Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-02-04

Pa; Francis G. Cradle, Omaha, presi-
dent State Bank, Crawford Philip S.
Hortz, Philadelphia, director South
wark National Bank; David Jones,
Philadelphia, iron manufacturer; W.
F. Kelley, Philadelphia. investments;
Benjamin Butterw orth, Washington,
d. c.; William Archer, New York,
builder and contractor; ]. Edward
Maston, New York, banker; G. S.
Middleton, NJ D., Philadelphia; Thos.
Bradley, George A. Fletcher, the Hon.
Robert E. Pattison, Hon. Benjamin F.
Tracy, New York., John Z. Searles,
New York; ]. Wesley Supple, Philadel-
phia; Russell L. Hall, president First
National Bank of New Canaan, Conn.
WHILE CRADLE WAS OUT
selling stock work was being pushed
on the Black Hills claims, and every
thing seemed to be booming. AS a
| further inducement to get people to
! put their money into the stock of the
! company, the following letter was
given out:
New York, January 5, 1897
ITO the Stockholders and Board of Di-
rectors of the Edgemont and Union
| Hill Smelling Company.
Gentlemen This is to certify that
| | have entered into an agreement with
Mr.. Francis G. Cradle for the erection
at Edgemont, S. D., of smelter, full
| ly equipped with modern appliances,
| the same to be erected complete and
| ready for operation within four months
from this date, payment for same hav-
ing been fully provided for without
| further charge against your company.
yours truly,
JOHN A. SEARLES."
! Mr.. Searles's position as the execu
| tive head of the sugar trust added
great weight to the standing of the
| company.
| 1t was at this time that the prom
inent citizens who had lent their
names so freely to float the enterprise
! began to realize the position in which
they would be placed in the event OF
its collapse. At meeting Of the Phil
adelphia capitalists it was decided to
take heroic measures. Cradle was
turned out of the management of the
| company and ceased to have anything
| AL
stock was stopped so far as the Phila-
delphia people could prevent it.
! st. Louis, February 3.-Francis
Cradle is in this city. Mr.. and Mrs.
Francis Cradle and Mrs. j. w. Lati-
mer. the latter the mother of Mrs.
| Cradle, are occupying a magnificent
suite at the Planters. The party ar
rived on Tuesday.
Mr.. Cradle to-day prepared state
ment which he gave out this after
noon.
81 have just read with the deepest
pain and regret of the resignation OF
Mr.. W. j. Quinlan, Jr., cashier OF the
Chemical National Bank of New York.
He has been my friend for twenty
years and have been depositor at
the Chemical Bank for more than six
years past.
| "One year ago my obligations to
the bank were S1S0000, and six months
ago | paid up every dollar. The pres
ent indebtedness has been incurred
since that time.
| "Mr. Williams, the president of the
Chemical National Bank has been a
stakeholder for several years in one
OF the town site compenies | organized,
and has expressed him complete sat
isfaction with his investment"
Mr.. Cradle then described his bust
ness operations, about rs given in the
| Chicago telegram above. He then
says:
I'm all the foregoing work I have
given every moment of time for seven
years. | believe I have averaged
eighteen hours a day. and during all
these years | have not had single
| days vacation. If the years of devo-
ton | have given to this work. are
not crowned with success ] shall be
completely worn out and broken in
health and lose every dollar | have in
| the world
| FRANCIS G. CRADLE"