The evening world., 1894-05-14
CHECKS At THE n. R HEARING
One of Over Two Million Dollars
Produced To-Day.
Used In Part Payment OF Chicago
and Great Western.

Mr.. Edes. Secretary OF the North
American Company. was again put on
the witness stand. when the Northern
Pacific hearing was resumed in the
Mills Building this morning. He was
closely questioned regarding commits
sions on the sale of the Chicago ter
minal property to the Northern Pacific.
He testified that the North American
Company received 766 bonds OF the Chi
cago aud Northern Pacific. and $G66G7 as
commission, for the part It played in
selling the terminal property in Chicago
to the Northern Pacific.
Mr.. Edes produced a lot OF checks
which had cut some figure in the various
y. T.. deals which were engineered by
the Northern Pacific management.
one Of these checks was for more than
&,oJ0,U0. IT was drawn and signed by
Edcs ana countersisned by, Nice-Prcsi-
,i'I dHnt Hoyt Of Of, the q; n. t.. and made made pay,
Endorsed back by Wegg to Colby, Abbott
llOyt.
Mir Edcs said the check was used in
I.ri payment OF the Chicago and Great
Western road
Charles T barney followed Mr.. Edes
on IN" witness stand and was asked wht
ne knew about IN. agreement by which
the Northern Pacific leased the Chicago
terminal property and completed the deal
with the Wisconsin Central
Mr. Birney's memory was very poor on
OF the details Of the discussion II the
arrangement by the Northern Pacific dI-
rcc,oIs. At the time he examined the
lease circfnlly and thought Its terms
At this point a reference was made
t1 tn" minutes Il the meeting Of the
y r. directors on Jan. l6, 1890, and IT
was shown that at that meeting Mr..
Barney had novel that the famous
agreement he modified by eliminating
from II the bankers commission and a
n'ained n H''H., to.iny. he -, had done simply to
what was was said at the directors
meeting of Jan lG, 1870, as to the own
ers OF the Chicago property" asked Mr..
Petit.
II cannot rccollect that anything was
said" replied the witness. THE whole
question was tine propriety of y. =. ex-
tending it's lines to Chicago. The ad-
vice OF many railroad companies was
sought and 1t was decided to extend to
that city; and so We did not consider
the question of cost of the Chicago ter
mina property n matter of moment"
All OF Mr.. pettit's attempts to get MIR.
Tarney to remember ANYTHING about
properly failed. When asked who. to
the best OF his knowledge, owned the
terminal property. Mr., liarney replied
that he did not know whether II was
Further questioning about the ownership
Of the terminal property failed to brighten
up Mr.. Barneys memory: he simply knew
nothing. AT this point the hearing was
adjourned.
At the afternoon session Of the hearing
MIR. Barney was again put on the stand,
and to the questions asked him during
the morning session were all gone over
again. hut MIR Barney's memory was
wors" II anything than in the early part
of The day. He said that he had always
al tf.,rp If lar ln
and never paid attention to minor de-
tails.
Lawyer Petit however. met with
mores uccess when he tried to find out
purchase of the Northern Pacific, of the
Rocky Fork Railroad and Coal Com.
nokn ,ST he ns f"GS "f hS
\. +. directors. MIR. Barney said that
the purchase OF the Rocky Fork and
T""k %o ely ort Raiiropd Company and the
thori2ed by the Special Committee in
whose hands the matter was, at a meet
ing on, Feb. 90 1890.
Northern Pacific bonds were given In
payment for the Rocky Fork Railroad
but MIR. Barney failed to remember
what was given in payment for the coal
properties.
In answer to questions by Lawyer
Petit, MIR. Barney said that at the time
OF the purchase he had no interest in
tn" ihs ana did mot kn%T WIN" h
| said that Henry Willard recommended
that the Northern Pacific purchase the
Rocky Fork Railroad and the Coal COM
pany, and that he understood that Mr..
Willard at that time was interested in
the Rocky Fork properties.
| Some one present suggested that this
| was a case of Wizards getting something
he owned to himself at an advanced
| rice, but the remark. while II caused
r,me laghter. was frowned down by the
! Master.
|
sented that the property was good one;
| that the price set on the bonds. about Sc.
w3S the cost price. and that the North
ern ihclhc by acquiring the same would
! be able To get It's coal much cheaper.
| Four millions OF trust certificates wcre
issued. two millions on the Rocky Fork
! Railroad md II like amount on the Coal
! Company. These certificates were sold
/ in the stock market at from 80 to 40, and
/ he, Mr.. Barney, bought some at 40.
/ Later the total issue of certificates was
a,