Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1906-01-23
MANN COT BIG MONEY
Editor of Town Topics Made
Big Loans From Rich New
York Brokers
THEY WERE NEVER PAID BACK
Evidence Indicates the Town Topics
Company Was Beneficiary of the
Wealthy FamiIies-The Hapsood
Criminal Libel Case Brings Out
Some Startling Testimony.

editor OIL Town IOplCS, leSlllieu dl lIle
Tapgood criminal libel trial yesterday
that he had borrowed nearly 100000
from j. z. Morgan, James r. keene,
w. X. Vanderbilt, William C. Whitney
and other prominent flnanciers.
Many of these loans were never re-
paid so far as Colonel Mann could re-
call and others were repaid in stock Of
Town Topics company at $1,000 a
share. The largest single loan was
obtained from j. r. keene, who loaned
the Town Topics editor $4,000. From
w. K. Vanderbilt, Colonel Mann op-
tanned $4,000; from j. P. Morgan ST.
500. from w. G. Whitney $4,000, from
Coils P. Huntington $4,000, from John
w. Gates 100000, Charles M. Schwab
$4,000, Thomas f. Ryan $4,000.
When Colonel Mann testified that
many of these loans were paid in Town
Topics stock at $1,000 a share, James
w. Osborne, counsel for Mr. Hapgood,
asked if the par value of the stock is
not $40 per share.
Colonel Mann replied that it was
until contract was produced showing
that $1,000 was paid by William j.
White, of Cleveland, for a subscription
to Fad and Fancies," the book which
was issued under Colonel Mann's di-
rectiOn.
Mr.. Whites name was not in this
book, and Colonel Mann was asked
why Mr.. White paid the money. He
replied that he did not know and said,
that learning that Mr.. White was a
prominent Cleveland man he had ap-
proved his subscription.
The price of subscription to "Fads
and Fancies" was $1,000 and Colonel
Mann was asked what Mr.. White paid
the extra $1,000 for.
He wanted four pages instead OF
two" Colonel Mann replied.
Dealings With Senator Clark.
Colonel Mann's dealings with United
States Senator w. A. Clark were taken
up by Mr.. Osborne.
The witness said he never received
any money from the senator.
"There was series of articles about
a member of his family" Mr.. Osborne
asked
Il am not sure of it," said Colonel
Mann.
."rhat series was stopped and you
became friends with Senator CLARKE"
YES"
How did you become friendly with
him without money!"
"There was some correspondence
with him." said the witness.
"The senator came to my office and
talked for an hour or two. He said he
was feeling all right He said he was
going to issue bonds only when the
road was complete, and that could
have some of the bonds then. Fr9an
that day to this l have not seen Sen
ator Clark"
Did you ever borrow from him 2"
asked Mr.. Osborne.
II applied for loan Of $4,000 from
him on stock of the Alger- Sullivan
Lumber company, and he agreed to
take the stock and give me the $780,
OOO."
Did you get it?"
"soune one brought the money to the
office and it was left there. but did
not handle it,"
"And you don't know who it was
that brought the money!
NO"
Taking UP the loan from w. K. VAN
derbilt, which Colonel Mann said
might have been $4,000, Mr.. Osborne
asked:
1T is not agreed that his name is
never to be printed in Town Topics?"
"No."
Did you tell Mr.. Wayne, your man
aging editor, that If he said some
thing about w. K. Vanderbilt in your
paper or ever mentioned his name at
all it would taken out of your amouth?"
81 did not" answered Colonel Mann.
Equitable Brought In.
The relations of the Equitable In
surance company to Town Topics was
then taken up, Colonel Mann testify
ing that the paper printed ADVERTISE.
ments in several languages for the
Equitable.
Did you not have the story of the
row lin the building before it became
public and did you not suppress that
story because Of your friendly relations
with Mr. Hyde or for other reasons 2"
he was asked.
NO"
Dld MOT woman DTlfls you tHe
story of a quarrel in the Equitable
bt;ilding?"
Colonel Mann answered:
II have now a faint recollection that
a woman who said she was a stenog-
rapher or clerk in the Equitable office
came to my office and she said she
knew the facts about a fight inside
the company, but ] paid no attention
to her. A day or two later the whole
thing about the Equitable quarrel
came out in the papers"