New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-01-15
PETER WGEOCHS LAST DISA STER.
COMPELLEDT TO PAY DANIEL WELLS $3.50 900
NATURAL GAS-GENERAL TERRY
lBY TELEGRAPH TO THE TRIBUNE

CHICAGO Jan. 14.--The decision of the Wisconsin
Supreme Court that Peter McGeoch must pay his old
partner, Daniel Wells So5o,o0o a result OF their
attempt lard received with great interest
here where McGeOch and Wells have speculated on an
enormous scale In days gone by In those days Wells
gave McGeach free use of his funds. They were in a
pork deal together In 1880 took 300 600 out OF
the Chicago market, good slice of it of Armour.
Out of a wheat corner in September, 1884, they
nearly 100000 But whom they got into the lard
deal, and the losses began to be enormous as to
mount up into the millions, at the very crisis Wells
ran away and hid himself In the pineries. II he had
not done this perhaps the lard would have gone
through On tho night before the collapse McCcoch
went up TO Armour's house and declared that his
money had given out That almost serious
news for Armour for McGe0h, for both he and
Panldnton were loaded with meats and pork Plank
linton had 100000 barrels OF pork In McGeoch's own
Office. Armour came downtown that night and got
private wire 10 Milwaukee. Planklnton went up to
Alexander Mlchell's house and brought him down.
Armour McGeach, Mitchell and Pianknton talked
over that wire all night Armour and Plankinton
each offered to put up $3.50 600 II Mitchell and Wells
would put up s25o,0oo each. Wells could be
reached. Mitchell then appealed to to furnish
$4,000 He asked Armour If 81 100000 would see
the deal through The latter did not TO say that
II would That settled II. The smash came the next
day Then Wells found that McGeoch had cheated
him, and he pursued him as persstentIy he had be-
fore stuck by him
From all indications there is little doubt that an
abundant supply of natural gas lies under Chicago.
Since the first discovery made In a brewery a few
weeks ago, similar discoveries have made In at
least half dozen places 1t has been found Ia the
sr'esan we'll of the Leland Hotel and also In the wells
OF two large drygOodS houses, which are within a
DOCK OF each other In Safest Some experts Of high
authority assert that high pressure natural gas In
paying quantities VIII never be found Lere. Others
oechHe That such gas has already been found, and
aiter having earefsi examinations made tho Cook
Brewery has Incorporated accompany to develop the gas
Pittsburg gas men taking an active interest in
the development OF natural gas for Chicago bpt arc
working quietly Their agents are scattered al, along
the line between here and the end Of the INDIAN.
belt at Kokomo They arc leasing thousands Of acres
Of land wherever they find indications OF gas las,
week . tract OF 1000 acres secured near Val,
paraiso gentleman from Pittsburg said yesterday
that the Westinghouse syndicate, the proessed object
Of which TO manufacture gas In Chicago, was al
ready negotiating with tho Gas Trust here for tho pur-
chase lease Of the gas mains and piping which viii
not be needed when tho consolidation Of the gas
pancs Is perfected He says thst the Westinghouse peo
PIE do not propose to manufacture gas at ALL but have
economical improvements for handling natural gas
They give cut that their intention 10 make fuel gas
In order that their negotiations with the Gas Trnst
snail run moro smoothly The right the mains
secured, the syndicate would undertake TO plpos
gas 70 Chicago even they To bring It from How
ARD County Ind, in the Of falling to find gas
searcr Chicago.
Tia news u 0cnoras Terry's illness in Hsw.York