New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-05-12
BORING NORTHERN PACIFIC.
EDWARD EDEs A WITNESS BEFORE THE
MASTER IN CIIANCERY.

MORE IMPORTATION EXPECTED TOMORROW AS
TO WHERE THE DIFFERENCE BETWEEN
THE VALUE OF PROPERTY BOUGHT
by TIE NORTHERN PACIFIC AND
| THE PRICE PAID FOR IT WENT.
The Investigation into the methods OF the former
| managers OF the Northern Pacific Railroad Com
| pany was resumed yesterday morning before Alfred
| l.. Cary. mastery In chancery.
T.. d. Searles Of the Farmers Loan and Trust
| Company. reappeared as a witness. In rerly 10
questions by Silas w Petit counsel OF the COM
pany he said that he had seen no record OF reso-
| luton passed by the directors OF the Rocky Fork
and Cook City Railroad Company respecting an IN
crease In the capital stock from $4,000 TO s-.1o0o,
but suggested that the increase had undoubtedly
been authorized before the receipt by the Farmers
Loan and Trust Company OF the stock Colone' Nc
Naught referring to the minutes OF the directory
meetings Of the company. showed that such au-
thorty had been granted.
Mr.. Scares retired and Edward Edes who was
treasurer and assistant secretary OF the Oregon ana
Transcontlnental Company. was recalled. Mr. Edes
IL also secretary and treasurer Of the Rocky FORK
and Cook City Coal Company, and secretary ana
treasurer OF the North American Company. He
brought with him minute and account books bearing
upon tho transactions OF the Northern Pacific with
the Oregon and Transcontlnental Company. G. w
Wetmore presented himself as counsel for Nj Edes
This proposition objected 10 by MT fetul couh-
sci for the stockholders. Mr.. Wetmore explained
that as president OF the North American Company.
which was the successor OF the Oregon Transcon-
tnental he had a right to appear. because some OF
the books which Mr.. Edes had been requested u
produce had into the possession OF the new
from the old organization 1t was finally decided that
Mr. Wetmore could remain. as custodian OF the
books but that he could not serve as counsel Tor
MIR Eles.
The light was then turned on the books 50 far as
they possessed entries bearing on the subject In
hand Mr. Edcs testified that the ledger showed
only the cash consideration received for the ChcaBo
ana Northern Pacific bonds and from whom such
cash er1anatel. There general exploration OF
accounts resulting In Increased confusion at every
step OF the proceedings. Finally Colonel McNaught
produced a book which Sir. Petit welcomed with
the remark that Il doubtless contained the mix IN
the cocoanut" and Mr. Spooner suggested that the
milk" should be Administered to Mr. Petit mt once.
and the book " s. handel over II minute
book OF the Oregon and Transcontlnenta! Company.
and Mr.. Petit offered the minutes or numerous
meetings in evidence He began with those OF the
Executive Committee OF tho Oregon ard Transcon-
tnental Company. which WAS hold here ON January
IS 1880 at which present M Hoy;. Mr. Colby.
Mr. Rope~ Mr. spoNord ard MI WctmOre. and the
proceedings Of which bor- upon the consultation
OF the several roads forming the Chicago and North
ern Pacific. This pan. II Is said. contemplated the
turning ov..r OF the Chicago properties acquired BY
''' '"'I'''- ~ ~, -, -, % ,sao
which according TO the minutes. Mr Willard was
present ~ this meeting Mr Willard was authorized
-. e.. N-,-.t.., Did. ,,l Nt-fa.,r sf.t
10 p'Fr'" HoM TIE No'''ei" RACINE ava v ~ '"'''
Confra. any sums that In hts julgurr might he
.-..f--, .. .....,,.....,,. 60. ,.,r Ito :, sac-,s
'"t"-' ~ 49,,
was authorized 20 avail MINIS y also oi vi" '''4'
of ite oregon AMI Transc1nuncnial Pr The per
,~t-, ~ -be ,--,rI ,-l,r-t,ur,e thu. aiI out The
i"-''e" o. ''' N'""' - .''-'''
ACQUISITION %, the rights and franchises II the
C,,t.,o, o.l gr..f r...t.rn Oh. C.-lgo. Harlem
t. t 1901, ,..t...,,
AL BATAVIA. "i4 'i' '''-h '''- --.' ''''" '''-'a
Railway companies. comlris"l TIE cul mat was ="
, .,,.t .l g.. r.or-fshirp outll'iea g. be
W '"' w. '' 3D.,
absorbed rfrNi.h-y Ny We N'''.'I" ii''"' '"'"
rarv As Q, 49,. cost o. inc Northern Pacigr. that
,....,.. .....- ,.f s-..,. ,,,o.rr Tn.
Wa '''' MY "'' Doe
synI!-tt- soru.r - fiV" gone a.arg 10 f''-o'nH
done. IA 90 t.- .I'..r.e frI without thought -
.f.. .... ,,.-.,...q I'm .l.e ,y.v
enc i''i''h "'f ' ''''' "
The fact vs. "T"iAif OUT N r.e ''T' '"7'
through TIC testimony q SIR tica. mat The
u. f.tf l-l.r fINIfu