The sun., 1910-02-15

f6teIi you anything about the pools, but
khis has nothing to do with 1t"
This Is information connected with
the pools.' said Mr.. Wolf.
! mo, il amt" said Mr.. Keene quickly.
The commissioner ruled that he was right.
! Mr.. Keene said that his interest In the
second pool was 1000 shares. but he
couldn't remember without the records
what the others had agreed to take.
When asked IL the records would show
what each had he said. Undoubtedly, for
We had to divide the stock bought in pro-
portion to the contents OF the paper
when you bought stock who decided
what each would take2'
-If we bought 1000 shares we appor-
dioned it among the 10000 as quickly as
I'VE could. Sometimes Mr.. Haskins did 10.
sometimes did. didn't make the pools
np, you understand said Mr. Keene.
-Haslxins made them up
Through what firms was the stock
hcquired?"
II a great hardship on a broker to have
his name involved. just go on as long
as you can, though. won't object.
Mr.. Wolf asked IL Mr.. Keene would
permit the expert accountant employed
fng to the pool transactions ana MIR.
Mooney replied: ~.
-Mr. Keene is willing to testify accord
Ing to law. but he is not disposed to allow
fhss9 Jearned gentlemen to roam at will
N~f'.exiven you transcript of my books
showing the transactions. said Mr..
Meme. II. il il necessary to prove them
~ my books am willing, but I arm not
goin9 TO. allow, you 70 prowi over my
.Do these transcripts Of the account
show your individual transactions?'
FNobody asked me for that"
f-Mho suggested forming pool 2?'
. think it was Haskins Probably
eSH pool / out in March last and told
th&kn would NO longer manage
8o whom did you tell itl"
b all VI them I told them the stock
mereheld the price too high and that l
didn't want to manage IL any longer.
lid them SEQ vas too high for the stock
oAAM<unlnt OF it's. repeated advance.
gave them all their money. but they
thought they knew more about it than
] did and went ahead with the second
Mf.. 'Keene said he had no interest in
the first pool except as manager. so far
a. he could remember, although the books
might allow that he had.
AT Che time OF the collapse did the
pool have any stock?
ssbfes, 10000 shares. 1t was acquired
amer the other members with great de-
termination wanted the stock bought
back. They wanted IL bought back at
any. possible price. | didn't want it
though. They bought IL between the
time OF the two pools"
Mr.. Keene said that every transaction
Gafried itself. The stock was sold 20 the
members for what it was bought for.
Hs said ehe sent notices to Lathrop, Has
= ne To hrvN a All
bopght was to be appoItioned.
y ,sHave you produced all the contracts,
al suceorraspcndence and all books OF ac-
count in court today"
-s-I was ordered by my lawyers to have
transcripts made OF the books. ! have
eadeavqred in good faith to perform that
diity, There, arr. no contracts except
the original agreements. The hest evi-
denoef that the agreements remained in
force Is that they bought the stock and
1rAiE keens said that he started out to
keen the certificate numbers OF the stock
held BY the pool members. but finally
veit up--
rDid You deal in any of the stock at
any time as yocr own agent?'
mo, the only exception might be that
during the friction in the stock ! might
hare bought or sold 1000 or 100 shares. y
s sFo' YOURSELF"
-For myself and friends, but always
1909 traded for myself in such an in
copsequential way il is not worth men
tiahipe. In nine months 1 bought 1850
ehisres. and sold 1000 in addition to the
Eiibl That's all the stock I bonght and
gelA yfhile / was messing around In this
slsut IL was for your individual ACCOUNT"
-It,s So incopseuuential. think ]
Bought II FOR friends Of mine that wanted
70 p1t in for little Bit"
s.While MF. Wolf was preparing for the
next question MIR. Keene said
:I,d like to talk about that pool when
sold 1t out. l. think that was a great
stroke OF mine. They made $4,000.
bat they. were SO greedy and thought
they could make so much more money
that. by .Ioyel they thought they could
buy the stock at any price and win Now
they are all hel)yaching." as
syAr. Keeness examination was djourned
to Thuredsy afternoon, whsn he will pro-
dnce further books and papers wanted.