The Weiser signal. [volume] (Weiser, Idaho) 1890-1904, 1894-05-17
MILLIONS ARE GONE
No Record Was Kept of Gigantic
Northern Pacific Deals.
WILLARD MIXED UP IN 1T
Rockefeller and Other MAgnAtes Also
Took IA Hand Counsel Has Asked
For Time to Explain.

Pacific investigation yesterday permits
sion was given C. w. Wetmore, presi-
dent of the North American company,
to appear as counsel for Edward Edes,
secretary of the Rocky Fork and Cooke
City company. Edes produced the books
of the Oregon Transcontlnental, which
were put in evidence. The books showed
that when the Chicago & Northern
various properties, the Oregon Trans
continental advanced $1,000. 600 or
So, 900, 900, sold most of the bonds at 90
cents on the dollar and received com.
mission Of rer cent. The minutes OF
the meeting of the Oregon TRANSCRIPT
mental directors January IS, 1890,
created sensation, as they showed
the plan of leasing the Chicago b
Northern Pacific to the Northern Pacific
was fully understood before the forma-
ton of the former and 1t was formed
with the intention of so leasing through
a lease to the Wisconsin Central. This
has always been denied. Twenty mill
lion dollars In bonds of the Chicago &
Northern Pacific, sold at 30 per cent,
should have brought $4,000, 900, but
only about 100000 900 appeared on the
books as received and there is no record
which purchasers paid.
"Mr. Edes,' said Mr.. Petit, ION the
list of subscribers TO these bonds | nd
a subscription of over 81 100000 by the
Deutscher bank, J. H. S. Stems, Henry
Willard and associates. Was this sub
scription ever plidl' "I don't know"
replied Edcs. ~ suppose 1t formed
part of the lump credited to the case"
"Have you nothing to shcw that 1t
was received" mot here" said Edes,
'the check book may show"
every WE'LL" replied Petit" "now
here is a subscription of c. L. Colby for
himself, Mr.. Rockefeller, Mr.. Hoyt, Mr.
rrever, Mr.. Abbott and Mr.. Colgate for
RI 100000. Have you anything to show
that this sum was ever paid2' moth
irg,' replied the witness, confess the
check book docs So"
"But, my dear sir" said Petit, "yo,
did not receive millions without making
a record Of where they came FROM
"Well, they came from the subscriber
to the bonds" said Eies, 'but there Il
40 record OF separate payment b,
them"
All receipts from subscribers wer
Jumped, and no itemized list of pay
ments was kept so far as can be learned
It was difficult to show whether tn
: Willard syndicate did or did not pay TO
their bonds.
While Mr.. Edes was on the stand tn
search for the persons who did no. pa,
: for their bonds grew warm and lawyer
and witnesses got very much tangle
, up in intricate questions, mostly o.
; figures. Finally Mr.. Mcknight, cour
sci for the receivers, suggested tina
. perhaps the records of the transaction
with the United States Trust compan
and with the Chicago & Northern Pa
: ci6c would throw some light on III
, subject and asked for their productlo
this morning. The meeting then ad
] journed until this morning at l
/ o'clock.
: Mcknight afterward explained tina
f, 1t would probably appear that tn
8 missing 81 900, 900 for the bonds ha
= been obtained through the Unite
n States Trust C, mpany, and of cours
q would not appear on the books of tn
1 Oregon Transcontineptal company.