New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-01-12
YOUNG DEFENDS SELF.
Declares He Did Not attack Baron
Rogniat IN Any Way.
LATTER NOT Ex-CoNvICT, HE SAYS

LATTER NOT EX-CONVICT, HE SAYS.
John W Young the promoter Of the United
States shipbuilding Company. who went TO Paris
10 DISPOSE OF bonds Of the company. and Whorn
Baron Rogniat attacked in cable dispatch pub
Mshed here yesterday. answered some questions
at his Office yesterday in regard 10 Rognlat
charges.
MIR Young expects TO be called witness in
the shpbuilding matters. and he declined TO dis
cuss the subject generally, insisting that he should
Ia questioned In the course Of the talk he said
that Baron Rogniat evidently thought he inspired
the statements made in some papers last week
derogatory TO the baron. He had not attacked the
baron in any way, he declared, and in justice 10
the Frenchman said that from what he mad heard
Rogniat should not be charged with being ex,
convict, conviction having been reversed on ac-
count of a mistake the French courts made in con-
fCsing him with a relative.
HAD Rognat satisfied you to the financial
responsibility of the underwriters" he was asked
why it wasn't my business TO be satisfied OF
that. When l had passed over the contracts ii was
the business OF the trust company which issued
the securities TO satisfy themselves to the va
mdity OF the underwriting. plenty OF time for
which was given"
did you satisfy yourself to Rogniat's per-
soral validity? Did you at any time investigate
Rogniat's personal respecta5ity?'
THE fact that he associated with Mr.
Schreyer and others whom 1 met in his company
seemed sufficient guarantee as his entire respec-
liability 1 did just any man would do here in
New-York. You wouldn't make inquiries about
the responsibility of a you should meet
stantly in the company Of respectable bankers in
New-York, would you?"
rs il true that Baron Rogniat obtained some Of
the interim certificates account Of commission?
Eyes, under certain pledges Of his ] did advance
him q certain amount of interim certificates
Among the number were some for which he paid
cash on account of expenses which under his con-
tract he should have furnished"
Baron ROgniat that you deceived him
TO the affairs Of the Shipbuding company What
was the Information that you gave him.
The preliminary prospectus under which all the
underwriting was obtained dated April l9 That's
all the information l ever gave him. And that
prospectus was correct according TO the account
ants reports file
He says that you bought the Bethlehem plant
on disadVantageOus terms"
He did not know the terms of the Bethlehem
purchase"
Baron Rogniat says that Bethlehem was in
bad financial condition"
Il say in TO that that the Bethlehem
according 10 al reports. was. and still is, in q
''Dai the French underwriters know that the
Bethlehem plant 10 be taken in"
Yes, and their full consent obtained by
cable before IL was agreed take in Bethlehem %
"Rogniat charges that YOU moved about from
hotel hotel in Paris without paying Your bills
and that he had TO do q lot OF settling for YOU"
i did not except s ] wished o do and
ROgniat did not furnish any money for my personal
expenses. The money he advanced upon the
cepteo draft Of d. lie Roy Dresser. He did not
advance any money TO me on promissory note
does not hold any note OF mine. and got any
checks al al from me. He advanced money
for any kind OF expenses except those spoke about
IN connection with the interim certificates"
who sent 10 Paris that celebrated cable de-
scr1bing the bond issue as success?'
Mr.: Dresser. II was signed Republicans"
Did you advise him TO send itl"