Rogue River courier. (Grants Pass, Or.) 1886-1927, 1912-02-16
IHREE WEALTHY STOCKHOLM.
- ERS HOLD THE KEY.
SANDERS RELATES FACTS
Those Who Agree to Furnish the
Money Are Slow to
W Act.
(From Tuesdays Daily.)

George E. Sanders returned from
Medford last night, where he went
with p. Phillip of Chicago to have
3 conference with the attorney of
the Chicago-Rogue River company,
A. E. Reames. After the conference
Phillip went to San Francisco on
train No. 13 to have a further con-
ference with G. NJ. Leonard and R.
B Slaughter. Some definite word is
expected from them by Thursday
morning.
N While here Phillip assured H. D..
Norton, attorney for the creditors,
and A. E. Reames, attorney for the
plaintiffs in the Golden Drift suit,
that they would go on with the deal
and make good on all of their agree
ments this year. Phillip stated that
he could not make definite arrange
ments without first seeing Leonard,
owing to their private relations, but
that after seeing Leonard he would
carry it out alone if necessary. San
ders says Phillip is rich man and
amply able to do the entire job alone.
@ 1t is not generally understood by
the public that the Chicago
River company has about 400 stock
holders, a score of which are wealthy
men, and about 200 others are we'll
to-do, abundantly able to make an
Investment of from $500 to $1,000
each, and the present condition of
affairs is not to be blamed on the
stockholders, as they have not been
asked or allowed to subscribe TO a
fund that would relieve the present
Situation.
Last September negotiations were
entered into with Leonard to furnish
the Chicago-Rogue River company a
part of the funds that it required,
and Leonard stated that he would
not furnish part of the money, but
that he would furnish all of the
I money; and in October he did actu-
ally make an agreement with the
company to buy all of it's securities
and to furnish all of the money nee
essary to put in system of bitches
for the coming irrigation season
One payment was made on account OF
4 this contract, and the money used
& for the payment of the laborers who
worked on the dam. Since then
Leonard has defaulted on his pay
ments, giving one excuse after an.
other, and in the meantime has en-.
Il deavored to drive a better and hard
er bargain with the board of direc'
\ tors, but the matter stands just as Il
II did when the contract was signed II
B October, as the company by that con
tract sold all of its securities anC
4 has not had anything to offer the
other stockholders so that funds
could be raised.
In the meantime Sanders says a
the request of Leonard, as an induce
ment to carry out the irrigation con
tract, he induced Phillip to take one
third of the deal and help Leonard
influence Slaughter take the othe
third, and to give larger return oil
the investment he went out ant
bought for them all the good Ian,
that was available at REASONABLY
prices, so that these gentlemen nov
own several thousand acres of Ian
that will come under the bitches tha
will be dug this year, and there
thus another reason why they shoul
carry out their contract with tn
company and make the funds avail
able.
Before Philiip went to San Frar
cisco, Sanders says that he mad
them an offer on behalf Of himsel
and other stockholders that he woul
take the same deal that the compan
gave them and carry it out within tn
next thirty days, so that it is up {
these men to either go ahead g
voluntarily release to the compan