Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-08-25
Sensational Allegations Against
Prominent Capitalist and Poll
tician Of PoCateIIo.
CLAIMS IT is BLACKMAlL.
Bank Wrccl,cr Seeks 90 Get Back
Idaho Canal Stock After Get
ting out OF Prison.
Special Correspondence.

Of Illinois has filed suit IN The United
States district court against James n.
Brady, chairman Of the Republican
! state central committee and capitalist
OF southern Idaho, 10 recover The sun
of $4,000. which spaldlng claims 10 Do
due him through an alleged fraudulent
! transaction on the part OF Mr.. Brady
in his purchase Of certain stocks and
! bonds conveyed to the Pocatollo Power
! q Irrigation company by Spaldins. lie
claims these properties were worth
$4,000, but were purchased by MI
Brady for only $4,000.
Prior to 1897, spalding was, besides
being treasurer of the University OF
Illinois, stakeholder ana director of
the Globe Savings bank OF Chicago,
( which institution he wrecked, thus
causing the university the loss OF Us
deposits. lie sought TO redeem the lat
ter institution from total loss by con-
Neylng TO II by deed Of trust stocks iu
The Idaho Canal company and the Poe
atello Power a. Irrigation company,
After Spalding's Indictment and con-
vicuon. the state OF Illinois took charge
Of these holdings, which Mr. Brady
purchased later for $4,000 when, the
plaintiff alleges, they should have
brought $4,000. Through foreclosure
proceedings, claimed 10 have been
plan TO fraud, the properties afterward
passed 10 the Idaho Canal & Improve
meat company, limited, organized by
Air. Brady for the purpose OF taking
over all the assets OF the Two old COM
panies above mentioned.
II is further alleged that Mr.. Brady
gave i99 shares OF the stock OF the Poe
atello Power d Irrigation company TO
the then state officials Of Illinois, who
promised not 10 interfere with his
.plans. This transaction took place be-
'Iween October Of 1899 and October Of
1901. Spaldng asks that the transfers
be set aside and that he be given his
original securities or that judgment In
abe sum OF $4,000 be allowed him.
BRADYs ANSWER
Being interviewed on the case. Mr..
BRADY said.
The action has been threatened for
some time, and / have said to them. |
Proceed at your earliest convenience
IL is blackmail and every one familiar /
with the history OF the action has no |
hesitancy In saying so.
Il secured my holdings referred Ia IN /
the complaint by open purchase on the /
exchange. where everybody had night |
10 bid and by a contract made with |
The governor. auditor ana treasurer of |
The state OF Illinois
The falsity of the charge is apparent |
when they are compelled TO allege fraud |
upon the part Of officials of the state |
Of Illinois, men of uuquestiOncd integri- |
~ and standing.
i shall IN a very short time file my |
answer and disclose the utter fasily |
Of the blackmailing suit.
This man Spaldiug dcfaultCd for |
$4,000. and served seven years in the /
penitentiary for his crime Three hum /
dred thousand dollars of this amount De- |
stole from the University OF Illinois. /
and all the assets they secured from /
him amounted 90 only about % cents Ola /
the dollar IL was a part of these AS
sets which he turned over 10 the uul- |
vorsity. that ] purchased.
In order to show that I am guilty /
Of fraud. Mr.. Sgadmg win have 10 |
show he was not defaultcr. that hc |
WAS innocent OF the crime of which Do, /
WAS convicted and hat the governor.
auditor and treasurer OF the state OF |
Illinois were in The steal. Ii IS simply /
one Of Spalding's desperate efforts 10 /
get money by his old methods
RAILROAD TAXATION.
The state board Of equalization IN
session this week has determined It's |
action on the question OF railroad tax /
alton In this state for the year 1906. /
u has seen ~ 10 raise the taxation per /
mile on all main line roads On the state. |
SO, 800. and leave the rate FOR branch /
lines with a feg exceptions, the same |
IS last year. Some lines are still un- /
der consideration.
In examining the assessment rolls NJ /
The several counties of the state tho /
board ~ equalization discovered some /
facts, which bespcak other /
than close work for the ASSESSORS.
surplus MONEY In banks. watches and /
,ewelry, sewing machines musical in |
struments. vehicles Of an kinds. saw 4
logs and lumber are asscssable proper. /
ties: but these were wholly on in mart /
overlooked by most Of the county as
SCISSORS. ~ one were 10 20 according /
10 the assessment roll for Ada county's |
IN musical Instruments. /
money IN banks. vehicles. bicycles ana /
Iewelry. he would find that she pos
sessed nothing at an IN that line. vet
Boise with all her wealth Us situated I'm
he heart OF this county.
Again. Bannock county has $500
- musical fYafrrsu....t.
lls50 worth 81 bicycles. while Bear
Lake county. the smallest in the state.
has musical instruments valued al
1915 and bicycles worth Sass.
According 20 the report submitted ~
he board by Bingham county. that I
tounty II utterly VOID NJ saw logs
money on hand. lumber. machinery.
bui u way up on musical Instruments
Ind bicycles and vehicles
None Of the above named properties
were reported from Fremont county
Except vehicles.
oneida county stands Money on
hand. s. 656. musical Instruments 800
and vehicles, Ss-.3l6. No icwelry or ma
thinery r. reported.
And % on through every county
Kootenal seems 70 have the most COM
piete report.
SCHOOL FOR AFFLICTED.
The old Central school building. sit.
mated Just west OF the capitol build
ing, Is now being remodelcd inside and
htted out Tor occupancy hy the school
for thg deaf dumb aud blind OF the
state ard Offices for certain state on
cials for whom there win not BE- found
room IN the capitol building when the
legislature meets, for = number ~ these
oricers are nov occupying committee
rooms.
Those for whom new Offices are he
ing prepared are; The bureau Of I'M.
sisrsiion. labor and statistics. sinner.
,n'endsht Of public instruction. dsh ana