The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-08-02
Money offered by Lord De La Warr
and others, but Scorned by the
Man They Had Ruined.
An EXODUS OF ARlST0CRATS
EXPECTED AS A RESULT OF THE
UNsAVORY REVELATIONS.
List of Titled Men and Others Who
BIed the Promoter Growing as the
Court Investigation Proceeds.

LONDON, Aug. 1.-The examination OF
Ernest Terah Hooley the bankrupt com
pany promoter, was resumed here to-day
A number of lawyers were present in behalf
of the distinguished clients, who denied Mr..
Hooley's charges in connection with the
payment of large sums Of money for the
use of their names or for introductions to
people of prominence Mr. Hooley, on ex-
animation, insisted with few exceptions. on
the truth of the statements he had made.
He said with regard to the Earl of win
chelsea that the latter himself suggested
he ought to be given $4,000 for joining
the directorate of the Cycle Tube Company.
The earl, witness added, said he could not
take the money personally, but remarked
that it would be given TO his brother. Mr..
Fftch-Hatten. Continuing Mr.. Hooley as
serted that the Earl of Winchelsea also re-
ceived $4,000 for joining the directorate OF
a horseless carriage company As to the
Earl OF Albemarle, Mr.. Hooley said his
silly disclaimerg did not need any expIana-
tion Mr.. Hooley testified that Earl De la
War; offered him 1000 to say that f2.5O0
paid him by the witness was a gift made
after the fotation OF the company in which
the earl figured. Mr.. Hooley further tes-
titled that certain directors OF the Humber
Company offered him e1,000 and $4,000 to
commit perjury and say that the G5O.Oo0
which he had paid them was profit from
other basiness.
Mr.. Hooley said that while out driving
yesterday little man in a hanson cab
stopped him and said: ''There are a thou
sand sovereigns in the hanson for you.''
Mr.. Hooley said he replied What have I
to do for that?" Thereupon the little man is
alleged to have answered: IF you will say
the money you gave Lord AlbeniarIe was a
present, made after the company was
f1oated 1 am to leave you tile sovereigns
and take your word of honor" Mr. Hooley
said he replied: II told him I would punch
his head if he did not go away Mr. Hooley
then told of the payments which he claims
to have made to the financial editors Of the
Pail Mall Gazette and the Westminster Ga
zette. alleging that he paid the former In
order to keep him quiet"
At another point of his testimony Mr.
Hooley said he promised Lord Marca E1000
and 91, 200 yearly for. joining the Schweppes
Board, that he paid Mr.. Adolphus Drucker,
the Conservative member of Parliament for
Northampton, e2,500 and Sir Blundel Maple
91,SOO by repurchaslng their shares at en-
hanced prices The witness afterward said
he paid Lord Walter Lennox for introduce
ing Lord March and Lord Templeton ana
promised him a5O0 and 95O0 yearly for serv-
ing on the board Of directors, who, how
ever, refused to sanction 1t; so he paid
Lord Templeton e7OO for withdrawing. In
cidentally Mr. Hooley mentioned having
purchased the Prince of Wales's racing cut
ter Britannia for Mr. Lawson tombstone.
and said he had to keep the yacht because
she had not met his expectations.
Counsel for Lords De la War; and AIbe-
marie denied the imputations made against
their clients The legal representative OF
Lord Albemarle also said that his client.
without admitting that the 10000 was re-
ceived for corrupt consideration, was will
ing to return the money to whoever ia
entitled to receive it,
When lord De la Warr's counsel had fan.
ished his denial Mr. Hooley shouted: Then
will show you what / have in my pockets
"a telegram from Lord De la War; and the
draft of document setting forth what
was to say to-day" Mr.. Hooley fiourished
some papers toward Lord De la War; who
was present, and exciting scene was
ended abruptly by the adjournment OF the
court
Mr. Hooley's revelations of the rottenness
of London financiering have thrown into a
panic millions of Englishmen who have in
vested their savings in the stock of COM
panies. 1t was matter of common notorI-
ETY. that the small promoting journalistic
parasites fattened on company operations
but the gigantic fabric of bribery and
blackmailing by which boards of directors
are organized of purchased names and
backed by a subsidized press-some lords
even being paid to quit the companies when
no longer needed-was unsuspected The
only question asked is, who will be the
next? and the chorus of denials some mere
ly technical, is received with cynical skep-
ticism.
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 already
broached. In the meantime the promoting
Napoleon, turned informer, mounts the ped
estal as a popular hero. People are for
getting his share OF the responsibility OF
the system he exposes, and the crowd in
court applauds every time he scores of a
nobleman. To-day's proceedings were filed
with dramatic episodes. especially the reve-
latons of attempts to bribe Mr. Hooley to
perjure himself by Withdrawing the state
ments he made at the last examination
These efforts drew from the registrar the
remark, 1T is most scandalous thing"
The testimony given to-day implicated
many well-known Londoners, whose names
would not be recognized in America smirch-
ing some in the business world hitherto un-
tarnished by suspicion. One OF the gravest
charges was the story OF the dealings with
Lloyd's Bank. where were deposited e6O0
shares of the Singer Company The day
Hooley went bankrupt these shares were
transferred. He swofe this afternoon that