It was now some time after 1 o’clock. We
were all waiting there when President Francis came
in and announced that they were going to lunch, and
for us to come back later on. We all left the
room and I with several other gentlemen went to get
a little lunch. We were back in the anteroom of
Mr. Taylor’s office by 2.30 p. in. We waited
there until 4 o’clock when Mr. Taylor’s
secretary came into the room and requested all the
bidders to go into the room where the salvage committee
was in session. The committee met in Mr. Taylor’s
office. President Francis, Mr. Taylor, Samuel
Kennard, Mr. Holmes, and some other gentleman, I can
not call his name now. President Francis arose
and said: “Gentlemen, the bids are all there
on the table and we will open them shortly.”
He asked how we wished the bids handled—that
is, whether we wanted them opened in our presence or
in a secret session of the Committee. Mr. H.S.
Albrecht, of St. Louis, immediately arose and stated
that he wanted the bids opened in the presence of
the bidders present, as he wanted everything to be
open and above board. All the other bidders present
requested that the bids be opened in their presence,
except Mr. Abraham Harris, president of the Chicago
House Wrecking Company, who arose and offered an objection
to the bids being opened in public, and stated that
he did not want his bid to be opened in public, but
wanted it opened in private, for the reason that he
did not want everybody to know what his bid was; that
if he was the successful bidder his bid would be published
and everybody would know what it was, but if he was
not the successful bidder he did not want it known
what amount he bid. President Francis held a whispered
conversation with several members of the committee
and then turned to the bidders and said: “Gentlemen,
we have decided to open the bids in secret session.”
He thus favored Mr. Harris and ignored the demand of
the other bidders. Mr. Albrecht again demanded
that the bids be opened in our presence. We were
then told to repair to the anteroom and wait until
called for. While we were waiting in the anteroom
Mr. Taylor’s secretary called Mr. Abe Harris
into the committee room, where the salvage committee
was opening the bids. He remained in there some
little time. As soon as Mr. Harris came out Mr.
H.S. Albrecht was called in. He told me
when he came out that he had entered a vigorous protest
as to the way the bids were being handled, and that
he as a stockholder and a bidder had again demanded
that the bids be opened in the presence of the bidders.
Mr. Schmitt and myself were next called into the room
where the salvage committee was in session. Mr.
Taylor asked me if I knew a Mr. Schluetter, of Chicago.
I told him that I was well acquainted with the gentleman,
that I had done considerable work for him in Chicago,
and that he had always paid me for it. When I
made this remark President Francis looked at Mr. Taylor
and laughed in rather a sneering way. I presumed