The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1904-03-15
JORDAN TOLD BOARD
HIS STORY MARCH 2
Continued From First page.

all proposals; also a clause that a bond
form. that is, amended VOTERS form.
Judge Gould was away, and Mr.. Jacob
son had not at that time taken his place
on the board, as remember it. Judge
Gould was visiting institutions and held
this notice until his return When he
returned it was some days after this
form was made up. specifying the 10Th,
and we thought that that was not notice
enough, so we changed it to the ed, and it
was sent out In that FORM
: Question-WeH now, lid you understand
from Mr.. Bronson that the interest he
was to purchase from Mr.. Wolfer was
an interest that Wolfer had had In the
shoe company for some time back, or the
interest that Welfer was to have in the
shoe company after Bronsons purchase
Mr.. Jordan-A previous interest !
didn't know what the interest was until
the 18th of January The details and and
I am perfectly. willing. to give you. Now,
after my brother and 1 had agreed or
consented to Mr.. Bronson'S proposition,
Mr.. Bronson stated that he would like
cause he said he could place it where
Mr.. Jacobson-Now, there is one sub
It would be Of advantage to them.
jects want to question you on you
did you first learn that Mr.. Welfer was
interested in the old company, in your
own company, and how did you know!
Mr. Jordan-Well, what / had in my
mind as to what was going On doesn
count for me Or against me. Wolfer was
here on the 10Th of January and took
lunch with me-. During the lunch he said:
81 want more stock in that company. :
He said he was getting old and wanted
to make living for his family. / told
him | didn't know anyon but Mr.: Bron-
son from whom he could get it. TO make
that statement plain I viii have to go
back further. Last winter in the inyesti-
cation here (you came into the room after
it was all over they put my brother on
the stand and asked him who We're the
stockholders in that concern, and he an
swered plainly and showed who they We're
that's all he knew about it. Now, If
you want long story L will have to go
ness in 1900 and bought the bankrupt
stock of Tarbox, Schlick & Co., of which
this shoe company was part, Reeves
was warden and Lind governor. After
We got our money into it they declared
the contract void. The contract was so
disagreeable that we tried to get out of it.;
tried to get out of it. tried to induce pur-
chasers, offered, in fact, to give all the
in, give the whole plant and move the
stuff out if anybody would just take it,
but we couldn't induce anybody to do it.
-Wolfer came in as warden and asked me
a good thing. We'll he said what will
you give me to get a customer for your"
I had just taken an inventory for Foot,
Schultz & Co., but we couldn't agree on
said; q. will give you 1000 if. you will
get customer for this, butt can't make
a lower price, Then he tried to get a
customer, and I am satisfied he tried his
best, but failed. Afterward he came to
me and said: II have party now that
hope will become interested in this"
I said: WHO is it?" He said: Mr..
Bronson. president of the First National
Iofo ali r a..
right, we are with YOU" After long ne
gotiations we made trade with Bronson,
Wolfer acting as intermediary, as sup
posed and believed, until subsequent mat
tiers, when / concluded In my own mind
that there was a connection there, but
what it was never knew until the 18th
of January, when we We're at the club.
Mr.. Wolfer was there, and while we were
said I didn't know ANYBODY but Bron-
son In the company. "Well,' he says, II
want this stock. Bronson hasn't a damn
thing to do with it. am getting old,
family" I asked him what he wanted,
but he didn't answer. About the time
our lunch was over the cards of the
Beer commanders were. sent in to me, so
we adjourned and sat down there while
with those gentlemen. Mr.. Wolfer said
he wanted to see me minute aside. We
stepped aside and he said: "I tell you
Ta VIII make want a SaSSS Of that sdld tSih
I couldn't furnish 1t myself. I would have
to talk with my brother, and would me-
got1ate with Mr. Bronson; 'An right"
he said. and asked what the price would
be. I told him the price would be just
what 1t called for; wouldn't speculate
on the stock. So the next day we came
before the board, that was the 18th, and
on the nth we went to Saltwater, where
the date was given me. Wolfer wanted
to make a contract for the stock, and
said all right, so he sent for Mr.. Bronson,
who came in and said: Wolfer didn't
understand the price of this as you do,
can make the contract I said: "You
haven't time to make contract tonight
Mr.. Bronson Chat is, the contract for
make it and send it to me tomorrow and
will sign it and send it back to you.
Next morning he phoned me that it
wouldn't be necessary to make a con-
Question-It was on the 18th he notified
you it would not be necessary to make
a contract?
was on the 18th was over there. The
next day was here before you and Judge
Gould. ] was leaving there in the evening
late and didn't have time to make a con-
it to me and | would sign it. But the
next day, the 18th, he telephoned me.
Judge Could want to ask whether or
no. at the time when Mr.. Wolfer said
IA. III
in contemplation of new contract?
Mr. Jordan-That was at the time we
were figuring on it.
Judge Gould-Was the interest an addi-
tional interest which related to this new
contract?
Mr. Jordan-He wanted more stock in
1t and told him didn't know of any one
but Mr.. Bronson in our company to figure
with. According to the bylaws of our
company any stock offered for sale must
be first offered to the present stockhold-
ers and sold to them before it is sold to
anyone else.
Judge Gould-But what am getting at
is this-the talk you had with Mr. Wolfer
about the stock had reference to the
company?
Mr.. Jordan presume it had He
wanted more stock in the company.
Judge Gould-Did 1t, or not, have ref
erence to a proposition that he should
resign his position as warden and take
a hand in the business?
Mr.. JoFdan-That developed afterwards.
didn't know what his intentions were
or anything about it.
Judge Gould-Didn't that develop at
that conversation?
Mr.. Jordan-No, sir; no further than
that in the summer it had been left to
Mr.. Bronson to make a contract when
the time should come around. That is
the reason why I came here in December
We passed a resolution in the summer
that Mr.. Bronson should come On and
make this contract, but he had not done
anything. that is the reason I came here
in January.