Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1882-08-13
BuELL,s MONEY.
HOW GENERAL BRADY PLACER HIM IN THE
WAY OF MAKING A FORTUNE.

BUELL'S MONEY.
HOW GENERAL BRADY PLACER HIM IN THE
WAY OF MAKING A FORTUNE.
WASHINGTON, August 12-Mr. A. c..
Buell., editor of Mr.. Brady's two newspapers,
having denied under oath that he had made
Boston Post about his (Buell's) stock specu-
lations with Brady, Nelson was summoned
by the government TO contradict Buell.. The
evidence, however, was excluded through the
strenuous efforts OF the defense. Mr.. Nelson,
being asked as to what he would have testi-
fed 10 had he been examined, gave the fol-
lowing statement, which is interesting as
showing Brady's methods and the newspaper
morals Of his chosen editor;
"In the fall OF 1880, / think some time in
the month OF September, on Sunday evening,
Mr.. A. G. Buell. came 10 my house, or rather
stopped there as he was passing. / was sit
ting on the stoop, snd we entered into a
general conversation. i was at a loss TO
know why he should call on me, as my ac-
quaintance with him was very slight, bpt hs
said he wanted to rent bouse in the Nigh
borhood, and his excuse for seeing me was
that he wanted 70 find out what ! knew OF il.
After staying there half an hour or more
ne asked if | was going TO my office, and on
my saying yes, said be would walk down
with me. On our way down passed
through Lafayette Square, and while we
we're in that park he suggested that we sit
down on one of the benches, as he wanted TO
say something to me. He began by alludiDg 10
his course 10 The Sunday Capital, in which he
had been defending Mr.. Brady and the Star
route contractors sgainst the newspaper cor
respondents who were injuriousIy attacking
them. He said that be had defended Brady
because that gentleman had greatly be,
friended him. and had pat hiT in
.ha way of making what he copsidered
mis- fortune. He said he would ex-
plain TO me how be was under obiigs-
lions to Brady. He had been wnii"g
for some local papers, among WISH thlnk,
vas the Capital. Abort the time that the
attacks began on Brady. aud the cantractors
he wss asked one day, either by Brady 6r .
friend OF Brady, or messenger from him 10
call on Brady. When he went 10 the post
Office department Brady asked him il be
wanted TO make any money. Buell. said that
OF course he was anxious u make money,
and Brady told him he and soE7e trIends
were making up pool TO buy certzin
stock, the name of which forget, alihough
L think il was Southern railroad stock, and
that the speculation would certainly be
very profitable one. He told Buell. he would
ike 10 give HIM share in he sPPeula1on.
Buell. said that he would be very glad TO
have share in speculation which prom,
ised 10 be so profit tAbie, but said that he had
no money 70 deposit as margin. Upon this
Brady told him that be need not trouble him
self about the margin; that be wonld advance
the money for that, and Buell. nigdt pay
him interest on the advance from the profits
ne would certainly make in the
speculation. Buell. said he very
gladly accepted this generous offer,
and Brady, before the interview closed, inti-
mated TO him that. now he was in tro1ble on
account of his official action in connection
with the Star routes, he tBueli) might be Of
great assistance 10 him as a newspaper writer,
and suggested some topics which he might
discuss and the method TO pursue in discuss
ing them. Mr.. Buell. seemed to consider
that perfsetly legitimate proposition from
Mr.. Brsdy, and entered into the agreement,
out OF which he said he made large sum OF
money. / think the sum he mentioned as
having made was $4,000, the larger part OF
which he put into the Capital newspaper and
the rest OF which he speculated With. l
think he said that he lost good deal OF the
balance. A0ell said that after that he con
sidered it his dutf 10 stand by the man who
had so greatly befriended. hiEs, even il he
believed him guilty. He then asked me II
did not consider the whole transaction per-
pectIy legitimate, and if even the highest.
toned eorrespoadepts here would not have
done as he bad done in defending friend
from attacks made upon him."