The Wichita daily eagle., 1894-02-02
CHAMBERlAlN'S STATEMENT.
The Denver Capitalist Denies the
Charges Against Him.

NEW YORK, Feb IA. d. Chamberlain
of Denver, who was arrested in this city
Yesterday on the charge of fraud, has
made statement, in which he says:
1.-THE allegations of fraud and deceit are
absolutely untrue and not founded on
facts, but preversion of them, In the
spring of 1890, the Chamberlain Invest
ment company. in connection with Hon.
Robert McCarl. William Copps and Henry
B. Tolland of Fort Worth, purchased of
Mr.. Van Zanr. president of the First Ma
tional bank, 439 acres of land in the sub
urhs of Fort Worth. paying therefor slSS,-
240,26. of which 4S,SS0.60 WAS cash and
rhe balance in five years, s34, $50 annuity.
For purely local reasons, the title was
taken by Messrs. McCarl and William
Copps. and they gave the notes to Mr..
Van Zant. He having prejudice, we
were told, against accepting corporation
notes, no mention of corporation was
made to him at the time.
"A company was incorporated under the
Colorado laws TO take over and operate
this property. l believer the directors
were MIR. McCarl. ii. w. Tallant and T.
B. Bailedge of Fort Worth, aud II. ID.
Chamberlain, +. j. Chamberlain, A. w.
Chamberlain and 4. B. Gibson of Denver.
1t was decided to issue the entire capital
stock, 5000 shares, in payment of the land.
subject to the mortgage. which was done.
Later the shares We're issued to the parties
in interest in purchases as follows: Cham
berlain Investment company, 2. 1oS shares,
and H. w. Tailant 3l2 shares. For Nc
Carl and Copps 2, 500 shares were placed in
the hands of II. w. Tallant, as trustee for
tho time being, as they were negotiating
then to sell part TO the city. AT the same
time deed was made to the company for
~ .ll
ing it to be held in trust for the Fort
Worth Park Place Land company until iu
was thought wise to put the deed on
record.
'"rhe company was advised of the sale
of forty acres of the land to the city for a
park, but some complications arose which
finally prevented the consummation OF the
plan. Mean while, We may have reported
the verbal information we had received to
some extent. The land was not salable,
as we expected; interest became due, but
Mr.. VauZapt forebore foreclosure, and tie
company still has possession and owner
ship, through the deed and declaration of
trust, regularly paying taxes, etc. While
j WAS in Fort Worth in July last was in
consultation with Mr.. McCarl looking
towards securing from Mr.. NaDZant to
each of the shareholders to whom shares
had been sold ESQ, 600 in alD the proper
tion their purchase would be as TO the
whole, subject to propoatlonate incum-
brance of $500 per acre, each shareholder
holding his land in security. This pro-
posal WAS accepted by Mr.. VanZant.
During my absence last month in Eng
land, the parties ia interest at Fort Worth
completed such 81 arrangement with Mr..
Van Zant that the land was decided back
10 him, three years. interest being in ar
rears, and these share holders are now
considering the proposal to receive each
his own proportion OF land ald the incum-
brance, Of which he had notice when lie
bought the stock. There has been no
time when the Fort Worth Park Place
Land company did not have possession
and title to the land under the deed of
trust, or when the rights os any share
holder were imperiled Tor an iDstant. l
have never promised an advance in value
but have told rny honest belief, which is
very different from the surety claimed.
The advance in value from its cost (about
S4oO per acre. TO the price at which the
shares were sold $500 came far from put
ting through the entire length of the land
an electric railway, out-buildings, motor
works and the other Improvement, cost
ing altogether about So 0o0, ,0o0 F"