The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-05-31

arr~st was caused merely TO force him
to tell what he knew of the ahair. III
the secured any Information
from Hunt. IL was never made public.
Pinkerton detectives were employed on
the case.
..Sudborough has attended every ses-
sion of the state legislature for years.
He apparently never had n business.
except during tire legislature. Bechers
friends now assert that the influence In
the Pacific Express company hostile to
the old auditor is trying to make the
money so distributed show on the books
as n shortage against him.. Mr.. Bechei
to-day asserted that he V AUDITED a
bill that was not FIRST authorized Dy
President Morseman.
.sThe embezzlement charged is sal to
have occurred during 1887 n 1855. the
other items being barred by time. IL
has been understood for some months
that the whole matter was about To DE
aired. The complications are largely
political and indirectly touch all the
legislatures of the state for many years
back. The express company officials
are alleged TO entertain doubts that
money said to have been paid certain
parties was really paid. and the other
interested parties Insist that they can
show where all the n intrusted to
them for any purpose were placed.
Thus some rich developments are
threatened, provided the prosecution Is
pushed"
a New York dispatch says: No OFF,
cial statement was obtainable to-day
relative to the report that the Great
Northern railway stockholders are 10
be given the right to subscribe to "a
new issue of preferred stock AZ an early
date. but that the issue will be made
i'm some manner is 10 be inferred from
such Information as was at hand on
wall street. The avowed object OF such
an issue is the retirement of the xl5,-
600, 900 collateral trust mortgage bonds.
which were issued in 1892. secured by
5000. 900 of the st. Paul. Minneapolis *
Manitoba railway Pacific extension Is
and are redeemable at par on three
months notice.
A second and more important con-
sideration In an issue of preferred
toe in addition to the 25.OOO.O0 0 now
outstanding is the fact that the rail-
way has been paying high dividends
on il and putting nearly as much into
surplus for the last two years. n in
the fiscal year which closes June 80, is
expected to show even better results.
Such earnings as these are not pleas
ing to populistic legislatures, and so
the method of disposing of dividends
which has often been observed i'm the
history of American railroads will like
ly be followed in this case. While the
Great Northern basis for such action
would be tnan IN most cases
which could be recalled. the underlying
fact is that the railroad managers in
the United States are additionally un-
willing TO pay more than a certain rate.
having learned by experience tn save
themselves from attack by giving Sc
curity holders their returns in another
and no less equitable manner :
one report in circulation to-day
stated hat the new stock might be Of
fered at 60. allowing subscriptions 10
the full amount of individual hOldir~
II was also said that the divid (
might be advanced from the pres
6 per cent basis To Z per cen None az
these statements vas confirmed; i'm
fact, there vas a semi-official warning
that they should not be regarded as
accurate.
The vacancy OF the office of second
vice president of the Great Northern
Railway company, caused by the resig-
nation of w. II. Newman, who is presi-
lent of the Lake Shore & Michigan
Southern Railway company, will not
be filed. The duties OF the office viii
be performed by President j. j. Hill
and Traffic Manager Francis II