Evening journal., 1905-03-28
TESTIMONY HEARD IN
OiSBARMENT CASE
tcontlnued from FIRST Page.)

such original investments az the time
when they were sold by Mr.. Hoffecker.
and TO re-invest the same according
to the terms Of the VIII He maintains
that his testimony In this respect is
Iunimpeached. positive and direct II
also is set forth that Examiner Cooper
was not justified IN alleging that Mr..
Hoffecker's investments were improper
and that he was not justified In making
them. Mr. Hoffecker recites some OF
his investments for the Teas estate at
length. He alleges that Master Coop
er erred in not allowing him $1,000 on
the Platt mortgage. and for losses in
CURED In the Hockessin Kaolin works
Investment.
Mr.. Hoffecker then explains many OF
his financial transactions and invest
ments as trustee in detail, and sets
forth that they were either made by
and with the concurrence Of a majority
OF Mr.. Teas daughters as provided for
| In Mr.. Teas will; or were made in
good faith. and In the exercise OF Mr.
lHoffecker's best judgment for the BEN
lefit of the Teas estate and not for his
personal benefit. In the instance OF the
Hoclxessin Kaolin Works and the Ce-
dartown Company, a Southern invest
lment MT Hoffecker cites that he also
Invested his own personal money. so
lstrong was his judgment and belief in
their soundness. The history Of the
HocSessin Kaolin venture is set forth
at length. and its failure is explained.
Mr.. Hoffecker says: This respond
ent further says that during the long
lperiod Of years during which he has
lbeen trustee Of said estate he has as
best he might or could exercised an
honest and conscientious care and con-
sideration over the affairs, moneys and
matters entrusted to him in said es-
tate. That at great personal inconven-
lience and financial loss to himself he
has attempted at all times to preserve
the principal OF the said estate intact
and save Il from any losses whatsoever
and when the losses have been incurred
las aforesaid the said respondent has
exercised his best efforts conscien-
ltiously and carefully to recuperate and
make good the said losses and the said
respondent has in addition to his care
lover the business interests Of the said
estate at all times looked after the ply
steal comforts. welfare and convenience
lof Sarah Teas. widow OF said tes-
ltator. OF the said Ellen ]. Stotsenbure
and Lena P. West and their respective
families. TO the great neglect OF the re-
lspondent's profession as lawyer, and
to his great inconvenience and fnan-
lcial embarrassment and loss"
After reciting that he has never beer
lpaid nor received his fun amount oi
commissions Mr.. Hoffecker continues:
"And the respondent further says
that in all his actions, transactions
lconduct and judgments concerning th'
laffairs. business and inAarests Of thu
said trust estate, he was wholly fret
from any purpose or desire to defrau'
lor abuse his said Offices. or to receive
from the said ust any other or great
Ter compensation than he was by Law
and under the said win justly entitled
Ito receive and that all Of his actioni
; lin the premises were without any un
lawful or fraudulent purposes or IN
tent. but were always exercised II
good faith.
MI. Hoffecker also sets forth tha
THE strain and worry over the estat
caused him to become seriously III ant
his failure to appear IN chancery wa
not through indifference but becaus
Of his condition.