The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-05-15


mer assistant secretary and treasurer OF
the Oregon and Transcontineutal company.
was again OF the stand in the Northern
Pacific inquiry today. Referring TO
his statement made on Saturday. the $780,
coo cash had been paid on account of the
Chicago, Pariem and Batavia railway
company, he said he had found q check
for 500, 900 of that 500. CO., which was
made payable to Charles Lobby or ID. 5.
Wegg. but he could not find the check fer
the other 500. 900. as it was in another book
which had been mislaid; did not know who
actually got the money for that check for
S2O0, 600. That money was paid out by the
Oregon and Transcontiuental company
acting as the financial agent for the Wis
consin railroad company
He did not know whether the Oregon
and Transcontiuental company, as imam
cial agent. ever acquired the station pro-
perty in Chicago. Mr.. Petit quoted from
the witness letter, in which he reported
that the company had arranged for the
purchase OF the station property. ana ask
ed him on what be based that statement on.
The witness said he obtained the intorma-
ton from Mr.. Hoyt, president OF the Ore
gon Transcontlnental company, who IN
doubleday satisfied him at the time that
Mr.. Edes said thai 81, 900. AIS 81 was
paid for the Chicago and Great Western
railway company. OF that sum a check
for 81 5l5, 45o on the Farmers Loan and
Trust company was given to Colby. Alb
bott and Hoyt. a check for S275, 600 was
also given to the same person, which latter
check included 500 600 on account of the
purchase of the Bridgeport aud South
Chicago Railway company. Besides that
$780, 900 two notes for 1919. 900 each were
given on account of the Bridgeport and
South Chicago Railway company. All the
notes mentioned were paid in cash when
due, checks therefor being given TO the
Chicago and Great Western company.
The Two notes for $3.50 were paid
with interest by check to ID. 5 Wegg, for
Sl,174. 916. The Oregon and Transconti-
nertaI company did not pay anything for
the Chicago and Great Western company,
other than the s., $40. 494 already MEN
toned. He could not find any other pay
ments on the books aud he did not believe
anything more was paid.
Charles l. Barney. formerly Northern
Pacific director, testified that he consid-
cred the lease Of the Wisconsin Central a
favorable one. He had objected to the
payment of a commission of Pa per cent
and five shares of stock on each 81 600
bond. Mr.. Cakes was strongly ia favor
of the Northern Pacific going 10
Chicago aud his impression was
that Mr. Willard was also, and the
concensus of opinion of all his railroad
friends was in favor of il. The proposed
lease appeared to be the best means of get.
ting there. He had no interest in the
Rocky Fork and Cook City road prior to
January l, 1890.
Mr. Petit wanted to know why the
Northern Pacific had bought coal from the
Rocky Fork company when 1t had an
ample supply on it's own lands!
Mr.. Barney was not sure, but thought
this was done because the Rocky Fork
prices were cheaper than they could mine
1t on their own lands.
Colonel Mcknight here interjected the
statement that it had since trsnspired that
the Northern Pacific road bad no right to
the land 1t sold To the Rocky Fork Coal
company, and that il was just that much
ahead today in the money received from
the coal company.
Cross-examined by Colonel Mcknight,
Mr. Barney told of his connection with the
Northern Pacific and expressed his entire
in the Willard management
aud Receivsr Cakes, whose energy aud fit
ness had done much to serve the best
stock of the Rocky Fork road without hav-
ing any idea that the road was 10 be bought
in by the Northern Pacific.
Il want TO put myself right" said Mr..
Barney. with some warmth. II don't mean
TO have any imputations cast on me. The
facts are Just these: Sometime in 1890 Mr..
Willard came 10 my office in Philadelphia
and told me that the stock of the Rocky
Fork company was for sale at forty
and that he thought it good investment,
telegraphed TO a friend of mine IN Bos-
ton asking him to join me in the purchase
of tue stock, which be did. taking 400 or
500 shares, l don't remember just how
many"
Col. Mcknight having concluded his
OF Mr.. Barney. the
latt er was again taken in hand by Mr..
Petit, who read letter written by the
Rocky Fork Coal company agreeiug TO
supply the Northern Pacific road with
from 500 to 80 tons of coal. IL was shown
that tue coal company did not live up to
its agreement. owing TO its being unable
TO mine that many tons day.
The hearing then adjourned until to-