Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1893-02-10
FRAUDULENT ACTS PROVEN.
CONSERVATION Caused by the Sanlenc.
Ing Of Tho Prisoners.
YOUNG Lrssrrs SHEDS TEARS.


N'si"i h'us " - luo expectation
that the sentences o, the prisoners In
the Panama trial would be delivered
this afternoon, brought eager crowds
TO the Court Of Appeals building, and
five minutes after the doors were
thrown open the room Was damned
to sudocntion. Presiding Judge Per.
vier read his decision after having
dismissed the prlaoncre' plea that they
should oenoil, by the statute OF limita.
lions. The charged fraudulent pro.
coodinga against Ferdinand De Les
reps, Charles De Losseps, Henry Co,tu
aud Marlus FontA!ne were hold TO be
proved. On this point tho judgment
referred to the oompAry's methods In
issuing loans, mendacious official bul-
letins, and the persistent pulling dore
by the press nt the instances OF the
directors. Ferdinand De Ltsseps,
aided and abetted by his son, Charles
Nj. Collu, anu fontaine, perslstuntly
concealed the operations OF the canal
company In order that shares might
not be affected uninvorably. The
directors dealt with underwriting syn
dicsios, which, ~ far as utility was
concerned, were fictitious and known
10 lie vicious. The expenses nec,s.
tarlly attendant upon the Issue OF
lonus were grossly exaggerated by the
directors, which also constituted the
fraudulent act.
The plea Of tho defense, despite the
fraudulent acts Of he directors, was
not amenable, because the loans speci-
ally In question had not succeeded.
The deciaiOn was pronounced worth.
less In Wow Of the evidence that the
directors scfupled to expose the capital
Of the company to risks involved In
fresh Issue, and even reiterated the
promiics TO complete the canal with
the proceeds OF loans. There the fraud
ulent intent was the same, whether or
not the purpose was carried. The In.
tent was proved by the fact that the
sums paid Barren De Reiuacb, Hugo
Oberndoiier aud others could not be re.
garded rs having beer subscribed for
the purposes TO which they were put.
In dealing with Gustave Eifiel's
breach OF trust the decision said Eifisl
received Sl20,0O0,000 francs for the
construction OF ten locks, ana promised
10 complete them by 1890. The evl-
deuce had shown that he had not even
purchased the specified material neces-
sary for the construction OF locks. He
had pretended, furthermore, to fulfill
tne obligations he had undertaken,
while In reality he simply misappro-
prla,ed the iunus.
Immediately after the reading Of his
sentence Einel left the court room with
hls counsel, whom he instructed to
appeal to higher court
Charles De Lesseps and Marius
Fontainc remained under arrest. Both
looked haggard and disheaftonei as
they departed with Henry Cottu for
the Office OF the public prosecutor.
The chamber OF indictments pub
lihhed It's reasons for throwing out the
true bill found by NJ. Franqueviils
against NJ. Rouvier received a Panama
check for 80, 900 francs In 1858 from NJ.
Vlngto, the chamber held that no con-
nection had been established between
the acceptance OF the money aud M.
Rouvier's vote on the lottery loan
bill.
The sentencing Of the prisoners in
the Panama trials caused the utmost
conservation. Charles De Leeseps
was calm during the recital OF the
decision, but burst into tears when he
heard the sentence passed upon his
father. NJ. FOntaino was Frustrated.
Charles De Lerseps telegraphed, In
forming Madame De Lesseps OF the
result VI the trial. The general belief
Is that the sentence will never 10
executed against Count De LessepH.
This fines were the utmost penalty,
but they Will not prevent an action at
law 10 recover the money squandered.
The only possible appeal from the
decision given today IL the one ~ tho
court OF cessation for reversal OF the
sentence.
The excitement caused by the au-
nOuncement OF the sentences In the
parliamentary lobbles, on the streets
aud In the cafes surpassed anything OF
the kind since the opening OF the
Panama investigation. The worst
feature OF the situation Is that the sens
tenors failed TO dispel the suspicious
dot ufa Of the people us TO the honesty
Of governments Intentions, The
coo 81 between tho treatment accord
Ell 10 Rouvier anu that to which tho
directors were snbjectei is the subject
OF muon bitter criticism. While the
heavy sentences have yindicated tho
administration Of justice, they have
failed TO restore confidence Ia the poll
teal world. This evening the houses
Of the convicted directors were
thronged with sympathlzers and jour
nalists.
THO American Railway Union.