Albuquerque daily citizen. [volume] (Albuquerque, N.M.) 1895-1903, 1898-02-03
ENTERPRISING CASHIER
He Made Heavy Loans in the
West.
His Partner 7 living In Luxury In St.
Louis, Mo.
How they Worked a Methodist Conference
to Make Investments.
THE ANTI-scALPIEe BILL.

Chicago. Feb. The Tribune says:
During the lest ten years In which Fran
els Cradle, the man TO whom Cashier
Quinlan, of the Chemical National Bank
of New York, loaned in the neighborhood
OF t250OOO OF the banks funds, has been
engaged In floating stocks, bonds and
mortgages on his western enterprises
among investors In the east, not less than
$3OOOOOO has been realized. Intimately
associated with Mr.. CRADLE has been W.
X. KurtE. formerly OF Kansas City and
Omal and now Of New York. The prin-
cipal investors In the specula-
tions OF the two men are located
in Philadelphia, New Jersey, Connecticut
and New York The names OF ex-Goyer-
nor PattisOn. Pennsylvania, ex-Secretary
Of the Navy Tracy and many other prom
inent men have been used boosting the
enterprises, including irrigation pro-
jects In South Dakota, Edgemont town
site at the junction Of the Deadwood and
Billings branches OF the Burlington
mines in the Black Hills and smelter
Mt EdgemOnt. The company holds a
pledge from John X Searles to build the
smelter which may be enforced.
Recently Cradle and Kurtz were turn
cd out OF the management OF the com.
pany.
SOLID WITH TBE CONFERENCE.
Omaha, Neb., Feb. 3.-Both Francis
CRADLE and ". X. Kurtz are we'll known
in Omaha. Kurtz is said TO be a nephew
of Bishop Hurst, OF the Methodist church.
Both kuriz and CRADLE were especially
prominent In the entertainment OF dsle-
gates to the general Methodist conference
In this city In 1899. Immediately after
the conference the first OF three excur.
sions to Edgemont and the Black Hills
property was taken out under their d.
rection, and as result large number
OF men foremost In the Methodist church
were induced to become investors In the
Dundee place lots and Edgemont stock
Suits were started this morning and
attachments issued against the property
OF Francis G. Cradle. The house and
stable with furnishings and equipment
are listed at $4,000.
THE ENTERPRIsING PARTNER.
st. Louis, Feb. 3.--Francis CRADLE, 10
whom william }. Quinlan, Jr., cashier OF
the Chemical National bank, Of New
York, loaned s303,O00 OF the banks
money, In consequence OF which Quinlan
saw 1T to resign, is occupying a magni.
hcent suit Of rooms at the Planters hotel
in this city. lie said: "A year ago, my
obligations TO the Chemical bank were
$4,000. Six months ago had paid up
every dollar. The present indebt-
edness has been incurred since
that time. Mr.. Williams, pres
ident OF the Chemical bank has been q
stakeholder for several yearsin one OF the
townsite companies | organized and ex
pressed his complete satisfaction with
the investment. The work | have been
doing is opening the new country,
stretching 500 miles along the Burling-
ton line, beginning at Alliance, Neb.,
and ending at Billings, Mont, aud In
cluding a branch line OF 100 miles
through the Black Hills 10 DeadwOOd.
There are fOrty.two towns in our terri
tory. built about 800 miles OF canals
and latersls for irrigation and power
purposes, and large number OF storage
reservoirs tributary to these towns and
thereby opened up thousands OF acres
for settlement and established farming
communities and many homes. The
Union Hill company and the EdgemOnt
and Union Hill Smelling companies own
over 200 mines near DeadwOod, q smelteT
and stamp mill completed and another
stamp mill and smelter In course Of con.
structiOn. | believe the mines when
fully developed and worked will prove
one Of the richest paying properties in
the United States. Every dollar Of my
own money is invested In this work AND
the money OF those associated with me
and felt II was based on good properties
that would be ever increasing In value