Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1910-04-25
PRUDENTIAL SUITS
TESTIMONY IS IN;
TO ARGUE JUNE 80
Continued from First Psee.)

VI tlc Hidilii6 oC-
partment.
o.-Had you anything to do with the
mailing of copies of the presidents adj
dress? .
Ayes, sir. We mailed them to all
the ~policyholders, to all the steckhoid-
ers, to h insurance commissioners of
the various States and the insurance
journals.
Q.-How did you mail them to the
stockholders each year?
Ave have a machine that is cor
rected from year to year.
Q.-Are you acquainted with the vari-
Gus concessions made from time to time
to the policyholders?
Ayes, sir; the important ones.
Q.-Were notices OF these mailed to
anybody? Z
A.-To all the stockholders, the in
surance journals and the field staff.
Q.-When?
A.-On the day of issue practically, or
as soon thereafter as could be DONE.
Cross-examined by Mr.. Hardin this
witness was put through his PAGES as
follows:
Q.-Take the great mass of your in
dustrial policyholders, you don't keep a
list of them?
A.-No, sir.
Q.-When you refer to mailing reports
to policyholders, o mean ordinary
policyholders.?
Ayes, sir.
B. L. Jacobus, who is connected with
the stationery department, testified
briefly to the publication Of THE
Weekly Record" one of the Pruden-
tails periodicals., and told about send
ing it out. Mr.. Lindabury explained
that the paper was sent to the field staff
and covered points of interest to the
agents.
Former United States Senator John
F. Dryden, the president of the COM
pany, recalled, was asked by former
Acknowledgement Robert H. McCarter,
for the complainants, about the erection
of the new buildings. one of which is
to be occupied by the Public Service
Corporation.
Q.-What Is the floor area of the
new building in course Of erection?
A.-245, 1923 square feet.
Q.-And the number of square feet to
be occupied by the Public Service Cor
%poration?
A.-110, 754 square feet.
Q.-And the Prudential
Abs square feet.
Q.-Do you know what the cost per
cubic foot will be?
Any recollection is that the esti-
mate Of the architect Is 10 cents per
cubic foot.
Q-Was that the estimate the board
of directors acted upon when they
adopted the plans?
Ayes, sir.
Q.-Why was SO large a proportion
rented to the Public Service?
A.-The Public Service had under
consideration for some time the erec-
ton of a building for it's own use to
concentrate its entire business. 1t was
desirable to get a responsible tenant
for some portion of the new building
and the Public Service was willing to
rent it under certain conditions. One
of the conditions was whether the COM
pany could get sufficient amount of
space, n the other was whether the
company could get in possession In time
to justify abandoning Of Its present
headquarters.
Mr.. McCarter asked in the cross-eX-
; animation whether 1t was not a fact
that the company is arranging to build
an extension on Academy street, and
was told that no action had yet been
taken with regard to the new building.
At the conclusion of his testimony 1t
was decided to hear argument June
80 and July /. The trial lasted min
and one hall court days.
Before Mr.. Dryden a told o the
new buildings he was asked about
printed address purporting to have
been signed by him and addressed tc
the public and members of the Legis'
l lature of 1907. He admitted that he
was responsible for it, n portions o.
1t were quoted by counsel for the com
~plainants in attempts to show that Mr.
Dryden's statements h made were
at variance with those made during the
earlier part of the hearing, but thu
variations were immaterial, and diff
: fered but little from his previous testi
mony. The address covered chiefly thu
apportionment of the surplus, and i
. came down to the statement that this
was considered eminently just anc
proper by the president. He was asked
, about the resolution referring to tn
deferred dividend policies.
,, Did you call officially the attention
: of the board to this?' was the question
"I presume I did So" was the answer
: The general policy of the ompan ha'
: been stated again and again"
Among the last witnesses examines
were two of the counsel in the case
John r. Hardin and Richard v. Linda
bury-covering their connection will
the case. Mr.. Hardin was celled by Mr.
McCarter, after having testified that h
had talked over the litigation with Mr.
r Lindabury for the last two or thre
I years.
: "I told him. said Mr.. Hardin, tina
1 / represented 20 per cent. of the stock
4 holders of the company and that the
!. were urgent for dividends. and that
|, wanted to know the attitude of tn
> company in the matter. | asked hin
2 whether a larger dividend to the stock
holders would be allowed. He told M
i the company's attitude. and ] told hin
suit would be brought In Chancery.'
Mr.. Lindabury testified that his. recol
lection was that Mr.. Hardin ] no