The Alaska citizen., 1911-05-29

SpoCiilc. so he ordered the affidavit stricken from the files He then ap- pointed I.aheree and Goodwin per maneut receivers. Judge Reid had previously arranged in private with the attorney for the bondholders to appoint l.aheree if the attorney would recommend also the appointment of his brother in.law Goodwin.
 Turner recommended Laberee to Iudge Reid. in personal letter. not- withstandng that had submitted 10 Turner conclusive proof of I.aberce's swindling practices and fraudulent representations
 took the case to Washington and preferred charges against Judge Reid for appointing as receiver person SO notoriously dishonest as Laberee in the face of my affidavit. and for striking my affidavit from the files. I submitted evidence to prove my charges. Other charges were filed at the same time All were invcsti- gated by the Department of Justice resulting in the peremptory demand by the Attorney General for Reid's resignation. He resigned. I2xSena, tor Turner cXcrted himself in vain ta save Reid
 Turner had acted for Frost in op- posing the temporary roceivership obtained on my original petition, but about and became the attorney for Labcree
 Following the foreclosure sale in October 1909. when the property was bid in for F C. Jemmett as trustee for the hondholders. the Alaska Northern Railroad company was or ganized by Laberee and Turner with the cooperation of Mir. Jemmett. I.aheree was made president and Fur ncr one of the directors.
 Laheree and Turner were in Wash ingtCn promptly on the cOnvening of congress in December. 1909. and be gan lobbying for the passage of a bill guaranteeing by the government the payment of interest on their bonds. and granting to their road the privilege of buying 5.o0O acres Of Alaska coal land al BIO per acre. They did not succeed in persuading any member of either house so much as to introduce il after two mOnthes of fruitless effort. Lahcree spent the rest of the winter in New York try ing to enlist capital to go on with
 In the meantime the Canadian owners themselves have taken up the task of financing the road inde- pendently of laberee.
 Whether the Canadians were i'm posed upon when they entered into q contract with Laberec. or purpOSely 1 engaged man of his immoral habits and fragrant dishonesty l do not pre- tend to say. II is certain, however, that F. C. Jemmett. general manager of the Sovereign Bank and one c1 the three trustees who hold all the Alaska Northern stock for the twelve banks that own the Sovereign and through il the Alaska Northern knows of I.aberee'S grating and swindling career, but is compelled in self defense 10 shield him. Jem- melt is himself implicated with La beree in some very coarse transac- tions in Alaska Those transactions may be known to their employers or may not be Disclosures ill due time will show
 | It is equally certain that w. J. Bo- trustees acting with MT. Jemmett as holders of the Alaska Northern stock in trust for the owners is likewise in | formed concerning Laberee.
 When the facts in this connection are publicly known. as they will be, there will of necessity be a wedding | out III tue AldShd .\ol tlltll, " lIltI' firmly believe. will result in the building of the road under competent ana creditable management with hon. est protection accorded alike to all bona fide investment in it.
 Neither Laberee nor Jemmett has dollar of investment in the SOv'r
 eien Bank or in the Alaska North hcrn, and neither has had at any time
 Neither had at any time dollar in
 vested in the Alaska Central. They are employees merely Not one of tie
 present officers or directors of the
 Alaska Northern owns share of
 stock in the company. except the one qualifying share assigned to each of them.
 On the other hand I have been from the beginnin gand am still an investor in the Alaska Central, in
 stock or bonds, and for two years prior to the sale of my construction
 company to Frost X Osborne, ear
 ried the financial burden of the com
 raGy practically alone. am there fore. exercising a legitimate right aud performing a moral duty in insisting
 that the Canadian owners. if they
 wish the equal protection of Ameri-
 cap laws and the respect of tie