New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-05-09

EXPLANATIONS THAT WILL re DEMANDED OF
WILLIAM NELSON CROMWELL - CURIOUS
PROCEEDINGS AFTER JUDGE JEN-
KINs's ORDERS TURNING oN
or LIGHT.
At the Mills Building to-day Alfred l.. Cary
Master in Chancery. will begin hearings In the
Northern Pacific Railroad proceedings. The man
agers OF the company are seeking the removal Of
Thomas +. Oakes OF the receivers FOR the
purpose Of placing under revIew. in court the
past acts Of the Willard managers who were ex-
PEELED from Office by the stockholders in 1897 The
master is taking testimony in the case OF the
Chicago and Northern Pacific lease, which II Is
alleged was the result OF conspiracy between
Henry Willard Charles l.. Colby, Edwin ii. Abbot
and Colgate Hoyt. by which 100000 OF the funds
OF the Northern Pacific improperly directed
The Importance OF the proceedings arises from the
feet that IL the present managers can establish
their contention, suits for restitution will inevitably
follow. and the recovery OF several millions from
the Old directors would materially modify any
plaa Of reorganization Of the company.
The officers OF the Northern Pacific have re-
tanned Elhu Root. OF Root & Clarke, counsel.
Sensational evidence is expected at the NewYork
hearing 4 witness from whom important dis
closures looked for IL William Nelson Crom-
well, counsel OF the Northern Pacific receivers.
Mr. Cromwell may tell something about recent
Interesting occurrences In connection with the chi
cago and Northern Pacific deal" The last annual
meeting of the Chicago and Northern Pacific was
held In Chicago on March t. but adjournment
taken to April l without election Of officers.
The adjourned mee,ing, vas further adjougTneSd,
Subject to call on APril Il Judge Jenkins OF the
Chicago and Northern Pacific should be investl-
gated on April H. the next business day, meet,
ing OF the stockholders was summoned. at whch
David S. Wegg resigned az president; being sue
OF the Northern Pacific, and Henry 8 Boute went
out as secretary his place being taken by George
ccvers The same day Mr.. Cromwell is said to
have paid $4,000 to Mr.. Wegg, who sailed ior
tell who could not be reached By subpoena when
the Master In Chaucery began his investigation IN
Mr Cromwell on April l6 had all the books and
papers Of the Northern Pacific in the office OF ths
C93s9 5, ana BEEN sed 6rn%y r their G sa keep
ing AMI after changing the combination went
Chicago and Northern Pacific. being unable to
reach papers. applied to Judge Jenkins. who or
that Mr. cromwell had no right to take away the
papers. Mr.. Cromwell opened the vault but pei0rc
allowing any one else TO have access to the books
and papers ne made a careful examination OF them
and collected such Documents az in his opinion were
ann nt ,bn nronerty ~ the chicago and Northern Pa
cinc Comuany The receivers OF the Northern Pa
cinc. under advice Of Mr. CROMWELL terminated its
last September and the directors or the FORMER COM
pany wonder Why Messrs Payne Miller ana ron I'M
Chicago and Northern Pacific. unless they were De
OF protecting the interests Of Messrs Willard
asked on the witness stand to explain these pro-
ceedings and also give the reason for payment or
s900D OF the bankrupt Northern Pacific Company
funds Messrs Wegg and Boutell. who are de-
pany The present Northern Pacific managers are
less anxious the papers which may be In Mt
Cromwells possession since their discovery or the
letter printed In last Saturday, Tribune from d. s
Wegg to II. S. Boute giving fun instructions for
consolidation OF companies. the manufacture OF du-
pcate corporate seals and Other meth9as nee,
Pacific 100000 lease.