The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-08
WITNESS PRIVATE LETTERS
NOT EXEMPT FROM THE SEARCH
ING EXAMINATION OF THE
DEFENSE.
BRYAN COMING TO THE MILL CITY.
VIII BE Present at the Democratic
Mass Meeting at the ExpO
Hall.

pultdl yesterday morning in the Grim
maj libel case against W. E. Haskell.
manager of the Times.
Inc witness was again asked regard
ing the telegram from King to himself.
ana he remembered going to Chicago
ana securing the check for SIG, 900, In
payment for the bonds The witness
was asked regarding the contents Of a.
private letter from Mr.. King, when
poth Mr.. jackson and Mr. Hatch fought
10 keep it out, arguing at great length
that oral testimony could not be taken
because the witness himself had de-
stroyed the letter.
The court asked Judge BeIden to first
show If the letter went into the files
OF the trust company. Witness swore
that he took no copies of the letters
sent to Mr.. King, and destroyed all he
received from Mr.. King after a few
months. He kept all his private cor
respondence in his pocket and Destroy
ed some when the collection became too
bulky.
Mr.. Jackson cross examined the wit
ness On the point of destroying the let
tiers, but the court held that the wit
ness had destroyed the letters in the
regular course of his business. The
court, however. insisted that the ques-
ton was too vague as to what letter
was desired. Judge Belden said he did
not know what particular letter the
matter appeared in, and the witness
could not remember.
That fact of the evidence was passed
over for the time being Witness swore
that the Minneapolis Trust company
received 100000 of the new issue Of
bonds, face value, and $50. 900 in cash
for the old bonds.
Did any member Of the MINNEAPOLIS
Trust company ever receive a cent, or
any bonds, or did the company ever re-
ceive any?"
mo, sir. I purchased 81, 900 face
value Of the bonds myself" was the
answer.
Mr.. Jackson took the witness for
cross-eXamination and launched right
into the matter of the rebonding plan.
The witness was asked to select as far
as he could the papers connected with
the rebonding plan, which he took to
Boston with him in 1894, which he did.
At this point Judge Belden being Ill,
asekd to have Mr.. Flannery conduct
his side Of the case while he recuperat-
Mr.. Jackson had the witness admit
that the first rebonding scheme con-
templated the taking up of all the
bonds and debts at par by new bonds.
He also took to Boston with him a list
of the selling price of the Pullman lots.
1t was his judgment that the new is
sue of bonds would be secured by the
property. Mr. Foster went with wit
ness to Chicago to see for himself if
that would sell out to the value in
time, and that the new issue would
be safe. Another reason for his visit
was that he wanted the West Pullman
people to turn over one-half their stock
as bonus to Foster and the others
for helping the deal through, but the
West Pullman people refused to do so.
WAS not that the time that these
1856 lots were to be given to Foster
and the others, in lieu of this half Of
the stock which they would not give?"
asked Mr.. Jackson.
The witness explained that there was
Homestead Building association
formed, which was to have $3.50, 900 face
value of lots, with the understanding
that the association should build
houses. He admitted that the lots
were finally decided to Foster.
Foster was president of the COM
L.
Peterson.
Mr.. Jackson wanted the witness to
admit that the only difference between
his original rebonding scheme and the
one carried out was that everybody ex-
cept the Minneapolis Trust company,
as trustee, got new bonds at par, while
the Minneapolis Trust company, as
trustee, secured $4,000 in cash. instead
Of $260,000 Of new bonds, but he would
to
what the various members Of the ex-
ecutive committee said at the meeting
when he presented his rebonding
scheme, but it too long ago for him to
remember that there was talk of max
Ing loan.
Didn't it occur to them to commune
cate with some of these bank credit
ors, and raise the money that way?"
II think it was spoken of. but laid
aside as not feasible. Half Of them
would have responded, and the others
not. We couldn't have half of them
advance money for the benefit Of 9TH
ers. 1t would have been too compli-
Gated a plan for me to engineer, and
hardly possible for the company. That
was one expedient spoken of between
Mr. Kneeland and me as worth con-
sidering at one time. I am free to
confess now that 1 don't see how 1t
could have been put through on that
plan. 1t was too complicated"
Mr. Jackson then led the witness
where he had led the former witnesses
up to the trust money, amounting to
something like $4,000, lying in the
hands of the trust company as trus-
tees and then he sprung the question
upon the unsuspecting Mr.. Hamblin,
asking why they did not use that
money to redeem the first mortgage.
The witness actually laughed.
1--WE couldn't do that legally, Mr.
Jackson" was the reply.
THAT money was trust fund in
our hands, belonging equally to all the
Menage collateral creditors. We had
no right to use that"
But that fund belonged to the same
parties who would be benefited by the
redemption? insisted Mr. Jackson.
"You are right that far" said the
witness, "but we could not use that
fund. Suppose half of those banks
would agree to put up money to re-
and we would use a portion Of the
money coming to them from the fund
If that was used which would result In
using the creditors money to benefit
other creditors"
At this point the noon recess was
taken.
In the afternoon Mr. Jackson still
chung to the fund on hand, and sue
ceeded in showing that the Security
bank and Bank Of Redemption had no
interest in that fund. Mr.. Flannery
was finally called upon to explain the
matter which he did the same as Mr..
Hamblin, but more fully, finishing by
saying that the receiver had no right