Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1884-06-30
PACIFIC SLOPE.
ILAsr NIGHTS DISPATCHES 10 THE RECoRD-UNIoN. !
CALIFORNIA.
The Cotton Case-Deposition of Leland


II
Stanford.
SANTA Rosa, June 2gth.-In the Cotton trial
yesterday the deposition of Leland Stanford was
read. Deponent testified that the business rela-
tionS between General Cotton and the defend
ants were that the former was a stockholder in
number of corporations in which the Others
were also interested, being also an officer and
Director in several of them. At the time of his
death defendants held his note for the balance
due upon the mllllon-dollar note, and Cotton
was also according 10 witness information and
belief, indebted to several corporations for Vari
Gus sums appropriated by him 10 his own uSe
without authority. The assets of his estate con
sisted, in great degree of stocks and securities
OF variable value. Deponent goes on to state
the particulars of the opening of negotiations by
Mr.. Wilson for Mrs. Cotton He informed vii
son that himself and associates preferred to have
Mrs. Cotton meet her husbands OBLIGATIONS and
continue with them, and suggested thai she try
ana get some capitalist, Daniel Cook her SON
ln-laW, for instance, to advance ner the money
necessary to take up the note and satisfy the
other Obligations Atterward, at Wilson'S and
TeVis solicitations she consulted with Hunt
ington and CrOcker in the matter urging a set
tement. Deponent never knew that Mrs Col
TON was ulsSatlSfeu with the settlement as final
lymade until notice Of the commencement of
the present suit was brought
On croSS-eNamnation the deponent said that
persons holding stock in the Contract and III
nance Company actually subscribed for it, and
did not hold il in trust for Others \ director
received no salary, except perhaps, s. for each
board meeting he attended. Dcponent did not
know that these directors all held other posi-
tons IN the employ and under the control of
any of the defendants. The money necessary
for the operations of the company was supplied
by the stockholders or secured Us loans upon the
security OF Its assets. He did not know that the
contract and Finance Company books had ever
been boxed up and shipped ont of the state to
London or elsewhere. in order to conceal them
from anybody. Believed that they had been
destroyed. together with large mum her OF her
hDAkS 1,lV i,.. =. .,ft 81
contract ami Finance Company was originated
Dy himself and associates hoping that
It would prove powerful iactor in
furthcring the objects of the Central Pa
cifc Railroad. Deponcnt did not remember
ever having spoken OF his associates aS partners
They were not such. Were not liable for each
other indebtedness except by regular power
OF attorney Witness first met Cotton Il number
ol years since in relation to the Rocky Noun
tam Coal and Iron Company business Crocker
took Cotton to look at the mine and Cotton be-
came manager Oft. Atterward they all became
interested. Deponent did not know of any
money ever having been spent for "Sccret
service. Never knew of any loans or gifts to
journalists, in order to secure favorable mention
IN the newspapers. Dcponent never, To his
recollection, either in his cOrrrSpuudencc or
otherwise, spoke of his associates and himself
as a firm. Gould not state who owned the
southern Pacific bonds sold by Huntington in
New, York 10 the syndicate. Did not think any
bonds We're sold III 1880 TO Speyer Il Co.
Pending the reading of the deposition. the
Court adjourned until next Tuesday morning.
Not Railroad Receiver.
SAN FRANCISCO, June 29th.-An incident in
connection with the Cotton case was the service
Friday OF notice upon counsel for the defense
by plaintiff : attorney that an application had
been filed in the Superior Court of SOnoma
county, praying for the appointment of re-
ceiver for the Central and Southern Pacific
Railroads. The petition sets forth the general
fact of the bringing of suit against the defend
ants, and then makes the allegation that since
the suit now in course of trial was originally
filed, defendants have Intentionally pursued a
policy which has led to Il general depreciation
in the market value of the companies securi-
ties. 1t is charged that the intent of this policy
was so to affect the assets of the companies that
in case the suit should be decided adversely to
they would be able to plead their in
ability to satisfy the Judgment Wherefore the !
plaintiff prayS that the Court appoint receiver
for the two corporations The petition was |
sworn to before the County Clerk of Sonoma |
county, and the notice gives the defense ten |
days in which to answer and show cause why |
the petition should not be granted.
