Coeur d'Alene evening press. (Coeur d'Alene, Idaho) 1907-1929, 1909-12-18
SWINDLE CHARGE
POLITICAL JOB
SAYS GOVERNOR BRADY in REF
ERENCE TO SUIT FOR con-
SPIRACE IN CHICAGO.
Says Bonds ON Which Case II Filed
We're Fraudulent.

BOISE, Idaho, Dec. 1S.-Goyern-
or James H. Brady, who is made the
central figure in sensational suit
filed In Chicago by Mrs. Mary Stone,
on account OF an alleged swindle on
the part OF the chief executive of
this state, Of the Idaho Canal COM
pany, of Chicago, denies absolutely
he conspired directly or indirectly
with anybody relative to the sale
from the receiver of a defunct Chi
cago bank of the bonds floated to
finance the irrigation project con-
structed by the Idaho Canal COM
pany. He was one of the chief pro-
motors, but states that on the con-
trary he bought the bonds and prop
erty for the sole purpose of protect
ing the investment made. He fur
Their explains that Spalding trumps
up the allegation against him period
ically for political purposes.
Governor Brady said today:
Is Political Move.
THE suit filed in Chicago by Mary
b. Stone against the Chicago Title &
Trust company charging conspiracy
with me in wrecking the Idaho Canal
company is simply continuation of
tactics employed by Charles w.
Spaldlng ever since he was released
from the state penitentiary OF I'LL
nois, where he served i've years for
embezzlement.
''Spalding wrecked the Idaho Canal
company. ] owned $4,000 of the is
sue OF 100000 authorized by the
company. Spaldlng sold 800, 900
bonds at par and embezzled or ma
nipulated the othAr $4,000 to his
own advantage and not one cent OF
the money ever went into the prop
erty. Ninety thousand dollars of the
embezzled bonds reached innocent
purchasers.
Il was compelled to buy then
With the other 100000 that HAD
heen sold In order to save the money
that I had invested. The other $50.
GOO were declared null and void By
the court for the reason that the!
were fraudulently issued BY Spald
ing.
Bought at Public Sale.
Il bought practically all the bond
| purchased at public auction afte
an advertised sale. and when tn
property was put up for sale
bought it at public auction. The ii
Ito was never questioned.
This was open transaction. an
anybody had a right to bid for tn
bonds. This suit is only for an az
counting between her and the Ch
eago Title q Trust company. Sh
does not ask judgment against me-
These transactions occurred in 1885,
II Years ago. within a year afte
Spaldins was sent to the penitentiar,
where he served time for I'VE year
SHa401nE E1Ae0 buAESs
About two years later, after b
tine had expired. he commenced q
Ing suits against me and the chieas
Title 4 Trust company and other 0
hcials in Illinois. He has kept
up at intervals ever since. but hi
not won single case.
When this case is tried 1t win
found the two bonds held by Maj
b. Stone are fraudulent and shou
never have been paid The Chieai
Title q Trust company is one Of Il
leading strong institutions of Chic
60 Its standing In the eommuni
vas never questioned.
The charge Of conspiracy co
corning its standing and reputatil
Is simply absurd. and win amount
hothing except a noRsuit. / new
eonspired. either directly or Indires
~, with anybody relative to this pE
perry. and bought IN the bonds a
property for the sole purpose Of pl
'ecting the investment already had