Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1903-03-16
.hltake1 WHQbt
Is cA1raigned.
He is Wiling 10 Reiarn 10 England but Insists an Erann
nation His Niece, S,flSs Browne hferVpted- CkaIe-
nan Of Shareholders Committee Tells Of The Stosy hat
Members Of The Royal Fanup Wee Behind The Promoter.

world who could prove t. If he has
such letters they ought now TO be IN
the possession of the New York au-
thUrities, as we supposed they searched
his effects and Wright IL not likely 10
let such a powerful Wcspon Of defense
out Of HIS personal keeping. Within a
few weeks The chief issue IN the
Weight case WIN be the question Of the
completely on otherwise OF the most eN-
allied persons Ia the empire in Wrights
schemes We do not anticipate any dif-
llcuIy I'M obtaining his eXtradluon, but
Is what Wrights friends maintain
,urns out To be true, his genuine pros
ecutiun VIII become an extremely deli
cate matter. We believe, however that
the lawyers az present engaged, viii slft
the matter TO the bottom regardless of
any considerations"
Referring to The interview with
Wright published I'm the New York
Herald today. Mr. Flower said;
Of quite sympathlze with Wright
when he saws the failure Of the London
& Globe was due to the treachery OF
others. There is no doubt Of that. But
II must be remembered that for three
months prior 10 the failure the London
n Globe had not a cent In It's lockers,
yet " was doing over half a million
pounds IN speculation at every set e.
ment. The governments decision that
the directors as body could not be
proceeded against does not prevent
Wright. as the prime factor in the rot
ten condition which existed before the
failure, being made to take the respon-
sibility'
Atty-Gen. Flndlay, IN the house Of
commons. this afternoon. said the
crown would pay the cost Of the extra
ditlon OF Wright and the payment Of
the crown Of the whole expenses OF the
proceedings would be considered, His
prosecution, however would be- left IN
the hands Of the official receiver Of the
london & Globe corporation.
on his way 10 the federal building
Wright made a statement in which he
said;
81 shall waive all extradltion formal
tiles to 20 back to England as soon as
the government natures all arrange
ments.
'The story about the amount OF
money lost Is all bosh," he said THE
amount lost altogether did not exceed
four million pounds. This all turns
toward the time when the crash came.
The dividends paid out under secured
capital, consisting of mining property,
were more than the capital itself of the
Globe company The Roer war. with
its financial Irregularities, contributed
largely and was chiefly responsible for
destroying the value Of mining property
al that time, whenever assets were IN
vested. This Is scheme or plan TO
destroy for the time being the market
values Of mining properties,
THE Globe company today would be
on its feet had Il not been for the
subway. or underground road In Lon.
don but unfortunately I'm an unwse
moment the Globe became Interested In
this and the crash came The money
was legitimately lost. This occurred
two years ago. ] went over the books
carefully myself with the receiver. and
the matter was laid IN al its entirety
before parliament
THE attorney general for the crown
told me himself that had a clean bill
OF health, and was not culpahle In any
way. | am an Englishman by birth,
but | am an American citizen. ! have
three children living with my wife In
England, and three are buried In Phil
adelphia. Miss Browne Is my neice an
and is my sisters child. She came here
to examine mining properties"
Wright was arralgned before United
States Commissioner Alexander and the
hearing was adjourned TIL Wednesday.