New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-08-27
THE CINCINNATI SOUTHERN SALE.
MR.. HOADLY'S EXPLANATION.
ABSENT IN EUROPE WHEN THE SALE WAS MADE
NEWSPAPER CRITICISM.

| ABSENT IN EUROPE WHEN THE SALE WAS MADE
NEWSPAPER CRITICISM.
IBY TELEGRAPH TO THE TRIBUNE.l
CINCINNATI Aug 26.-Ex-Governor Underwood,
the manager of The Ne,cs Journal rode out to East
Walnut Hill on Saturday evening, where Judge
Hoadly confined to his bed with malaria.
to have talk with him regarding the charge
that has been made concerning the missing
$223,017; representing money paid or Supposed to
have been paid for the stock of the Cincinnati,
Ncw-OrIeans and Texas Pacific Railway. The
matter affects Hoadly in this way: the missing
money. or the stock 1t represented was distributed
IN the office of Hoadlv johnson g. Coleston.
The result of Ex-Governor Underwoods interview
with Judge Hoadly appears in the form of the fol-
lowing editorial in The Necs Journal of this morn
ing:
of the article; ito inqaire into facts aud dates
rHs the formation on1 Of ia" the Cincinnati. " New W.
orleans aud Texas Pacific Railway. Judge Hoad-
ly had been several months absent Europe,
and that he did not return until several weeks
after the organization OF the new company now CON
trolling the Cincinnati Southern. We further hud
personal inquiry with the president that Judge Hoadly
Texas Pacific Railroad, aud President scott
emPhacay says he hssD VIII tina vUusn t6a
SttsHaSs the % transfer Of the lease Of the
Southern Railroad Frederick Wolfe TO the present
rccIy 81 Them We find that on the paw rolls and Official
records Edgar NJ johnson is mentioned counsel.
Edgar NJ. Johnson is the Johnson
in Hoadly's law firm. The Ners Journal
complains also that the matter should have been
used for political effect Replying to this article.
The Commercial Gazette will say tomorrow editori-
ally:
We have repeatedly said that the Is politi
cal. IL OF business In whi hundreds OF the
best people OF Cincinnati deeple concerned They
have lost money OF them good doai OF money,
they could Ill spare taking the stock OF the railroad In
which the city has special interest and pride. There
| are S223,0l7 20 myHtsriously missing What
| became Jf that money! The last known
OF IT, II in the office OF HOady, Johnson < COlstOn.
did nothing leasing rhe road but draw the additional
ause thai the trustees should be paid $4,000 year
| KIttredee drew the lease We tod that ir.
Kittredge wants an Investigations Hell good man 10
| examination until after the election Why
| The Neirs Journal meuti0ns that Mr. Hoadly
was in Europe. Very well But The Netrs Journal
spare pandtiOns considering tue proctna-
as our contemporary nothing further 20 ofer
| There must have been neat JOo OF bookkeeping
| 10 cover up S223.O17 20 for SO long a une
The appearances tnat there were people paid
very high rates for equVOcal services Let Us seq the
stub book or bank Tue invest gaion could be
made IN wcnty. hours. What want Is The bill OF
particulars the immense discrepancy. $223,Ol7 20,
which by ns would at tue low rate OF interest on
Government bonds amount 10 more tha quarter OF
| million. We expect The NeTs Journal 10 insist
| upon an immediate elucidau0n OF tho mys-
| tery OF tho discrepancy. The fact that
Judge Hcadly In Europe does not cover the whole
ground The nye5tigatJu should take place before the
| rlrctlou Tie sinking Fund Commissioners nave the
aui bority To make II. There should be delay. The
pro position investigate should DO Instantly seconded
and urged by the trustees OF the southern Railroad