Evening journal., 1905-04-01
FRANCIS WAS
HELD FOR TRIAL
Bail for Promoteg of Storey
Cotton Co. Fixed at
$4,000
EMPLOYEES TESTIFY AGAINST HIM

Philadelphia, April lon the testi-
mony Of two former employees of the
dciunct Storey Cotton company. STAN
ley Francis, accused of being one OF
.he promoters and dsectors of the con-
eorn, was remanded for trial by United
States Commissioner Craig. with bail
fixed at $4,000. The original charge
against Francis was using the mails
for fraudulent purposes, and he was
arrested at the instigation of the pos
tai authorities. The two important wit
nesses against the accused we've
Miss Margaret Hope. a stenographer
and Miss Gertrude Sundheim, a book
keeper. who gave testimony which
Commissioner Craig said was sufficient
to convince him that the defendant
was party to a conspiracy to defraud.
James r. Clark, an expert account
ant employed by counsel for Senator
Bradley. of Camden, receiver of the
Storey Cotton company. also testified
concerning his examination of the
companys books He based his testi-
mony on his examination of the cash
book. which he said contained an en-
try of 5000. 30l as receipts from cotton
investments, which was the only indi-
cation in the book OF any investments
by the company. A statement of the
concerns business. showing assets Of
100000, was produced by United States
District Attorney Thompson and, af-
| ter examining it, the witness said there
was nothing on the cash book to show
such assets. The book did show. how
ever. that the company had lost ST.
17S417. but there was no indication
that this sum was lost in cotton trans
actions
Miss Hope said she had known Fran
els since 1902. and she had always be-
lieved him to be the advertising man
ager of the Storey Cotton company.
She knew that he carried a key to the
room in which the directors of the
company held their meetings. and she
/ testified further that he attended many
of the meetings OF the board. Others
who attended the meetings she said
were Messrs. Storey. Quinlan and Har-
per. The latter is Frank C. Marin, also
/ known as Judge" Franklin Stone
Miss Hope said that Francis was pres
ent when the company declared its
dividends. although she was not sure
he attended the meetings al which the
! dividends we're declared. The witness
said Francis wrote many of the cir
| culars that were sent out by the COM
pany. and that he gave the manuscript
70 her 10 be transcribed on the type
writer She told Of one occasion wher
! Francis dictated TO her a letter to Pro
/ fessor Langdon Thompson. president
Of the New Jersey Teachers Associa
tion. in answer 20 a letter from Thomp
son 20 Francis
Miss Sundheim in her testimony sait
that she had been instructed by Fran
els 10 change her method of calcula
ton 10 had been customary. she said
when 500 earned $3.50 or over tC
credit 90 as a profit Of s.. but Francis
told her 10 change the calculations 50
that when 800 failed 10 earn s. {,
throw it-back 10 the principal account
She said that Francis had given hei
various instructions. and on beinl
asked whether he had given instruc
tions TO any other employees. she said.
yes. have seen him giving instruc
tons to Miss Collins and others"
Miss Colliss IS Sophie Beck. fol
whom the authorities are searching.
Several additional witnesses werl
called. who testified that they had los
money entrusted with the company 70
investment.