Mountain Home maverick. [volume] (Mountain Home, Idaho) 1906-1911, 1906-08-23

Perhaps the most sensational law
suit ever instituted in Idaho was
filed at Boise Saturday in the Unit
ed States circuit court by Charles
w. Spalding, of Chicago, by his
attorneys, c. S. Polk and L. w.
Winchester, against James H. Bra
dy, chairman of the Republican state
committee, and several co-defend-
ants, in which Brady is charged
with committing a series of frauds.
The bill of complaint consists of
27 typewriter pages, which recites
in detail the history of series of
frauds that began in 1879, whereby
the complainant, Charles w. Spald-
ing, was defrauded out of $270, 900,
for which amount, with interest,
a judgment is sought to be secured
against James H. Brady, the bene-
ficiary.
The title of the case is "Charles
w. Spalding, plaintiff, VS.. James
H. Brady, Idaho Canal company,
Idaho Canal and Improvement COM
pany, A. v. Scott, Pocatello Pow
er & Irrigation company, w. S.
CLANCY, A. T. Marshall, F. S.
Stobbs, A. B. Melville, Royal
Trust company, as trustees, de-
PENDANTS. -
After reciting the early relations
of the plaintiff with Defendant Bra
dy, the failure of the Globe Savings
bank, of Chicago, and the incarcer-
alton of its president in the peni-
tentiary, together with history of
the organization of the Idaho Canal
company and tho Pocatello Power
& Irrigation company, the complaint
proceeds to relate series of fraud
ulent transactions whereby Brady
appropriated company money to his
own use, wrecked the several COM
panies with which he was con-
nected, deprecated their stocks and
bonds, and finally bought them for
himself at a small fraction of their
intrinsic value. This, it is alleged,
was done through fraudulent con-
nivance with Illinois state officials,
who held the securities in trust.
One allegation is that though the
money was twice furnished with
which to pay off certain liens
against the properties, it was di-
verted TO his personal use and these
liens were employed as a basis on
which to apply for and secure the
appointment of a receiver.
If the complaint can be verified,
it's sure thing that Mr.. Brady
has been going some.
Regarding this suit, ]. II. Brady
stated to the Boise Statesman:
"The action has been threatened
for some time, and l have said to
them, Proceed at your earliest con-
venience.' 1t is blackmail, and
everyone familiar with the history
of the action has no hesitancy in
saying SO.
81 secured my holdings referred
to in the complaint by open purchase
on the exchange, where everybody
had right to bid, and by con-
tract made with the governor, aud
itor and treasurer of the state of
Illinois.
''The falsity of the charge is ap-
parent when they are compelled to
allege fraud upon the part of the
state officers of the state of nli-
nois, men of unquestioned integri-
ty and standing. These deals were
open and above board and were
known, not only to the state Off
GERS of Illinois, but also to many
other men of prominence in that
state.
Il shall, in a very short time,
file my ans wer and disclose the
utter falsity of the blscl1mailing
suit.
This man Spalding defaulted
for 5000, 600 and served seven years
in the penitentiary for his crime
Three hundred thousand dollars of
this amount he stole from the uni
versity of Illinois, and all the as
sets they secured from him amount
ed to about 20 cents on the dollar.
1t was a part of these assets which
he turned over to the university,
That l purchased.
I'm order to show that l am
guilty of fraud, Mr. Spalding will
have TO show he was not a default