The daily gazette., 1880-12-06

yes, the people of Wilmington had
gathered into the corporation notwlth-
tanding this venom-"$1, 500, 500, all Of
which is on the mutual plan except
$120,555, which is ON the stock plan"-
about l-l5 of this company's business
was on the stock plan. That was the
report.
DO tiey meet it by scintilla Of proof
that II is not true? /? These are The very |
same securities Mr.. Bright swore 10 in |
that report. My learned friend Mr.. Bird |
danced around here for a long while |
on The assets in the breeches pocket OF
old man Bright. They have drawn their
illustrations from negro mnstrels, Col.
Sellers ami such sources, but when MIR.
Bates spoke Of Col. Sellers it struck me
we had Col. Sellers right here in this
case.
They attempted to illustrate it by
somebody giving great SUN for the blue
rocks of Brandy wine. IL has not been
| lops ago since it was proposed by the
city of Wilmington TO buy 10 acres Of
that rough land along the Brandywne
for eS6,0O0, and this Col. Sellers (Wm.
L. Croasdala) advocated it with all the
poa er of the press-and saw millions
in it. Joseph l.. Carpenter never said
they were in VIM. Bright's pocket. He
stal ed to you that Caleb Z. johnson, the
treasurer, Vas present always aud pio-
duced these assets. Gregg Chandler
and Thomas Darlington have signed that
report and WIN. A. Reynolds as special
auditor certifies at the bottom that "afler
a careful examination of all the above
itels taken from the books of the COM
pany are correct. have also seen aud
examined all the securities above re-
ferred to-" MI. Reynolds says these
books kept by single entry were well
kept, aud any man could readily ascer-
tam the condition of the business.
Joseph l.. Carpenter was a man who had
no Interest in that corporation, he was
an outsider altogether, and he not only
signed that report, but goes upon the
stand and tells you af,er that investiga-
tion as business man, into this "rotten
fraud" takes out of the Farmers Insnr-
ance Co. $4,000 of his insurance aud
New Castle Co. Co., $5500 of his insur-
! ance, and puts it in the Delaware State
Fire & Marine Insurance Co. Aud yet
th, man comes here with his paper and
says it is rotten fraud. Who knows
, Joseph L. Carpenter or VIM. T. Croas-
dale who never looked at a single thing
he speaks OF in his paper. Like Don
: QuixOte fighting windmills, he will
someday run against one that will kill
him. There is Croasdale and there is
, Carpenter One did not examine il and
, comes before the community aud says
= it is a fraud. Joseph l.. Carpenter, Jr.
did examine it and says ii is not OILY
a not fraud but he put his money in ii.
y Where is the fraud, and where is the
a roitenes,? why, with CrCasdale. 1t all
= centres and locates itself about that Of
flee and comes from there, and there it
: will all go back in the end.
y Now iheresMas another investigation
- made by John Il. McFee, a sworn Officer
y of this State. 1t was his duty to make
- an honest, conscientious examination o.
70 that Insurance Co., and Anyone thai
. knows John r. McFee knows that he il
= the very soul of integrity. The very
~ moment they heard that John r. Nc
: Fee Was appointed-before he had hi.
=, comm ssion, before he was sworn, they
~ asked him to come and make search
ing investigation into their condition
= What does he do? There 'perpatetlC
y assets" were all there when John r
:, McFee comes-they were sworn to Dl
- Bright in 1877, there when Mr.. Bate
= makes his examination i'll the summe
> 1878. there when Carpenter and other
- examined in September 1878, There wheI
:" NJ. McFee made his examination il
1879. "Peripatetic 2" What has tn
" Farmers Mutual? Government bond
~ y, in the custody of their Secretary-ius
y as peripatetic. 1t all depends upon tn
~ honesty of the officer. "Peripatetic
= was an unfortunate work. You remem
~ her here in New York an officer carrie
of a million dollars in government
n bonds, and they have never got then
a vet. They can't steal the land covere
~ Dy these mortgages and take that an
o compare ours with their own institution
~, brought here. We stand upon firme
40 footing to-day than any of them. Of
n they say "your assignments were nc
- recorded" and if there is anything i
~ that argument it is that if there was
VI fire some morning, Mr.. Bright and d.
Tantum, John Wood and Caleb
g Johnson would stick them in the
IT; breeches pocket. Did Levi g. Bird d.
ei mean himself because he would hav
ng u infer that these men who had mad
III these losses in Wilmington and WI
" we're men of large wealth and honore
e- men before he was born-dii this your
70. nan reflect any honor on himself whe
eo he made such reflection upon men ol
er enough to be his father? There is
as wrong unless Vim. Bright meant to ste
" bis mortgage out; there is no wron
re unless DR.. Tantum meant TO steal h
-lu mortgage out and rob the company;the
III. is no wrong unless John Wood meant
rs steal his mortgage out there is no wroI
'te unless Caleb p. johnson meant to ste
a., his mortgage out.
ey NV learned friends Mr.. Bates al
eS Mr.. Bird made exceedingly able arg
~ ments, but they had nothing to VOL
" upon when they come to be sifted
W. tie crucible of truth there is nothir
In in them, and VIM. Bright and d
ia Tantum, John Wood, Caleb p. Jobl
be son, Daniel T. Hawkins, and Mr.. Ca
an Isle and others can hold their heads |
dT and confront the world they court
avs investigation while these slandere
on worked in darkness.
he To go back to Mr.. McFee and l
er- investigation Mr.. McFee came as so
,od as he was sworn and brought with hi
/. a Mr.. Muir. They found precisely t
IL same assets that these other men Ii
be found. Now Mr.. Muir undertakes
90 over the books in three days, a
ms saws nobody can understand anythi
,m- about them, and Mr.. Reynolds says
Dul was about 10 days examining two
a | Al,