The times. [volume] (Richmond, Va.) 1890-1903, 1898-02-04

had not been connected with the Union
Hill or Edgemont Companies since Sep
TENDER last. These companies on Janu-
airy llth, consolidated under the name OF
the Edgemont and Union Hi Smelling
Company, at which time eX-Secretary OF
the Navy. Benjamin + Tracy retired from
the Office Of vlce-president OF the CONF
pany. Percy $. Bickmore OF Philadel-
phia, was at that time elected secretary.
Mr.. Pattison said AT least 80 OF the 900
stockholders are Philadelphians while
the greater number OF the other stock
holders are located In New York and Con-
necticut. He said CRADLES actions could
in no way involve the company which
was now proceeding with its affairs.
one or the directors OF the company
made the following statement. which was
approved by President pattison:
Mr.. CRADLE he said. acted only as
promoter OF our company, and since last
September. he has had no connection with
II whatever. Shortly before that time. we
purchased 200 claims held BY him for
stock valued at 81 500 0tI, but since then
all OF the stock has been purchased and
the company can I'm no way be involved.
For years Cradle was interested I'm a
number OF building and mining enter
pris.s which have from time TO time paid
the investors holding the shares divi-
dends as high as sixty-three per cent. He
formed the Edgemont Company, a land
and building concern and was also in
terested In tract OF 1900 acres at Fort
Collins. Col. He had an irrigation plant
there and similar enterprises I'm South,
Dakota and Nebraska.
RAILROAD CONNECTIONS.
"A number of years ago he was con-
nected with tho Chicago, Burlington and
quincy railroad, and was engaged In To-
eating town sites In Northwestern Ne
braska and South Dakota. He estab-
llshed more than five hundred sites In
these States.
HE came to this city highly endorsed
and strongly recommended nv hankorS
merchants and business men throughout
the West. Many invested In his schemes.
All the investors who became interested
visited his property and made n thorough
investigation. All who inspected IL saw
no reason to their opinions.
Before the Edgemont and Union Hill
Smelling Company was organized We had
experts visit the locality, and they re-
ported I'm its favor.
1T is the general opinion here that Mr..
CRADLES troubles have been caused by
the fact that he has over-extended his
capital in the many enterprises In which
he was interested"
George A. Fletcher. one Of the directors
of the Edgemont and Union Hill Com
pany. to-day in Common Pleas Court OBJ
tanned a writ OF foreign attachment
against Francis c. Cradle for $4,000. j.
Wesley Supplies, Of the Corn Exchange
Bank. and John n. Graham were ramed
pc The garnishees. Bail was nxed AT
$4,000
SUITS AGAINST CRADLE.
OMAHA. NEB.. Feb. 3.-Suts were
started to-day. and attachments issued
AGAINST the property OF Francis c. era
hIe The house and stable. with their
furnishings and equipments are listed
p ego COO Marcus l.. Parrotte, OF Onn'a.
Cradles resident agent. sues for WTc:
Francis c. Hamer. OF Kearney. attorney.
sues for 81 700 and Geo. II. Scripps sues
for $4,000 on a note.
The mail BROUGHT deeds from New YORK
transferring some Of CRADLES local prop
ertv to j. II. c. Walker. OF Scott Clty'
For
CHICAGO. Feb. 3.-The Tribune saws;
During the last ten wears In which Fran
els Cradle the man to whom cashier
Oulnlan NJ the Chemical National Pank'
OF New York loaned In the neighbornooh
of $3.50 600 OF the banks funds. has been
engaged in floating the stocks. bonds ana
mortgages OF his western enterprises
among investors I'm the east not less than
g coo 900 has been realized.
Intimately associated with Mr.. tirable
has been w. K Kurtz. formerly OF Kan
sas City and Omaha, and now or New
York
The principal investors in the specula-
tlons Of the two men are located In Phil
adeiphia New Jersey. Connecticut. Mas
sachusetts and New York. Connecticut
furnishes the longest list. although the
amounts will be smaller than I'm Phlla-
delphia and New York In that state
specially vigorous effort was made 10 IN
terest small holders to invest.
A large number OF school teachers ana
ministers invested.