The Providence news. (Providence [R.I.]) 1891-1906, 1905-10-19
CIV, H0ADLEY
TOLD ABOUT
The OTHER

New York. oct. 19.-George W. Hosd-
ley. brother % J. H.. was the only wit
ness examined Yesterday at the trial be-
fore Supreme Court Justice Amend and
a jury Of the suit OF Franklin Scott q
Co. brokers. 20 recover $s5. 500 from Jo-
seph Letter. J. H.. Hoadley and Cyrus Field
Judson. who. the plaintiffs. say. were en-
gagged In a pool in Internatlonal Power
stock, the collapse OF which on April 80,
1902. left Judson Indebted TO the brokers
TO the amount sued for. Hoadley n
Letter deny that any such pool existed at
the date named. and say that Judson
contracted the debt on his own respon-
sibility.
G. W. gave tho Hoadley version OF
the dealings between J. n and Judson
and told how the latter had confessed 10
misappropriating over 81, 900. 900 in stock
and cash that Hoadley had advanced
him.
G.. W. also related how, after tho con-
~fession. Judson authorized him to take
possession I'm j. HIS behalf OF all the
stocks and cash Judson had on hand.
Juror No. q was remarkably quiet all
day. venturing only three or four aues-
lions. but all OF them very much TO the
point and rather disconcerting 10 tho wit
ness. He is understood 10 have reached
the conclusion that the trial has been
unnecessarily prolonged. 10 the waste Of
public time and money.
Used Up COLLATERAL.
G W produced in court a number OF
] HIS books, from which he read en-
IL - ~
son large blocks OF Power stock I'm the.
spring OF 1902 for trading purposes. This
went on almost down 10 the day OF the
slump. Judson saw both the Hoadleys on
April % and explained that he was deep
in the hole and needed money. BY his
statements. the witness said. Judson
should ave been away ahead Of the
game. 90 this news was rather a shock.
The next day G.. W went TO Judson's
office and stayed there some time. as
Power had broken and, knowing Judson's
difficulties. he was anxious TO see the
outcome. Before he left he knew that
Judson was ruined. Judson came in very
nervous and upset" lie had been on a
spree. Hoadley testified. and went 10 the
Turkish bath in the afternoon.
WAS he sober asked No. 2. There
has been some testimony that -Judson
was drunk on this and following days"
He was very nervous. but quite sober"
answered Hoadley. II made an appoint
ment 10 meet him the next morning at my
brothers apartment In the Chelsea and I
got there first. about 2. J. II was not
Up yet and Judson came In shortly after,
/ spoke TO him then about going down
TO the banks 10 see about raising money.
Its no use going down, George he
answered. I've used up all the collateral
why. what do you mean, Cyrus l
said In establishment.
81 mean just What ] said. he replied.
I've used IL all up and there's nothing
left
II felt astounded and very angry and
spoke so loudly that J. II heard me and
came in In his bath robe. What's all this
row about he asked.
" Only 1 said. that Cyrus here says
that he's stolen every cent OF your col
lateral
" What's that? is this true?' he said.
turning 10 Judson. And then Cyrus. who
looked as miserable rs could be. just
sunk down into a chair and confessed
that IL was. and that he had stolen all.
collateral worth over s4o0, 600 and about
$500. 900 cash.