The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-07-10

the prospect of securing them, stating
that he was certain the British-Amer-
lean Securities, Limited, would take
them up. The truth of the deal be-
tween Hope and myself is that he was
going to dispose of the bonds and di-
vide the profits with me. He came to
Ogden later and examined the records
of the company. This is about as far
as the deal ever went. Hope explained
to me, however, that his inability to
dispose of the bonds was due to the
fact that where he offered them for
sale he was Informed that the same
bonds had been offered previously at
a lower rate.
Agreed to Give Check.
Concerning the International Trust
company, Hope first approached me on
this matter by asking me If I wouic
consent TO be q director His scheme
was this: He assured us that the Brit
iSh-American Securities, Limited, was
anxious to invest its money in good
mines and that they desired a board OF
directors here who could be counted
upon to safely pass upon all proposed
loans. They wanted business men
whose judgment could be relied upon.
The British-American Securities, Linz
tied, was to furnish all the money at 8
per cent and was also to receive per
cent of the earnings of the trust COM
pany. The directors were to be divided
equally between the officers of the Brit
ish-American Securities, Limited, and
the local incorporators.
1T was decided to Incorporate In
Ogden for the reason that the law re-
quires only One-half the amount de-
posted with the treasurer that would
be required within a city of the first
class. In our case this amount was
$4,000 Hope desired the money, the
actual cash, deposited. but to this OBJ
jected 1t was agreed that 1 was 20
deposit check for this amount for the
full amount and accept the note of the
other directors for their respective
share. This check was not TO be
cashed, as the money to be loaned was
all to come from England. In case the
directors voted to spend any portion of
the $4,000 each director was to pay his
amount
Trip Abroad Promised.
1--WE had the articles of incorporation
drawn up for the trust company along
these lines, but they were never filed.
On one occasion Hope expressed him
self as sorry that the company was
not incorporated as it could then han
die the Silver Bros. bonds and receive
part of the benefits. Hope desired that
| should be one of those to go to Eng
land in accordance with a letter he
presented and which was supposed to
have been received from the British
American company This would be i'm
possible, however, on account of my
interests here. Shortly afterward |
went to Mexico and did not know but
that some of the other directors had
taken the trip abroad. At one time
Hope stated that he would pay the ex-
penses of this trip if his company did
not.
Denies Giving Money.
You can say for me as enphatically
as you desire that Mr.. Hope never pre-
sented a bill nor received even as much
as a ten-cent piece from me. l did not
give him a letter of character and as to
examining his credentials and pro-
nouncing them all right, we looked
over them and said they were all right
as far as they appeared. I told the
directors, however. that the letters
counted for nothing and said that it
was altogether question of whether
II1Oil6N
to swing the deal
THE waterworks bond question was
really put to him as a sort of feeler.
/ was suspicious Of him and warned
DR.. Wilcox repeatedly. The doctor
seemed to be wrapped up in Hope and
insisted that he was all right. / knew
nothing of his having offered the Og-
den waterworks bonds for sale to a
firm in Canada. / had nothing what
ever to do with the Pennington city
bond deal, although l did know that
Hope had a number of other schemes
in addition to those in which we were
Interested
Lays Blame on Wilcox
AT the time The Herald denounced
Hope and the organization of the Inter-
mountain Consolidated Railroad COM
pany, / refused to be interviewed for
the reason that DR.. Wilcox had tele-
phoned me saying that something det-
rifnental TO the interests of the COM
pany had been published and TO say
nothing until ] had seen him. When /
saw him next he told me lot of stuff
and showed me some more of Hope
letters, TO which L paid so little at
tention / cannot recall them now.
did not telegraph to London or any
where else to ascertain if Hope was
what he represented himself to be.
did not think this was necessary be-
cause II was up to him to make good.
and until he did this he could securs
no money from us"
HoLBRook slDEsTEPs.