The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-08-02

London, Aug. 1.-The examination Of
Ernest Terah HOoley. the bank
rupt company promoter was resumed
here today. A number of lawyers were
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 said,
in regard to the Earl of Winchelsea.
that the latter himself suggested he
ought to be given 10000 for joining
the directorate of the cycle tube
company. The earl, witness adds, said
he could not take the money person.
ally, but remarked that it would be
given to his brother Mr.. Fitch-Hatten.
Continuing, Mr.. Hooley asserted that
the Earl of Winchelsea also received
e.. 900 for joining the directorate of a
horSeleSs carriage company.
AS to the Earl of Albemarle, Mr..
Hooley said that his SILLY disclaimer
did not need any explanation. Mr..
Hooley testified that Earl de la War;
offered him Ell 900 to say that the &25,-
900 paid him by the witness was a gift,
made after the hotation- of the COM
pany in which the earl figured.
Mr.. Hooley further testified that Ger
tain directors of the Humber company
offered him e1,OO0 and $4,000 TO COM
nit perjury and say that the e50,OOO
which he had paid them was profit
from other business.
Mr.. Hooley said that while out driv-
ing yesterday little man in han
som cab stopped him and said:
There are a thousand sovereigns in
the hanson for you.
Mr.. Hooley said he replied: What
have / to do for that?"
Thereupon the little man is alleged
to have answered: IF you will say
the money you gave Lord Albemarle
was a present, made after the company
was f1oated, 1 am instructed to leave
you the sOvereignS and take your word
of honor"
Mr.. Hooley replied: Il told him
would punch his head if he did not go
away"
PURCHASED EDITORS.
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 Gazette,
alleging that he paid the former in
order to keep him quiet"
Al another point in his testimony.
Mr.. Hooley said he promised Lord
March e1,000 and $1,000 yearly for
joining the Schweppes board; that he
paid Mr.. Adolphus Drucker, the men,
Der of parliament for Northampton
e., 500 and Sir Blundel Maple e1,S00 by
re-purchasing their shares at enhanced
prices.
The witness afterwards said he paid
Lord Walter LennoX for introducing
Lord March and Lord TempletOn and
promised him $500 and $500 yearly for
serving on the board of directors, who,
however, refused to sanction it, so he
paid Lord Templeton $500 for with
drawing.
Incidentally Mr. Hooley mentioning
having purchased the Prince of Wales
vacing cutter Britannia for Mr.. Lawson
Johnson, and said ne had to keep the
yacht because she had not met his eX-
pectationS.
Counsel for Lords de la War; and
Albemarle denied the imputations made
against their clients. The legal repre-
sentative of Lord Albemarle also said
that his client, without admitting that
$4,000 was received for a corrupt con-
sideration, was willing to return the
money to whoever is entitled to receive
it.
HAD THE DOCUMENTS.
When Lord de la Wars counsel had
finished his denial, Mr.. Hooley shout
ed:
Then I will show you what have in
my pocket, a telegram from Lord de Ia
War; and the draft of a document, set
ting forth what 1 was to say
Mr. Hooley fourished some papers
toward De la War;. who was present,
and an exciting scene was ended aD-
ruptly by the adjournment of the court
INVESTORS IN A PANIC.
Mr.. Hooley's revelations of the rot
tenness of London financiering have
thrown into q panic millions or English
men who have invested their earnings
in the stock companies. 1t was a mat
ter of common notoriety that the small
promoting journalistic parasites fatted
on company operations, but the gigan-
tic fabric of bribery and matchmaking,
by which boards of directors are or
ganized by purchased names and back
ed by a subsidized press, some lordS
being paid. even, to quit the compa-
MES when no longer needed-waS I'M
suspected. The only question asked is,
What next?" and the cheerful denials,
some merely technical, are received
with cynical SkepticiSm. An exodus or
aristocrats on foreign tours is expected,
and a crop of Investigations is sure to
result. Proposals of legislation TO pur1-
fy companies are already preached
In the meantime the promoting Napo
tai 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
off a nobleman. Today's proceedings
were filed with dramatic episodes. eS-
pecially the revelations of attempts TO
bride Mr.. Hooley to perjure himself by
withdrawing the statements he made
at the last examination These efforts
drew from the registrar the remark:
1T is the most scandalOus thing yet"
PROMINENT MEN IMPLICATED.
The testimony given today implicated
many well-known London men, whose
names would not be recognized in
America, smirching some in Vie BUSH
ness world hitherto untarnished by sus-
picion. One of the gravest charges was
the story of the dealings with Lloyd'S
bank, where were deposited Sc shares
of the Singer company The day Hoo