The sun., 1905-10-13
IN POWER pool TRIAL
tOt SsIl. HEsiDES ElD0C tSCF.
EwIr TESTIMONY.
.toe letter tsaudied wt,hsm enc 0isves Q
Oerueueus Asreement wss sas6 ss
CsN Fsf -Jufw Nine Applies Hls Native
wiz 10 sts~h elans6itwe 1ntfirertes.

Csn Fer .yWov Nine Appises His Native
wiz 10 sts~h GsnshttWe intfirsrses.
The tbtee oornsfed fight bet ween Joseph
Hoadley of International Power fame
Joseph Letter Of wheat corner celebrity
Cyrus Field Judeon and Franklin. Scott
/ 4 Co, brokers. went on merrily yesterday
| beiore Supreme Court Justice Amend and
a jury. In the afternoon II turned into q
scrap among counsel, calling for frequent
admonitions from the bench, and just
TO help things along the juryrnon put
questions to both the Witnesses and the
lawyers that were occasionally not far from
embarrassing.
Franklin, Scott 4 Co, the actual plain :
tifTs, hope 10 recover from Hoadley and
Letter some te5 600 for which Judson be-
came indebted to them by showing that
the two we're equally liable with Judson
as the operators OF pool In International
Power stock As told in Tar SUN yestcr-
day, Letter on Wednesday revealed the
inner workings Of the pool and disastrous
ending, but both he and Hoadlsy deny that
they owe anything on account OF Judson's
operations.
One OF the bones Of contention In the
case In a memorandum on which werc set
out the heads of an agreement between
Hoadley, Letter and Judson, referring to .
pool in I,ls shares Of Power That. ac-
cording to Letter. is the only pool he and
Hoadley ever let Judson into, aud IL was
organized to save Judson from ruin and
incidentally keep up the price Of Power +,
with stock Of which Judson had become
overloa ded while the other two were abroad
in 1900.
E. L. Mooney, counsel for franklin,
Scott d Co., has several times demanded
the production OF this memorandum, which
was left with Hoadley but HoadieJ's book
keeper and Headley himself testified yes
terday that ii was not forthcoming. Mr..
Mooney became more insstent, calling
the memo the bowels OF the case, and
was only subdued when A. NJ. Beard, coun-
sci for Letter. put Mooney HI himself on the the
memo himself all the time
No. sir" replied Mooney Indignantly;
but I'm going to find out who has, IL
have to search New York for it..
Joseph Letters examination was resumed
by Mr.. Beard, and he was questioned con
corning q mysterious letter signed Walter
H. Knight in which he was apparently
advised to engage Jesse L'Amoreaux as
counsel in his case. This letter was not
admitted in evidence, nor would counsel
reveal its contents. rernarking that pup
lication OF it would be against public
RRalsSt's, RRGllsSS Letter said the signature was a0'
The purport Of all this was more or less
elucidated later on. when it came out that
Mr.. L'Amoreaux was one OF hoadleys
from prosecution" had been promised him
if he would testify in behalf Of the plaintiffs
and against Hoadley. In fact it was leiter'e
ambition to help along anybody who would
help him knock down Hoadley, In legal
Mr. Mooney got Letter to say that his
holdings in Power stock at its organi-
zation were equal to Hoadley's, about
81 900 900 apiece. This they agreed to pool
to support the market and get the stock
listed. so they could sell the treasury
when Hoadley left the market to Jud-
son." Mr.. Mooney asked, and loaned him
COO shares, you were just as much inter-
ested as Hoadley in the outcome. weren't
you?"
Not at ALL l wasn't in the least.
@But you helped to fish Judson out Of the
mess he had got into in your absencef
@Yes, / was dragged into that by Hoadley.
but it was purely philanthropio, on my
Part, as far as Judson was concerned. VI
smash because of Judson's foolishness.
And the result was the formation OF the
1,lso share pool, the small pool?'
mo, not the small pool, the only one that
Judson was in"
Mr.. Mooney made Letter repeat the re-
mark about the only pool. and then took up
Letters testimony in the trial OF Letter
against Thomas Il Post, when he sued that
firm for conversion Of some stock. In the
course of that testimony he spoke OF big
pool in which he, Judson and Hoadiey were
depressed the price Of Power at our pleas
ure. Mr.. Mooney demanded an explana-
ton, which Letter gave BY stating that
Judson was only the agent OF the big pool
and was not interested otherwise.
with a native faculty for oross-examination,
And you really mean to say that you
put up or down the price to suit yourselvesl'
why, Of course, said Letter, laughing.
Number Nine looked surprised, but said
nothing moro for q while.
The whole Of Letters cross-e1amination
and subsequent examination by Hoadley's
counsel was devoted to labored attempt
really never had any interest in the main
pool, but was permitted to share in it's
losses mt the close on December II, 1901,
the day Letter backed out OF the whole
thing. To contradict tins Mr.: Mooney
other cases when he had admitted that
Judson was In the pool.
Mr.. Beard, whose full name is Anson
McCook Beard, and who Is developing
his youthful jaw by continual chewing OF
gum, got very angry over Mr.. MONEYS
procedure. Addressing the Court, he said
that there was breach Of confidence on Mr..
MONEYS part; that 1t had been agreed
between them that Letter would furnish
Mooney with all the ammunition available
against Hoadley provided he were treated
with consideration" on the trial.
Mr. Beard did not think that Mr.. Mooney
was exhibiting great amount OF considera-
ton, and he denounced Mr.. MONEYS con-
duct as -the greatest piece OF treachery
l have ever known" He fairly shouted
this and caused a real sensation. Lawyer
Graham, for Hoadley, chuckled audibly
and Mr.. Mooney said that Mr. Boards state
ments we're false.
AYou agreed you wouldn't use that deposit
ton against him." stormed Mr.. Beard,
pointing to a copy Of Letters testimony
in Hoadey VS.. Leopold.
Il never did anything of the kind, an
swered Mr.. Mooney. 'and I'm going right
on now to Use it.
In the deposition Letter had testified in
October last that Judson was the trustee
of certain stocks belonging to the pool.
In the deposition also was q statement of
the accounts Of the -Hoadley -Judson-
aiter poDl