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The System

Note 305 — Chapter XX · The Ford Trials and Acquittals.

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It was shown at the Ford trial that about $175,000 in addition to the unaccounted-for $200,000 was received by the United Railroads through the United States mint. Every dollar of this $175,000 except $3,000 loaned to Ruef by Mullally, was taken out by the treasurer of the company, and carried to the United Railroads’ office and there put in its safe and used as needed, that it was taken in gold and was paid out to its employees in gold. It was further shown that not one dollar of currency was ever put in any of the safes at the United Railroads’ office by any person during that period of time covered by Ford’s withdrawal of money from the mint, and that no currency was deposited to the credit of the company in any of its bank accounts nor to the credit of Ford or Mullally or Abbott, and that no currency was turned over to the treasurer of the company during that time. Thus by a process of exclusion this $200,000 was left in the hands of Ford absolutely unaccounted for upon any theory consistent with an honest use of it. Add these facts to the further facts that Ruef was traced to Ford’s office on two of the days on which Ford got the money, and that Ruef on each occasion, within a day or two, paid the same kind of money to Gallagher, that currency was not generally in circulation at all in San Francisco.

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