New-York tribune., 1910-02-15
kEENE ON STAND
continued from frat psx"

members OF the pool were so greedy that
rhey would buy il AT snv price and you
oouta not keep them away
ihls was last spring. and in july ap-
paren'lE because the other members
were SO greedy" the second po"i "ds
formed and Mr. Keene agreed 70 GO INT"
IL because. as he explained ooii"i''ouS
were slightly changed Both pools We're
1orTned for 10000 shares. he testiIleI' anu
IN the second pool he agreed TO subscribe
Tor 1000 shares-t1at is 70 take one snare
Of every five acquired. In relther pool
WAS the limit reached, he said ne sec
end pool having its maximum Of 5000
shares at the time of the collapse The
witness declared that Henry ; HaSkins,
Of LaLhrop, Haskins & Co, another OF
the bankrupt Stock Exchange firms, was
principally responsible for the formation
Of the second pool, which was to expire
on March l. 1910.
Who regulated the proportion of the
shares in the pool" he vas asked.
Mr. Haskins and myself" Mr. Keene
replied
Who made the deliveries
'Lathrop, Haskins & Co
Who ordered them 70 do it DID
you as manager Of the poole
Yes | would write To each member
that Lathrop. Haskins & CO. would de-
liver to them the next day certain
amount or Hooking stock at Z certain
price.
Mr.. keene said that prior 70 the for
nation of pool No ! he had owned
for two years 6a00 shares Of Hooking
stock, which had no connection what
ever with either pool. He sold this
holding after selling out the first pool
and before the formation Of the second
He agreed to furnish q, tabulated state
rnent of the transactions in these shares.
showing 10 whom they were sold, the
dates of sale and the prices paid
The witness manifested considerable
annoyance over the many questions re-
lstine to his books and the records of
the pool transactions. He said he was
not z bookkeeper. q remark which was
corroborated by Mr.. Mooney behind him
and admitted 10 be true by Mir Wolf.
His bookkeeper, Hendricks, who, Mr.
Keene said. had been in his employ
many years and whose first name was
either Q. H. or c H. he thought. vas
on hand 70 prompt his answers in re
gard 70 the books and records.
Mr. Keene produced for evidence
transcript OF his books covering the
pool transactions. the pool agreements
and a ledger known as the pool book"
but it was brought out that he had not
produced all the records and documents
in his possession dealing with the pools
ss demanded by the subpoena An on1ls-
sion was e letter from Fiske & Co, CIV
ing the numbers Of its certificates Of
stock IN pool No 2
Did YOU ever keep the numbers OF
the stock certificates held by the par'lci-
pants OF the pool Mr. Wolf asked
No said Mr.. Keene. except on De
oer1ber Q. when 1 asked members for
the numbers Of the certificates Some OF
them never gave me their numbers. but
Fiske & Co. after q long delay. gave me
theirs"
HIS PRoMISCUOUS ACCOUNT
Did vou give the numbers Of your
have you in your Office 10 show by num-
bers what shares you held
Il had q record for one day
Have you 4 record by certificate
numbers as 70 ro1Ir individual holdings
in this stock
No
Mr Keene said that his individual
holdings we're kept under the heading Of
general account, which. he explained
vas 4 proniscuous account including
9T sorts Of stock He emphasized the
fact that Re never had any transactions
ir Hooking stock except in the interest
Of the pool aside from his dealings nine
months ago
The hearing was then adjourned until
Thursday Al . 2 NJ
Hugh z Criss Of Roberts. Hall &
Criss. one Of the three firms which col
Iaps@d with the pool vas \ highly at
tertive spectator u the hearing M
Cr'ss vas = specialist IN Hooking stock
and executed orders OF the pool mem