The sun. [volume] (New York [N.Y.]) 1833-1916, 1890-07-21
JOHN V. FARWELL'S STORY.
NE SAYS HE HAS BEEN TIE DUPE OF
IMAM WHO WAS AFTER HIS MONEY!
III. Merchant Prince Asserts That Hc
eavo Mr.. SturGea Lots OF Money After
he knew He Was Belng Swindled,

The Merchant Prince Asserts That lac
cave Mr.. Sturgea Lots OF Money After
He Know He Was Being Swindled,
CHICAGO, July 20.-John V. Farwell, Senator
Charles b. Farwel, Congressman Abnor "ay'
mr. md Lawyer George +. Nostover have filed
an answer 10 william SturGes's BILL on which
he obtained an Injunction roccntly restraining
a salo OF 6,136 shares OF tho Capital Freehold
Land and Investment Company and seven
fortietls OF the Sonora Land Company. Stur.
goa inserted that this pro porty was given by
him as collateral security for nots fol
$4,000 mado to him by John V. Farwoll, In
psrt payment for rnising between s4,00O.0OC
and t5 600 900 OF British capital to aid the Far.
vol syndicate In building tho Texas State
Capitol.
rho defendants dony that tho note was over
given as puri payment for any services, but
shat 1t was u simple loan from Joha V. Far.
well. Mr. Farwell says SturGcs got into
him /" in several schemes for large amounts.
He says that prior to 1854, Sturgcs worked
him for about 800 0U0 tho merchant losing
that sum through the "acts and persuasion II
OF sturees. In that year Sturgos went to
London and offered while there to get SUBJ
scriptions for the Texas plan then being put
oil foot He reported on his return that he
had got subscriptions for large amounts.
This abatement Farwell found to be false on q
visit to London in 1850
lie says he found he had been misled by
sturgos lie organized the Capital Freehold
Land and Investment Company. and con-
tracted with KensinRton Co, OF Lcndan to
negotiate and soil its debentures at their own
own expense. they to receive stock In the Cap
ital cqmpany equal to % per cent. OF the bonds
tney should sell A rebate contract provided
for the transfer to oturges of half the shares Of
The stock to be Issued under tho contract With
SturH0B transferred
Fsrwell. Fnrweil SAYS the Kensington com;
pany raised only $4,000 OF subscriptions. and
then repudnted tho rebate contract farwell
had to buy the rebate contract of the company
TO- Sl5,OJ0 Indebtedness OF the company
name OF Sturges. who acted as the agent and
trustee Of farwel representing that the Ken
sington company would not deal directly with
Farwell says Sturges did this to get the title
In hia own name. with the intention OF claim
Farweii demanded tho contract, but SturRes
refused to surrender It. claiming IT IS his own.
hs he the Wod
snRlon ana ruin the Capital company. 10
avoid trouble. larwell entered into q contract
gresham Taylor refused to ratiy. and Stur
ges then went to certain othcers OF the Capt.
IL" Fearins Embarrassment and destruction OF
the company's credit. Farwell says he got his
partners to agree to another arbitration con-
and insolent intermeddled with the defend
ants affairs, and procured the Dismissal OF q
manager OF the company. for all Of which
sturges claims himself entitled TO compensa-
ton pretending he was ali the time In tho de-
PENDANTS service. There was postponement
or the arbitration. and StUrges again became
clamorous and threatening. and Farwei SAYS
that to quiet hi he released several valuable
claims he had against Sturges. for money.
decided him valuable tracts OF land. which. with
his claims under the arbitration. Sturees is
S600,00u.
In June, 1889, after all this. John V. Farwell
endorsed $4,000 worth OF paper for Sturgcs
and c. W. Rogers to buy stock OF the Sonora
Land Company broker could no. use the
well with conspiracy, and threatened to sue
him for s2.OO,.OO0. He finally agreed not to,
although lawyers were engaged; i Farwell
took Sturgess note for that amount, secured
by the collaterals- The defendant says that is
the true story. and asks. in a cross bill. Tor an
Injunction and accounting against Sturges