Every evening, Wilmington daily commercial., 1906-05-24

Philadelphia. Pa. May "A The fnan-
cial methods oi j Edward Addicks were
reviewed yesterday in this city. when
argument was heard in the suit 10 recover
more than 81 600. 900 from the man
whose senatorial ambition has made him
so prominent His transactions in BAY
State Gas Co. stock and other COM
pancs were rchcarsod before Judge Nc
Phersqn in the United States District
Court
Inside facts of financial deals in which
Addicls was the leading spirit deals in
which Thomas W. Lawson of Boston and
other wealthy spectators figured promi-
ncntly were presented to the court
These facts were CLEANED during the past
year by Examiner Henry b. Rohh in
Philadelphia and New York
II was upon this evidence that yester-
days argument was based Judge Me
Pherson reserved his decision.
George Wharton Pepper, receiver for
the Bay state Gas Co. of Delaware, of
which Addicks was president. is the
plaintiff, and he charges Addicks with
having misapplied about 81 100000 of
the company money to his own use.
Addicks was not in court yesterday.
lie was spared the humiliation Of hear
ing himself criticised by T. B Brocken
and W. b. Bodine. Jr, counsel for the
receiver George l.. Crawford of this
city and II. H. Ward, cX-Attoney-
general for Delaware, represented Ad-
dicks. Few Others were in the court
room
The keynote Of the accusations against
Addicks was that ho misused his Office as
president OF the Bay State Gas Co. TO
sell worthless stock Of private corpora
tions. These corporations were the
Queen City Gas Light Co of Buffalo. n.
y, and the Queen City Construction Co.
Constant reference TO Addicks' political
relationship with the men who were associ-
ated in his financial deals was brought
out in the evidence submitted TO Judge
Mcpherson in a 77S-page record of the
hearings
The testimony of men whom Addicks
made politically and financially and who
turned against him is contained fully in
the record OF the-private hearings Sena-
tor j. Frank Alice of Dover, who was
director OF the Bay State Gas CO., dis
claimed all blame for the "frenzied
manipulation OF stock
DIR. Caleb r. Layton, who was appointed
Secretary of State after supporting Ad-
dicks, said the board of directors. of which
he (Layton) was a member, was guided
wholly by Addioks, its president
Although Thomas w. Lawson did not
| testify against the accused men, his busi.
ness partner, Camille Weidenield, did He
told of q million-dolar deal in stock in
which the Lawson company acted a,
| agents.
The detailed history Of Addicls trans
action in lighting company stock was 10
lated by Mr. Brocken. He said that Ad
dicks, while president and a stockholdei
OF the Bay State Gas Co.. had devised 9
scheme by which he enriched himself e
the extent OF $500 600 from the treasury
of the company. He said that the Queer
City Gaslght Co. of Buffalo. n Y, wal
formed in 1897 with no assets except III
charter.
"Addicks entered into an agreement
with the charterers under which thl
/ Queen City Construction Co. should b,
| organized 10 build a plant for the ligh
company, said Mr. Brockon 1T wa
then arranged that the stock of the con
struction company should be issued a
full paid in exchange for the stock OF thl
gaslight company and that the construc
tion company stock should be divide,
| between them, so per cent to 60 to Ad
dicks and 20 per cont TO the others. Ad
dicks then, through his control OF the Ba,
State Gas Co. caused that company e
lend TO the Queen City Construction Co
$4,000, out of which sum a small plan
was built.
"Addicks thoreupon induced the Ba,
state Gas Co. TO pay to the Queen Cit,
Construction Co. 1000 900 in cash Il
return for am order calling for the dc
livery of 81 900 600 at par Of the bond
of the Gaslight Co.. 10 be thercalte
issued AT this time the gaslight com
pany had no bonds but the order wa
given ON the Central Trust CO. of Ne,
York. trustee. 90 deliver to the Bay Stat
Gas Co. 81 lO0OO00 of the bonds whe
issued At the time of the giving of thi
order the Central Trust Co. had not eve
been appointed trustee No bonds were
IN fact ever issued 10y the gaslight CON
pany. and If they had been they woul