The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-01-05

All day yesterday was spent in the di-
rect examination of P. L. Farnsworth
in the suit brought against him by the
! Nevada company in the federal court.
In his testimony Mr.. Farnsworth de-
MED the important allegations set forth
by the plaintiff, especially in reference
to having acted as agent for the Ne
vada company in the purchase of min
i ing properties. He claimed to have
made the purchases on his own respOn-
sibility, and later made the sale to the
Nevada company.
! MI Farnsworth testified that he pur-
chased the property of the lone Gold
Mining company, placing ii in charge
/ of Mr.. Bell and assuming the payroll.
| for which he became personally reSpon-
sible. A receipt was admitted in evil
dence, to show the transfer of stock of
the lone Gold Mining company to
FarnsWorth, and subsequently from
him to the Nevada company.
Farnsworth testified that he told j..
G.. Phelps Stokes that he had purchased
| the property.
How much did you give for it?" in
quired Stokes.
well, l expect to sell it for more
than 1 gave" he replied.
How much will you take?"
$3.50, 000,' was the reply.
Stokes said he thought it a good prop
erty, and would consider the PROPOSE
ton to take it at that price. wishing
to consult with his father. Arson
Phelps Stokes, in New York.
After considerable negotiation. a tel
egram was received from the father. In
structing his son to take the property
at that price, provided FarnswOrth
would take in part payment $4,000 in
stock.
Farnsworth said all right. he would
agree to it.
Farnsworth admitted his purpose to
conceal from Stokes the price which he
had paid for the property. o. A Muir
dock held the papers until a payment
was made, the stock being transferred
upon payment of $4,000.
At a later date one of the Stokes
asked him:
Did you make anything out Of those
investments
You know about my Nevada exper-
ience," replied Farnsworth.
The witness was questioned as to a
reported dramatic scene in New York.
in which it was stated that Arson
Phelps Stokes lifted up his hands in
horror and said: How monstrous are
the reports that are going on in Ne
vada."
Farnsworth said he had paid no at
tention 20 the rumOrs.
Were you, in purchasing the prop
erty, acting as agent?" asked Mr.. Zane.
Farnsworth answered in the negative,
and said that it had never been sug-
gested until the suit was brought.
At Austin, in June, 1898. Stokes made
inquiries about the purchase price. and
Farnsworth replied that if he thought
ne had been cheated in the property he
Farnsworth> would take the property
and give all the money back.
Stokes said no to that proposition, but
stated that there were stories going
around that Farnsworth mad made
money out of the purchase. He asked
for the vouchers. and Farnsworth said
he could see them in Salt Lake.
Farnsworth said that after thinking
it over. he thought it unreasonable. as
he knew not the object they had in
wanting to see the vouchers. He
thought it could not be for his benefit,
and that Stokes had some motive in
making the demand. He finally said
to Stokes that he would make no state
ment until a final one in court He
asked Stokes why he did not take the
money back, if he was dissatisfied over
the purchase, and received the reply
that that matter was not in issue.
The defense rested with the direct
examination of Mr.. Farnsworth last
evening.