Rensselaer Republican, Volume 17, Number 4, Rensselaer, Jasper County, 2 October 1884 — ANOTHER LIE NAILED. [ARTICLE]

ANOTHER LIE NAILED.

Mr. Blalift Has No Connection with the Hocking Valley Syndicate. [Cleveland (O.) special.J A few days ago dispatches, based upon a Columbus communication to an evening paper here, were sent over the country detailing the alleged connection of Mr. Blaine with the coal syndicate now at war with the miners of the Hocking Valley. Judge S. Burke, Vice-Presi-dent of the Bee Line and Columbus and Hocking Valley Railways, and a large owner of mining property in the valley, said to-day: "As to Blaine's connection with tfce Hocking syndicate he doesn’t own a dollar in it. I’ll tell you how the Blaine story originated. Tho Standard Coal and Iron Company was organized by a man named Lee, of Newark, not Norwalk, as has been published. Iftiad a capital of $75,000, which was subsequently reduced to $25,000. It issued bonds o i some coal lands on which there were already liens, and the syndicate borrowed some money of Mr. Blaine, giving as security some of these bonds. The company went to pieces more than two years ago, blew its iron turnaces out, closed its coal mines, and ceased business. It ha§ not skipped a pound ot coal in two years. Recently an effort to reorganize it was made, and I believe thiy have tried to start up acain, but men holding the class of securities which Mr. Blaine had were left out entirely, and Blaine lost every dollar he loaned on the bonds. Gov. Foster is similarly situated and owns no interest in tho syndicate.”