Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1906-02-21

been provided for prior to the time
mentloned2
Mr.. Whitney--It may have been.
SQUIRES EXAMINED.

been provided for prior to the time
mentloned2
Mr.. Whtney--It may have been.
SQUIRES EXAMINED
Col. George B. Squires, assistant sec.
rotary Of state since January, 1905,
wils the last witness called during the
forenoon session lie was asked as to
whether he had examined the hooks
Of the Continental Life Insurance and
Investment company, and answered I'm
the affirmative. To the question as 10
what state of affairs he had found
therein, the witness said that he found
item entered In the books subse-
quent to December 81, 1904, that had a
bearing upon the report filed for record
as covering the period ending on the
said Slst of December. 1904
The report filed by the officers OF the
company showed that there was cash
on hand to the amount of s27.-
examining the book that there were
ccrtaip sums included IN this amount
which did not propcrlv he'o- 'o~~''
Among these items WAS th. ..
resented by the McCornch .udn, win -.
so far as the records showed, had not
been made at that time. The sum of
$l.250, representing transaction be-
tween one Horskey and the company,
and which properly belonged to bills
receivable, had evidently by mistake
been included IN the amount said TO be
Oh hand. The mistake had been CDR
iccted by the bookkeeDer
TYREE PROMOTION ACCOUNT.
Answering Mr. Lyon as 10 what
amount the report showed az having
been disbursed during the year 1904.
Col. Squires answered that the sum of
9.5l3 was the sum named In the re-
port. This, witness said did not In
clude various othSr sums expended
that should have gone TO make up the
sum total the chief item of which was
sl325O, called the II, Tyree Promotion
account. Another amount not includ-
ed was the sum Of Sl2,200Sl represent
ing commission accounts, and
various small sums paid out as fees
for entering Idaho, Montana and Wash
ington.
MIR Lyon-Then these items amount
ing to s27.ii2ll. were not included in
the disbursements?
Mr.. Squires-They were not included.
TEN PER CENT BONUS,
In ss-examination, Judge Powers
brought out from the witness that the
vestment company was organized by
people who had intended to organize
the Western and Southern Investment
company. but finding, after papers of
incorporation had been prepared, that
there was already IA company of That
title, the name had been changed ac-
cordingly. In the formation OF the
company, the subscribers were re-
qulred to pay 10 per cent of the capt.
tai stock, 50 per cent In six months
and the balance In twelve months, with
the understanding that those who so
paid should be reimbursed to the
amount of the 10 per cent, when the
success OF the company would warrant
such reimbursement; that at meet
ing held Feb. 90 1904 II was, upon
motion of w. n. Dickson, a director
OF the company, decided that those
who would pay up the full amount
Of their subscriptions should receive
bonus OF 10 per cent
COST COMPANY slS,250
Judge Powers asked the witness If
the Organization of the company did not
cost the sum of slS.25O and was an
swered that the books showed such TO
be the case, but that ne could not
nnd out lust how the money had been
tAI'Huths
Was not committee appointed to
investigate the matter of the money
spent In the exploitation Of the conf
pany. asked Judge Powers, Mr., squires
replied that such committee, consist
ing OF Directors Gooding, Dickson,
Steele and Mccormick. were named TO
make the examination. and that thay
made a verbal report. which was adopt
ed by the directorate, and the money
thus accounted for was thereafter
known as the II. Tyree promotion ac-
count.
AT this point Judge Diehl announced
that he would take "A recess until TINS
afternoon, and 1t was then that the co.'s
lision of words occurred between inc
opposing counsel In the case.
GUN PLAY CANARD.
Manager Tyree returned from San
Francisco last night and was an inter-
ested spectator in court today in the
case against him. He denied emphatic
ally the story that was wired to SAT-
Lake and which was published in the
San Francisco papers that there had
been a gun play talk and stormy
meeting. The truth Is the meeting was
a most harmonious one and the tale a
canard pure and simple