The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-08-16
NEVER KNEW POWER
WEIDENFELD so TESTIFIES IN
THE NORTHERN sEcURI-
TIES HEARING
HE SAYS HE BOUGHT
STOCK FOR OTHERS

Judge LancaSrerS Position IN the
Matter of the Suitcase Was to Be
Carried to the Supreme Court-Rail-
road News.
NEW YORK, Aug. 15.-The hearing
before Special Examiner Richard A.
Mabie, in the suit of Peter Power
against the Northern Pacific railroad
directors to prevent them from turning
over the stock of the company to the
Northern Securities company was con-
tined today Little attention was paid
to the Power suit, however, the most of
the day being devoted to inquiry into
the means whereby plaintiffs were pro-
vided in the similar actions against
the Great Northern railroad, one of
the constituent companies in the merg-
er, which actions were based on the
holdings of Mrs. Ellsworth Ives Chap
man and Milton F. Bouden.
Milton F. Bouden, managing clerk
for Thomas & Thomas, brokers, was
called by Mr.. Guthrie. He said that
Mr.. Thomas called him into his Office
one day last January and said:
Il have given you 400 shares of Great
Northern Railroad company stock and
suit will be brought in your name"
Value of Stock Is $4,000.
In reply to questions by M. Guthrie,
Mr.. Bouden said the value of the stock
was about $4,000 and that he still held
1T. He had not paid for it. He admit
ted that he was in consultation with
counsel yesterday. Mr.. Thomas, Bourke
Cochran, Parker c. Chandler, Tredwell
Cleveland and Mr.. Weidenfeld were
present. He declined to state what
was said there.
How much stock do you own now?"
asked Mr.. Guthrie.
1.-TWO hundred shares" was the re-
ply.
when did you take possession of
them?"
Today" said the witness.
rs it not a fact that those shares
were given you today that you might
swear that you owned the stock?" con-
tinued Mr.. Guthrie.
L took those shares from the safe
because the subpoena served upon me
called for their production here"
DO you know what perjury is, and
the penalty for perjury is?" pursued
the questioner.
Il do returned Mr.. Bouden.
What became of the other 200
Ehares?"
They were sold. I noticed the stock
was going down and told Mr.. Thomas
l would not be responsible for any loss.
He said he would arrange about that
and later told me that he had sold 200
shares. Mr.. Weidenfeld bought them"
THE money" he said, "was placed to
his account"
Mr.. Bouden admitted some corre-
spondence with Mr.. Lamb on Northern
Pacific affairs and produced a letter
book He said he understood that Mr.
Lamb was his attorney. He had never
met Lamb.
To other questions Mr.. Bouden said
he never saw the complaint filed in the
suit and never authorized the action.
In August, the witness continued,
Mr. Thomas told him he had better
get out of the litigation. He went to
see Mr.. Buckley, one of the Western
to Mr.. Lamb, asking him to withdraw.
E. r. Thomas Testifes.
E. R. Thomas, formerly of the bro
kerage firm of Thomas & Post, but
now senior member of the firm of E.
r. and c. F. Thomas, was the next
witness.
What did Mr.. Weidenfeld say to
by Mr.. Guthrie
He told me suits were being brought
against the constituent companies of
the Northern Pacific merger, and that
Gov. Van SAINT and Judge Lancaster
advised some big Northern holder
should be among the plaintiffs as a
guarantee that the suit was for prin-
ciple, and not as a strike" came the
reply.
What did you say?' was the next
question.
well, told Mr. Weidenfeld that ]
owned 400 shares of the stock, and if
a principle was at stake was willing
to help him. l told him l did not de-
sire my name mixed up in it, and that
l would make over the stock to Bou-
den, in whom 1 had full confidence
The suit was to decide the validity OF
the merger. 1 was interested as a
broker in the question. Many people
seemed to doubt the validity of the
merger, and I, among others, wanted
1t decided"
DO you not consider it an unusual
transaction to make a clerk a gift OF
so large a sum of money that he might
masquerade as PLAINTIFF" asked Mr.
Guthrie.
81 do not. 1t is a common enough
practice in Wall street." said Mr.
Thomas.
Adjourn Until Tuesday.
Edward Main Post, board member
of the dissolved firm of Thomas &
Post, said he first learned of Bouden's
connection with the Northern Pacific
suit when he read it in a newspaper
He spoke to Mr.. Thomas, and at his
request Mr.. Thomas went to J. P
Morgan & Co. and explained that the
transaction was an individual matter
of his own and had nothing to dc
with the firm. He said the 400 shares
of Great Northern stock were never
the property of the firm.
To a question from Mr.. Guthrie the
witness said he had no knowledge thai
the 400 shares in question were lying
In the office safe for some weeks
Il should have been exceedingly dis
pleased had known it," he said ST
would have been very unusual"
By agreement adjournment was TAX.
en- until Tuesday at IL o'clock. Mr.
Lamb said he would produce Peter
Power at that time probably, and b,
the following morning positively, wher
the proceedings for his disbarment art
to be heard by Judge Lacombe.
Herbert Limberger, counsel fol
content q Co., appeared with
records of transactions between
that firm and Camille Weidenfeld. En-
tries as to the purchase of 100 shares
of Northern Pacific stock by Weiden-
field on Dec. 26, 1901, and of payment.
of cash on account of Weidenfeld anC
Capt. Stern were put in evidence. The
account of Ellsworth l. Chapman wa.
asked for, but Limberger declined t.
produce it, on the ground that it wa,
not pertinent.
Mr.. Guthrie pointed out that tn,
Power suit was only one of severa