The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1898-08-02
HOOLEY'S REVELATIONS
Have Thrown Into a Panic Millions
Of Englishmen.
AN EXODUS OF ARIsT0ORATs

| Is Expected as n Result of the Expose,
and Crop of Investigations Is sure
to Result-How "Noblemen" Aided
| I'm Bleeding Investors.
London, Aug. 2.-Mr. Hooley's revela-
tions of the rottenness of London finan-
| clering have thrown into a panic mil
/ lions of Engllshmen who have invested
their savings In the stock Of companies.
/ 1t was matter of common notOriety
that the small promoting journalistic
parasites fattened on company opera
tions, but the gigantic fabric of brib-
cry and Matchmaking, by which boards
of directors are organized of purchased
| names and backed by a subsidized
I press-some lords even being paid to
! quit the companies when no longer
needed-was unsupported.
| The only question asked Is, who will
| be the next, and the denlals, some
| merely technical, are received with
| cynical skepticlsm. An exodus of
aristoCrats on foreign tours Is expected,
/ and a crop of Investigations Is sure
to result. Proposals of legislation to
regulate and purify companies are al
ready brOached. In the meantime the
| promoting Napoleon, turned informer,
| mounts the pedestal as a popular hero.
People are forgetting his share of
| the responsibility for the system he
exposes, the crowd in court applauding
every time he scores off a nobleman.
| Yesterdays. proceedings were filled
with with dramatic episodes especially
! the revelations of attempts to bribe
Mr.. Hooley to perjure himself by with
! drawing the statements he made at the
| last examination.
The testimony given yesterday i'm
! plicated many well known Londoners.
whose names would not be recognized
| in America, smrchlng some in the
business world hitherto untarnished by
suspicion. One of the gravest charges
was the story of the dealings with
| Lloyds' bank, where were deposited
| $4,000 shares of the Singer company.
The day Hooley went bankrupt these
shares were transferred. He swore
yesterday afternoon that he never
| transferred them, and that the GER
tificates used were signed in blank for
| another transaction.
| Among his alleged dealings with the
Earl of De La War;, Mr.. Hooley as
serted that the earl tried to sell him
an estate at Halsingden, representing
| that 1t contained 1000 acres. Mr..
Hooley said: 81 promised to take 1t,
| but when I sent my agent to see the
| property he found there were only
| 100 acres. had to pay De La War;
| 10000 shares of the Trent Cycle COM
| pany to get him to let me off the bar
! gain"
When replying to an interruption, he
| denounced the speaker, eXclaiming
! Dean, Harrison Davis and Beall are
three of the greatest blackmailers in
| London" He was tremendously ap
| plauded for this retort.
| At another point Of his testimony Mr..
| Hooley said he promised Lord March
| 81,00O and 91,0OO yearly for joining
| the Schweppes' board, that he paid Mr..
| Adolphus Drucker the Conservative
member of parliament for NOrthamp-
ton, G2,500 and Sir Blundel Maple G1,-
| 500, by repurchasing their shares at
| enhanced prices.
| The witness afterward said he paid
| Lord Walter Lennox for introducing
| Lord March and Lord Templeton, and
| promised him 9500 and $500 yearly
| for serving on the board of directors,
who, however, refused to sanction it,
so he paid Lord Templeton e700 for
| withdrawing.
lnCldenJdlly MT. hOOley mentioned
having purchased the Prince of Wales
racing cutter Britannia for Mr.. Law
! son JohnstOne, and said he had to keep
the yacht because she had not met his
! expectations.
Counsel for Lords De La War; and
| Albemarle denied the imputatlOns made
| against their clients. The legal repre-
| sentative of Lord Albemarle also said
| that his client without admitting that
| the $4,000 was received for a corrupt
consideration was willing to return
the money to whoever was entitled to
receive ii.
When Lord De La Wars counsel
had finished his denial Mr. Hooley
| shouted: Then l Will show you what
have in my pocket-a telegram from
Lord De La War; and the draft of a
document setting forth what l was to
say today"
Mr.. Hooley hourished some papers
| towards Lord De La War;, who was
present, and an exciting scene was
ended abruptly by the adjournment Of
| the court.