The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1890-05-30
CHICAGO STOCK YARDS.
SOON TO BE TRANSFERRED 10 AN
ENGLISH SYNDICATE.

NC .
Western Stockholders Give Their Con-
sent-News from All Quarters.
When it was announced, q few months
ago, that an English syndicate was
e~ndeavoring to obtain o controlling
interest in the Chicago Union stock
yards the entire live stock in
terests of the country of the country were
intensely interested in tie result of the
negotiations ut that time in progress. AS
in snear!y all commercial transactions OF
considerable magnitude the s~trictest Sc
crecy characterized the negotiations be-
tween the stockholders of the Union Stock
Yards and Transit company and the agents
OF British capital. Iude ed, it was even de-
MED that any sale was either pending or in
contemplation. Immediately following q
narration OF the facts in the Times there
was q sharp telegraphic correspondence be-
tween the Bo,ton owners of stock in the
yards and the Englishmen. Western hold
| ers of stock became alarmed and q brake
was temporarily put upon the transfer. A
few days ago the matter was reopened and
| a final sale of the yards is now upon the
| eve of consummation.
4NhtuhOAel AAuye1y ~ 1Dootohs u ~
Vanderbilts, who hold the majority of the
stock in the east, recently consented to
part with their holdings for $50 cents on
the dollar. Russell H. Monro, who has
been the agent Of many important deals
between English and American capitalists,
laid the offer before the City Of London
Contract corporation, by whom 1t was
accepted.
The capital stock of the Union Stock
Yards aud Transit company is Sl3, OOO, 900.
At the price on which this transaction is
based tho whole property would be worth
$40, SOC, 900. A half interest would there
fore amount to $3.50, 900, but the pur-
chasers not only obtained tho stock owned
by Mr.. Thayer and the Vanlerbilts, but
that of a few others who have consented to
join the deal. Western owners of stock
do not care to sell at any reasonable figure.
John Sherman ard Nelson Morris, two of
the largest stockholders in Chicago, ure
known to be averse to q sale at any price.
The exact extent Of the capital stock
which may pass into the possession Of the
Englishmen is not ascertainable, but
whether it be much or little the effect on
the yards will not be appreciable. The
Union Stock yards belong to the west,
Their growth and present commercial i'm
portauce are due to Chicago and the west
ern men. They awe always been unde,
the practical control of Chicago men, al
though the majority Of the stock was
owned in the east. It will make little
difference whether the stock is owned by
Nathaniel Thayer in Boston, q Vanderbilt
in New York or any set of Englishmen in
London.
Nelson Morris said last night: The sale
has not yet been consummated, and hardly
will be, without my knowledge, but the
figures are correct. The yards, with all
the railroad franchises and other nppur-
tenances, are one of the most valuable
properties in America, and, while the price
mentioned is high, it is not 81 above the
actual value"
II don't own any stock in the Stock
Yards company" said P. D. Armour, but
l think the facts Of the sale are now we'll
understood. don't care to talk about o
business matter in which I have no inter-
est, because that would be meddling in
other peoples business. l understand the
purchase price of the stock has been
agreed upon, but that's all I know about it.
The sale will be closed in a few days if
the western owners will consent to sell Of
the price which the eastern ones have
placed upon their stock. The Englishmer
are ready to pay the money as soon a.
they can secure options IN enough stool
to give them an easy majority on tn
shares.
Shellcnberger, the DoyIestown. Pa. Forger
A pitiful scene was witnessed in th'
Doylestown court when j. Monroe ShelIen
berger, who embezzled and forged to th
amount of 500, 900, was sentenced Il
twenty-five years Imprisonment Their
were seventeen bills Of indictment agains
tho prisoner, covering the crimes O
forgery and embezzlement. The ordeal O
entering the court room proved too mucl
for the once popular and talented lawye
who, as district attorney for Bucks county
had made his brilliant reputation at th'
bar of this very court. As he entered thu
dock he shrark from the gaze of his forme
friends and kept his head bowed. Con
gresham Robert Yardley, who came from
Washington to assist in his defense, sat q
on of the tables. AS the bills o
indictment were read loud groanI
and sobs cana from Shellepberger
His counsel entered the plea of guilty il
each case. Sh%ellenberger acted at time
like a mailman. He opened his handker
chief and threw it over his head, rubbing
his head and face with it, and nervousl,
shook the ratings of the dock with hi
hand and foot. Eventually he leaned hi
head forward III the rail and buried it i,
his arms, rocking himself on the seat lik
O person suffering from acute pain. A
one time Shellenberger groaned so lou
and sobbed with such anguish that th'
judge, in nervous sort of way, told tn
district attorney to hasten his work ant
get it over. After oil the indictments wert
read and q plea Of guilty was entered ii
each case, witnesses were called to shoy
the character and extent of Shellenberger'
rascalities. Several witnesses testified
and, Us the testimony was brought GU
bearing upon the most aggravated and un
p%ardonable cases of rascality and deceit
Shellenberger rocked himself violently i,
the dock, tossed his head, moved his hand
about like a wild man and cried aloud.
Judge Harmon Yerks, an old time per
sonal acquaintance and q professional ant
political associate Of the prisoner for man,
years, pronounced the sentence Of the
court. 1t was anticipated that he would
give S~hellenberger o heavy sentence, blu
nothing like what he gave him was looked
for. Judge Yerks drew himself up ant
addressed the prisoner IN a low, husk,
voice, in which there seemed q Sigh
tremor OF emotion. Shellenberger neve
raised his head, but went on grooming ant
weeping violently. Finally the words
dropped from the judges lips, Twenty
two years at solitary confinement, with
hard labor" Shellcnberger gave a groar
of anguish and almost sank to the floor
The scene caused quite q commotion
Tn blow seemed to stun the prisoner. II
was necessary to partly carry him from the
courtroom.