Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1891-06-21

thousand dollars. He met the court on the
same day of his application to Bonner. The
court thought such application should come
from Gould's attorneys. The reason he
made the application was because the
funds were on hand. Over 500, 900
was in the hands of the receivers. Fifty
thousand dollars was paid on account of the
Judgment. The remainder was used by the
receivers in paying interest, salaries of en-
ployes and in bettermentS to the road.
Gould's Judgment was for $500, 600. There
were two or three times when there was
sufficient cash on hand
TO PAY THE JUDGMENT,
but the receivers were compelled to use it
for other requirements and obligations of
the company. There is less than $40O, 600
on hand now. He thought instruments on
the judgment could have been paid from
time to time, but it would have been
at the expense of betterments to
the property which were in progress
for improving the earning power of
the company. The receivership is existing
on Goulds Judgment, which covered the
floating debt The appeal of Attorney-Gen-
eral Hogg does not delay or will not hasten
the discharge of the receivers. The parties
in the litigation regard the pending appeal
with grave apprehensions.
BY Mr. GreSham-The witness knew the
attorneys well who represent the various
interests in this case, and the moment they
thought their interests jeopardized they
would resort to every legal remedy to pro-
tect the interests of their clients. Already
the Farmers loan and trust company had
filed suit in the Federal court at Tyler to
tahe this case out of the hands of the state
court. The creation of this committee and
this investigation were the exciting causes.
BY Crane-AIl know who instigated Mr..
Whittaker's letter to Judge Gerald, which
was the starter. Mr.. Whitaker repre-
sented Jay Gould.
Characterization by Duncan-The wit
ness recapitulated the opposition and fling
of the protest by Gould and others, to the
appointment of receivers and their ami
mostly thereat. He had heard parties
representing these interests were hos
tile to Judge McCord and had heard
q good deal about their trying to make an
effort to impeach him. He had heard no
by Whitaker and Bonner. McCord did
not reply to his letters, nor was he Ghe
witness) opposed to the appointment
of Campbell as special master. McCord
had not been able to meet the wishes of all
and has had a hard road to travel. Some
are satisfied with his actions, others are
not. This investigation is the result.
BY Mr.. Gresham-ThiS committee was
appointed for two purposes, one is to be-
smirch the governor and his admins 6ration,
the other is to
INJURE AND DESTROY M'CoRD.
By Dupcan-The Mercantile trast COM
pany, the Farmers loan and trust COM
pany, Jay Gould and others could have
moved to dissolve the receivership if Gould's
Judgment was paid. He knew the Farm
nrs' loan and trust company had filed suit
in the Federal court by having seen the CT
tationS.
This closed the testimony of Col Hern-
don, which was exceedingly voluminous,
and only the salient features are given here.
Judge Gerald, the author of the resolu-
ton, then arose and stated that as the let
tiers upon which that resolution was predi-
Gated had been called into question and
alluded to in the testimony
of the witness, he demanded that they be
read and admitted into the rec ord in justice
to himself as well as to full understanding
of the motives that actuatei him to
take the position he had taken,
aud that he was willing 10 stand by
his action and go before the people
upon it. He was no mans catspaw,
was acting upon his own responsibility and
in line with the best interests of the peo-
Pile of the state He therefore demanded
that the letters be entered in the record so
that the people could see and read them.
He had every confidence in the gentle
man who gave him the information
which led to the offering of the resolution,
and he believed he. like himself, was actuz}