| Show CAREER O flin UllADLli 1 a Great Promoter and Is Working Some Stupendous Schemes MAN WHOM CASHIER QUINLAN TRUSTED len Clr lie Srnnprd III I Millions of cash id Many of the I oimtrja lllg Mrullow lie laid It Chicago lb 3The Tribune tiny During the last ten years In hh h Irocl arable the fault to whom nhlr Quinlan of the Chemical National Na-tional Batik ot Nw York loaned In the neighborhood or 1120000 of the bank 3 funds hall hn engaged In float I ug tile stocks bonds and mort gages 01 Ills Western nterpl among Inves I are In the I it frol hich not ksa than 3 000 OUl has been realized Intimately associated with Mr CraW ble hn been Cra-W 1C Kurtz formerly nf Kansas City and Omal und flow or New York The Principal Inveslors In the speculations at the tlO men are 10 cdted In lhladlllhl Nw Jerscy Connecticut and Nw York offices WCI opened In man of the leading towns 01 Connecticut and Mos < achuU and maintained In n limisl stle w title the stocks find bonds wer a fe hl < rcqaafal d dlapod of Toney Line not rquild far the tlnnrer of block In any 01 the enterprises Ir good notes wet e to be bad ad us a result today man Ieple Ind ill emselves In straitened Circumstances hy having ben compelled tu mcetnote flow coming due For > many years Mr arable has en Jojid frlfndly relations with metric < Western olllclals I of the Chicago l llur lington Quincy railroad cut close v ere th ese relations that he was It In on the ground Iloor for town I hn the company extended Its lines to the Mack 11 Ic uent ahead ot the bulll find secured the land whr the Company wa t locate Its stations from one end of the extn taton Ion to the other Where the to branches Jolnedthe line to Deadwood and the extension of Hillings Montana the town of IMgemont I was laid out Mr arable secured a tills to the land around the junction points He had been attracted to the possibilities of Improving the country through which the railroad line piucd by Irrigation and two irrigation companies were formed 1 IB I said that both his big Irrigation schemes If property managed man-aged would have made good return hut with the rtn tit an Insatiate In-satiate Promoter he no soonergot on 4 ntelprle under way than he Infused to look after active operation and was on with the next There was stone in the totally of Kdgemont nnd he conceived the Idea that that town should be the grett manufacturing mint 01 the country for grind clones He forthwith organized the 1dgemont Stan company with a capital ot sroooo and spent a largo Rnm In building the plant for th milkIng milk-Ing of grind stones cThc tqwn jiwdwl ulldlnga IIe or ganlzeit a building yndlcate got a large amount of Eastern capital Into It and pulling up buildings right nnd left along the business streets of the Place Most of the buildings were rented nnd If the title has not been i tle alienated by mortgages lie owners of the stock In he syndicates ought to be cattle to realize something for their I inane jf Garble next started the construction con-struction of a smelter at rI mont which he believed woo to be the beginning be-ginning or one of the greatest smelting plants In the West The smelter Is I not Yet complete but It represents an outlay out-lay of at least J100000 In 1896 Mr Grable brought Into existence the Union Hill Mining company ror a number or Years he had hen aecumu numbr eor IhoJHIackYlins lating mining claims In the lnck little district When Mr arable had some fifty of these claims he thought It wan time to float a company and by getting get-ting eastern capital Interested he might be able to do something with the properties prop-erties which had tied up a good deal or his ready money Accordingly he cave several excursions excur-sions out to the lack Hills from Chicago and Omaha about two years nlO The prospective inducts wee neo iTio great Homestake mine which had turned out millions for the late Senator I lCrst an nbla associates leort The linsincial operations leading to the formation of the Union Hi Mining company were somewhat peculiar 1 had a capital stock of S000000 and of this Mr arable received ISOOOOO In payment for the fifty claims which he deeded oer to the company Tho remaining re-maining SaOdOO north ot stock wax told In the treasury and was to be sold and the proceeds devoted to the openIng open-Ing or the mln Mr CraWe went out to 1 his stock lie gave away a fair percentage of I to get people Interested In the mine and sold about SI 000 000 at prices lunging lung-ing from fifty cent on the dollar down After he bald got this for along he brought Into being another