St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-09-19
INSTRUCTED TO ROB.
The Startling Testimony Given b
Young Holcomb.

The Startling Testimony Given By
Young Holcomb-
The book carries the proof of this svs-
temahe course Of robbery directly 10
the doors OF the officers OF the elevator
companies in an affidavit by a Young
man named HoicoTnb. This affidavit
asserts that Holcomb mixed wheat for
many firms while employed by one OF
the Pllsbury elevator companies, and
that such mixing was done by and with
the instructions OF the officers OF the
company. The latter gave such inStruc-
tons. he swears, with the knowledge of
and by the consent Of the directors OF
the company. He also SAYS IN his afr
davit That he was Instructed by Charles
a. Pillsbury 10 skin ali wheat and
raise" ali grades Oh all wheat which
was loaded out Tor shipment to other
mills than those OF Charles A. PiIlsburY
d CO., but 10 be very careful and not
mix any wheat intended for The mills of
the firm of Charles A PillSburv < Co.
1t is alleged that Charles a. PlIlsbury
was member Of the elevator company
which Elm ployed Holeonb.
There are forty or fifty letters from J.
Il. Hiland, general managerof the Min
neapolis Millers' association. the So
called trust. United States Senator
Washburn, Charles A. PilIsbury. c. II.
AmsdeIa, general manager Of The Min
neapolis and Northern Elevator COM
pany. owned by the PiIlsburys: s. A.
harris. president OF the Northwestern
National bank, Of Minneapolis: Z. Car
din. general manager of The Northern
Pacific Elevator company: d. NJ. Rob
bins. president OF the Northwestern
Elevator company. and others. These
letters all agree on the point that the
elevator companies of the Northwest
have made enormous sums Of money
during lie last few years, and each
letter Is cOrrooOrauVe evidence that the
profits ranged from - 10 SO. 20 ana 30
per cent On capital stocks ranging from
$500, 600 TO $1,000, 900. Mir. l'illSbHry and
others who wrote the letters probably
never imagined that those written TO q
Paris bank in 1889 would get back TO
America and be used IN the presidential
campaign OF 1892, nor did IL occur 10
Mr.. Pillsbury himself that The letter
written To Arnold. the Larimore farmer.
and the letter TO the Paris bank the
first TO point far distant III the North
west ana the second TO & point
thousands Of miles away in Europe.
would ever come together and be used
as proof that Mr.. Pillsbury and those
associated with him had deceived the
1dIHlEIS -dltO lie 4tSb VI LIS WOI4Q Oh
this side The Atlantic as TO the Profits
which they were making out Of the
wheat business.
From letter written by Mr.. Pillsbury
10 the Paris bank. it appears that the
Minneapolis and Northern. one Of his
elevators. averaged during six years a
little more than 80 per cent dividends:
that the Empire Elevator company, in
which Mr.. PillsbUrv owned half the
stock, averaged for several years 20 per
cent dividends; that the Northern
Pacific Elevator company. the leading
line On the Northern Pacific system of
railroads. averaged SO or 20 per cent
DIVIDENDS" TO quote Mr. Pillshury's
exact language. ana that the North
western Elevator company averaged -
Der cent dividends Tor i've years on
500, 900 capital. Mr.. Pillsbury said that
Van Dusen Il Co owned the largest
line on the Northwestern railroad sys-
TEN in Minnesota and Dakota. and
/ without knowing much about IL. he
would not be surprised If they made
larger dividends than any other ele-
vator company in the Northwest.