St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1886-12-10
eets ana nrobahls ON the nolitical ambition


of the judge. 1 am not concerned about the
charges against me, because know they are
baseless'' In reply to an inquiry whether
the decision would interrupt the reorganiza-
tion scheme of the Wabash company, Mr..
Gould said simply: sit rather mixes things
up"
The Times says: Wall street has had no
news in many day-save only the announce
ments that have led to disaster or develop
nents suddenly whirling the stock market
1ward-in which so much interest has been
Itnifested as was yesterday shown in the
decision of Judge Gresham, of Illinois, in the
Wabash receivership case Such bold words
as judge Gresham used are not often heard
from the bench in these days. At one blow
he knocked out one of the wickedest pieces
of scheming and chicanery that this country
has ever known in all it's long line of corpora
ton corrhptiOns.
A BLACK EYE FOR JAY GOULD,
kicking of Goud's dependents out of Off
cial place. a scathng rebuke to Gouds
methods. check to an almost illimitable plan
of rascaIty ana robbery-this from the bench
has seemed sufficient even for wOndernent in
Wall street, where all theories go based on
the idea that 1.-The little man. owns courts
aud has a sort of vested right in everything
that pertains to jurors and judgments. But
there was not more wonderment than admira-
ton. Judge Greshams independence was
everywhere applaCded, outside of the circle
where Gould dependents sing forever the
endless song of their masters praises. The
story of the Wabash receivership mas long
been by-word in Wall street. The receivers
b We been Gould men for years. One was his
lawyer; one has been his hgurehead in 8
dozen enterprises. Gould, among kindred
clever men, was everywhere applauded when
it came about that be had been so able to
manipulate things as to keep the bankrupt
Wabash system in his own hands "for the
protection" of security holders. "Protection"
this was the courts phrase. Jay Gould's
men lost NO time in hurrying to make plain
the tyrannical humor of it. 1t is not so long
ago-Only month or twO-since meeting of
the Wabash security holders was held in this
city.
1T WAS STORMY
to the point of disorder. There were those
present owning Wabash securities VINO
seemed alive to the situation. Jay Gould
was then savagelY denounced On all sides
was dissatisfaction, distrust and denuncia-
ton. None, though, seemed to know just
how or where to turn to get relief. But their
quandart was not S Jared by another part of
the companys security owners Taev decided
on something more than words and wall mrs.
They hired II lawyer; the went searchnr for
an honest judge. Fortunate in getting
Henry Crawford, of Chicago, as attorney to
champion their canse, they were in equal
good luck in finding the chance to get ii hear
ing before Judge Gresham. Henry Crawford,
still young. man, is rapidly becoming the
foremos, rail GA 4 lawyer OF the West lie is
making record seldom paralleled in winning
cases. Judge Gresham, before this case came
before him. had been given an Off .ial eX-
perience in which the audaciOus and double
dealing OF uouidism had been openly Haunted
before him. 7 b is it was told that the
aggreved security holders were sure not
Ony of an able championship. but sure. as
well, of q lull ami honest hearing. That they
,I,.
peremptory decree of the court, after the
trial, that
BONDROLDERs HAVE RIGHTS
and that Gould's men must CO. All this was
what men interested in affairs recited tn one
another yesterday, declaring their glaaness in
the result as told in the Chicago dispatches
The decision will go far. so those who dis
cussed it agree /, to give the investors con-
hdence that lately it has not been possible TO
Gu tivate. In this decision, so the general
comment ran, clear and positive notice is
served on stock lOJberS and railroad wreck
crs that. after all the men VINO pa honest
dollars for stock and for bonds have some
rights which the law will respect. Investors
have been safe in recent years onl by the
grace of stock market riggers TIER in
comes Dave been regular or irregular, as it
has suited knaves in corporate control In
Judge G reshams decree. so those who talk
of it averred, is declared departure from
tBiS Cut-tnrOat regime. How the current
opinion voiced where men of integrity
and sense disc sSed the opinion is APPLY shown
in tnis declaration by gen leman of char
acter and independence. TO whom re JreSen- |
tative of the Times listened yesterday. "lhe |
decree of Judge Gresham Is purifying and in |
spring. Ii gives honest men a chance. 1t |
notifies dishonest men that they must halt. |
So infrequent is it that the strong arm of
the law presumes to be discourteOuS enough |
TO inter- ere i'll any corporate villainy nova
days, that
THE BRAVE STAND
Of the Illinois judge is cause enough for great !
anksgiviug. 1t gives an aSSuta ice 10 peo- |
pie who have money 10 invest that the will |
not be altogether at the mere of schemerS of |
adverse interests. 1t will do the good. too, |
of making sharpers hesitate about attempting
The decision is IN many ways one |
of the most notable that has come from an
American court in many year. My only |
continued this gentleman, lis that |
we do not hear much of this sort of talk in
the East. A little Greshamism in New York |
would De q mighty good thing for the public |
and the public interests"
CLAIM FOR MILLIONS.
In private dispa ch received from Mr.. |
Craw ford, the attorney for MeSsrs. Atkins |
and McHarg in the Wabash litigation. he says |
that Judge Gresham, in his decision on Tues
day, stated that tine Missouri Pacific railway |
should pay the laoor and supply debts" T. |
b. Atkins, who received the dispatch, said |
to-day of that point in the decision: "Tnis |
gives the bon lhOllers what ought TO be |
valuable asset, in the shape OF a claim
against the Missouri Pacific railway amount