The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-01-29

amount OF men 10 operate the plant that
should be necessary. and the whole ,op-,
Grafton is conducted in the most extrava-
CANT manner. ~
Their railroad and plant are entirely de-
pendent upon the timber. which Is being
fast depleted, and when the timber is ex-s
hausted these items Will have very small
valuation. s..
The prices they get for their lumber
would not indicate-a very profitable busl-
ness. 1t is believed that Mr.. Henry, War
den. personally becoming responsible for
for the debts OF the concern. would make
such debts good. Considerable anpreheil-
sion appears to have been aroused by their
Hardness In meeting their engagements
OF late and We understand that some
prominent houses. both here and in the.
cast, no longer seek their business except
for cash. One prominent firm. we under-
stand, Insists on closing the account, for
which reason they have given orders UNI
solicited TO other firms, which Is cons!d-5
cred somewhat unusual, and therefore led
to inquiry The affairs OF the company
have apparently not been carefully and
successfully managed. and their future
prospects would appear TO be slightly
clouded, while under ordinary .clreum-s
stances, as n running concern. their sur.
plus would be worth about 100000, but
their credit has been somewhat impaired,
and 1t might be safer now to leave the.
account as much as possible In the hands,
OF those ulIt1ly HtS
evidently been hard up for working capl-
tai for'some time, and when large amounts
OF credit Is involved should furnish Sc
curlty. r.
The averments contained IN the said
statement were in many respects IN!
true. It was not true at the time when
the said statement was made. and pub.
lished, that the second item of ac-l
counts receivable. considered doubtful
should not be on the plaintiffs list Of
assets; nor was 1t true that the plain
tits plant would not have sold for.
$4,000; nor was 1t true That the build
ings would not sell for $4,000; nor. was
It true that what are called IN the said,
statement the switches should not be
estimated al all; nor vast true that a
new plant should have been, or could
have been substituted, giving better
service. and having an equal output "a
not more .nan $4,000: nor was II true
that the plaintiffs plant was built
originally on IN 'eXravagant plan; nor!
was It true that the contractors had
put into the said plant every .conceiv-.
able piece OF machinery; nor was It true
that n great deal of stun had to be
turned out and other material put In
so that when completed. the said plant
was an orergrown, cumbersome plant,
which could not be operated to adj
vantage; nor was Il true that the said
plaintiff required about twice the
amount OF men 10 operate the plant that
should be necessary nor was It true
that the whole operation was conduct
cd In the most extrayagant .manner;norl
was It true that the plaintiffs railroad
and 10
on the timber; no" was II true that the,
timber was being fast depleted; nor,
was It true that the prices obtained by.
the plaintiff for lumber would not In
| dlcate profitable busines3; nor was X.
true that, prior to the making and;
| publication OF the said iibelous state-
| ments considerable apprehension had
been aroused by the hardness OF the,
plaintiff In meeting It's agreements nor,
that any prominent or other business
! houses had insisted on closing the
| plaintiffs accounts; nor was It true that
| the affairs OF the plaintiff had not
been carefully managed: nor was It true
that the PLAINTIFFS future prospects ap-
peared to be sligntly cloudcd; nor was
1t true TINT the plaintiffs credit had
been Impaired. The said llbclous
statement Is also untrue In other re-
spccta And anlant further says that
the naid defendants were at the time
| Of the making publication OF the said
libclous statements, engaged in tho
.nusine1s among other things. OF FUR
nlshng 10 persons engaged In business,
Information OF an alleged trustworthy
character. with respect to the standing
and credit OF other persons engaged Ein
business, 80 that what the defendants
might publish concerning the plaihtifr
would have n greater, and wIder-rcacllei
Ing effect than II published by persons
Who had not undertaken To- obtain,
] trust worthy information. AHln nj furthcrl