The Hood River glacier. (Hood River, Or.) 1889-1933, 1909-08-19

| u. FROM your knowledge or the
circumstances surrounding that trans
action and the property that was
transferred from the Power Company
to the Light Company, the uses for
which il was transferred or wanted by
the Light Company and your general
knowledge of the circumstances sur
rounding that transaction, and being
party to 1t, what do you say as to
whether s25, 900 was q reasonable
price TOR the property transferredY
| A. | do; the results have proven.
| don't think 1t was excessssive.
L. Butler, CROSS examination, page
592:
@. And l understand you to say
after the deal was closed, Mr.. Dsvid-
son suggested IL you would take GER
tain piece OF real estate that he would
olose the trade with you.
A. Yes.
IuQ. Was the deed made to you or to
your SOM
A. To my GOD.
Q. Truman?
| A. Yes.
@. What part Of the farm, as 1t was
originally conveyed to you, have you
leitP
l. A. | think there waa IS acres In the
farm; sold 40 OF the 65.
| Q What price did you get for itf
A. SIS, 900.
| @. VIII you qualify your answer
that you never had any part In the
transfer there-any part in the trans.
fer of that property from the Power
Company to the Light Company or
will you cay you don't rememb ber this?
A. 1 will say never received dol
lar and had nothing to do with the
transfer OF that property; never re.
oeived any of the issues of these bonds
or any Of the money or anything of
that kind; sold all the stock | had
LOB shsres-and this after that time
was Mr.. Davidson's immediate trans
actions at the time. had nothing
to do with it from that time on aud
never received a cent ia any way,
shape or torn or any Ct that S25, COO
deal.
@. Were you ever present at a
meeting of the board of directors of
the Power Company when the matter
was discussed whether the Power
Compay she uld sell to the Light Com
p'S' <. No. that remember Of.
Q. Your memory is clear on that
or do you mean to say you don't re.
memberY
A. There was some talk, smay be !;
think the Light Company may have
offered that, but there was no details
worked out while | was stookholde or
In the Power Company.
| Certificates of stock No. l and No.
7 of the Hood RIVER Power and Water
Go. were Issued December IA, 1904,
to Leslie Butler, and transferred
February %, 1905: why was. this
stock Issued. il Mr.. Butler had sold
al. his interest In the company prior
60 that timer" There was $l5, 1000 Of
tock of rhe Hood River Electric
Light, Power and Water Company
issued December IL, 1904, as part OF
purchase price Of Coon tract and
Sohenok and Eliot leases. This Ia
from corporations records. N. G.
Evans.
Q. lsn't 1t true the Power Company
never transacted any business from
the date Of its Organization In Sept
ember until December, l904f
A. Well, | never had anything to
do with 1t after the time that Bell
and Early went out; no business Was
trsnascted that | know OF.
II. +. Davidson, OF oss. exam ination,
page 843, witness for defendants. ::
@. l notice on page II Of the same
book under the heading O. A. Bell,
December IA, 1904, assumed by Leslie
Butler, one share.
A. That was the date MIR. Early and
Mr.. Bell-that was the date their Ie-
signation was prepared and filed and
their stock, their connection with the
corporation ceased their stock was
surrendered by cancellation on that
date, but that had been done pre-
| vious.
.. The two dividends which this
entry on page 33 shows to have been
paid, aggregating s27, 900, was made
up OF what items-the s25, 600 Ieoeiv-
ed from the Light Company by the
Power Company for the Coon tract,
and also the Schenok leases and the
Dorrence Smith property
A. l don't remember.
Q. That would make s27, 900,
wouldn't itS
A. Yes; make twenty seven.
Q. We're any proceedings taken by
the board of directors to declare these
dividNndsH
"A. | think so.