Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1890-06-22
AFTER BIG MONEY.
BONANZA KING MACKAY SUES STOKES, OF
NEW YORK.
Litigation Arising Over the Purchase Of the HOf-
man House-Defendant Says He Got
Full Release-SOms Of the
Mutual Deals.

New YORK, June 21.-Millionaire Mac
kay. the bonanza king, has sued Edward b.
Stokes and his partner, Cassius ii. Read,
of the Hoffman House, for 1852 ,5g1.!S:
The announcement of the suit, which was
begun yesterday, caused a good deal OF
comment among Stokes friends. III was
known that there was an estrangement be
tween the famous millionaire and the cele-
brated New Yorker, but it was not sup
posed TO be serious.
The suit was brought through Shipman,
Laroaue 4 Choate. 1t is simple action
for the amount stated upon promlssory
note. A number of years ago Mr.. Stokes
PURCHASED \ PATENT
process of street paving. He went to San
Francisco, where he interested number
of capitalists in the scheme. Among them
was John w. Mackay. The silver king
was greatly impressed by the handsome
New Yorker, and they became fast friends.
When Stokes and Read purchased the
Hoffman House, under the name of c. II.
Read Il Co., Mackay loaned them large
sums of money with which to make the
purchase and refurniSh it. The loans were
made at various times before July, 1888,
and in different amounts.
On July 2S there was an accounting be-
tween Mackay and Stokes and Read. IL
was found that the latter were indebted to
the former for S310,000.50 They gave
Mackay
A PROMIssORY NOTE
for the amount, payable on demand at the
New York agency of the Nevada Bank,
with interest at per cent. AT Mackay S
request the name of Hector DeCastro was
inserted as payee, in place of the bonanza
king. DeCastro is Vice President OF the
Commercial Cable Company, which is
practically owned by Mackay. There IS
still unpaid upon this note S352, ,5911S, and
suit is brought to recover the amount. The
LAWYERS refused to talk about the case, and
Mr. Mackay is abroad.
When Mr.. Stokes was seen at the Hoff-
man House and asked about the big suit,
he laughed merrily. ''That doesn't amount
to anything.n he said. ''There are abso-
lutely no grounds for the suit. 1t is all
nonsense. | do not owe Mr.. Mackay a
cent. On the contrary, he owes me large
sum of money We have been interested
in many deals. Altogether, at least -, 900,
600 have passed between us. do not think
Mr.. Mackay knows the state of affairs. He
is too good, too upright man to
TAKE SUCH \ COURSE
if he did understand" Mr.. Stokes said
that Mr.. Mackay's business was of such
hugh dimensions that it was necessary TO
intrust it to others.
"This," continued Mr.. Stokes, ''seems
TO be an old matter. | closed my business
relations with Mr. Mackay in April, lSSS,
and got a full release. l owned the Mer-
chants and Bankers Telegraph Company.
sold it to Mr.. Mackay, who controlled the
Postal Telegraph Company, the CONNER
cial Gable Company and others, for 9, 900,
600. The details of the sale are too lntrl-
cate to be readily understood. 1t is suti-
cient that / received, by one part of the
agreement, a check for $50, 900 and notes
for $3.50, 900, with interest, which have not
been paid. / have instructed my attor-
neys, Judge Towne and Delaney Nicoll,
to bring suit for the remainder. l think II
was to
CoUNTERACT MY SUIT
that Mr.. Mackay's agents ralled up the old
account, which was long ago settled
Mr.. Stokes, in conclusion, reviewed
briefly some of the loans which had been
made to Mr.. Mackay, covering period OF
ten wears.