The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1898-02-04
ENTERPRISES
Il, Cradle, to Whom Cash.
|. ow;ulan Loaned a Large
Amount,
,coo1Iy Number of Schemes
- Foot. Some of Them
Promising ONES
|, 10 Hal a Very Large Num-
l4r Of Prominent Names III
His directorate.

III. r.. The Tribune says:
n, i. IT., 10 year, III which
-.e man To whom Cash
tie acn!cal National
Nm ut> loaned III III. neigh.
f.Uoaf the bank ; funds.
81. c..4-,e u !. ating the stocks,
a. II. tsa-,, Il his Western
|rr,,.., ...ut. investors IN tn" East
T. ,..a e.uyJ has been re-
|,,n. ...ya> s.a.ca with M Graa.c
..ea s. Is hurt1. formerly oi
l.. Civ ana now oi New York.
,uac. q. investors III the spccula.
81 the 'W4 men are located in
k-, A.a, New Jersey, Come iicu'.
1chu>a,,s and New York. Con.
k.r, ,uruis4c, the longest list.
ka.a the amounts Will bc smaller
n Philadelphia and New
! II iaat state a specially vigor.
e.art Was made to interest
Y ao.ler> 10 invest. 4 great mum.
( - s. teachers and ministers in
+. u!4te, were opened i'll many
f4t .eAaNg towns OF Connecticut
Massachusetts, and maintained in a
p ,ty.e while the stocks and bonds
te.ng disposed of. Money was
'eqmrta tor the transfer OF stock in
o. The enterprises II good notes
% tc had. and as "A result many
Pc hnd themselves in Strengthened
N!as'ances by being compelled to
notes now coming due. 1t is said
most schemes are good ones, and
aey mad been properly managed
would have made good returns.
VITA the rcstlessness Of nh insatiatc
'es' he 40 sooner go, an enter.
underway than he ceased to look
aeove operation. and was on with
next.
y q the principal schemes which
usao.e promoted was tho Union
-anllhs company. He had &c.
-'a'ed' during his other operations.
V'paI1y at Eigemont, s. d., some
"l''as claims. He organized tho
=" tAAs with capital stock Of ST..
W. VI this stock Mr.. Cradle took
'O'oV) Tor the claims. which were
'"e great Homcstake property.
+. .,'N1aIh'ng 100000 was to he de.
: " uevcIopment work. Another
p'Ay, the Edgemont and Union
.s"''''lhg company. was soon or
- Win capital Of @. 100000
] :" companies We're later merged
n" o"'' with nominal capital OF Is.
~ oi which Mr.. Cradle
'u N,Soo.OoO. and 81. 200. .OOC
+ DC used for development,
- . = winch proceeded vigorously OH
me properties.
~ Prominent Mon on ats Lat.
= ".S l,mc many people of promi'
IL, IN 'he East had been brought te
~ ~, Where they were not only in,
,sa a M the company, but permitted
W. ~ 0. their names ON the list ot
~, WI Mr. Cradle was ena bled L
! :" with tho following formidab
capitalists who vouched for tn,
n.y. ."' ol q mining scheme. 1t wa
a.ueht, Robert L. Pattison, presi
D,%. 'eeur''y Trust company. Phila
l. wee president, General Benja
q tracy, ex-secretary United
m,. 'a'y, New York; treasurer
r,r bradley, Philadelphia, dirccto
roo , rust company; secretary
It ,a, ~, Fletcher, Philadelphia. mer
, ' ~, director Union Trust com
n,n a'o list Of directors containe'
tn s OF Hon., Benjamin Butter
'a,t;. naward Martin, Hon. Rober
ost on' John L. Searles and other
,'' 70 as Prominent.
q. s@n to Fear the Outcome.
aina,. little time, however, tn
lea 90 ~. = citizens who had lent thei
an to freely to float the euterpril
'e"''ze the position in whio