New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1909-08-13

Boston Aug IA. n. r. Adams. State
| street broker. I'm a long statement issued to-
night said he had nothing 10 do with the tran
saction regarding Heinze stocks now being In
vestisated I'm New York II had been intimated
in New York and Boston papers that Mr.. Adams
was wanted 10 explain what he knew about the
case. Mr.. Adams's statement follows:
do not know ANYTHING about the transactions
regarding Heinze stocks which the District At
torney's office in New York is Investigating other
than what I have read in the newspapers
had no connection whatever with the affair. The,
persons mentioned in connection with the affair
are known 10 me. I have had some business
dealings with some of them. ali of which have
been completed except a contract regarding a
certain small amount of stock. and said stock
is held ready for delivery when the borrowers
ready TO pay their debt.
Regarding statements made In the press about
loans made TO Carlos War1eld. all such state
ments are incorrect The facts are that during
January. February and March loaned money TO
Carlos Warteld stock and bonds of the Ohio
Copper Company. When l made the loans I
understood and have always known that the
loans indirectly for the account of r.
Augustus Heinze. / have made loans direct TO
T. Augustus Heinze, and when the loans came
duo i rendered the collateral at the First Ma
tional Bank I'm Boston. which institution was
named by Mr.. Heinze as the place OF payment
OF said loans They failed To pay the due
date .
In the case OF Mr. Warfeld on notes amount
ing 10 $4,000 I had less than $4,000 i'm col
lateral. and I requested what any banker or
broker would have asked-namely, that l either
have additional collateral or the notes be paid
/ had the notes and collateral on which [ asked
for payment ready for delivery. but my demands
met with no response.
Finally. June 20 / Wired both Mr.. War
fields Office and Mr.. Heinzes Office that unless
/ had more margin Immediately or the notes
We're paid on the following Monday, I would sell
out the collateral. This demand awoke some
one in the Heinze crowd and Mr. Heinze's fac
totem. a Mr.. Sacks. turned up in Boston ON
behalf of Carlos Warfield failed TO meet Mr.
Warfeld's contract. and then resorted to an in
junction 10 restrain me from selling the col
lateral. and thus protect myself and my clients
The statement that they rendered $4,000 In
cash and demanded their collateral and notes rs
absolutely untrue.
ready at the time | called for additional
collateral or the payment OF the notes TO meet
my contracts with Carlos Warfield the notes
which called for payment. but they were not.
What the status will be when the present
contract becomes due remains 10 be seen.
Joseph NJ. Everett, a State street broker who
says he is a loser in recent stock manipulatiors
in New York and Boston. applied to-day to the
Superior Court for an injunction against Edwin
+. Draper, Walter Althause. OF Cambridge and
Field & Fay Congress street brokers' to restrain
Field & Fay from selling disposing of what
ever portion of 1000 shares of Eclipse OIL stock
they may have in their possession
Everett says that on July rs he executed n
note for $1,000. payable four months from date
TO his own order, and pledged % 900 shares Of
Eclipse Oil to Myer Berman as security In IL
alleged that herman disposed of the note and
stock 10 Draper. who sold the stock through
Field Fay. The court will give decision
later.