New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-07-21
THE FAgWELLS ANSWER STURG ESS.
MEETING THE INJUNCTION on TIE CAPITAL
FREEHOLD LAND COMPANY WITH
A CROSS BILL.

Chicago July oO.-John V. Farwell Senator Charles
b. Farwel Congressman Abner Taylor and Lawyer
George F. West0vcr have filed an answer TO william
eturccss's bill on which he obtained an Injunction
recently restraining a sale of 6,l36 shares OF tle
Capital Freehold Land and Investment Company, ana
seven fOreths Of the Sonora Land Company sturgess
claimed that this property was given by him as
collateral security for note for $4,000 made to him
by John V Farwel in part payment for raising between
~ 900 900 and 50 900 900 of British capital to aid
the Farwen syndicate in building the Texas state
Capitol. The defendants deny that the note was even
given part payment for any services, but tiEt II
was a simple loan from John V. Farwell. Mr.. FarweD
confirms pretty generally credited report that Stursess
got into him. in several schemes for large amounts
He says that prior to 1854 SurgeSs had worked
him for about 100000, the merchant losing mat
respectable sum through the acts, advice aud pesua
sion" OF Sturgc,s In that year SturGcSs went to Lon
don on private business, and offered while there To
get subscriptions for the Texas plan then beng PUT
foot lie reported his return that he had got SUB
scriptions for large amounts. This statement farwe
found to be false visit to London in 1850. lie
says he found hc had been mlslcd By Sturges'. lie
organized the Capital Freehold Land and investment
Company and contracted with Kensincton IL Co.. OF
London to negotiate and sell It's debcnures at thelr
own expense they to receive stock in the Capital
Company equal 10 80 per cent Of the bonds they should
sell rebate contract provides for the transfer TO
StIrgcss of one-haf te shares Of the stock to be
issued under the contract with KensnSton and by
Strgess transferred to Farweli. Farwell says that
tho Kensington Company raised only Sl4oOOo OF SUD
scnptiOn. and then rcpudated the rebate contract
Farwc had buy the rebate contract OF the company
for $4,000 sterling in debentures Of the company at
6 per cent. and it transferred 70 the name OF
strgc,s who acted as agent and trustee Of far"ell
representing that the Kensingou Company Woah not
deal directly with the merchant Farwrl says uHl
trge,s did this to get the tiuc n hI' own name "ltl
thu intention Of claiming Owuet,iip. On the return
TO America Farwell demanded the contract but SUR
scss refused 10 surrender II, cllming 1t as his own
The defendants bought it to cancel it, but Stur-
ress claimed the right 70 perform its conditions ana
Threatened if the defendants did not recognize MS
rights, that h, wOuld Join with the Kensinetoh Coh-
pany and ruin the Capital Company
To avoid trouble Farwen entered into contract
Of arbitration which senator Farwen and '"hsre>'
man 1aylor refused to ratfy and sturee's then went
ro certain Offices OF the Capital Company Ia LONDON
and threatened suit. Fearing embarrassment anu
destruction Of The company's credit Far"eI SAYS h'
eat his mariners 10 agree to another arDltauOh COL
tract wnerat -turse,s became oyerbearinS ana III
,olent intermeddled with Gcfcntants aHa'rH anu PI'
cured the dismissal Of manager OF the '"pah'' Io'
all Of which stUrecss claims ml'eH entaU & =" n, tbc
r,,n,ltion pretending that he was all inc ue ~ '
t.teYdant,' service There was a po,tpolchet oi
and threatening. and FaF"c! SAYS tiA'' 20 IN % hnd
Tc released several large and valuable Grains ne ~
~fUTgrS- for none, N'''t''t mn
.r,"t. of land which with IN, claims untcr IN" a'Wa
tidn -tur.oss is aid have sold To fot'eF' L"Nc'
a. 60. tor rJootN =. ,,...r,u a.,
In Iunc l--O. after all this John v far~cu m
dosed $4,000 worth Of paper FOR otlrse-' aud - W
pocars la buy stock Of the sonora Land company =
Lsrr could nor use the paper 50 irdorsed ana
n,.r-.d Fl,r,I, with conspiracy, and threatened ~
' ., tl. - 5Jo.OOC. lie hnay agreed nW TO-
,Itbouch LAWYERS were engaged II FarweA WDhd p.l
MIN - 80 900. Farwcll did and took - HiE ~
note Tor the amount secured by he collaieIdl' lhe
defendant say, that Is the story and asks IN c"'
XII for an injunction and accounting against s'usess'