The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-05-18
TALE OF HOPE AND
TRACTION DEAL"
Continued from Page 1.

In a statement to The Herald yester-
day afternoon he said:
II know nothing about the transac-
ton. 1t is absurd
Judge LeGrand Young, counsel for.
the Light & Railway company, said
there was nothing to the story.
Mr.. Hope came to me about three
months ago and asked if we had bonds
to SELL" he said. II told him we had and
named a price at which they could be
had. He talked also of buying stock
and I said the owners would sell their
stock at a certain price to anybody who
was prepared to negotiate in good faith.
He talked about his ability to handle
the DEAL said he would see me later
about II, and I have not seen him since.
He had no option on either stock or
bonds and I have not seen him since
1 would know if there had been any
negotiations with him and know there
have been none"
Judge Young said further that he
knew nothing Of Mr.. Hopes financial
backing except what that man himself
had said about it.
Governor Cutler said:
81 have no interest in the company,
and my name was used without author
iZatiOn-"
Hope Makes Admissions.
Mr.. Hope last evening admitted that
he had no authority to use the names
Of H. H. Vreeland, Hetty D'Oissel,
Thomas Jackson, William G. Rathbone,
Alexander Mckenzie, Henry Dupont,
the London Share & Debenture COM
pany. Thomas Houston & Co. or Selig-
man Freres & Co. He claimed, how
ever, that a mysterious associate, whose
name he refused to divulge, had this
II
he had excellent credentials, which he
refused to show.
When the papers for the new corpo-
ration were signed last evening, the
only names attached were those of VIII
lard Young. L. c. Miller, Charles F
Wilcox, George c. Parkinson, Beresford
Hope, John A Bagley, W. j. Robinson,
W. H King and T. NJ. Lyman, jr. It
was admitted that none of these had
paid any money
Mr.. Hone was asked last evening
why this company with its S25,000O00
of capital was not incorporated in
Utah.
why. it would cost US g, 800 he re-
piled. and we can incorporate in Idaho
for a matter of $25 or So"
It is believed the promoters were able
to raise the S25 without waiting for re-
nittance from Baron D'Oissel or Car
Nicholas, and that the Incorporation pa
pers were sent on to Boise for filing
last night.
Mccormick and Wells Deny.
Mr.. Hope declared last evening that
he was negotiating with men repre-
senting the English bondholders Of the
Utah Light & Railway company.
u still represent the English bond
holders of the Utah Light & Railway
D y,y.v
last evening. Il know nothing about
this man Hope, although 1 have my
opinion"
Mr.. Bailey declared Mr.. Hope and
his associates had an option on the Nc
Cune interest of As per cent OF the
common stock in the Utah Light &
Railway company. Joseph S. Wells,
who is Mr.. McCune's business repre-
sentative. denied this last evening
Mr.. Bagley announced that the Inter
national Trust company, with a capital
Of $3.50 600, had been organized as an
adjunct of the other proposition. He
gave the names of David Eccles, DR..
c T. Wilcox, Lafayette Holbrook, r.
W. Young, J. E. Talmage, A. F. DOre-
mus. J. A. Bagley, R. P. Morris, L. R
Nfartineau, Beresford Hope and Mr.
Stevenson
Mr.. Bagley declined to vouch for Mr..
Hone beyond expressing d belief In his
responsibility and to say he had seen
letters and cablegrdms convincing him
If the deal goes through, according to
Mr.. Bagley. his Shoshone Power COM
pany will receive from the English cap
itaIfsts named by Mr.. Hope the sum OF
S. OOO. 900. He said he had as yet re-
Ceived no money. but he had received
msnv. assurances from Mr.. Hope and
was optimistic.
Old newspaper men in Salt Lake say
no story has been printed in years
equaIIing the tale Of Hope" except the
celebrated interview with 'Admlra
Schley'' and the series Of accounts OF
the pursuit and capture Of the muir
derer Of VeTmilion."