The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-01-31

necessary Tho New Yorker gets inter- |
Gated and offers tho Texas merchant a
blank statement TO be filled. The Texan |
puts in lands at double their value and for
gets about membranes. makes big
guess and adds several thousand to his
stock OF merchandise adds few thousand
to lot OF old and worthless notes and ac-
counts. calls them all good ana collectable.
and summing up shows net worth good
and strong. a large bill of goods is ship,
ped en- the strength OF this statement. aud
within three weeks n deed OF trust Is filed.
The merchandise only IL transferred, and II
goes to secure the bank and Il few friends.
A good smart trustee IL appointed, gen
orally tho cashier or some officer OF the
bank Tho trustee IL told about tho state
mcnt, and being "onto his job and knows
as soon as the New Yorker gets straight
cued out and gets his papers to Texas.
somo lawyer will advise scquestratou and
take out all the goods that can be identi-
fled, The trustee hires an extra set OF
clerks, who work all night taking invoice.
and as soon as completed tho trustee sells
out for 30 cents on the dollar. which nets
him enough TO pay the preferred creditors
and when tho seqnestratlon papers are
ready the property IL out OF reach. II the
property is shoes or flour Identification is
easy. but IL clothing or dry gods and the
trustee Is pinched for time he sometimes
| tears off tho tags and that settles 1t. Now
!
statement, is guilty Of swindling? Admit
tod But how can you reach him? In my
judgment venue OF the case IL not In Texas,
but at the place whore the false statements
were made. or course we are loath 10 see
Texan forced 10 stand trial in foreign
State SO we would indorse the governor In
refusing requistion ana II is seldom ap-
piled for. Suppose our Texas courts were
given Jurisdiction and indictment Is made
how can you mako the proof where the
principal witness lives beyond tho State?
We can't take his deposition. ans the non
resident business man can not attend two
or three terms OF our courts. II must be
The credit man Of the dofraudcd concern
who Gun testify that the goods were Oh
taincd and shipped upon the statement
made to him. Now you must not think th,s
an extreme case. he conditions exist.
and these practices are engaged In to a
piost shocking and shameless extent. aud
| the practice Is increasing as the oppor-
| tunities become better known. Those OF
you who do a commercial practice to any
extent know what ] say Is true EIGHT
| years ago l had painted In big black let
| ters on a tin sign the words i, a. Aultmah,
| Attorney at Law. and swung the SHINING
single to the breeze In front oil littic
office UP In the town OF Burnet; ana since
then tho greater part Of my time and at
tontion has been engaged In litigation
growing out of the condition described. MY
( firm not only have non resident clients pht
! ara attorneys for several OF the heaviest
Wholesale dealers at Fort Worth. all OF
whom favor some kind of change and most
of whom favor the adjustment OF the pref
erence privilege entirely. Speaking to you
! then in the light OF eight years experience
/ as one who has watched and been ldentiflen
| with every stage OF development. and az
I one who loves honesty and integrity IN
business. as well as social affairs. ! como
"A boo tn h. mn n lRGfnlt
TO stop these shameless anu constituencies
practices.
Some one says, "Oh, It is outside people
who want this changed. and they should
not NEEDLE with our people, and what II
good for Texas ought to be good enough for
the people in st. Louis and New YORK
| want TO say for myself. gentlemen OF the
committee. that. az a native Texan. as one
I who is as proud OF his State, her inslitu-
| items and her heroes, and Jealous OF her
| every interest that ] want no laws that
/ VIII enable my fellow citizen to steal from
his fellow man whether that man lives IN
/ New York or Texas, / am ono Of those
who. whether right or wrong, enthusiasts,
tically follow the fortunes OF that grand
young Nebraska statesman In the last
campaign, and though our leader and oui
| cause went down I am for him and the
4 principles he advocates. stu " we were
right then. the patriotism the manhood
the high sense OF justice OF our Ansi'eai
| pcopIe will y-t bring up victory. II We
were wrong. then we ought not TO succeed
but let me remind you that from ever,
stump we proclaimed that we did not favor
class legislation; that one class OF our PEG
pie should not by governmental Sanction
enjoy privileges denied to another Tonight
when you listen 10 the matchless eloquenc'
OF our leader. see II he does not again say
with words ~ logic, convincing and unan
swcrable, 49,: this policy is wrong an'
tends 70 encourage greed and ayarice am
bring discomfort and poverty and mlser.
10 our people and TO weaken and finail!
destroy our governmental fabric. Yet
hear some say that some States most clam
, orous for Texas TO change her laws them
selves permit the same evils. have no
, taken the time to examine into this.
/, dsnt care. and | know Il matters not Z
= This committee what other States do. II W
|, have wrong In Texas. q system that wink
!, at rascality and affords our people an op
/ poytunity TO take and appropriate ina