The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-05-28


obtained control first Of ore bankrupt
railroad ard hen Of another. al heavily
fn debt, ard naoss OF them in the han9s OF
receivers. rnffI they had secured a ret
work OF railways. They were not only
network, but a giittsrlrg web IN which
a. was proposed 20 catch many hHsrciai
flies. Each separate road had sts separate
sn6ebsefnf~-an all that r. could carry.
n 80 1a0. 90 mortgage vas placed on the
entire system, a large portion OF whteh
was sold in England. The system was
also stocked 70 TIE extent OF some &C.
ooe.ns one-hais Of ~ preferred stock. and
tire most OF this was duly marketed on
Wall street and in London. IL ts7s. isso
ard 1851. everything was booming. : per
cent. dividends were paid. the preferred
stock sold al Is and the ksonds At par. But
the syKfem did not earn the money 10 pay
the interest on the separate mortgages
with running expenses. The heroic treat
suens OF The system by Sir. Gould and bis
associates had the effect berosc treatment
often has on other kinds Of systems. ft
broke down. ard one day IN May fs4.
Gen Wager SwayHe. attorney for could
and all his friends, appeared before Judge
Treat at 81 Louis and fled bill Ia equity
rn behalf ~ the wabash company. asking
fer the appointment OF a receiver. Judge
Treat referred him 20 Judge Brewer AZ
I>eayenworth. and swsyne went thiihsr
and obtained the order privately from the
fudge securing the appointment os men
selected by hiEaseif-Solon Humphreys
and Thomas T.. Tutt-ss receivers This
vfas ali done without notlee 20 any cred
tfor. and on behalf 81 the debtor company
ffseIf Humphreys and Tut being intimate
ss~aciates with Goud. Among the first
things these receivers did Was 10 pay OUT
OF the receipts If the road ~ fast as they
eo,ild Ger ain advances that MeFsrs. Gould.
H.. L. 80 Afar
sans OF the fact that they were but or
binary creditors. n at all. and that the
mortgage creditors must be paid first. IN
fact they ran the system exactly as Gould
wished. The first mortgage bondhoders.
finding that their requests we're not con-
side-ea a. all finally filed bill In the
United States court a Chicago for the re-
fnoval OF these receivers and for an ad-
5ustrnent OF their rights. The case came
IN for hearing Fssfore Judge Gresham IN
November. 1856. and lasted many DAYS.
Much testimony was taken. many nice and
Intricate questions ~ law were raised. and
learned counsel argued with acuteness
End ability In his decision Judge Ores
ham tore away sil the mass OF sophistry
that had been thrown around the case.
ignored all the fine points that had been
rsised. and went to the heart or the mat
Ter he saw through the whole scheme. by
which Could and the rest had added mil
Hons 10 their private fortunes. and he
had no hesitation IN chsracter'zing Is as
:. deserved. He took control OF the roads
f. me system which were east OF the Miss
iasippi river discharged the unworthy
stewards and placed the roads In the
hands OF an honorable receiver. Judge
Cooley. with whose integrity and ability
tho whole country ~ familiar. jaw Gould
sneeref and aatf. THAT man Gresham
~ running for president
George Harvard now the leader ~ +he
Democratic party IN the state of Wash
tnrion. once owned banks all over In
diana They failed Hazard was tried
before Judge Gresham. convicted aHA
sentenced 20 term IN prison. president
Rutherford Y Hayes hardened the hank
err ~ the request 90 Thomas A. Hendricks
and BENJAMIN Harrison, Out 81 this trial
and pardon grew a bitter Hatred or
Gresham for Harrison that grew with
time and resulted In deem injury 10 the
formers renutation. In 1851 he became a
candidate for senator against Harrison.
hut was defeated. Harrison appeared he
fore Judge Gresham once as counsel for
defendant who had been Indicted by the
grand Jury for some offense against the
federal laws The prosecuting attorney
introduced his evidence and Gen. HART
son arose TO make MS plea for his client.
"Mr. Harrison. you viii please take
your seat" said Judge Gresham quietly,
MY mind Is made 40 on this matter. and
am ready 10 instruct the Jury without
further hearing"
Mr. Harrison stammered grew red in
the face. and finally blurted out that In
t'sfiee 10 his client ne should be permitted
10 speak.
"fi is entirely unnecessary. Mr.. HART
son" repeated the judge. you may take
yopr seat"
stili misunderstanding the situation.
4
hut was finally sharply ordered 20 his
seat by Judge Gresham who then turned
20 the Jury and instructed them 20 acquit
the prisoner. since he could not he held
under the evidence presented
Judge Gresham was n candidate for the
Republican nomination for president I'm
1854 ard AGAIN I'm 1sSs In .he latter year
ne had the solid Illinois delegation. but
Harrison had Indiana solid. Col. fnger-
coll nominated Gresham. He received III
votes on the first ballot IN the conven-
ton his vote rose 10 II on the third
ballot. ard then dwindled 10 70 on the
eighth and last
In 1892 he WAS talked Of as president
by the poput'sts He could have had the
nomiuati0n II ne had promised to accept.
hut he would not say yes or no. and
the PopBlis,s threw him over and nomin-
atea Gen Weaver
The bitterness % the Republicans to-
ward Gresham was not because OF his
support Of Grover Cleveland. hat because
OF his attitude toward President Hart
Eon during the campaign. lie waited un-
III October q. lS'e. a. the critical mo-
menl OF the campaign. aud Then came
out Ia tatter letter IN which he said:
Il think that a Republican can vote for
AT cleveland without Joining the Dem
ocrsf!e PARTY" This letter came with
crushing force upon the Republicans. who
we're opposed ny the great trusts and the
ed The effect 81 Gresham detection
WAS 20 throw many thousands 81 indie
pendent votes 70 Cleveland. and perhaps
20 eject hlgn.
In fsas President Cleveland appointed
Judge Gresham secretary az state. and L
g said that Gresham has been entirely
responsible for ne foreign policy of the
Eoverament. While the Other departments
were controlled by the president himself
Mr. Gresham dI8 not manage the Affairs
Of the state department wisely. His first
art, prompted. perhaps. by his hatred ~
Harrison. Was - undo The work 81 thr
expression, in regard 20 the annexation
of Hawaii Then he sought 10 restore the
corrupt monarchy. The remembrance 90
Japan against the invasion Of Korea tho
surrender 81 japanese students 80 the
Chinese in shanghai; the attempt ~ this
government 90 Interfere IN Armenian af-
fairs. and ihe failure 80 give moral sup
pa~t ga Nicaragua when that country was
oppressed by England. were dissrrroved
by a large majority % the people or th's
Country,
Judge Gresham married Miss Matilda
al,S9rSin in iNAN. and leaves son and a
dagEAtct both grown up. OTIS Gresham,
the son 81 practising law. tie Was "A tail
slender man. six feet in height. with iron
ssray hair and fl1ii beard. His eyes were
hazel. full and larSc His features we're
clearly cut and regular. his voice smooth
ard pleasing. HIS dcmeanor was quiet