New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-20
CONTRADlCTS Mr., JUDS0N
J. III. HoadLey Denies He Vas ."
4ny Pool in 1909.

7o.,, II FIoadIev, president Of the international
Power Company and co-detendant win Joseph
7 - ,,d (,vr1ls Field Judson the first wit
,osa ,,oste r6av in the suit in which William IS.
Franklin and George I. Scott, composing the old
stock brokerage firm OF Franklin. Scott & Co.. seek
70 recover 500 for losses sustained in the collapse
of international Power stock on April So 1902 The
plaintiffs allege that they were operating In the
stock for a pool" consisting of the three defend
ants but the existence of any such pool is denied
by Hoadey and Letter.
Mr. HoadIey was examined by George S. Graham,
his attorney He was not engaged in any pool with
Judson in 1902 in any transactions with Judson
in the sale and purchase Of International Power
stock In that year, he testified.
Mr. HoadIey said that he and Mr.. Letter held
$500 shares of stock. and that Judson. who was a
director the company said he considered that he
ought to have share of the stock, II was agreed
he testified. that Judson could have one-third Of
the stock taking it up and he was repeatedly
urged TO do Counsel asked:
Q.-Was there ever any revival Of the pool dis
solved on December II, 1901? A-Never, Judson
never had any interest except IN the oTg1naI pool pool
Q-NoW, MI Judson SAID IN ms I 5o loo ma
which he said he wanted $S00oO to make his clear
Judson said he waited very large sum of money
take up a great deal Of stock In the market and
bon6 9daie from q M oD6 to 81 5000 ahead and that
Il haR ne S ssoo give me my STOCK BACK "0'o ' nun
have SP By CHICK sa ne1 dsy N eered
$4,000 if 1 could get my stock back. 10000
check you said you could not furnish it. but that
@. W. Hoadley would take charge. Is that true7
Alt is not
Mr. Graham asked Mr.. Hoadley in regard to the
loans in the North American. Knickerbocker and
Bowling Green Trust companies amounting III all
TO $4,000. MIR. Hoadey said that he wanted Jud-
give him the collateral. that he could take
up these loans. JudsOn, the witness said. offered
go down and get the securities if he got certified
checks for the of the loans. This was re-
fused. Then NJ. Hoaaley told OF the interview al
the Chelsea tha following day with Judson. saying
he called up by his brother George, VINO told
him thar Judson had stolen all his collateral lie
said:
I asked Judson II it We're true, and he admitted
1t was. 1 asked him Il he had got rid Of the trust
brother said he should send for the Sheriff She o,
ruth to do what could for him as knew MI
Letter woald not be as lenlent with him as would
ana I would see what could DO, and he and
George W Hoadley went TO his office That Is how
QNoy Judson has shown that you undeTst9Ok
Rg al his ta DEBTS e + he IS fasa fhs ong
agreement l made with him was that if there was
Q0Dd You ever give Judson instructions during
March April 1909, TO sell stock for you? A
you got kilograms from JudsOn while in
Q-Before you went TO Europe in May. 1902 did
at SfU three ee'o or six months? Al did authorized
George W. Hoadley to do so. l gave them TO my
brother Judson was to give notes for the balance.
This offer was, not to be carried out unless ao5
Cepted by all the creditors. did this TO try and
nut Judson on his feet 1 had done many a
time From my first acquaintance with him he
owned me a great deal of money. He borrowed
money for my agent and 1 put up the col
lateral
The 1000 shares OF American Locomotive stock
nIedged with the Bowling Trust Company for a
loan were the witness said, the property Of the
Power Company. and he sfteT% va
made them good. All JudSon did for me IN 1907.
Mr. Hoadley declared. was TO purchase certain
amounts of stock at certain prices. and when he
delivered me the stock was 10 give MIN 'le