Evening journal., 1905-04-03
OFFICIAL
RESIGNS HIS POST
Inspector Holden Accepted
Loan of SILL From
Storey Cotton Company
.aE TURNED II WITHIN FEW DAYS

Philadelphia, April 3. - George G.
Holden, the inspector in the United
States postal service attached 10 the
Philadelphia inspection division, who
admitted that the Storey Cotton COM
pany, the defunct "get-rich-quick"
concern. most of whose officers are
fugitives from justice, advanced Sl10O
TO him as a loan for a few days, has
sent his resignation to washington.
Holden declares that he received the
money and paid it back a few days
later, without any understanding or
agreement with the Storey Cotton
company that he was to protect the
concern against investigation by the
postohice department He, however,
admitted that in accepting the loan
from that concern he was indiscreet
and thought it best in view of the
revelations in the case, to send his
resignation to the postal authorities at
Washington.
The discovery that Holden had re-
ceived a loan from the Storey Cotton
company was made Thursday. Evil
dence Of the loan wss found while AS
sistant United States District Attor-
neys Stewart and Swartley, of this
city, were making an examination of
/ the books of the defunct concern, for
I the purpose of getting further evidence
/ against Stanley Francis, who is under
arrest, charged with being an officer
of the Storey concern. Holden was
present when the discovery was made.
/ The loan was entered in the general
cash book. and read:
april 20. 1902, Geo. Holden, S1100"
When the entry was shown to Hol-
/ den he was greatly surprised to find
that it had been entered on the books.
His explanation At the time was that
it was a personal loan. The matter
was Immediately reported to W. w.
/ Dickson, inspector in charge of the
local division, who in turn commune
Gated the facts to the chief inspector
at Washington By direction of POST
master General CortelyOu, Inspector
Mayer. Of the New York division, has
been sent to this city to make an in
vestigation Of Holden's connection with
the Storey Cotton company Inspector
Mayer started work on the case Satur-
day and returned to Washington.
where he had a conference with Chief
Vickery He came back to this city to
continue his investigation. He declined
to discuss the case in any way.
In a statement made by Holden, he
says that the loan was paid back with
in very few days, and that he was
greatly surprised to learn that it had
been entered on the books of the COM
pany, becasse it was a personal loan
from F. Ewart Storey. He believes, he
said that the loan was placed on the
books to do him injury. Since the loan
was made, he says, he has sent three
separate reports to Washington recon-
mending that fraud orders be issued
against the Storey concern.
It is sail that Inspector Holden de-
clares that Harrison J. Barrett. for
merly of the department of justice
Washington. and nephew of the late
James Tyner. who was involved in the
postofice scandal, was the attorney
Tor the storey Cotton company while
he was actually connected with the
department of justice.
Asked if it was true, as Holden con
tends. that Garrett was responsible
for the failure of the postoffice depart
ment to issue a fraud order against
the Storey Cotton company and thai
he was their lawyer. United States
Assistant District Attorney Stewart
said:
q can only say that the investiga
tion into the Storey affairs and the dis
. covery of certain papers seems TO par
TALLY bear out that contention. ! know
r what he got"