4 NISAPPREHESsION.
SAN FEANCISCo. June 29th.-In the above, the !
reporter miSapprehended the object of the peti- |
ton. What the plaintiff asks for is that the
Court OF Sonoma county appoint u Receiver to
demand and take possession of the bonds and
stocks owned by General Cotton at the time of
his death, which Mrs. Cotton surrendered tothe
railroad people at the time OF the settlement
ment and place the plaintiff in the same rea-
tion TO the company that he held Immediately
after General Coton's death.
Disastrous Fire at Red Bluff.
RED BLUFF, June 29th.-LaSt night about 10
o clock fire started in the Sierra Lumber
Co.'S planning mill, on the east side of the Sac
river, opposite Red Bluff The alarm
was not given until the mill was enveloped in
flames. but the tremen were prompt and arrived
in time to keep the fire, from communicating To
Z t,s,N g1sl,,
from the mill was StOrehOuSc containing
so, 600 doors and "A like number of blinds sash !
etc, valued at over 100000. EmberS and sparks
from the burning mill fell upon and around
men of No Engine were held within |
the hail OF fire, they manfully stuck
by the machine, and saved the stOrehousc |
the loss being not more than few doors |
scorched while il use to shield the firemen |
from the intense heat. The steam engine |
plowed through the sand and took up Il position |
on the river bank and forced two good streams
upon the flames. The mill burned for an hOur |
and a half. Nothing was saved f1om within it, |
and several men who live close by had u mar |
row escape in striving to rescue the books and |
papers from the office which was separate the |
liameS travelling so rapidly The heat was so |
intense that people half a mile from the mill |
strongly felt ii. and the flames were seen for |
thirty miles This is the second time the mill |
has been destroyed by fire. 1t was finely |
equipped with new machinery. The mill was |
built about year ago, the people aiding in its |
by subscribing over S. 600 The owner.
L. {. Gaupner, estimates the loss ut $4,000. The
was 900. There We're about one hun |
bred men employed but their loss will not be |
30 heavy rs there as big demand for labor in |
.hc harvest fields. The origin of the fire is not /
really known, but strong belief prevails that !
i was lncendary. y few minutes before the |
ire was discovered several men, supposed to be |
trunk, were in the vicinity, conducting them |
selves IN bOisterouS manner and some believe |
hey were the parties VINO did the work. Gaup- |
oh. fl,.rn
hat the mill would he DESTROYED. The loss to
faupner is complete, not saving anything but
MS books and few other light effects. The |
toorS and SasheS were the property of the Sierra |
Lumber Company. The loss will be kcenly felt |
)y our people, as the mill furnished work for n |
number of families, and the industry was one |
we took much pride in There is not much |
prospect of it being rebuilt The machinery. |
With the exception of the boiler and engine, |
was destroyed.
Burned-WrestlinS and Racing. |
GRASS VALLEY. June 29th.-Friday evening |
about o'clock fire broke out in the house of |
lanes Stead. on Washington street, and within |
l few minutes had entirely destroyed it, to-
yether with the contents, there being but little
saved. The fire originated from Il defective
luC. The loss is about $50; insured for $500 in
he Western Company.
Beginning Thursday July Sd. there will be
hree days of Cornish wrestling at this place.
md for which there are offered purses amount
ng to $3.50 WreStlers from Virginia City and
)ther places will be here.
Under the management of \. D. West there
will be two days races at Watt Park, beginning
uly 18th. The purses aggregate s., $50, and the
,ntreS for the races, both running and trotting
ire numerous and promise excellent sport.
Blaine and Logan.
ORovILLE. June 29th.-The OrOville Blaine
md Logan Club had very lively and enthusi-
stic meeting at Union Hall last night. Ad-
lresSeS were delivered by General A. L. Hart
md Judge s SOlon Holl, and the climax was
cached when prominent Democratic politi-
ian and member of the last Legislature Gp-
,eared on the platform and declared for Blaine
md Logan.
VACAvILLE, June Doth. - The Republicans
Elected the preliminary organization of Il
5laine and Logan Club here last evening. The
hub starts in with one hundred and twenty-five
lameS on the roll.