Evening journal., 1904-01-12
TELEPHONES, ,
TUESDAY. JANgARv Il. 1904
THE LID TAKEN OFF.

The suitNinstDtuted by George Whar-
ton Pepper RECEIVER OF the Bay State
Gas Company, reveals enough Of the
workings II that concern to show the
most rem9fkable bit Of fnanceering Of
this age/and Of this or Of any other
country The publication of the list
OF disbursements shows that many
men/who have been foremost in poll
tic4have been receiving gifts for which
~ rendered no services and this
Aoncy was paid out Of funds that did
Aot belong to them and did not belong
q to the directors of the company, save
as trust funds.
The bill charges that Addioks'
in connivance and conspiracy with
other officers and directors Of said
company, negligenty, fraudulenty
and unawfully used his position
and managed, directed and con-
troled the affairs, business and ac-
tons Of the said company for the
private and personal gain, profit
and purpose Of defendant himself
and such others as heN desired TO
benefit and to the injury Of the
said company, It's stockholders and
bondholdcrs.
He seems to have used the company
as his personal property. Meetings
were held az unusual hours and with
out any advertisement that could be
called by that name, in order that pro-
testing stockholders might not be pres
cnt His board Of directors simply
sat and recorded his viii. They al
lowed him TO handle the assets Of the
concern as he chose; they paid him
an immense sum FOR his services as
president and another large salary as
director They voted thousands Of
dollars Tor telephones. dinners. hotel
expenses. printing and advertising for
which it Is easy to be seen no real
services were rendered the company.
And an the time these benehclaries-
leeches-were basking in the sunlight OF
his smile. participating in the fraud
and boasting OF the generosity OF their
master. They were even trying to fas-
ten on the State the eternal disgrace Of
sending him to the United States SEN
ate.
We ask nobody TO form an opinion
on conuoverted matters until a jury
has passed on them. but all are cap
able OF passing judgment on the list OF
items which was charged TO the COM
pany and which had to be borne by
the stockholders. His former private
secretary was paid $4,000 for travelling
expenses" and legal expenses" An
other man somewhat prominent in
politics received various amounts rang
ing as high as 500 for detective ser
vices" Although he was never de-
tective. A Dover lawyer got $4,000;
one man was paid bin for milk; an
other got $500 for medical services
though how he could have ministered
TO a corporation is not clear. Tele-
phone bills were paid for almost every
body, and the directors paid for a CUR
for somebody to use.
HNAt were AiililtIs travelling NA-
penses, and for rooms at the hotels
The Waldorf Astoria got $4,000 foi
rooms, and various sums were voted
for expenses that clearly could moi
have been in the interest OF the com.
pany. In all It is charged that Addick.
misused and diverted funds amounting
TO nearly S4.ooo.ooo and that the on.
GERS OF the company simply acted al
his tools doing his bidding without
question.
The most gigantic confidence gam,
Of the century has come to an end
the rottenest and most brazen politica
conspiracy in our history goes with it
Not a line Of this is written in malice
but that our people may awake an,
see the truth now that the evidence Il
before them. They have winked at tn
most shameful transactionsw while deny
ing them; but the people of Delawar
viii certainly repudiate fraud and cor
ruption that is so evident.
a CONSCIENCE cAMpAICNp