New-York tribune., 1908-09-29
GAVE AWAYTW0 AUTOS
40. BROWN 6 co. LIBERAL'
Edna Wallace Hopper Gets ohe u
fhe Free Machines.

- --e suspended Stock 1 EN-
49,. e~rn Of A O. Brown Co. 90 a.. .ctress
.a-.o+5s 70 Edna Wallace Hoppe .-7gv at
- March according 70 tss'ii0l' ,--a-,,,issioner
- ..ortnr before United sta'es = .a-si,st the
lle Hs- -. bank-r,rtcy proceedings Ss
-z-5 ? Buchanan. the nlahse a,,i,v
= - +,e firm who conceived ue -, Lila trad
g. ,,s-lxe- short which resulted II = -. a mo-
snr of August -. also testineo '''a oc.ober 1906
- -.- ~ George r. Hunt 3r- N II. = oon on
-. - .ss,,-es as owing the nrln s',o ~ -
= ..oo-ai-r TO Receiver Charles < - Is.
~. denies the debt CoHrentiIs On - ~, l;lA6
Fsr-hanan said Il had an au'oii,oo-'
st so I said. Just take II slons' = 4,-o,, =
- -... 7 . young S c. Brown anu W
: TI-hf-,,an-who were arrested last FiluHS o
charge Of grand larceny preferred os d "Ol,i'Il
- - ha6 failed 10 obtain delivery OF certain
-,ck bought and paid for. were al al me mean ms
- T-,-s-4,sch George E. Schurnlan and DIX
n %oel represented the partners as counsel
a. r7ncbsnan and Mr.. Young were interrogated
rose5z in regard 10 certain bonds OF 1ne Ailtiic7
Tobacco Company which were 4en' 10 lNe I'm m .
:. --.-,he-s bv Mr. Young's mother just be1ore
- s-tI,--s wr Buchanan in explaining this trans
,u.,on said Mrs Young agreed, after eonsulta-
=. N lean Us $4,000 Of American Tobacco
horss provided would return them on Monoay
- ma bonds in question were delivered to
A. Whitman on Monday morning. according 70 the
testimony were hypcthecated at the Hanover Ma
t5o,er Rank and were returned 10 Mrs. Young by
Re- son after business hours on Monday The firm
suspended the next day
N- Young when called upon 10 tell what he
So of rbe transaction with his mother. said:
on Saturday MI Buchanan said that the firm
-,irl- need little money. I'm not sure, he said
qbur everyrhi1g's all right ! said that couldnt l
ss- any more money. He said that he would need
cn,v Saadso or $4,000. said I didn't think could
gel any, but I would trZ. told mother and she
ests she couldn't lend any more TO me- She said
.bs- she had loaned ne enough. She said if she
loaned ne any more she'd loan me all she had. On
sunday Nj. Buchanan Mr.. Brown called me on
the telephone and asked my mother whether sne
.l5 loan some bonds for the purpose OF certihca-
+ion think Mr. Bushanan said everything was
a. right downtown: that there was only one thing
ne hanks might refuse certihcation and that an
extra large certihcstion was needed
NJ Young who looks Ike boy. insisted that the
bo-ss. had not been loaned TO A O. Brown & Co,
t-- rad been turned over 10 the Hanover National
81 @o- = dav 10 insure certifcatiou- His mother,
r. said had refused 10 make any further loans 10
The firm.
-oDnsef for The receiver suggested here that the
r-or,-r los-ed proved insufficient after all where
upon Nj Lauterbach counrered sharply with the
stater7enr: NO. # the concern which certifed
& 7o 90 The 6av Before without additional security
rs5 nor gone pack on l. the firm would have been
al right to-day" Mr. Lauterbsch refused TO ex-
plain 5us- what hank he referred 70.
4 q. Brown cor-obo-ated what Nj Young said in
regard 10 the loan OF the bonds and the pressing
need for additional certHcation- He admitted
thar Mrs. Young had been informed that If certi-
fos-icr were refused the firm would not be able 70
Do business or MonGay.
--,Sot g hr-n il Wal Street could do business If
cerrifcaton were refused f." added the witness
-Oe course commented NJ Laure-bach that
fact would Be perfectly clear 10 any intelligent per
Ecr-eX-e0r q lawyer
TIE turning over II Mrs. Young ot the 1.229 bonds
Of tbs Whitney Company was made the subject OF
some further questions by the receivers counsel
bur 10 new facts were brought out. NJ. LirtIeheld
here remarked that he had just taken possession OF
z motor boat as part of the firms assets. Asked
what Re value of the boat was, Mr.. Buchanan re-
piled: Il should say 500 sec. I got it IN trade
for brokerage
The hearing was then adjourned until Thursday