The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1895-04-03
SENSATION PROM SEO.
Captain sIattery Wishes to Explain Mat
ters to His Partners.

tiers to His Partners.
ST. LOUIS, April "A morning paper
states that at a meeting held recently, at
which were present some OF the best
known grain merchants in st. Louis, for
merly associated together under the COM
mercial title of the Merchants Elevator
company, which went out of business in
1890, to be succeeded by the ST. Louis
United Elevator company, measures were
enacted which promise to unfold one OF
the profoundest business sensations ever
known in St. Louis. The paper says:
The St. Louis United Elevator company
was founded by capt. ID. Slattery in 1886,
the captain having associated with him
j. A. Thompson, 4. c. Thompson, |. Nj.
Harris, ID. Block. II. III. Kern, w. Il. An
derson. Judge ID. Ii. Laughlin and others.
Captain Slattery was president and gen.
eral manager, having n majority of the
stock. At the time 1t was sold to the
trust, Captain Slattery and members of
his family held / Az TO 1850 shares. Only
a partial settlement was made with the
stockholders at the time. 1t is said that
all subsequent efforts to effect a settle
ment of the affairs have been failure.
A consultation resulted in the appoint
ment of COMMITTEES consisting OF ID.
Block. Henry ID. Llughlin, Robert II. Kern
and w. i. Anderson. to bring about n
settlement. The committee was instructed
to place the matter IN the courts for ad-
| Indication. w. L. Anderson, one of those
| interested, said:
"The strangest feature is. we cannot ac-
count for about $50. 900 or $4,000 worth OF
wheat that was in the elevator. Slattery
was president and in full control. l cam
not see how the grain got away without
some one knowing it. We had SlOO,O)O
worth of bonds on the elevator which we
never ordered him to sell, but they are not
accounted for"
Captain Slattery, before leaving for the
| Chicago meeting, said: This is simply
an annoyance, intended to draw oil my
attention from matters which threaten
the well being and integrity of the large
interests of Judge Henry ID. Laughlin in
Chicago. The interests | refer to arc
those OF the American Brakebeam COM
pany and Chicago Railway Equipment
company in the former of which also
represent large holding in shares. As
regards the Merchants Elevator com
pany, there is and can be no mIsunder
standing at all, except in the Imagination
| of Judge Laughlin. | owned for myself
and family about SO per cent. of the Mer.
chants stock and as far as any single act
| of my administration is concerned,
would gladly let the whole world know oi
it. Rigid investigation is all | ask. Not
| withstanding less than S35,O0O worth oi
grain, the disappearance of which | am
unable to account for, we returned oui
shareholders no less than 1l5 per cent. on
their three years investment of $1,000.
Thus the 1926 900 of stock in the St. Louis
| United Elevator company and S52,5OO IL
bonds bearing interest at tho time we sold
out. first mortgage bonds to the amount
of $4,000 were held by the Continental
National bank as security for loan oil
100000. When we ceased to do business
the bank called for payment. thea ad
vanced the requisite sum TO the company
and the bank was paid, the company Civ
ing me bonds to secure the money
loaned. AT that time the elevator securitie
were slow of sale and had TO hold then
a year or so before | could dispose o
them. When did SO, they were charged
to me to offeset the loan. In the books o
the company / am not only charged will
bonds. bu; with interest on them to th
full extent up to the day of the sale. Tit
total sum thus charged against me i
| SIP 196 Ga -