Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1882-05-15
THE PERUVIAN COMPANY.
Queer Things Told by DR.. Stewart About
shipherd and His Schemes.


NEW York, May 13th.-The World has
the following: A Philadelphia correspondent
visited DIR. Franklin Stewart, and asked for
information concerning his reputed connec
lion with Snipherd and the Peruvian Com
pany. Stewart manifested surprise at first,
and protested that he could say nothing al
though he did not deny that he knew all
about the objects and acts of Shipherd. he
said that If he should tell all he knew, and
express his real opinions concerning Shipherd,
he would very likely lose all mis- large invest
ment in the Peruvian Company, and proba.
bly, subj oct himself 10 prosecution tor libel
by Shipherd. Gradually. however, he be-
came more communicative, and explained
that the original Cochet claim was divided
into twenty parts by Peter Hevener, con-
temporary ard competitor OF Henry Aleiggs
In Peru. Tgelve-twentieths Of the claim
were sold or transferred to James Mont
gomery, now Vice. President Of the Cattle
Car Company at No. 5 COrtlsndt street.
New York. 0ne-twentieth was sold to
a Philadelphia named Carey, who re-
Gently died. Heyeuer retained a por-
ton and DR.. Stewart took what
was one fifteenth Of the whole When
Shipherd appeared on the fcene with
his scheme for Peruvian Company,
est to him on the understanding that he
(Shipherd) was to purchase the remainder of
the claim. Ia fat, the doctor understood
that Shipherd had already contracted to pur-
chase the shsres held by Montgomery, Heve-
uer ard Others, and that he was to organize
| what is known as the Peruvian Com
| pany." All those parties refused to sell to
! Shiphsrd, bus Re went promptly on with
the organization OF the company on CAPT.
talization of s25, 600, 600. The only basis for
! the company, therefore, was the one fifteenth
| -. ~, I'D - -
| on payment Of 81. "Shipherd was ready
enough to pay me that dollar to make the
| sale legal, said DIR. Stewart, but that's all
/ the money ever received from him. The
/ only cash transaction between US has been
/ this transfer of money from my pocket to
his. As l employed him as my lawyer to
| perfect my title to my fifteenth of the Cochet
claim. agreed to pay s., 900 for that service,
and l have paid him all but 81, 600"
"Then the only basis the Peruvian Com
pany rests on is your one fifteenth part of the
| original claim 2" asked the reporter.
The doctor replied: "Yes, sir that is all
the bottom it has. Montgomery refused to
| sell his twelve-twent;eths and Hevener, Blair
and others hold on to their interests. Ship
herd elected himself President Of the COM
| pauy, and follower named Lyman, think,
| Secretary, aud / was never given any notice
| Of the election Of officers, or q meeting OF the
company. So far as / know. Shiphsrd is the
/ only stockhoider. and the ssocE is that one
fifteenth which l weakly let him have. and
| for which he never paid o cent beyond one
dollar. All that have to show is piece of
paper from Shipherd which is utterly worth
les. Il cannot be negotiated in any market
| in the world. It cannot be used as writing
paper. In fact, it is useless. Ii | had that
stock ! could sell il at an hours notice. Only
two weeks ago 1 was offered sci, 600 for it"
The doctor declined stating who made the
offer.
81 wish dared talk more at length on the
subject, finally &C t..dued tue Doctor. But
1 il Shipherd learns that have told the real
history Of his so-c3lied company, he will make
me smart for it. You see l am In his clutches
st present, because l was foolish enough to
transfer my stock to him, and il he chooses he
can deprive me of all the value it may possess.
I can't talk with freedom. as Hevener and
| Montgomery csn I only wish could. That
man Shipherd is the smartest man l ever
cams across. He has been making capital
for several months ont Of the Peruvian Com
psny, although the whole thing is sham
and fraud from beginning to end. Then be
is model letter writer. I've got bushels Of
letters from him that would make delicious
reading, can assure you. ! understand that
he has pile of extracts q fcpt high from
newspapers concerning his company on which
he proposes TO base uBnuulbercd libel suits
BE keeps clerk employed in arranging
these clippings in a scrap book. He Is q
genius in his way, and all these congressman
who are making such fuss over him are
wasting their time There is nothing in the
whole thing. My money is all there ever
was invested, and my stock is all there is Of
the company. | only wish | dare talk more,
| but / am afraid of Jacob. He is terror.