The Washington times., 1905-04-01
WOMEN TESTIFY
AGAINST FRANCIS
Held for Grand Jury on
Bail of $4,000.
EARNINGS NEVER PAID OVER
Inaugurated New System of Bookkeep-
ing by Which Investors Were
the Losers.
EARNINGS NEVER PAID OVER

PHILADELPHIA, April lon the tes-
tmony of two former employees of the
defunct Storey Cotton Company, Stanley
Francis. accused of being one of the pro-
moters and directors of the concern, has
been remanded for trial by United States
Commissioner Craig, with bail set at
$50,000
The original charge against Francis
was using the mails for fraudulent pur-
poses, and he was arrested at the insti-
cation of the postal authorities The
Two important witnesses against the ac-
cused man were Miss Margaret Hope, a
stenographer, and Miss Gertrude Sund-
heim, bookkeeper, who gave testimony
winch commissioner Craig said was suf-
ncent TO convince him that the defend
ant was party to a conspiracy to de-
fraud.
Examination of Books.
James r. Clark. an expert accountant
employed by counsel for Senator Brad
ley, OF Camden, receiver of the Storey
cotton Company, also testified con/rn-
Ing his examination or tie company's s
DOCKS. He based his testimony on his
examination Of the cash book. which he
SAID contained an entry of sos. .3O1. as re-
ceipts from cotton investments which
was the only indication in the book of
any Investments by the company
"A statement of the concerns s business
showing assets of $780, 600 was produced
pY United States District ATTORNEY
thompson, and after examining if the
witness said there was nothing in the
SsIl Gash BOOKS to show such assets. The
rany had lost s, lis, Alt, but there was M
indication that this sum was lost in
cotton transactions
Miss Hope on STAND.
MISS Hope said she had known Francis
SINCE lso2. and she had always believed
nm 10 &c the advertising manager of the
surrey cotton Company. She knew that
he carried a key to the room in which
,le directors of the company held thei-
meetings, and she testified further that
ne attended many Of the meetings of the
board Others who attended the meet
mss' she said, were Messrs. Storey.
eulnlan and Harper The latter ;s
frank G. Marin, also known as "Indra,i
FRANKLIN Stone. Miss Hope told of one
occasion when Francis dictated To har q
nrasia Iu.eer TO Prof. Langdon Thompson,
president OF the New Jersey Teachers
association, in answer to a. Ietter fron,
thompson TO Francis
MISS Sundhelm in her testimony said
i"e enc ndu Deen instructed by Francis
20 cnange her method of calculation. IT
had been customary, she said. when s1Oi
earned $3.50 or over to credit II as a
pfont of 50, but Francis told her IN
chanSe the calculation so that when s10T
1aiied TO earn 50 to throw * back TO the
principal account She said that Francis
mad given her various Instructions and
Had seen him giving instructions to Miss
Collins and others
Same as Sophie Beck.
Miss Collins is Sophie Beck, for whom
the authorities are searching.
counsel for Francis argued that the
Government had failed to show that n.
was connected with the Storey CottoI
company in any other capacity thar
that Of an employe and asked for hi,
discharge. The commissioner. however
said the testimony was sufficient to holt
him, and the prisoner was sent to the
county prison in default of $4,000 bail
Additional bankruptcy proceedinps
against w. II. Latimer, Stanley Francis
and Frank G. Marin We're brought he
lore Judge Holland in the United State:
court by counsel for investors in tn.
ProYident Investment Bureau Jldg,
Holland granted the petition and an
pointed j. Hector McNeaI receiver
1nJunctlons Were granted against IN,
wives OF Francis and Marin restrainine ne
them from disposing of any of their nus
bands property.