The Corvallis gazette. [volume] (Corvallis, Or.) 1862-1899, 1894-02-09
HADEY REVIEW REVIEWED.
c. c. Hogue, a Knowing Ex-
Employe, Refutes Many
Statements of MIR.
Hadley.

has been examining the final accounts and
reports of Mr.. E. W. Hadley, late receiver
of that company, and claims that the re-
ports are not complete in that many items
which are properly chargeable to Mr.. Had
ley's report accompanying these accounts is
full of gross inaccuracies. In fact, not a
single item is stated correctly therein. He
says the fact that these inaccuracies are
made the basis for an uucalled for attack on
the administration of Col. T. E. Hogg, de-
mands public refutation, not only because
this report has been widely circulated in
the press, but especially because it is made a
part of the records of the circuit court. Re.
ferring to the fourth item in that report, Mr..
Hogue says:
"Of the large amount of indeb-
tedness spoken of by Mr.. Hadley, $685.
4693l was for judgments, salaries, material
bills, for the purchase of steamship William
cite Valley, etc. land for interests, discounts,
and commissions on receivers Ger ;iticates is.
sued for these items, which were anjudged
preferred liens upon the property, existing
prior to the appointment of Col. Hogg as
receiver. The amount Of indebtedness
properly charged to Col. Hogg's term as
receiver is S4OO, S.39
.'Mr. Hadley claims that SAC, 900. 90 of re
ceiver's certificates were sold at par, owing
to confidence inspired by his appointment.
Affidavit filed on behalf of the Blair
Wharton faction prio, to Mr.. Hadley's ap-
pointment show that this money al
ready subscribed. The certificates were
never sold at all, but were deposited as ad-
ditional security, the time of the men being
the original security, tr ansferred to Mr..
Hadley as trustee.
"By a systematic course of newspaper
putting, Mr.. Hadley did inspire confidence
in his statements that he was making more
than operating expenses to such an extent
thas he was able to buy lsrge quantities of
material from those who to-day bitterly
regret their misplaced confidence.
Fifth, he claims to have saved 500, 900
per annum as compared with Col. Hogg' s
administration. Col. Hogg was in office
% months and Mr.. Hadley 10 months. An
average of the indebtedness for ten months
of Col. Hsggs term is .Sl4I, ,677.3O, and
Mr.. Hadley's net indebtedness will no
doubt prove not less than $l3l, 4OO. Sc
This amount is obtained by taking the debt
he reports, Sl27, ,733. 49, and adding thereto
a very conservative estimate OF the
amounts not yet reported and properly
chargeable to him, and deducting his expen-
ditures on account of the Oregon Develop
ment Company and of Col. Hogg's payrolls,
and the material aud available assets he
turned over to Mr.. Clark.
''The net amount then appears to be $751;.
SOC. sc, and l am sure when all fees and
bills for services are finally settled the
amount will be much more than that. At
this figure the difference between his net
amount and that of Col. Hogg is only one
tenth the amount he sets forth in his paper.
This amount will be found to be more than
covered by the greater expenditures by
Col. Hogg for repairs, as will be found in
table shall give you later.
'Mr. Hadley claims that he saved 500, 600
per year in the salaries of the general Of
fee force. Leaving out the salaries of Mr..
Nash and MIR. Bryson on the one hand, and
those of Messrs. Fay and Guest on the
other, these gentlemen being attorneys, we
find that the salaries of general officers and
clerks in Oregon were under Mr.. VIM. M.
Hoag SO, ,56S per annum less than those un-
der Mr.. Hadley. If we include the sala-
ries of the New York Office we find the
amount in Mr.. Hadley's favor only S4.3l2
per annum instead of $4,000.
''He claims to have saved "a 500 per year
in the San Francisco Office. That office was
conducted by the Oregon Development Go.
prior to Mr.. Hadley's time so l cannot get
the figures, but conclude if any saving was
made it was made by abandoning the city
Office. When we consider that the mer-
chandise delivered to the Southern Pacific
at Albany, in November, 1898, was less than
forty per cent. of the amount for Novem-
ber, 1892, we may we'll doubt if this was
not imaginary like the other savings he re
ports. He claims $4,000 saved by using
wood instead of coal on the steamship, but
in his secret report to the Blair. Warton
faction he only claims at the rate of So, $50.
When the extra weight of the wood and the
mnch greater space it occupies are taken in
to consideration, competent men claim that
q great loss was incurred by this policy, be.
cause of the reduction in the amount of |
freight carried.
"Mr. Hadley claims to have saved 20 per
cent in purchasing material. What of it?
Every one knows that prices have declined
fully that much during the past year.
Sixth, he gives list of officers whose
places he claims to have filled. Those
familiar with the fact know that he had
three men to assist him fill those positions,