compny which he called the ndgemort Union Illll Smelting Company which was Bhen a capital slock ot S3 GOO 000 Then gradually tho property of the llrst Company was trnnIre to the new corporation nand Hi capital stock Increased In-creased to 0000000 Of this amount Mr arable took S 000 000 nnd O ODD was left In the treasury The original plan was continued by which the treasure stock was to be sold and the proceeds devoted to the development develop-ment pf the property Dy this t time many people of promln ence In I the Ent hall been brought to I point mliere thy were not Cindy In tereBted In the company hut permitted the use of their names In the lint of fit f llccrH nnd directors Mr arable was enabled to go forth with the following formidable lint ot companies who vouthod for the tire Pects of the mIn imar pchpme president Robert n Pnttlson presl dent Security Trust company Philadelphia Phila-delphia Vice President Benjamin 1 Trace exsecr tary United States navv New Yolk Treasurer Thomas p Bradley Philadelphia director Security Se-curity Trust company Secretary O A rietcheri merchant and director Union rut Company Irctor J 1 An drus New York city manufacturer and Investor J r Carter Easton Pa merchant and director of the First National Na-tional bank I John Dawson New Yolk builder nnd contractor Prancls 0 flrable Omaha president state hank Crawford Philip B Hortl Phlla delnhln director Southwaik Nntlornl I bank David Jones Philadelphia i Iron manufacturer W 11 Kellv Philadelphia Phila-delphia Investment llenjamln Hut terworth Washington William Archer Arch-er New York builder anti contractor W K Kut New York Investments J llwo1 Muln New York hanker C sslid lleton M I Phllart > lhla Thomas Bradley none A Fletcher Hon llobert E Paltlson lon Benin lon P Tracey John n Searles New York J Westley Supplee Phlladel phla IluiBCll L Hall New Coleman Connecticut president National bank While arable na out Belling stock I work was being pushed on the Block llllla claims and everthing I mm d to 11 be I booming nnd ns u further Induce hlllnr raV anent to get people to put their money Into Ihe stock the following letter was given out New Yory Tin Il I 1D1To tho stock hnld I rs and doird of directors f the Idgemont und Union Illll hmHtlng COA Oenllem n Ths IB I to certify that I have entered Into an ngrcemint with Mr r C nrnblo for the erection at Edge mont 1 D of a smUll fully equipped with modern appliances that same to be erected eomplet and readt for operation within four months from this dale payment for nine having been fully provided for without furthei charge against your company Your Only John 13 Scarles Mr Snrlca position i as the executive ha or the sugar trust added great eight tn the standing ot he compan Hjwns nt this time that the tcrn I milt i citizens who had lent their names so freel to float the cntcrprlso began to realize t the position In which they would tie placed I the event of its collapse At n mectlnr I ot the Plillad I jn bin I cnpi tullttB who like I I Cashier QJinl in rib ri-b < n 11 Into n bad thing It oas tie cldeel to take heroic measures arable was tinned out of the man JaTr nnalej ment of the Ian The slle of stork toom topped mi far as the rhllndclphl people could prevent I All executive eommIU of file lemhets was chosen tl look after the affairs W W Kurt was del a ed as secretary To prewnt the appointment of n receiver and the wiping out of the Intrant ot the thousand and or more stockholders twat dtter mined to float a loud I none for roouo and the proiKisltlon wns liroucht hfre the annual meeting of the etockhold In Jersey City January I2th hull to ste rS list Snturdn only SlfOOOO hid been BUbscrlbed but It Is I believed that the bond siibscrlillon will I be successful nnd the piopert saved to the stockholders stock-holders In which cnilo connldcrablf money will be expended In further de veto Potent work The new peopl In control of the company It Is I said will take legal steps to compel Mr Searle to build a smelter Thus In the end there may be SOl retur4sIt Ian I nhi that Orhle has not h I n able to sell ll ur ho 1S00000 stock and that n itlderabie part ot It Is I pledged for loan ftAiiLn rxpnnssns HIMSELF St Louis Fell 3Mr Francis arable Lul which Mr Wm Quintan jr ishlcr of the Chemical National Bank New York loaned J300 000 of the bank B money In consequence ot whlch Mr Qulnlan saw tit to resign his position as cashier Is I In this city Ir arable and her mother arc oc CUP Ing n magnilcent ule 01 room nt the Planters 10tl The Party nr rlveed here Tuesday Teh 1 and have been quietly