New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-12-10
CALLED A FALSEH00D.
Continued from first pnge.

N~H'N'~NN 1850
ten opinion from Alexander & Green covering
that point.
it was marked in evidence. 1t an opinion
to the legal organization of the shpbudng
company.
Q-when was the letter from Morgan. Harjes &
Co delivered to you? Al have no personal
weeks ago. 1t was given to Mr.. Steele.
Q-When you sent the cable in July what In
p TSTIg@'lG a- 3aq yi ttle ao0u' 'e
QVBgt you were to receive 10000 9L PTeneTe9
Now. what information had you as to the value OF
this stock which you wers taking in part payment
AEWeii we received the exact amount in cash
we were not interested in the details OF tie SNIP
Q.~Had you any information whatever about the
Shipbuilding plants or their values or their earn
Mr.. Steele about that.
HAD NO KNOWLEDGE OF ITS VALUE
$50 far as you are personally concerned, then.
on July 30, 1902, when you sent the caole to Nor
ever regarding the values earnings Of the ship
building plants? A-No, sir; had none; one orr Aid
investigate those matters? A.-No. sir; did not
August II, iS6@? Al met him about the time Of
the August II meeting believe he was introduced
Q.Did you understand that Nj Pam TepresiG,9ted
T IN the t qea In t comnahv
No | supposed he represented ,.e Shipbuding end
of it. He came with Mr. Dresser and Mr.. Nixon.
Q.-On August H. when Nixon, Dresser and Pam
called, didn't you and Mr.. Pam have private talk?
any reason i Why WY we Should have done so What:
ever l told Mr.. Pam was said in the presence OF
Did Mr. Dresser make the application for the
loan as Of Fb % as knew OF he en was
terested in the Shipbuilding company but the loan
QYoa knew that the Trust Contrary of the Re-
public was a new company! Al dlo. ,
Conln borrow z
Q.NYou have heard Of the agreement with Har-
ris. Gates & Co, have you not? Al have never
o-That contract is dated August II 1t provides
that Mr. Schwab's shipbuilding stock and that held
Stock Is soG Did YOU DO know St Of that contract?
Mr.. Steele told me of a contract that had been
GLAD You Consulted any one about such an
agreement? A.-No one but Mr.. Steele. He men
Q.-You made no arrangement with any one for
such an agreement? A.-No. sir
Mr.. Untermyer let Mr.. Perkins go after getting
from him statement that he never knew when
the loans mazda to Dresser and Nixon by the
trust companies had been taken up. Mr. Per-
kins said he did not know that the Sheldon
Syndicate was formed to take up the loans.
Mr.. Guthrie's cross-examination was brief. and
TO him MT. Perkins said 1t might not be incor-
rect to say that the Sheldon Syndicate
formed to avert the failure Of the Trust Com
pany of the Republic
Mr.. Guthrie said that MT. Pam, VINO was at
the hearing with Charles NJ. Schwab. had i'm
portant business in Chicago and would like to
he examined yesterday have his testimony
delayed for three weeks, MIR. Untermyer said
he would agree to the delay If Mr.. Schwab
could be present earlier, and then the hearing
was adjourned to a week from to-day.
Mr.. Schwab listened to the testimony with at
tention yesterday. but he said he could not
understand why he kept waiting so long.
When asked if he expected to be a witness
soon he said: az don't know. I'm here just for
fun" Mr. Untermyer apparently did not wish
TO be understood as limiting by his remark about
Mr.. Schwab that he would be called next, as he
said there were several other witnesses 10 be
heard next week.