New-York tribune., 1910-06-02
REENE ACCOUNTS SECRET
SHIRT Sale of Hooking and Com
mission Charged to Him.
PoPPER EXPLAINS DEALS
Decl;nes. However, 10 Supply
Figures on Market Value OF
Keene's Holdings

- 4se short sale q th0usanQs
e-s s7a Hooking Coal and Iron
( - .-- Fopoer & Sternbach on Jallusis
( : =. -. -ba hooking pools collapsed p-l
- r., Tsrnes r Keen5's account. pui 1ll7
,--,,,.-s charged against IL the usual oolli-
-.seg.,~ ~ Ss7e . a hundred shares h'o"aI1
7-.,-,,- mas made 70 add this last ITEM ~
o..,.,-,-,1ar5ou Of testimony on the SUD
,-- =, ,Ie Tathrop-Ffa skins hearing ntl''9
T-afa~ee Dexter yesterday afternoon
A. porper. when examined in the HlsAS
hearings before Ccr1missioner AieAa-i',-
,si5 that ris frm made the snort sdit'
Cor 4-s own sccolrt and used Ny Ne'-is
s,s-- for ,ieIf-erv under IN cd asresi'i'i''
with rhef~ custcrer. The eHIr'@e
,--a+e under Ar keeDe 8 account ne =
-rasire5. in Al effort 70 deceive the .a''el
and we're later transferred - fhs Illll
as4e,lnt. 80
5z7,e- vcur firm deals in stocks tor Us
r-- account. % voo charge Eourselt VIZ
- s,,r commission asked Abran / Il
l-ls counsel for Henri . HotcakisS- us
sec 4-- ~ creditors Of Lathrcp. HaskIns q
Go
.z-.s -o-zztors1Iv-.- was the answer
...-e- o., s,o- ne any other transaction
80 This Kind where the commission crafse
< entered against the 6-na
NC"
...s .sro,- ss,- there IS no other transaction to
.,,~;5~ ovn account where YOU followed the
ear,e practice
~ scr't ~ecollecr, replied NJ Hcpp@F'
sorlewLz- lmpatien-lz
a r FTa-kness hcokkeeper Tor Fopper =
Ere~7bs-h. testified that payments by MI
r-ea-e - his brokers we're shrouoec IN an-
so1,1rs zecrecv. He said he never saw Ny.
4>aene and di6nt know that the &C
counts were those Of the manager OF re
Hooking pools. He received checks he de-
.-lsre6 made ou- 20 his own order and
signed .T.ab-arche. 90 which Re indorsed and
furre5 ever te his employers without seek
4uE an explanation.
The L.athrop- kaslllus hearings have TOT
@f.ai~ object. ir common with the tlshs
1szarfraz. the placing Of the responsibility
fss the short sales and consequent collapse
rs<--re Hooking poels on the shoulders Of
James = Keene. with ? view 70 forcing
Z. settlement for the benefit Of the creditors
o. rhe three bankrupt brokerage firms
- Ftske E Co. Lathrop, Haskins & Co
ena Roberts. Hal 4 Criss- Settlements
have been offered, but Mr.. Hotchkiss has
declined 10 consider them until he has
found a1r Just what profits were made IS
result Of tho alleged selling o1f or the
pools h- their manage
1L- Erlzus asked lIr. Pepper again yester-
7sv for the market value of the securities
rel6 fc- NJ keene hy his firm on January
hut the witness produced q. statement in
yzz1cb he declined TO give the figures on
Ire ground that as his firm made the short
sales for t1s ovu account the condition Of
Nlr. Keene-s account at the time was or -
consequence for the purposes of the in
cui~-- The referee allowed the question.
1ut r was finally agreed thai ex-Judge
Hatch. Mr.. Popper's counsel. should apply
10 the United States District Court for de-
Cisiou as 10 is prOpriety-
This same agreement vas also reached
with regard 70 question about the present
Etstus or the Hooking deal with NJ. Keene.
Further examination Of Nj Pepper was
-'cstponed To June l.. at go ?. N. AIr
J1eere ElII be = witness on June S