ,aS Il matter Of fact 1t was a second
ien.
We come next to the Dupage county lHad.
IN which was SGT forth IL mortgage Ot S250O,
when there was no such mortgage on record.
Ind the value of the land as testified here,
vas from 81 $50 to Sl,65J.
Now, | come for few minutes to consider
this Dauphin county land. That land, AZ
,tated here has value of 5000 that Is
the affidavit made by Bright and Myers, IL
uurtgaGe of so 0J0 upon land valncd at
slUJ,uuU Now, suppose for minute YOU
admit all that il CLAIMED by the very euthusi-
lstic witnesses that came here to tell atout
| the timber on this land. Don't you see that
| eSen tlen my point would not be affected.
| hat land Is put forth as worth slU0OUl, Tor
| the Information of the people. and recorded
Ilider oath Ill order that people may have some
reliance ON it setting forth on the face ..
| 1t IL very good mortgage of s5U,uOO on land
worth SlUO,OOO. But, even by their own tes-
| tinony the land drops to from
.oj,UOD to s75,UuO lower than their
| Ialuation which Is from one-halt to three
tuurtns of the value as set down here, and Is
| Jartly the amount Of the mortgage. Now,
'D-erve several facts about this land. The
testimony shows that MIR. Bright, the presl-
| lent of this company, who went up there
utst spring tU get up this evldeuce, never was
III this land until then. he company Is
charged with u knowledge OF Its real worth
.essess i'll 1870 and 1t il no difference
whether Mr.. Bright ever saw that report OF
..auce or not. Inc report has been brought
home to the possession of the company. he
lund was certainly called to his attention time
after time. 1t was examined by various
,eople and Investigations had about 1t, and
vet none of these gentlemen, with this
JOnaliza i'll their pockets ever went to look at
lhis magnificent property until last May, Just
when this case was coming up for trial.
Now, just consider the evidence i'll regard
to the value OF this land. lou have had the
testimony of three Witnesses from PennsAl l.
wanna. reputable men, as shown by their tustl-
mony and their avocallons, Spayd McGanu
and Furtenbaugh. We brought you down
one OF these gentlemen 50 tnat yOu might
nave specimen Of the kind of gentlemen
they are. and venture to say that no witness
more satisfactory Ill all respects was ever
Drought to testify before jury. just such a
man as you would rely upon III any of tht
Ihalrs Uf life. You have, also, the testimony
II Mlessrs. Pennington and Fierce, who went
up 10 see that land. Now, ii there was any
question III this cast about speculative value
~ land then possibly the testimony Of mel
WV hai eohv up iioih heie ms ~
70 VI Naine, uu. We seir
theSe Behtieuien up IN oruer ihAt ti'
jury hl5ht sec, lace 10 i"ce' Hhch MINI tho.
hieW, VINO huu eopo ana eNa.iilieu tliit la'.i
: Tins was not Il question OF speculative value
|, INT whether the land was timOered III thi
way which will say no man III that jury bu!
ever shM l"iiu ltui"eteu, 'ii' NiVie!' "n'
l 7a" thHt iuiu' cuIIopor"'eu eNuctiN tnc tcsti
I lhony vi tiloa, WITNESSES ttu' y u'utildi.
! llo'iita4'i inl,u' c"Nuieu WIN SeIup JAN all'
huchlepeITy puSnes' ne report ol ;lr' lMIe
} a''u tnuao NilS M''ueHao'' WIZ nav npo'
/ before Soll' lhal iheIe was no tllllpel Ill tl'
/ lahu' except On ABOUT Iuu 70 iou acres, ull'
lhe lesV rohau' rochH' Iloui'teth i"hu' eoNete'
WIN ecruo o"N anu bushes "itiiout ANY us
. respect 70 tle witnesses Drought heiI
| ny thc pluliltlu' tilefe IL tAIs renlarI
I that eau pe lhaue anoub thehl INA
f, thelr examination was lhade iuf the l'lf
Pose oi Se'tnS up t5stlnluhy III lnlH cast
Y ocVh'lse 'ilc p'uS'uo'it VI tuu '"lH'Hh! Nei'
, mp there Just before the cast was supposed 7
: oe coming OH ior trl,i laHt sPllliS' ana IN
e examination was maze hl tnal tilis' n
testimony tht' was Drought mere ABOUT thi
: uNa,iiillatuh WHICH WAS conveyed 10 you VII
hhue lor tue PURPOSE oi scttlhs up tesll'iiull
h ~ thiS ease' me testimony OF 0paSd
- hcuIlh ana fortehoauSh' whose eNaIiilnh
e Vloh was NOT !lIauc iJr tHo PURPOSE ol Eeitli
1. up testimony, tue eVlaehce SHOWS mat thel
I examination Was hlade' thilih' some !"
wears before the testimony was taken III ina
q clse. lS certainty elttleu 10 lar more WelShl
Z submit TO You thnt tnis lact Is PreSh"ll
one Which you cal'll"t D'lt t"he WIN you
:, dwelling ON this testimony
e Now what can you MAKE oi the tosllihoh
oi the ferfeos anu Mr. huS5er' IN tlle hrs
l. pihce anu won taNe loil5 70 ulseuHS lnht
: submit to You one or two things Ill regard t
II thut testimony. lou must femehutf INA
A these men all stated thht they made thel
estimates without any comparison NJ
+ undertake to plck out any three men Of tn
- Jhry and send them to make an estimate 4
/ auythlilS uliuer me sun ana II Is utterly III
q posSloie there hhonld DC any sueh cohcnrrehc
between them' without computation. just II
= call within your own MINDS the Nailatlons
properly or nhllhluRs, wiilch you may nav
~ maze IL Is lhplNHlple tllht' OF THESE lhcl
' Two OF them should nave M on l'2ol'ooo an
q the otlrf, thlilk. Oh l'lVuuuu ieet Oh tlhpe
N II II had beeh done as they stated wlthOt
A comparing iotes'
II they hau salu lTahklN, tleN hau con
A pared views anu settleu on tilat ieSllt, No
+. cohlu not nave ieit so Inclined To uoubt the
>. testimony put, as u H. you must Apply 10
, the maxim LJdiS"S IN mO' JdtSuS IN onth,.
Il Ferree the hrst OF the three told yon
ii tine very outset OF MS testimony SO eager WI
N nv learned irlehu 10 SHOW that II was lmpu
4 slble 70 examine TINS lahd III such sho
il time, that II would take three or tonr days
ii eNahilhe TINS Iaiu u-hvt TO count up u
:. timbtr-hnt he nSed three or four days I
4t the shortest period Ill whlch u was possible
q ohly examine the lahi YET thev came Deiol