Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1908-09-26


dent of the National League of Re.
publican clubs. Mr.. Foraker sent
this letter. which ne also made pub
Tic:
II Herewith inclose O. self-oXplan-'
atory letter that I have just sent TO.
Judge Taft"
LETTER AFTER CONFERENCE.
Senator Foraker said. on giving
ont the correspondence. that HIS ac-
tion was entirely voluntary and that
he haJ received no direct communi-
cation from Judge TAFT regarding
the situation
The publication OF the letters fol
lowed "a series of conferences held
yesterday and today.
Senator Dick and NIr. Vor- s.
were the Intermediates yester-
day. Senator hurry Crane. Of
Massachusetts. reached the city today
and went az once 20 the Charles p.
Taft residence. where Judge Taft re-
mainod inc entire day. After an cx-
tended conference. Mr.. Crane return
cd TO the Sinton Hotel. where he
was met by Senators Foraker ana
Dick The three lunchcd together
in the hotel. and then repaired 90
Senator Foraker's Offices in the TraC-
fion building. where tho conference
was protractod until late in the af-
tcrnoou. after which Senators Crane
and Dick again saw Judge Taft.
EXPLAINS $4,000 TRANSACTION
Senator Foraker earlier in the day
made the following statement to-
The latest Archbold letters.
"The production by Mr.. Hearst of
the letter from Mr.. Archbold 20 me.
dated January %. 1902. referring
go a certificate OF deposit inci0sCd
for $4,000 and expressing the hope
that the transaction might DE salts
factorily concluded. illustrates how
unreliable is the memory and how
easily appearances may deceive
when / first read thu letter I
could not recall that I had ever re-
ceived any such letter or any such
certificate. / at once called mp my
house in Washington. where my LETT
tiers of that date are on file. and had
"a search made. with the result that
"a proposed transaction was recalled
that had gone entirely out of my
mind
"a friend of minc-a newspaper
man-informod me that DE held an
option on the Ohio State Journal TO
purchase Sc, according 90 my present
recollection for S135,OOO. He was
able himself 90 advance but "a small
amount of this purchase price. He
applied 20 mo 20 help him. did
not have enough money TO be of very
material assistance. but for the sake
of having the paper in friendly hands
] was willing 20 advance part of &c..
I applied 20 "a number of friends TO
see IL they would not make up the
balance of the amount.
STANDARD OIL AGREED TO HELP
Among others. 7 applied 20 the
Standard oil Company. They first
agreed 10 loan 90 the newspaper
company. when purchased and reor-
gained, $4,000. according TO my
present recollection. the same 10 be
secured by stock OF the newspaper
company Somebody. who was ex-
pected 10 go into the enterprise drop
ped out and that made il necessary
for all the others 90 Increase the a
mounts they were proposing TO ad-
vance.
AT the request Of my friend
asked the different parties to increase
their advances. and thereupon the
Standard Oil Company did according
ly increase their amount from thir-
ty-five thousand dollars to fifty
thousand dollars. and sent me the
letter with certificate inclosed as
stated. IL was thought at that time
that the transaction would be i'm
mediately closed but there was a
delay Of a few days, and at the end
OF that delay the whole transaction
fell 10 the ground, because other
people had stepped IN and purchased
the property.
'Thereupon 7 returned the draft
TO the Standard Oil Company. I had
no employment in the matter and
never received cent of profit from
it. and never made any charge on
account OF IL TO anybody. I am at
the disadvantage of not being able
20 produce the correspondence be-
cause it is in my files in Washington.
And ] cannot get at il for the pres
ent, but ] am confident that when /
am able 20 produce it il will be found
10 be in exact accord with my state
ment.