The sun. [volume] (New York [N.Y.]) 1833-1916, 1902-10-24


supplies TO STATE institutions M Hill
said
toy. Dd"ll's rad last winter upon the
tIaritdhl" institutions Of the state. which
have Just drscribod aston-hcd aud shocked
a." best people Of the STATE" The political
motive OF ~" move was apparent 10 every
Keen political observer. bat MANY people
N-f" uhabl" I" discover any other adequate
motive II las now been shown III art ,,lrs
recently published IN several responsible
n"Uspap"rs that the motive for the reor-
Iaui@a'ion Of the boards Of mana ger of
a." Hospitals tor the insane aud the lcgisla-
ton enacted Ias' winter vas merC-ndrv
N its character. becau-" of tn" personal
interest OF Odoi in the grocery house of
Matthews Co. corporation OF tho city
Of Newhureh. Those articles stated that
Odell became a stockholdcr IN that grocery
corporation after his election TO the Gov
crnorsftp. and TINT such corporation had
done considerable business WITH various
State institutions in tie selling OF supplies
thereto. THAI IN substance was the 9ist
OF the charge, and II true. disclosed not
only an Important but dlscredtsble mo
tive for the vicious legislation enacted and
thut w!l'h was sought to be- enacted az the
last legislative session.
After two DAYS reflection and careful
consideration. t,ov Odel last night at Svra-
cu>e. vent ur'd to make a defence or rather.
an explanation or mitigation. of the charge
Presented against him. II was, however,
an explanation which did not explain n"
was forced to admit that after his election TO
the Hovernorship w.t. IN April. 1901 he
acquired an interest OF s25.opo in N. Matthews
grocery corporation OF Newburgh He
admits that utefcrred stock 10 that amount
was ISSUED" to him That made him a due
and lawful stakeholder of that corporation
He thereby became legally liable for it, debts
and Interested in it, business prosperity
'' "''''"PS 7" i'a''''" 'n' fhhhIl'-t IN
propri"'y al such an Investment. at such
time, IN grocery corporation doing business
Win IN, s,,to in 81. r,rrisbt,, -, s,,,,,ia.
,n ,,s ,r.,t,',,o,s t,. ,ro,n,a,,
- ''o' = ny ''''"''"s wa, Wv
" Vs h o , aT was no, ''r,''c, "a
security for the alleged loan. and all III.
conceded circumstances show that the moneys
were l'.v "''''d ana me stock issued TO HIM
~ va, VI po' ",iUn 'n' 500
MAD ben intended ~ collateral security
y " ould not have been issued 10 HIM. nut
assigned TO odSIi accordins to ihS usual
Money aIicyeI 70 IN hs SC on,rs ~as ,r, yhe
d"ht. The debt had, pref ,rencc for its pay.
stock was really no security vhrtcyer The
loan device " III not do II san aft"rthousht,
,r 81 a.. , ME- NM =" eos1cs! the
'rI, "a, IRE oi tnr I,l.-t .t'hhtnI, ,rhnsh,uoh
,rn" r. ~ ,f r.oot y, 70 h T.,' ,Ssrn
-. az, ~ ,ioais ,,'a, ,u,I a. not iIIt"
and iwf,i .tork Ind,r Of ,hat c" m ti,,n
sl' 'a"i va, va ~ ", stou Nv, ~ t'a. VI 'oia ti"l
rcss,d sd hi,n..I ~"' ~ '''S'''' eu anu
n'u,n ,nI' ~, 3D., o,r,o,a,i., 4; ..-.
,oii "pCsir.d ~, r.at,ca ~ w fr
:So'o1n 70 sea- 90 and for thai pirpo;,e all
W., 81 81, H. t.'i,', ~ 't"ru W nay
~ WI Va rA' u '''' A'l!N b'ltld llllu
- o!u'r'' Iil va" o'"f eImot OF liz S'a,t' Iu
Mtlt.hf HuiI sIeheu anu tu pE MN,
irat,o nun ~ ,,i a. .,L i gu no. -
i go "rJ ~, ~ cru 10.
- H,,,,ff VI az -. ~ .sar3., ~ I,,'i -
n,dr !, y vi W. 'S'' 4'''H'' 9's""u ana
S"o'" I" ny ''IH'
w, the undcrSsned s,ockhold-l' Of ). "
waive noucc oi Npec.a meeting To be held for the
plrp2sc o. red ,c,ni ne CAPITAL STOCK o. Ntd cor
peoraumn rom $500 I@.n 'tnr ~ go, mars
,sare. Of prcferred stock Of he par yal,e ~ ,in
tine and witnog, notice tou> h H. OnIIL IT,
Dated july Is 1901.
%6 t ~ "a f ay c &c So HaT s
came benjamin T. odcl. Jr. to me- known. and
hpo"n TO m, ne to be ne pef'1n described IN and
'used tha' he 'Ae'1''d 'u' , s,me' vr,,,
,axo -, c ""HS ~ n lego.
Judge OF Court OF Claims y. Y
stockholders II is now too late for Odell /
to relieve himself from a desperate situation |
10 resort to the suhtertugp of claiming that |
he oCcupied anv other different relation TO |
that CORPORATION than It's other stockholders
II is thu, clearly shown from this record |
evidence that he WAS pcCunIarily Interested I
in that concern anxious for itS success and 1
prosperity and the legislation which ha sub
se0uentlv sanctioned placed the state hos
pitals virtually under his own ofiCial direc.
/ on and gave him control of all the purchases
OF supplies necessary for tho.~ institutions
I he amount Of these subsequent purchases
is not tho material matter
Tho Legislation enacted las. winter srou cd
great puhll, ind gnat,on and il was desirable
tha, too much greediuess should not be-, i'm. |
uedIat.lv shown as suspIcion might have |
been sooner attrartsd 10 Tho real ohiec.s nj !
TINT LOG slation |, stands ,onrrded tb4t !
m una nourds nj ,o, al 4 r.,r,s . Mound we're |
u,ir,h n scd from This Torroratinn hy tho =, 80.
Ins,i,iI, ions since tho irrurlhnpry nj C,o, 1
od,i .uI that mn Mics have hccr cons,sn,i. |
rur, Iased ,ror, ',b,> ,orro,.tinn o. ~ ]
II iddi.,oun and poWshLecneio atIrtr. AZ,
irg ~ 10, ,.sr ~, oinr,,,g ,n 49,,
,housands ~ Iorsrs 1baye no ti,,e % 49,
49, dc,oHs ,'n,,.L, IL is ,s, ~ -,
-" =. , w W ~
N,, a'ar,. '"arrnr,; r,,,'m
'l,',a. Vi -, 90, pa,aiW" ,r.,,Ll
I'M ,i, 80, , 81, !, Uu"m LnVrrm...i.ru
:. ~, "Ii". - WI ~ Iut,nerr
on'a ~ - NJ. - 49, ~ ~ NurI
-, - a. on ~ 49,
" WI y ll'' 'u,' "H'l ~. y o,t'H,dtIo.NlN
i'ldh!nH nav 'aN!N N''lI 70 w Nh.Ious NIhle
llp-ln'tlS anu o'H'l 'lIfl lt'' lH-ll'I'lOllS