The sun. [volume] (New York [N.Y.]) 1833-1916, 1896-12-08
MILLIONS IN WATER STOCK.
ELIH moor CHARGES PERJURY IN
THE GROW. HOTCHKFSS UET.

nl,I8l, 900 Cnsh Paid by the Aged Widow
or the Millionaire Gunmnker for Water
Works Stock OF Nearly Five Millions
Face vaiue-More Money IL Demanded
motion OF the New York and Westchoster
Water Company, In which Moses X. Crow is the
main factor, to cnjoin the Central Trust Com
pany, Mrs. Maria H. Hotchkiss and Joseph
Richardson from disposing OF about S5,000,o0o
Of water works companies stock, was argued be-
fore Justice Truax OF the Supreme Court yester-
day. Grow, who Is n lawyer, has been organic
ing water works companies. In 1893 he married
q daughter of Jacob DoelRer, the brewer. The
defendant Mrs. Hotchkiss inherited most of
the estate of the millionaire Eunmakerof that
name. Tho defendant Richardson is a wealthy
man, and both Of them were induced to make
large Investments in water works companies
stock controlled and organized by Grow.
Mrs. Hotchkiss has holdings OF 81. 700 in
stock Of the New York and wcstchester Water
Company. Upper New York Water Company,
and tho New York City District Water Supply
Company. for which she paid S1.l6l 900 in
cash. Mr.. Richardson has stock In the first
ewo named companies OF n face value ofS250,o0o.
for which he paid $50. 900. The injunction is
sought to prevent Mrs. Hotchkiss and Mr..
Richardson from disposing of their stock until
they carry out an alleged agreement by which
they were to advance 100000 to Finance
the 0l1Ierent companies. III OppobihN WV ihobiou
in behalf of Mrs. Hotchkiss, Elihu Root said
yesterday:
This case presents an exampl Of the most
extraordinary and reckless false swearing upon
the part OF the complainant that l have ever
witnessed. This lawyer. Crow. got hold OF
81. 16l 900 of good money upon questionable
water works securities that he assured my
client were as good rs Government bonds, anQ
nov he has "a the i'm Ss. from 10 a SH@s ,9'o Of f0 her
purchase upon the vague statement OF an inn
Company. / shall demand that the public
prosecutor take action upon the false oaths
also demand that the complaint. and all OF the
other papers be put on i ri s. Il this tSs iSSrs.
Hotchkiss and Mr.. Richardson had voted them
selves stock beyond what they had paid for, the
other dtrestoIs voting with d tnei me on nrra .ne.f
ment for the advancement of the company.
The alleged agreement was made July q. 1925.
In opposition. Mrs. Hotchkiss states that she
voted az a director of the companies. and that
she got most of her stock before the date OF the
that he was never u party to such an agreement,
and says that part of his stock was given Tor
services as an expert on the water works.
she met Crow in 1890. and that he Immediately
began to solicit her to buy water works stock.
ward Hss p Induced Sy he aeT To seIl railroad SIS;eIYS; bonds d and ario in
works companies. He told her once the reason
,hss STOCKS were 1oo h Sodpd rs ami n ihe Sere held for prii.
vate persons. He had also told her that the Sc:
curlties were as good as Government bonds and
were secured, by different towns and villages,
and they would pay her 10 per cent,
Lawyer Bien said that he had 122 letters from
Mrs. Hotchkiss showing that she had agreed to
"huance" the companies. He got until next
Monday to submit afidavits in reply. Justice
Truax reserved decision.