The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1898-12-05

non % the Chase Nas.onal bank: Thomas
Ruzn, street railway owner: James r.
EsiAnsan. OF the Standard Oh Company.
reIresensin< The RockefeIIers. Moore &
sc1issy. bankers. John r. HegemAn, of the
Aetropolsan Life Insurance Company
.iarence Carey. as trustee OF H Mex
dNomsaey and various Vanderbilt inter
ss.s. marley Ora ban. arms rsanufac-
tractor James Mcknight counsel for the
Northern Pacific Railroad Company ;
1eafge K sheldon. banker: Charles II.
.sos.er r z Randall, president % tss
southern Trsss Company. and many others
on 1ke prominence IN the financial wo-ii.
All o. these are defendants Ia the suit.
a. taey are co-Sartnere tn the syndicate
which controls the corces.ous
baFhes alleges that after Brlce's ENJOYS.
me. s ,adlFig ex-senator William %. washourn.
% Masnnesota. had failed TO obtain the con-
Nesssons sought. Brfcs sent for Barnes and
ASKED him 10 undertake the work
Edrnes mas spen. many years In the
1911 and bad made several frjen5s
among The natives e high power.
ar Barnes agreed 70 DO the work II is
aaal, OF the verbal understanding that he
"9aa De duly compensated for any valu-
Clarence Carey were appointed as a cof1-
mittee TO obtain the concessions, Mr.
bafn-s being known as the managing
n mem Ger OF the committee. Associated with
~ January OF the present year. Mr.. barnes
,lrst arranged through his friends IL Pc
Slhg ~ cable 70 have the Chinese cabiret
confer upon Wu Ting Fang the special
power TO make any railroad concession he
might agree 10 with the American syn3i-
cate He was Succession In this and nego-
tatfons with WI direct were begun.
III April an agreement was reached
me Graft Of the agreement reached by
Barnes and the Chines- minister was
crawn Up by Barnes and was accepted oy'
both SIDES without change es-Secretary
John W. Foster acting in an advisory ca
pacity 70 the Chinese minister. This agree
rr1e1t was reached April Is and signed the
Subsequently II was ratified by an SIN
pexial sdict by the Chinese government
The concessions obtained by the company
proviGe for the building o. a trunk .ins
railroad from Hanko. south 10 Canton. 4
distance OF about 1880 miles. Ii VIII rur
through the riches. and most fertile regions
OF China.
The road. It is estimated. will cost $40
sH,so Bonds for 70 per cent. more thar
the total cost are 70 be guaranteed b1
the imperial Chinese government The Il
per cent. additional. or A09.6.o is clean
paid IN gold. 10 run fifty years and 10 beaI
per cent. Interest. The Chinese govern.
r1ent also agreed 10 pay the American
China Company per cent on the to.a
cost OF the road for experimenting the
construction. In addition. the Chinese gov
efnment agreed 10 pay 70 per cent OF tht
net profits of the road In form Of debent
IRE bonds bearing s per cent. interest ana
running forty-three years After paying a.
expenses OF the road. including the reyiemp
ton bonds. the road Is 10 become the prop
erty OF the Chinese government.
By the concession the American company
also obtained the right 10 mine the ricf
coal fields which extend along parts OF tn.
route of the road.
Mr.. Barnes saw Mr.. Brice several times
about his compensation, but heard nothing
defi1ite until October g. when he received
letter from L. Stanford Beatty, secre-
tary OF the China Development Company.
This communication told him that at a
meeting OF the syndicate a resolution had
been passed that no claim of Thurlow
sWeed Barnes for compensation should be
recognized.
Barnes at once consulted his lawyers, and
the suit for 81 900 was the result