Elmore bulletin. [volume] (Rocky Bar, Idaho) 1889-1906, 1895-04-06

Elevator Combine Il short Thousands of
Dollars ny smooth Pseuistions.
g. Louis. April LA morning p@per
states that &C meeting held recently.
at which were present some OF the best
known grain merchants OF st. Louis.
formerly associated together under the
commercial title OF the Merchants Ele-
vator Company. which went out Of bus
iness In 1850 TO be succeeded by the st.
Louis United Elevator Company. meas
ures were enacted which promise 10
unfold one OF the profoundest business
sensations ever known In 81. Louis
The paper says:
The Sc Louis United Elevator Com
pany was founded BY Captain ID. 6lat-
terry In 1855. the captain having asso-
ciated with him ]. M Thomson, r. c.
Thompson, I. NJ. Harris. u. Blocks. r.
R. KernH. w. T. Anderson. Judge d. III.
LAughlin and others. Captain 5lattefy
was president and general manager.
having q majority of the stock At the
time IL was sold TO the trust. Captain
Siattery and members OF his family
held 1.f77 OF 1,750 shares. Only a partial
settlement was made with the stock
holders ut the time. They said that mn
Of affairs had been futile. A late con-
sultation resulted IA. the appointment
of 4 committee consisting of ID. Blocks.
Henry Laughlin. Robert r. Kerns and
w. 7. Anderson 20 bring about settle
ment The committee was instructed
to place the matter In court for adtuhi-
cation.
w. T. Andersen. one OF those inter-
ested. said; THE strangest feature Ia
that we can not account for about $685.
900 or $4,000 worth OF wheat that was
In the elevator. sIattery was president
at the time and In full control I can
not see how the grain got away with
out some one knowing II. We had $780,
900 worth OF bonds on the elevator,
which we never ordered him to sell. but
they are not accounted for"
Captain 6lattery. before leaving for
the Chicago meeting. said: This Ia
simply an annoyance intended to draw
or my attention from matters which
are intended to protect the integrity OF
large interests of Judge Henry ID.
Laughlin In Chicago. The interests ]
refer to are those OF the American Brake
Beam Company and the Chicago Rail
road Equipment Company. In the for
mer I also represent large holding OF
shares. AZ regards the Merchants Ele-
vator Company. there In and can be no
Misunderstanding at all. except In the
imagination OF Judge Laughlin !
owned for myself and family about 81
per cent. Of the Merchants stock. and
as far ms any single act of my admin
istrB ton In concerned. I would gladly
let the whole world know Of II. A rigid
investigation In all I ask. Netwith-
standing losses of t35. 200 In the dishp-
pearing OF grain which am unable "a
account for. we returned our share
holders no less than 11b per cent on
their three years' investment OF s75.pOo
At thu time we sold out. first mortghgs
bonds TO the amount OF 100000 were
held by the Continental National bank
AS security for a loan of Sl00, 200. When
we ceased to do business. the bank
called for payments. i then advanced
the requisite sum to the company and
the bank was paid. the company Civ
! ing me the bonds to secure the money
I loaned. At that time the elevator Sc
curities were slow OF sale and had &c
hold them a year or 20 before ! could
| dispose OF them. When ! did 80. they
were charged to me to offset the loan
In the books OF the company I am not
only charged with the bonds. but with
| the interest on them to the full extent
up 20 the day of the sale. The sum
thus charged against me In STA. 1865 :