New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-13
LETTER RAPS JUDS0N.
.Saus Former Associate Sold Stock
BELONGING to HoadLey.

Yo.,, letter Yesterday continued MS 5VoTy OF Ihe
pooI formed to boom International Power IN the
-, - ~ -,,,t ~ Franklin & Scott to get back
ec- son ,rb,cb they said they lost in handling the
puer stock but which Letter says was carried on
the personal account OF Cyrus Field Judson
Mr. Hoadley's bookzeeper. W. r. Sheldon. opened
the case yesterday by testfyins that IN
with an order of the court he had searched Hoad-
lev.s safe deposit vault memorandum OF agree
ment for the pool of 1900, and could not hnd the
paper. This memorandum had been referred 70 oY
Edmund L, Mooney. OF counsel Tor FranAhh q
Scott. as being ''the very bowels Of the case" Mr.
Mooney demanded that Mr.. Hoadlsy produce Gil
naners letters agreements, etc. in his possession
regarding this pool. Hoadleys counsel OBJECTED
because Mr., Mooney had closed his case "Ithout
making any demand for these paoerE justice
Amend interrupted to say he did not understand
why these papers were necessary at the present
time.
Because want to ind out II this written mem
orandum is among then.' said Mr. Mooney and
as soon as I get Mr.. Hoadley on the stand III
demand that he produce these papers III have
this agreement II have TO oras al Ne"-A o1A uI@A
Doomsday for It"
Justice Amend then ruled that the papers need
not now be produced
Mr. Letter was called the stand He said he
had never seen the memorandum in question since
It was drafted In Hoadley's Office.
December Il. 1899. is the date which the pool
ended. according Hoadley and Letter. while Jud-
son says 1t continued until the crash came
Letter said he 'ashed" Judson out Of the hole
from plre philanthropy. Il had personal inter
est in him It was an idiotio piece Of business for
him Hoadley suggested that should join IN
doing So and said I much interested In the
stock as he was and should save TINS man from
the water, I told him I would join him
Letter identified a memorandum Of a statement
Of the standing Of a pool between Hoadley, Judson
and himself. May 81, 1901. The statement showed
that the pool had dealt in about 10000 shares OF
International Power, had paid $092777s for IT, and
0o-sn cn fran nj M
nothing TO do with the L1S0 share pool
Letter said that Judson could easily have made It
profit of $4,000 If he had held his stock and sold
it when it went TO the highest figure
Mr.. Graham, at the end of Mr. Moneys cross
examination. examined Mr.. Letter as to whether
all pool agreements to which Judson7 he and Hoad-
ley were parties had not absolutely ceased on De
cenber i, 1901. and he said they had
Nj Mooney asked Letter if he had not written
10 Hoadley on January %, 1902. asking him for
settlement Of the accounts in the pools which he
was then carrying.
That is not my Signature said Letter IF
MI Watson viii testify that it is d correct copy
of any letter taken from my letter book, I would
be disposed to believe him. because l believe he
would tell the truth
After heated argument as to the admission OF
the letter between Mr.. Mooney and MI Beard MT
fs It true that on January 20 1902, you were
carrying any pool ACCOUNTS with aoaa 1fe state
snt because 6 had not dI St MY money from Inc
Then You were carrying it for Judson as wen
as Hoadley2' ,.~ 1. $500
December H. 1Sl1 " 49,,
THAT stock" Letter said, belonged 70 Hoqadley
and me and was stolen by Judson, and q balance
between Hoadley and myself could not he struck
until we saw what could recover from Juasoh
from his thieveTy. ,
Wasn't this stock you talk about Judson steahrS
the stock lost in the crash2
The crash when the stock dropped from $lSo
to $40 q share in few minutes
No; il had all been sold to Drexel and Juoson
before that. They owed for II
Then they old not steal it?' 5000 -.
Yes. they did They took out the stock and dIa
not nav for it When man takes our stock ano
goes around the corner with il and sells 1T and
never pays you I call that stealing II l were u
borrow your pin and take It round the corner ana
20 into a hook shop and pawn 1t and run away
with the money got on It, IS not that stealing!