The evening world., 1894-05-11
V|LLARD'S PAYMENTS MARKED
Edes Produces Oregon and Trans
continental Books in Court
Wheeler II. Peckham Makes Objec-
tion-Queer Cash Transactions.

'hS "NSoNibhNioi III III dlltktu IT.
resu'arities Of the Willard management
of the Northern Pacific Railroad Com
pany was resumed this morning before
Master In Chancery Cary. In the little
office In the Mills Building.
The first witness to-day was w. d.
Searles, Nice-President OF the Farmers
Loan and Trust Company, who VAS re-
called, and asked by Mr.. Petit II the
Trust Company had any record OF a
resolution passed by the directors of the
Rocky Fork and Cook City Railroad,
increasing its capital stock from $4,000
to 2,Ooo, oco. -.
ness.
Col. Mcknight took occasion to deny
that the stock of the railroad had been
raised from 1910, 900 to s.. 200 900 without
authority. He produced a minute book
containing resolutions ordering the In
crease.
Mr.. Searles was excused and Mr.. Edes
resumed the witness stand, He had been
asked Yesterday to produce certain books
continental Company, of which he was
once Assistant Secretary.
He had brought the books-a Journal,
minute book and ledger covering the
year 1859.
Mr.. Eies, who Is also Secretary and
Treasurer Of the North American Com
pany, lOentlIlel an entry IN the le1SeT
showing the receipt of the consideration
for the general mortgage bonds of the
Northern Pacific Company. deli vered to
the Oregon and Transcontinental by the
May and June, 1889. This would seem
to substantiate Mr.. Pettit's statement
that the millions alleged to have been
stolen from the Northern Pacific found
their way into Oregon Transcontinental
and the North American companies
which were Wizards two pet enter
on the other hand. 1t is claimed that
the o. T. was merely acting as the
fiscal agent of the Northern Pacific In
these transactions, and that all the lat
ter Company received was the regular
commission for such services.
Extracts from the minute of the Exec
utive Committee Of the Oregon and Trans
continental were then read by Mr.. Pet
pany was selected by the Wisconsin Cen
trail and Northern Pacific companies to
act as fancial agent in securing the
terminal facilities In Chicago. represented
by the then consolidatei roads.
The minutes of this meeting, which
was held on Jan. IS. 1890. in New York,
agreement with the wisconsin Central
to carry out this consolidation of the
Chicago Terminal lines. and gave him
large discretionary powers: 49,
minute-book, which included a long list
of subscribers to the sl9, 100000 CONSOLE
dated mortgage bonds of the Chicago
and Northern Pacific. one Of the indi-
vidual subscribers was Brayton Ives.
who subscribed for 800. 900, and another
was Henry Willard. who took about
1000. 900 in various lots, but always IN
syndicate. it is said. was organized by
Mr.. Willard.
on the ledger was an account with d.
S. Wegg, which showed a debit OF S,l2O,
900. while he was credited with a similar
amount in cash and bills receivable.
Mr.. Edes said that these represented
payments, made under the syndicate sub
90 per cent. OF the SIS, 900, 900 subscrip.
tons" asked Mr.; Petit,
Ibid the Oregon & Transcontinenta,
ever get. it?"
Not that | know"
stood that this bala ce should be re
tanned by one of the syndicate sub
~ don't know. l only accounted fol
hands"
Quite a sensation was created after
recess by the appearance OF Wheeler H
Peckham for Wizards former private
secretary, Charles A. Spoford. who hat
been s~ubpoenaed as a witness. Mr.
Peckham stated that he had advised hl'
client to decline to be sworn as a wit
ness.
He declared. however. that the objection
was II the authority, of the Master II
Chancery to compel the witness to testi.
~. He argued hat the Circuit Court OF
Wisconsin had no jurisdiction to institute
the proceedings here or to issue a sub
poena in this State.
He also said Mr.. Spofford would declin,
to produce the books called for in the sub
poena on the same ground.
Mr.. ckh and his client withdre
and Mr.. Petit then proceeded with tn,
examination OF Mr.. Edes in the attempt
to find out what had become of th'
money received for the 100000 worth o
bonds of the Chicago and Northern Pa
ciic Railroad. subscribed for by the syn
dictate.
Mr.. Ede said he was certain tina
s4,oco,OOO subscription for the Deutschel
Bank of Berlin, Henry Willard ant
bankers, had been paid in; He produced
orandum was kept of all the amounts
we're ali checked With III Y"
1t appeared that about half the sub
scriptions. were not paid up: Mr.; Ede'
mentioned several that he thought hat
ments We're in full.
Som of the big checks paid to d. G
Wegg, the intermediary between the
on June 2, 1890; for sl,5o7 $50. 45 on tn
drawn Tor si5l, ss2. i, slo2, ass.ss, $4,000
anu sSf,DiS.O.. AnblIl"T tIlfth was bl'tl
to Wegg on June 26 for 1929. O54.37.
These checks were deposited to tn
credit of various persons, includin
Messrs, Colby, White Abbott and Col
Mr.. Edes also produced the optic
contracts for the purchase of two of tn
Chicago Chicago termina properties
which were read and offered in ev'
dence. The contract for the purchas
!, of the Chicago and Great Western wa
missing and the witness did not kno'
/ whore 1t was. The details of these cor
: tracts We're gone over at great length
Mr.. Edes could not, however, give tn
, names of the subscribers by whom tn
money was paid in to the Oregon an
Transcontinental Company.
I N-nAl -rl - IIIN N-~nxI