The Ohio Democrat. (Logan, O. [Ohio]) 1886-1906, 1905-02-02
A Secret Contract With the Governor for
Canal Grab.
WATCH THE NEXT LEGISLATURE.
Transportation Company Agrees to Turn It's Franz
chise Over to the Terminal Company.

said contracts and resolutions and
connected with the development OF
traction power throughout the length
OF the Miami and Erie canal, or in any
other corporation organized by him
and growing out OF the completion, de-
velopment or extension Of said rights
hereby assigned TO said Lamprecht by
said Fordyce.
Sec. g. Unless said signatures cf
the governor and attorney general OF
Ohio are obtaised to said copy OF said
resolution of Feb. 20, 1901, within the
time above limited, said Lamprecht
shall be subject to no obligation here
under TO make such further payment
of $50, 900 or to deliver said stock to
said Richardson or his nominees, and
said sum of $4,000 shall be payment
in full for the rights so assigned by
said Fordyce to said Lamprecht."
THE agreement" says the Post, "is
signed by Thomas N. Fordyce and Will
liam H. Lamprecht in the presence Of
Frank N. Wilcox and H. B. McGraw.
Technically the signatures of Gov
ernor George X. Nash and Attorney
General Sheets were not obtained until
about week after the three days had
elapsed. The state board of public
works executed the lease and contract
with Fordyce for the canal banks be-
tween Cincinnati and Toledo March 26.
1t contained no provision for recon-
| pense to the state, save that the canal
boats hauled should pay the usual
all 81 ha all atn In.
tention of the projectors to haul canal
boats. 1t will be seen that the state
actually lost money by the contract"
The Cleveland purchasers evidently
did not hold out on the technicality OF
few days in paying for the procuring
Of the signatures. as will be seen from
the following letter sent by County
Commissioner Richardson to LAM
precht:
Dear sir-T am in receipt Of your
favor of the 31st of July, which came
to hand during my absence. and note
what you say. Kindly issue the stock
in certificates Of 500 shares each, as
follows: Three certificates In the
name of G. c. Richardson, three In tho
name of Thomas n. Fordyce, three in
the name of Daniel J. Ryan. and six
in the name of George B. Cox. and mail
them all to me Lere with the receipt
or receipts that you desire signed.
which / will have properly executed
and returned to you"
The stock records OF the company
show that the certificates of stock
mentioned from Lamprecht to Rich
ardson and subsequently by Richard
son to A. E. Fiehl. Fiehl was placed
on the stand and he testified that. the
stock he held belonged to George B.
Cox.
The Post says: "At the same hear
ing Otto Miller secretary and treas
urer of the NJ. & E. company, testified
that he delivered the stock to Rich
ardson.
"He stated that the $4,000 stipu.
lated to be paid to Fordyce was, in
fact paid to Richardson
"The manner in which Richardson
broke up the stock would have made
1t possible to have given Cox 100000
worth. Richardson $150,0oo, Ryan
$3.50, 900 and Fordyce $l50,000. but the
testimony Of Feihl indicates that Cox
decided to keep 1t all.
Here is where Governor Myron T.
Herrick enters the stage.
1.-THE stock record of the company
, shows that on March IS, 1902, the men
, in this syndicate transferred an equal
portion of their holdings to Myron T.
/ Herrick, l6 2-3 shares from each 1-11th
| | - o1 Nj hot
Herrick transferred the interest he
, had received from the syndicate to II.
/ G. Studley. who had been n clerk in
| the Society for Savings. which is Her
t rick's bank. subpoena was issued
t fer Studley which disclosed the fact
5 that he was dead.
:. when an effort was made to get
3 the testimony of Richardson and 9th
r ers Of Cincinnati, Governor Herrick. D.
S J. Ryan and others, On injunction was
! sworn out and these parties escaped
t giving their testimony"
The Post shows how the electric
= mule" company entered into contract
g with the Cincinnati Terminal company
J. which was organized for the purpose
:, Of owning and operating tracks anc
J. terminal facilities within the city o
l. Cincinnati and elsewhere within tht
e county of Hamilton for the accommo
dation of street railways and railroads
l. or railways to be operated by steam
n electric or other power
l. II is agreed that the Canal company
e at any time within 10 years. upon thu
II request in writing by the Termina
IT company, shall assign. transfer ant
l. convey all of the real estate and fixe'
e property of the Canal company stu
q ated within the present or future cor
porate limits of the city OF Cincinnati
8 to be owned, held and used by the salt
o. Terminal company for its uses and tn
c. purposes for which said company i
Incorporated The Canal company re
70 serves the right. without payment. L
e use the tracks and property OF the Tel
v minal company. land any future track
q that may be constructed upon tn
0, banks or in or over the bed OF sal
's canal" s'
p Stripped OF legal verbiage. II mean
~ that as soon as the Canal compan
r. gets the much sought additions
IL rights" from the legislature. II is
70 turn over all rights exclusively to th
~ Tarminal nOmpanv