The Bailey Controversy in Texas, Vol. 2 of 2
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Produktbeschreibung
Excerpt from The Bailey Controversy in Texas, Vol. 2 of 2: With Lessons From the Political Life-Story of a Fallen Idol, in Two Volumes The Witness J. D. Johnson (pp. 117-120) continuing: Q. Do you know from Mr. Pierce of any other loans he made Senator Bailey? A. Yes, I know something of the loan for $156,000, that he made him or procured for him. I know the nature and purpose of that transaction; it had to do with the Southwestern Oil Company at Houston. I know something in a general way about it as an independent Oil Company being run here in Texas. I would rather not answer your question with reference to the $156,000, being used to purchase the outstanding obligations of the Southwestern Oil Company; this on Mr. Pierce´s account. He was interested in that transaction, and it comes to me professionally. Not that there was anything wrong or discreditable about it to either Mr. Pierce or Mr. Bailey, or anything irregular - nothing in the slightest - but it involves matters of confidence that I have no right to divulge, coming to me professionally. Bailey Represents Pierce. I know that Mr. Bailey represented Mr. Pierce in connection with that matter, and it had something to do with that. No, I do not know what was done with securities that were bought up with that $156,000 loan or obligation. I was very glad to get that off my mind, and I paid no attention to it after the arrangement was made with Mr. Bailey. Yes, I know after Mr. Bailey secured the loan that a suit was instituted at Houston to foreclose on the obligation. Mr. Bailey did not appear as the attorney for Mr. Pierce. I do not think Mr. Pierce was a party to the proceeding at all; did not appear in it. [The whole scheme of eliminating the Southwestern Oil Company as a competitor of the Waters-Pierce Oil Company, was conducted in Bailey´s name.] I think I saw a copy of the Decree in the case. I think it was in Mr. Bailey´s name. I know from Mr. Pierce that there was a settlement that was entirely satisfactory between him and Mr. Bailey, as a result of that deal. I think the Southwestern Oil Company finally passed into the hands of St. Louis parties - a syndicate connected with the St. Louis Union Trust Company. Senator Bailey had never had anything to do with the Southwestern Oil Company prior to the $156,000 loan, that I know of. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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