New-York tribune., 1910-02-04
YOUNG ON LOAN
MIKES ADMISSIONS.
President Of Uindsor Trust
Testifes an Trial.

Under a stiff cross-examination. John
Alvin Young, president Of the WindSo'
Trust Company, yesterday admitted IN the
Court of Special Sessions that formal ac-
ceptance of the $4,000 loan last summer OF
Heinze copper stocks had been read to MN
Mr.. Young also admitted TO William a
Clman, counsel for Stirling Birmingham
that he had called at Ulman's Office fas'
Monday Ulman was unable to get IN eVl-
dence any statements that Young mlsh'
have made on that occasion eHonerali1s
Birmingham from any misdeed III connec-
ton with the loan.
birmingham is charged with having ac-
cepted a sratuity of $3.50 from Richard .
Kaufman who negotiated the loan loI
Charles Katz, of the Katz Brewing COM
many At the close of the preceding DAY
session Assistant District Attorney NNte-
side had secured an admission from the
head of the trust company that docu-
ment handed to him i'll court was the one
prepared by Birmingham
.rwa would be delighted to have the
prosecution place that paper in evidence" "
was the only comment OF Birmingham
lawyers.
On cross-examination Young said that
Birmingham had not told him about ac-
iHSNN'AANN0A-
the former had told the story to the Dis
trict Attorney.
II told him it was wrong" said the wit
ness. "hut he assured me that it was not
taken by him because of anything he had
done in connection with the Windsor Trust
COMPANY. He said that Mr.. Kaufman had
offered to divide his fee with him if he.
birmingham, secured the loan outside OF
our company
Birmingham. according to Young re
ceiyed a salary of g. go year and COM
mission upon the net results OF the puSl-
ness of his department.
Mr. Young denied that he had ever seen
the original letter dictated by Birmingham
and copied and signed by Kaufman, IN
which the terms of the loan were set forth
until after the transaction was completed
Then, he said, it shown to him by AS
sistant District Attorney Mott. He denied
having gone to see Mr.. Mott carrying
copy of the letter in his pocket.
i don't think there were any material
facts that Mr.. Birmingham did not call to
my attention." said Young; but the court
would not permit an answer to Mr. Ul-
mans question, Then MIR. Birmingham
did not deceive you?''
The court also ruled out questions regard
ing what occurred at q meeting of the cX-
ecutive committee Of the trust company on
August 8, the day upon which every one
connected with the transaction was write
washed" except Birmingham.
Mr.. Young acknowledged that he had
known kaufman for few months before
the date of the transaction, but had never
done any business with him. He denied
that he had ever questioned kaufman 5
honesty. Mr. Young said he had an idea
that the statement prepared by Birming-
ham might be used for publication. but
changed his mind after he received It and
did not make it public.
As president of that trust company.
asked Justice Wyatt, Immediately before
adjournment, did you pass upon loans and
other business that the trust company Iid -
Most OF the business" answered Mr..
Young.
Nov, when Mr.. Birmingham did busi-
ness in his department. when did you pass
on t1at?'
Sometimes before and sometimes after,"
was the reply.
Adjournment was taken until $50 o'clock
this afternoon.