The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-01-18

making m nieKHl cOntE4cts "Alth sHlb-t I
happen 10 AZ individual as wen as 70 4 4
CORPORATION. Taking i, for granted that 4
Pierce sas telling the truth he told n %
thai he could not understand how ne I
could be having trouble IN maintaining I
his fooihold in Texas. and although re-
fuslng 10 accept fee TO help Pierce Sc
cure reinstatement. ssod promised 10 ace
what coald be done for him II n.s state l
ments were correct.
At this point M. Bailey depressed 20 1
say that II he had knogn that the de-
PENDANT corporation was going 10 De
dragged around as Il had been IN this
matter he gouid not have hesi-ated 20
accept employment az iia hands 70 de-
7 fend IT, as be was not one OF those demA
xoguez who wanted TO drive out capital
, for the mere sake OF nghting corpora
tons neither was he 80 cowardly as 70
be afraid to defend any person Or cor
poratson when he thought they we're
right. Continuing be explained the puF-
pese OF his Wait TO Austin last May,
Which was TO take steps 10 head of a
movement to frame the platform Of the
Austin convention !n opposition 20 his
/ we'll known views During said visit he
J had discussed the Waters-P.efce mat
ter with the governor, who agreed with
him that II was not 4 wise policy to
{ make gar upon any enterprise which
aided in the development OF toe safe,
may have done vac ready 70 pledge itself
to hereafter obey the 1aE. Referring TO
conversations ne had had with the at
torney general and the secretary Of state
he said he had taken the position that
a. the State had already compromised
with much greater offender than the
wa>>rs-Pierce company namely, tho
Southern Faclic) and taken its mere
word for future good behavior IN the
face OF The strongest kind OF proof OF
guilt, there could he no great harm in
compromis ug With a Defendant the main
charge against whom hae been withdraR n
from tho jury By the .rlal court for lack
Of evidence 10 sustain st. Il did not
look reasonable 20 him that Hhen Sr
Pierce bad come forward and taEen lie
oath prescribed in the snti-trusg law NJ
900 there was any roam TO doubt the
sincerity OF his professions hst the new
Waters Pierce company was 70 DO con-
Quoted on lawful basig. Fad he vent
IN rnderling down here 10 make that
oath there would have bscn room for
doui5t But no; In the fare OF the fac,
thai h. could have wit hdfaWn hlrnscN
from Under the Jurisdiction ~ the state
Of Texas and taken edvaniage OF ira
, munity from State regulation by dong
an exclusively Interstate business. Pierce
preferred 20 try 20 1--we on amleable toms
With Texas ana subject himsclf to its
r laws.
HAD I teen convinced" said Mr. BAL
, ley. that the waters Pierce company
was a trust hut that SO vas trying 30
! reorsanize on lswfal basis. / would
= have been willing 20 hclp # 70 60 But
e the chances are that woulS nos hrre
q taken any stock In trying to help 1t set
j tie It's penalty suits"
Mr.. Bailey next testified as TO the pur.
chase OF the Gibbs ranch and fled an
4 itemized statement OF the TRANSACTION
. With the committee. together with a re.
cital Of the sales Of portions thereof auC
Of the stock therein made since be Oh
tained possession thereof giving names
T. figures ana dates in eaca instance an,
> dels ing what had been done with tn
proceeds. When the charge that ne ne,
- obtained the land as a fee for service
y IA tue Waters Pierce matter began |
l. be eiFculstcd Re went to Nj, Glb0s an
II bousai DaCk from n!m the lani ne la
obtained from Mr.. Francis 20 make "a
~ original trade and for whieh ne sttli owe
ie GiQD3 5000, SIR. fraGci5 mad not -
I'd decided him The Grapevine f4cln beea4a
Mr. Gibbs gtil held mis- (hllilyFl not
for the $4,000. Vel Mr. francis had bee
lNioTltd before the people auI charge
" nth rying TO crfupt officials oi "a
% State OF Texas. MIR. Si1iey. mac wh
e knew nothing whatever or the Urdnsai
90 uon, had aiso been dragged iato inia.
10. was not pleasant TO parade his prt7a
o. affairs and those OF his friends bcfo
81 the world but he wanted ali the flc
IN this trade made part Of the record
Ell that no scounirel could successfully 2
warp them hereafter.
when ] first cane 10 this state
i'd said, Il bad little property and
people take It away from me, ana tL
called me fool. Now | am trying
IS get como property and they call me
ley rascal. ! got into this thing TO ht
On, Barnett Gibbs more than TO help myse
| talked with Jim Wells. Bob Klebel
Jot Gunter and others OF my frer
'cd before taking this burden upon mys
ne- and they all advised against IT, sayl
oy- they did not believe could work II o.
ul- Fortunately for me- as well as for I
nd people OF Texas, we had good crops Il
The year, ana j was able TO meet the oblia
lA.- lions | incurred IN this transaction. II
an II been otherwise, would have ii
Hey before ! would have asked any one
,nt- help mo out In the matter. ! would HI
BE surrendered my homestead irst, as I
and once before 10 pay my debts when
The did not have the money to satisfy
Used creditors Now | am ready 20 ausv
he any question the committee may wish
NTH ask me aud any other person here pr
med ent Is at liberty TO interrogate ne"
aen -
wv No one came forward to question
avsr Bailey. In answer to Mr., Decker OF
: at committee he said that In suggesting L
"ny Henry 4 strlblinE were entitled TO a r.
W. ~ sonabIe fee for the settlement Of
tsa- Waters-Pierce case he believed that
WAS doing the proper thlns lie thou
defendants should pay an costs
thought Il would he saving to the 81
iated 20 have the attorneys Sees added to
Town amount OF the judgment, as he did
quite know that The statute provided them y
that fee. II was not in the Interest
ssary Henry & Strlbling that he had made
num- sugGesNon but 10 save expense 70
State. lie had undoubtedly advised
ar 10 Pierce to dissolve his old corporation
e. GENE back into the state with cl
hands. Had not discussed that ma
yorn wtua the attorney general and knew nS
Ing Of the issuance OF new permit,
'Ate- Of reorganization when he came
q by Waco TO talk to Thomas Had not
\ n anlned the Standard Oh trust agreem
\, until this matter came up 1t Was eg
y "a by three classes. nanely: Certain
'leree dividunls, certain corporations and