New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-05-15
SLOW PROGRESS BEING MADE
THE INQUIRY INTO NORTHERN PACIFIC
AFFAIRS.
MR.. EDEs AGAIN on THE sTAND-NoTHING OF
PARTICULAR IMPORTANCE BROUGHT OUT

MR. EDES AGAIN or THE sTAND-NOTHlNG OF
PARTICULAR IMPORTANCE BROUGHT OFT
YESTERDAY.
The inquiry into the affairs of the Northern Pacific
Railway Company during the management OF Mr..
Willard and his associates is making slow progress
The sessions of the Master of Chancery, Alfred L.
Cary were resumed yesterday morning In the NILS
Building and Edward Edes was the first witness.
Mr. Edes was the assistant secretary and treasurer
of the Oregon and Transcontnenta Company. Mt
Edes under the leadership of Silas W. Petit coun-
sci for the plaintiffs CROPPED through lot OF hsures
which might have much bearing upon the issue III
bulk, but very little In the way OF demonstrating
the several transactions. There were numerous
checks passed between ID. 5. Wegg and other peo-
ple ranging from 100000 TO 100000 made payable
to this and that person. but they did not appear 10
have any particular bearing upon the case In hand
which is practically against Mr. Oakes az president
of the company and now one of the receivers
No light apparently has been spread upon the rec
ord as the result OF Mr. Edes's testimony as affect
ing the larger proposition that Mr. Cakes was IN
any way associated with those who are called the
constructors In the purchase of the chicago l'r-
mnal facilities and the disposition OF them Tor con-
slderation TO the Chicago and Northern PACING; nor
was any disclosure made with respect to the effect
OF civil interference upon the management OF the
road. There deals revealed involving large
sums of money. but nothing general as to ENDS ac-
compllshed Mr.. Edes said that the oregon ana
TranscontlnCntal Company, with Wnlcl u" WIS dS'o-
clatcd, did not pay anything above the sum oil
20 100 s "a TO the Chicago and Great Western. when
has been already conspcuousy referred 20. - =
Wegg's name appears frequently on the DOCKS as
the recipient OF large Of money. but the Wit
ness could not give information as to what par'cu-
lar account this money was applied
There was a great deal Of documentary evidence
offered Of little public interest For instance. there
was report by G. G. Bearnan, OF the firm of Evarts'
Choate e. Beaman. regarding the valuations OF me
IermnaI nv nxners sent there to ascertain
the value Of the property thus acquired. .,,,,.-
The contention OF the friends Of the 9id manage
uent is that the Terminal properties OF whlcn tne
company Is possessed were in every sense VOL III W
Us IA not more than represent the value when
existed at the time the bonds were issued Inc pIDp
was brought mo sng ZOO p Ths snaro Of Terminal
nauors OF IN Ch,caFo was acquired a. reasonable
yinaiion was hisnable in vlcw Of tho increase IN
vaiues which has come TO pass and the increase or
values which must eventuate because 81 lh't -
perlative advantages In the way Of location. Nv,
Witness who has been brought forward cnss 10 ai,
idea that Chicago Is a sort oi N'Itl r."t, anu
tina; all things will come 10 them mat val ,.s
Tho afternoon session was taken up wholly WIN
the testimony Of Charles 7. Barney. whose idtner
vas former president Of The COMPANY. MI. h1I'i';
was unable to recall much in ne way OF d'ra,' a."
though he director 81 the \ots.irri -, go
grcssve In seeking knowle lee respecting tnr foxy
Fork branch The acquisition OF tn.S ioaI WI 80 a,,
trhuted by the witness 10 ldt- .''c r.h.rn -,
on the part OF the management oi me c,
chc with respect % it, Vroin'tVr GHthtl'9 ~ I'
end ne said that he had been Jed 90 TAKE STOCK ~
the company because Il had been clearly rcproentsn
- him that a large saving would De- tH''icd ~
means Of this auxiliary. and he was very riTIy ne
had gone into H. he had unierftool tnai me sly
ing would amount 10 SstnJ00 or SN"s' year ~ 'lr
matter OF fuel. but that eventually the N't 'h'I :
Pacific had recedcd from It's cohtI'c- 10 TAM ''
specified amount .,
Mir Ilarney admitted that h. hei received = ~
per cent dividend the stock OF TINS II pr ru
a. a whole IT was bad Investment ~" admitted
also that he had invested his money ~ M SO. n
q, the instance 90 Mr. Willard and regretted IT. ar
Willard. the witness said hnd come - MN n"' .Al
and told him that - Or fh slhr's - t'e
stock held by Montana state Official "hicn nc
wanted 20 dispose Of. AMI he had taken ne STOCK h
conjunction with Posion party. hii me, ou' M
was far from his cXpec .ationa IN the Inc ~ prom,
inc investigation viii proceed 40 10 O'Clock MS
morning Mr Oakcs VIII not pfohanf app n ~
a witness until tomorrow. He was present a.
most continuously at yesterdays session. ana w
ready 20 testify as soon az counsel are feAHy 10
A certificate was nici yesttriay by Mr. cary
TO the effect that Char.cs A. Sponorh. OF me MI
Build nE refused To- produce the books ara paper,
As ordered by subpoena ducrs fcrnin. wni,h u,
been served upon him ami that be also refused 70 be
sworn a witness.