The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-01-06
STILL DRAGGING ALONG
Case of the Nevada Company VS..
Farnsworth.
SALE OF THE LONE MINE
WHY THE CONSIDERATION WAS
STATED AT 500.
The Defendant Did Not Want the
Real Amount Paid By Him Known
For Legitimate Business Reasons,
So He States-The Cross-examina-
ton Not Yet Finished.

The Nevada. company VS.. P. T. Farms
worth suit occupied another day in the
federal court yesterday, with Mr.
Farnsworth during the entire time IN
der examination. which was not
completed last evening and will occupy
a portion of today
The examination brought out
the document for the sale of the lone
| properties by Simon Bray to P. T.
Parnsworth in confederation of 800.
He said he received the, money back
from Bray on March D. 1898.
Mr.. FarnswOrth admitted that, in
making out the papers for the purchase
OF the properties, the real amount in
consideration ($S0O00) was purposely
omitted, because he didn't want any
one to know what he had paid Bray,
also, he said, didn't want the purchase
price made Known.
How could l sell the property" re-
piled Farnsworth in answer to Judge
Dey, If | let them know what l paid
for it?''
SO that's the way you do business,
is it?' inquired the counsel.
Yes, that is my method" was the
answer.
Farnsworth denied having said. on
Feb. %, at lone: 'Our folks are DESTROYS
of acquiring more property, and 1 want
to talk about it," He also denied that
he heard j. F. Mitchell say to William
Bray: Keep away from Graham
Stokes; he is a peculiar duck. or chap,
and if you talk TO him it may spoil the
trade"
Farnsworth said he intended to con-
ceal the price from every one except
those concerned in the deal, and in
tended to conceal the fact from Stokes
that he paid any less than $4,000 for
the property. He did not tell J. G.
Phelps Stokes that he paid any less
than that amount or that he was max
ing $4,000. and did not tell how much
he was making. He said he never
strongly recommended to Stokes the
purchase of the Bray mines. He denied
saying that if the Nevada company
didn't take the property he would.
What he said was that he would oper
ate the property if the Nevada COM
pany didn't take it.
Asked as to his ability to raise the
purchase price, he said he had reason
to believe he could get all he needed
for the transaction at either the Des-
eret National or the State Bank of
Utah. He admitted that he was in
debted to both banks and to the Horn
Silver mine, but the debts were well
secured.
Farnsworth stated that it was un-
derstood with Simon Bray that the
purchase price would be concealed.
The vouchers for the payment of the
purchase price We're taken up, and in
reference to a bill made out on March
%, 1893, stating that the Nevada COM
pany was Indebted to p. T.. Farms
worth $4,000 for money advanced in
payment to Simon Bray, Farnsworth
admitted that he did not pay the
amount to Bray. Asked as to the OBJ
ject in sending the fictitious voucher,
signed by Simon Bray, for $4,000. to
Mccullough in New York, he said it
was for the purpose Of concealing the
purchase price and enabling McCul-
Tough to fix up his books. Farnsworth
denied that such a proceeding enabled
him to get 200 shares of stock at 500
per share, declaring that he received
the stock according to agreement. a
letter was read by Mr.. Dey, wherein
Farnsworth expressed his thanks for
the receipt Of $4,000 saying that it
had been a serious burden to him. He
admitted being ahead $4,000 in the
deal at that time, but disclaimed any
intention of being misleading in refer
ence to the serious burden" saying it
referred to a personal matter.