The morning call., 1893-01-19
SUSPECTS A JOB.
William Graves Is Very
WatChful.
A Complication Which May Result In
There Being No Sale of the
Donahue Line.

III there is a job put up in this railroad
deal am going to make 1t cost dear to the
promulgators Of the scheme" said William
Graves, the manager of the North Pacific
Coast Railroad, in speaking OF the sale of
the Donahue road yesterday.
Mr. Graves has filed bid with the Supe-
rlor Court of Marin County for the $4,000
shares of the San Francisco and North Pa
cific Railroad.
Ladenburg, Thalman 6 Co. OF New ork,
together with the Selgman Bros. of the
same city, where both firms are engaged in
the banking business, have also filed bid.
which, however, is considerable lower than
that If Mr.. Graves.
There was some jugglery on the part of
the executors of the Donahue estate. who,
IN their haste to have the Seligman bid ac-
cepted, showed that they were anxious to
have the road pass into their hands.
But Graves offer is in the hands OF Judge
Angel0tti, and he knows that 20 matter how
prejudiced the executors may be they have
no jurisdiction in the matter
Therefore he feels confident that unless
higher figure Is offered for the road than
the one he presented the award will be
made to him.
higher bid" said Mr.. Graves YESTERDAY.
land that Is. If the Southern Pacific Com
pany desires to buy the road, because for
any other parties the property would be
worth less than it is to me-"
OF course it has often been limited that
the Southern Pacific Company Is the party
for whom the New York bankers are acting.
but there is nothing definite known about
this.
III these surmlses should prove true, the
Seiigmans may raise their bid before Feb
ruary "a. the day set for decisions.
Graves will be on hand to meet this emer-
gency. and unless they put their figures too
high he will 90 them little better.
That Is what he meant in the opening
sentence of this item.
Upon complaint filed by George Lezins SKY
for Mrs. Susan Lowe legatee under the
will Of j. NJ. Donahue, deceased, citations
were issued by Judge Angelotii of San
Rafael for 5. j. Murphy, g. w. Prescott.
Russell Wilson, Nj. Lilienthal and Seligman
Bros. to testify to the ownership and estab-
liSh the Donahue estates interest in twen-
ty-one shares of stock held by the Seligmans
and claimed by the executors of the prop
erty of the estate and held out from the
Trust Company by j. NJ. Donahue These
twenty-oDe shares are portion of the a. 600
shares recently offered for sale.
j. u. Murphy and q. w. Prescott wrote
letters stating that they only held the stock
to qualify them as directors and transferred
1t to the estate when they ceased to act.
Russell wilson Swore the stock he held
zone sharr) was his own. as LiIfenthal had
given it to him, and Lillenthal testified
that Donahue gave him the ten shares that
qualities him S director.
Scott did not seem to know ANYTHING
about the stock in his name, as to where it
came from or who owned it personally.
The executors have neglected 10 esta blish
this ownership and now instead of 4. coo
shares there appears TO be Al, 979 shares de-
liverahle in case of sale.
This action on the part of Mrs. Lowe. by
her attorney. presents r complication TO the
confirmation of the sale of the railroad on
the Oath prox.