New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-07-30
ANSWERTNG JOHN 7. FARUELL.
WILLIAM sTrRrrs TAKES Up TIE CHARGES
AGAINST HIN REGARDING THE TEXAS
-. - ~ 4

william Stur-e>. who g now involved in litigation
with Jonu Y. Farwcl. Of Chicago. over the Texas
lauG syndicate altar has published lr IN" 'hl'a-o
II raid an elaborate reply e. thc recent letter Of
Mr. FalvcN AGAINST him. d"nYinc The charge maze
against INN and giving history Of their business
relations, Mr.. ~tuigcs declares hat the statements
r,:do against HIN were made for the purpose I'll prlu
d,irc the pi.llc and IN" COurs, and then ne taxes
up cla,cr attcr charge y his opponents. First he
G,cio. that lc ever done mp" farwcll for $4,000"
,.,ior to 1,-I. Tile .tatcmcut.r he says. ION %,
face carrie. u. own fciutaOu. for the public hn""
thai neither John Y. iarwel Charlie l.. F1r"cH
u,r ADuci Taylola looL They had known mr."
,. twenty i've year, auA had Gtlackmdilrd, cheated
ID, .tludlcd John Y. Ont " 100000 :, IT rcas"nai"
T., uppo>c that they would have given me tine -nh'tm
,ud control If - many million, OF properly lHc
f,ci. are that prior 10 --i John y. FdrWel ana my
.cf bought upon joint account certain properties "'h
We believed 10 be very valuable. and Upon "hl'h ne
,,.ccd tbc -n Of about 100000. taking the r'c ~
. .,,r.rtv in hi own name. >uIhcc 1t 10 say thh he
Thea, tct.ycd a., strongly as did myself In the VaH'
81 The property purchased and was Wiling ana 81"
take It on ;he terms proposed. The fact that >""
orc.,ixth of ,Aat property for $4,000 cash ana We
,,t4 me money with h~ firm, and that the balance
vod roday sell for at lca~ 9l00000, is so'd cvIden'
that M FarWcll was neither awihdied nor lmPVe"
upon b, me-
\cxt ne explains how he Kept Mr.. iarwell from los
i,. =-OOoo IA cash an the Indiana Iron Mining com
any, mine ON Lake superior, and then ftr- INTO INC
r,.r. If the TcAa. land dinicultics OF his efforts
10 secure British capital lie says
r. N,v 1--3. | met John '. Fdrwc IN New orl
Cv on nj, way 10 London 10 raise money 10 DuiIu Wv.
capitol o Texas which his 'SndGaS ha' Go't I,'
a. mild for 3OOoouO acres OF Ihid III lhat NLit,
Ntnui the end Of that year, ana alter seven OF ct'
months aL,oncc. hc returned, haNHg I1,rn an, IT,,
t,s,r1 alout the TcNa, deal s1ld 10 MN tho"s"l
" ,,as good 1hing and that II well managed thc
i.orc, could be raised that "ae gong 10 LOhuV'
and Tnlld undertake 1t If ne 90 desired, ana nc'
Dr,,tI he could Try and raise the money ~ tmcica il
no. sblc lie said thcy "cohlf sr a2n$ WIN ?L0 w.
r0n han would Ike 70 have tJ000O00. sailed ipr
irc',n connecting british capital and American III
dustric. aLont In ruins and the greatest Tcjhdte cA
Iicd ,0,ln-t American enterprises, ana cNpcciaIN -
,oaust land cattir and ranch ,rIeincs. "oTh'u
""''i,elr for months strong and hopeful when AL
he srnd, had gathered about me we're hopeless ana
discouraged. !, 1aru,.u .,,.Iori,cd mo
., ,,tcr I,mds hearing interest With 100 per cent "i
stock AZ bou,. bat with the agreement mat "hc tne
bonds ana interest paid, dnd t. sloh hau ~
crvrd 100 per cent in cash az olN'uchIs MN 80"
t.cE .bI,ld Ln given back. THIS required payment
az t,ro for one on ms basis arranged Tor about
~ 100000, with g0Od outIDM luL ~ n' i'i,cd
Statns and wrut 10 Chicago for a conference ana 10
fnIly rcnorl progrc,s Wien stated the facts, g D.
Tarwen objected 10 putting any more money III, ,n.o
cattle / tGd them il wa, not gong conccTil' lncr
wa nothing 10 ,hOw income 10 pay Interest ana uat
this lnu,i he He finally said Well can You ger hESt
million !7 and ! said believed u con-" ~, uDlc' a,
Farweu returned with me 10 London. Al my SuRga,~
lion We decided 10 iry and get better terms me
Manchester and Lancashire Pcpr WIN S'o'm nc
arrangements had been made IriursN 10 (na nan Io
Later on I finally ro them into IL "a the amount oi
100000 100000 by giving them 20 per o''ht Is ,
In stock j. V. Farwell raised some hqhet ,olG 600
IN shares IN addition 10 the bonds Nhllc ~ AcrI ..
L. Il. FaTwcll put down In "rillg WIN "e "'ouS''