Daily tobacco leaf-chronicle. (Clarksville, Tenn.) 1890-1895, 1892-07-14
FIFTEEN CENTS A WEEK
THAT LOTTERY SCHEME.
History of the Organization And
How it Was Worked.
The Records on File Show That the
Louisville Land Company Once
Did Lottery Business.

SOn was tne Chlcag0 man 10
whom Col. Cain disposed of the
valuable charter rights and privileges
of the Kentucky Land Company"
The record OF Col. Gains and
Stinson's connection with the com.
pany is on file in the Circuit Clerks
offic', and was examined by re-
porter yesterday afternoon.
A year after Col. Cain had sold the
charter criminal prosecution was be-
gun in the Circuit court against the
then owners.
w. ID. Gallaher and Isaac Moore
was indicted April /. 1870, for man.
aging and promoting a lottery Tor
money. The charge Was made that
the company, through its agents and
officers, had advertised and sold tick
cts fer a LOTTERY drawing. The cases
were continued from month to
month, but were finally disposed of
September 80, peremptory instruc-
tions having been given to find for
the defendants, who, through their
attorneys, Messrs. Sanders and Nuns,
proved that they were officers and
agents OF company having vested
rights.
The def ndants, in a long answer,
admitted the sale OF tickets, but
claimed their actions were legal un-
der the charter. A copy of the min
utes of the Kentucky Land Company
Is appended. How the first-men-
toned owners obtained possession Of
the charter and its amendments is
not stated, but the record shows the
Kentucky Land Company was Or
g,nized in 1874, by N. W. Warfield,
Jilson II. Payne and w. r.. Thomp-
son. The capital stock was fixed at
$1,000 divided into shares of 800
each.
Bylaws were drawn up which al
lowed the directors to make such
plans for the institution Of lands,
other property and money of the
company by lot or otherwise. No
vember %, of that year, Col. Cain
came into possession OF the stock OF
Payne and Warield. AT meeting
held December 81, 1876, is found re-
cord Of drawing and distribute n If
prizes, which took place October ],
1874, the expenses being paid by G, |.
Cain. A resolution was adopted ac-
knowledging an Indebtedness to him
of 81 ,625 for the expenses OF the draw
ing, and $500 to lawyers for defend.
ing the charter Of the company. 1t
was agreed to pay Col. Cain this g..
l2j out Of the first money received.
May IL. 1876, a meeting was held,
at which the death Of President
Thompson was announced. N. w.
Wa field was chos n in his stead. A
resolution adopted at meeting held
November %, 1878, shows how Col.
Cain came into possession OF the
charter. A resolution was adopted
on that day showing that Col. Cain
had expended his private means to
the extent OF $40, 900, in an effort to
get the company in running order,
for which he was given all The stock
and the accounts squared.
The next record shows the transfer
of the charter from Col Cain to James
Stinson, "that Chicago man." The
consideration was not stated. Al a
meeting held February Is, 1879, Col.
Cain resigned all connection with the
company, and Slinson was elected
president, W. ID. Gallagher, secretary,
and Isaac Moore, treasurer. The
latter two were indicted shortly af-
terward. The new company then
presented propectus Offering prizes
said to aggregate in value $500, 600,
and consisting Of a vast lot OF real es.
tate lying In Chicago and the North.
west. There were named in the list
Of prizes much fine residence proper.
ty in Chicago and forty-six farms In
Minnesota. There is>a record also oi
the advertisement, agreeing 10 sell
$1,000 at 50 each, emitting the pur-
chaser to chances on property worth
5000 900. There was liberal reduc.
tion made to clubs, twenty-one shares
selling for 800, 10S shares for $500 and
/ 200 for 1000. February /, 1879, q
,, resolution was adopted that Stinson
, should pay all the expenses OF the
, echemp- which Ia ag far AZ the record