attending to their own affairs and Inaccessible to the reporters of the local press The UrtbUs are ng let ered from New York city und Mrs Latlmer from New Orleans The length ot their stay here Is Indefinite 01 Mr arable furthers the following statement to the Associated Pi ess this afternoon I have just read with the deepest train and regret of tho resignation of Mr Vita J tlulnlan Jr cafhler of the Chemical Notional Dink of New York He has been my friend for twenty years I have been a depositor at the Chemical Bank lo more than six Years past and my Intimate burners rela ton LlIth him during this period have awnB ben of th mt Pleasant chaactr It oeemsmneesary for mo to say to any Call familiar with Mr Qulnlans sterling Integrity that he has never profited one tentHomJnny of my business transactions with him > One year ago my obligations to the bank were 11 SO000 and six months ago 180000 ilailarThe pire0 1 had paid up ever dollar The pres ent Indebtedness has been Incurred sine that little I never knew nor have I ever hard of the Mr Silvers mentioned In the dispatches as being n debtor of the bonk nor Is I he now nor has he ever been connected with any of my interest inter-est In any way Mr WIlllamB president of the Chemical Bank has been a stockholder tor oeveral years In one of tile town Bite companies I organized and has expressed his complete satisfaction with his Investment The work I have been doing Is I that of opening up a new country stretching for EOO miles along the Burlington Bur-lington line berlnnlng at Alliance Neb and ending at Billings Mont and Including the ranch line of 100 miles through lllack Hills to Deadwood Dead-wood Only those who hive had experience exper-ience In building up towns and villages vil-lages 1 have tiny Iden or the enormous cost There are fortytwo towns In our territory I have built about 500 miles of canals and laterals for Irrigation Irriga-tion and power purposes 01 a large number of storage reservoirs tributary to these towns and have thereby opened up thousands ar acres for ettmant and establishment uf farming comment ties of many homes I have followed the same plan on which areely Colo was built up where farm land IB worth S to 1200 per acre From the day the Union 11 Company and the Edge mont and Union 11 Smelting cam pardef mere organlad work ties never refused These all as tied opnpant own In all ever 200 mlnm near Deadwood and the 10mtnk a omlter and tamp mill Completed and another tnm and smelter In at tainil mi nnd emlr prce If construction Thousands of feet of de vlolmnt work ham ben don on these Properties at the eut 01 hundreds ot thousands of dollars I do believe the mines when fully develop l and worked will prove one of the rRhast pa J Ing piopertles In the United false Nearly every stockholder In each of the companies hoc been out to seethe he properties either hetOo or after In vesting and there has never been a doubt expiessed I us to the value ot the property but on the contrary in the many personal letters to me and letters let-ters to home newspapers they have xpreesed their I complete Isfacllon Many ot our stockholders made several trips during tho progiess of the work UI to the Present time land I contnued to express themselves its vatimiled At lent six among tile bt mining experts of tile United States he mode favorable favor-able reports In all of the foregoing work I have given every moment 01 my time for seven Years 1 believe I have averaged 18 hour a day and luring all there years I have not had a tingle days vacation I has been my constant and earnest endeavor to brInK each 01 tbome enter Priors to the hipheat point of profit to all the stockholders Iery dollar of my money Is I invented In this work and tho money of those associated with me nnd I have felt It vas based on good properties that would h ever Increasing In value If tile years of devotion de-votion I have glen to this work are not crowned with nuccenv I hal ba completely worn out and broken In health and lose every dollar I have in the world Signed ritANOIB C OnATlLE APPEAL TO THE COURTS Omahn Neb Feb 3Rult were Ptartctl this morning Land attachments Issued against the property of Prank f1 arable The house and stable with their furnishings and equipment are listed at 130000 Marquis L Iarrote of Omaha Oratitiaa resilient agent miles for 16000 Francis C linmes of Kearney nn attorney sues for 170 and GoOe I Scripps Pace for 100 o a note tile early mall brought distills tram Nw York transferring some of nrble local Scott lo-cal property City Kansas to J 1 C Walker of |
