Evening journal., 1899-06-05

doesn't need the money nov ana IL can
be paid on at any time"
Ford then said: well. I don't like the
idea Of that s. Of b. Pres. Lea, be-
ing in there on the ground floor some
where I've got the money to take II up
and would rather do 1t. Six per cent. Is
as good to me as to them fellows"
We went direct to our attorney, Lewis
c. Vandegrift. Esq, and told him that
Ford proposed to not only go on the $4,000
bond, but to carry the Union Bank loan.
Mr.. Vandegrift advised against disturbing
the bank loan. We told him that It was
Ford's desire to take It, that Ford wasl
our friend, and that we thought I've ought
to have it II he desired It. Mr.. Vsndegrift
then agreed to prepare the papers. In our
sdesire to make Ford feel comfortable I'M
his investment we gave him. in addition
to the mortgages, $4,000 Of the company'sl
bonds 800 shares Of its stock, 100 shares
Of New Castle Electric Railway stock,
some personal colaterals and offered him
the presidency Of the corporation so long
as we were liable to him.
Ford stated that he wanted Mr.. Vande
kgrift to act for him as well as for us inI
Ielosng up the matter. Mr.. Yandegrifti
declined and said that Ford had his own
attorney. After much solicitation ana
persuasion by ourselves and Ford, Mr..
Vandegrift reluctantly consented TO act
for ALL We told Mr.. Vaurcvrift to make
Mr.. Ford as safe as he knew how, and
how well Mr.. Vandegrft knew his BUSH
ness is attested by the tightness Of Ford's
/ grip when he got us by the throat
The papers were executed and the
Union Bank was paid Off on the afternoon
of April %.
The very same afternoon I'VE received q
message to the effect that Ford wanted
some OF the block Of stock he held trans
ferred to Peter A. Horty. We made the
i point that that block OF stock was held
as collateral for the payment of certain
obligations. and that It could not properly
be separated from said obligation, aud
the agreements thereto, but that We had
no objection to making Mr. Horiy a
stakeholder. and If it was desired we
would place other stock in Mr.. Horty 3
name.
After a few days Ford told us that il
was the general impression that he had
conc into the newspaper business. and
that he had business reputation at
stake, and thought the paper ought to
get up a boom. Ford outlined a number
! Of improvements he thought advisable
] and was told that they could not be made
without capital. Ford proposed to furnish
All the capital needed 60 put his plans
B through, and, after several days q con-
sultaton, on Thursday afternoon. May 4
! We left Ford, after a talk with himself
{ AMI his attorney IT. II. Ward, Esq, viii
T a definite understanding that we would
/. go ahead. make Ford president. let Fort
{ meme a director and that we were to SEE
Ford the next day CFriday) and cloge tho
details
Friday came and. without an intima
ton from any source, Sherin Taylo
came in and closed the place and. 81
I eager was Ford to get possession of hi
new toy by which he expected Ito maxi
n men and break men" that he had not de
e cency enough to wait until the current is
\ sue Of the paper was off, but peremptoril,
70 insisted that his attorney should act a
- once, and it was only through the forhcaT
n ance of his attorney, II. II. Ward ESQ
T. that we were permitted to print pape
It at all on May s.
e We called up cur attorney Lewis {
d vandegrift and informed him of Ford
D. action. Mr.. vandegrift was astoundet
!, and insisted that we must be mistaken
e that II could not be. We told him ther
y was no mistake; that Sheriff Taylor wa
le' at that moment making the levy. Nj
y Vandegrift suggested that we see For
at once. We could not reach Ford W
Is got Ford's attorney. II. II. Ward, Esq, @
4 the phone; he knew nothing-had bee
he out Of town that day, and on his retur
Of got orders to enter the bond forthwith
D. levy and close the place. Ford's attornC
al made an engagement with US for Thu
evening; after a long interview, Mr.. Wal
ne was impressed with the necessity Of Q
ut immediate adjustment OF the difficult
and called Ford on the phone, stated tn
k Mr.. Edwards was at his Office, and tn
r. Ford had better see Mr.. Edwards. Fo
ne declined TO see him, and told Mr. Wa
that Mr. Edwards and Mr.. loft were n
I'D to be permitted 70 enter the office. Their
e. upon Mr.. Edwards requested Mr.. Ward
TX ask Ford whether the paper was to be
sued the next day, and the reply was tn
Il Ford had a man who would be on hai
ly the first thing in the morning, and I'll
T. the paper would be printed.
Tx We told Mr.. Ward that in so doing Fo