The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1888-04-28
Another Dive After Alleged
Church Property.
MAYOR ARMSTRONG TESTIFIEs
How, When and Where He Pur-
chased the Street Car Stock
Held by Him.

moned to appear before Examiner
Sprague. Following is brief synopsis
of the proceedings, the queries being
propounded By Mr.. Peters:
Question-Mr. Armstrong, how long
have you lived in Salt Lake City?
Answer-About twenty-six years.
Q.-Are you member OF the Church
of Jesus Christ of Latter day Ssints7
Ayes, sir.
Q.-How long have you been a mem
Der of that organization? A.-TWenty
six or seven years.
Q.-Do you hold any official relation
to the Salt Lake City Railway Com
pany2 Ayes. sir; | am a stock
holder.
Glow long have you been stock
holder in that corporation? A lit
tie over year.
Q.-Are you an officer of that cor
poration also2 Ayes, sir; l am
president of the company.
Q.-How long have you been its presi-
dent? A.-About a year; since the
death of President Taylor.
Q-Were you elected president before
or after the ueath of ] ohm Taylor? A
| am not sure whether it was after or
before. l think it was short time after
his death.
Q.-Wnen did you become stock
| holder2 Al purchased the stock,
think, the last of February, 1887; the
latter part of February.
Q-From whom did you purchase that
stock? A.-From Jonn Taylor.
Odd he own it in his individual
cauac1ty. or as trustee in trust? A
He owned it, think. as trustee in trust.
R.-Do you know how long he owned
itr Al don't know; L suppose the
trustee in trust has held quite portion
of that stock ever since the organiza-
ZION OF the street railway company.
Q.-How many shares were trans
ferred to you at that timer A.-2, l90
Q.--Of what denomination? A.-$50
each.
Q-With whom did you negotiate
for that purchase? A.-With Presi-
dent Taylor.
Q-WIth President Taylor himseI
A.-By correspondence and throu !
his agent; also saw him and talked to
him about the matter.
Odd the letters come directly to
you or through his agent? Although
his agent. l don't know but 1 did re-;
ceive one or two letters from him on
the subject. -
Q-Who made tie proposition which
ed to your purchasing of this stock?r
A.-President Taylor made the propO-
sition through his agent.
Q-What proposition did he make to
you? Ale proposed 10 sell the stock
to me; he wanted $25 per share, and 1
refused to give it. -
Q-What did you pay for the stock?
Alt would figure about 500 per share;
something over $40.
s4s.o m 600. HA' 0-0 II amount 10 A.
Q-How did you pay this money!
A.-They wanted all money for 1t. but
couldn't getit all then; wanted time
on it. gave my tie for the $45, 0C9
and was to pay it as soon as could.
Q.-At what rate of INTEREST," AIT
6 per cent.
Q-Wnat was the date of that note
A March LIST or I'd.
Odd you give any security for the
payment of this note2 Al deposited
the stock with the note as collateral
Q-Has the note been paid? Ayes,
sir.
NJ w hcu was IL pdlu Al bulDk
thirty DAYS from the time l gave it,
paid $25, 900 on it.
Go whom did You pay that sum
A 4 paid it 10 President John Taylor.
Q.-When did you make this pay
ment? At was during the April
Conference; about the 9th of April.
Q.-Where did you get your $25 900?
i got it in the regular current CT my
business.
Mr.. Armstrong was here catechised q
long time to arrive at the resources
firm which he derived the money paid
at this time. He replied that he thought
he received some from the bank: that
he drew some from the Deseret Ma
tional which be had on deposit there
To all bis memory be drew out his
bank book. This, however, showed
that he had supposed be had had
more money OF deposit than was
shown to have been there. He con-
Guided that be did not draw so much OF
it from the bank. He stated that there
had not been a time during the past
fifteen years that he could not draw
50 900 10 SIC, 900 any time in fifteen min
utes.
Q.-When did you pay the balance
of that note, If at all? Al paid it |
within two months from that date.
June 9Th.
Q.-When was that? A.-Aloag the |
first of June
Q.-How much did you pay at that |
time? A.-$l0 COG.
Ate p. m. the examination OF Mr.. |
was continued, certificates |
of stock-three in number-reprssent-
ing the stock purchased by him were
exhibited.
Mr.. PETERs-Didn't you also pur-
chase some sheep from the trustee-in-
trust? Ayes, sir.
Q.-Through whom did you purchase
these sheep? Although his agent,
James Jack.
Chow many were there2 Al
About 80, 600 or 10000 head.
Q.-What did you agree to pay for
them? Al was to pay So head for i
them.
Q.-What did the purchase amount to
in the aggregate? About $50, 900, 1 |
think.
Q.-When did you make the contract
to purchase these sheep? A.-Some-l
time in February.
Odd you purchase these sheep for
your elf A.-No, sir; there was a
company to take the sheep.
- 4 n