New-York tribune., 1902-10-28
O'DELL'S LOAN PERSONAL.
]. ". MATTHEW'S SAYS HE OWNS STOCK
ISSUED To GOVERNOR.
COMPANY NOT CONCERNED AND GOVERNOR
HAS NO INTEREST IN THE CONCERN
GBY rELEGRArH TO THE rRIRU

! COMPANY NOT CONCERNED AND GOVERNOR
HAS NO INTEREST IN THE CONCERN.
tBY TELEGRAPH TO THE 1RIBUxEI
Albany. Oct. 2T-Governor OdelI received from
| John w, Matthews, of Newburg tonight the
! following affidavit in relation TO the Governors
| business relations with the grocery firm of Mr..
Matthews in Newburg. which have been made
| the subject of attack in Democratic newspapers
and by Democratic leaders chief among whom
| is ex-senator David B. Hill
State of New-York. County of Albany IS 81
John W Matthews, being duly sworn deposes
and says: That he resides in the city of Newburg
and State of New-Iork; that he Is the president
Co. doing a wholesale grocery business at New
burg and in the city Of New York that sald cor
succeeding the hrm Of J. w Matthews & Co,
Wnieh aad oeen IN IN business al tne fas S
corporated with capital stock of 10000 and con-
ned nr d. NTH H t5 h1[ 9 W5H 3 m up @ iq tes
authorized in the form OF preferred per cent stock
Oden, while a trip with him 70 the West. I dis
eussed the the subject fully OF extending the TIn
and as other details but it was not until 1901
unable to dispose of this stock. and talked with
Governor OdeI concerning II ana. az nus susses -,
5000 and had issued directly 10 him $4,000 Of the
This transaction was between Governor odeu and
mTyse T Ia and n9s ogJwden 9 anq tHs H, mp %
& SsPoP o5 e s sd qG1 4p91 s fa n se S wSs Ss a5o 70
purchase some real estate and would need the
money advanced 10 him. but subsequently informed
mot s sn hm 5 h woa9 no need ne the funds and thai
/ need not trouble myself further upon the mat
Of the corporation OF j " Matthews & Co other
time 10 demand payment Of the loan made 10 me.
and am bound 10 pay the same under my agfee-
eTcePtns s' Mr II Il b odeH Who owns $500 Of the
preferred stock otherwise interested in either the
common or the preferred stock of J. W Mat
thews Co. as owner or PLEDGE. Governor
details of the business nor has he ever been
asked by me or any one else & SO insScs Ia a in
securing trade from individuals or corporations or
While it is true that the hrm has been selling
goods 10 Sing Sing prison for the IaSt elshteen e
years. and to the Poughkeepsie ASYLUM for about
the period, and has done business WIN tne
MatteaWan Hospital since 10 was opened
Vet it is equally true that such sales. almost with
competitive bidding with other concerns engaseo =,
IN the same line OF business The tea contract 20
hS %f our Being the lowest bidders and neither Gov
ernor OdeI nor any one connected Gifecty OF ,bs IN
best Of my knowledge and belief, until a dispute
arose which brought it TO his notice, and it was
Commission in Lunacy, was upheld ana our CIdIiii
disaIlowed a. I am informed and fully believe
Deponent further states that contracts that
have been entered into between the hrn or, OF - b w
Matthews & Co. and the State have ever oeeL SUI
let 10 any other concern Individual and that
no mo pI9 Tame % Of snv other arm or corporation than
J W Matthews & Co, but that az business pc %
t''4NAN+NA-
transacted under its corporate name.
Deponent further SAYS that a reductlon IN tIle
preferred stock was subsequently, determined upon
and that such reduction made " necessary , 20 Sc
cure a notice of waiver and tEat upon my reqIest
Governor Oden signed such notlce SuCn 80, -
tior was determined upon because or the Idliure
eli stock as beretofore set forth and the beller
that a smaller capitalization would make IL pos
shle TO effect a sale and other chSnsTS III oI-s
plan Of the COMPANY. Deponent turther SAYS
that of the amount of common STOCK hanneLy'
s9Ia O00 he Is the absolute owner of 100000
That there are outstanding SSlOO additlonal none
Of which Governor OdeH or his family own or or mas IA
pledged 10 them as collateral OF Is in any way m
terested in and that $4,000 OF such remains IN tle
treasurv OF the company In addition 10 the aooHe
ownership of stock this deponsht rs l''S SS 81
Of the pledged stock held by Governor OoeIl IN
his nepna 10 the amount of $4,000. subject 20 the
loan az before described = -
Deponent further saws that the acton OF S SIov-
erDor OdeII in this whole transaction mas oeeii
one OF friendship and not OF profit, and that the
details of the transaction are gone INTO az tnls
Isnrtb for the purpose Of refuttng the malicious
attacks upon the official proolty ana honesty OF
0''''''' 1signedD JOHN W MATTHEWS.
Sworn TO before this 9Th day OF OGto1er'
1902 bf-NJ, I r,,.Sl ", Sxii ~ a. Y