Evening journal., 1899-06-03

doesn't need the money nov and 1t can
be paid of at any time"
Ford then said: well. 1 don't like the
idea Of that s. Of a b., Pres. Lea be-
ing in there on the ground floor some
where. I've got the money TO take 1t up
and would rather do It. 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 90 on the $4,000
bond, but to carry the Union Bank loan.
Mr.. Vandegrift advised against disturbing
tho bank loan. We told him that Il was
Ford's desire to take 1t, that Ford was
our friend, and that we thought he ought
to have 1t II he desired it. Mr. Nandegrift
then agreed to prepare the papers. In our
desire to make Ford feel comfortable in
his investment we gave him, in addition
to the mortgages, $4,000 Of the company's
bonds, 800 shares Of its stock, 100 shares
Of New Castle Electric Railway stock
some personal collaterals and offered him
the presidency Of the corporation so long
as we were liable to him.
Ford stated that he wanted Mr.. Vande-
grift to act for him as well as for us in
closing up the matter. Mr.. Vandegrift
declined and said that Ford had his own
attorney. After much solicitation and
persuasion by ourselves and Ford Mr..
Vandegrift reluctantly consented to act
for all. We told Mr. Vandegrift to make
Mr.. Ford as safe as be knew how, and
how well Mr.. Vandegrift know his bust
ness is attested by the dghtness 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 90.
The very same afternoon I'VE received a
message to the effect that Ford wanted
some Of the block of stock he held trans
ferred to Peter A. Horty. We made the
point that that block of stock was held
as collateral for the payment OF certain
obligations, and that il could not properly
be separated from said obligation, and
the agreements thereto, but that we had
no objection to making Mr. Horty a
stakeholder and if it was desired we
would place other stock in Mr. Horty +
name
After a few days Ford told us that il
was the general impression that he had
gone into the newspaper business, and
that he had a business reputation al
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 to put his plans
through and after several days Of cen
7 sultation, on Thursday afternoon May 4
we left Ford, after a talk with himself
and his attorney, H. II. Ward, Esq, viii
definite understanding that we would
go ahead, make Ford president, let Fore
name director and that we were to Sc,
Ford the next day friday and close tn,
details.
Friday came and, without an intima.
4 ton from any source, Sheriff Taylor
! came in and closed the place. and, S,
eager was Ford to get possession of hi
new toy, by which he expected ito MAKE
men and break men, that he had not de
cency enough to Wait until the current is
sue Of the paper was off, but peremptoril!
insisted that his attorney should act a
once. and it was only through the forbear
l ance of his attorney, II. II. Ward, ESQ
that we were permitted to print a pape
/ at all on May 5.
, We called up our attorney. Lewis c
Vandegrift and informed him Of Ford
action. Mr. Vandegrift was astounded
and insisted that we must be mistaken
. that It could not be- We told him Their
7 was no mistake; that Sheriff Taylor wa
? at that moment making the levy. MI
. Vandegrift suggested that we see For
] at once. We could not reach Ford. w
5 got Ford's attorney, II. II. Ward, Esq. o
! the phone; he knew nothing-had bee
e out OF town that day. and on his retur
I got orders to enter the bond forthwith
p levy and close the place. Ford's attorne
l made an engagement with US for ths
evening; after long interview, Mr.. War
e was impressed with the necessity Of a
{ immediate adjustment Of the difficult!
and called Ford on the phone, stated this
= Mr.. Edwards was at his office, and thl
= Ford had better see Mr.. Edwards. Fol
e declined to see him, and told Mr.. Wal
that Mr.. Edwards and Mr.. loft were n
a to be permitted to enter the office. Their
= upon Mr. Edwards requested Mr.. Ward
k ask Ford whether the paper was TO be /
sued the next day and the reply was tn
i Ford had a man who would be on han
y the first thing in the morning, and tn
= the paper would be printed
k We told Mr.. Ward that in so doing Fo