The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-07-10
|.COME TO Defense
I OF EDWIN HAWLEY.
Friends Declare Attacks Are.
Made ON Him by Piqued
Spectators.
s.EExIN g HIS RUIN
Statement Is Eulogy Of His
Great Abilities as a Rail
road Man.

New York. July 9.--Attacks on Ed
In Wall Street and have been the ba'
sis for continued raids on the seouri-
ties OF railroads IN which he is inter
ested. An effort has been made to
create the impression that strong
financiers have been seeking to check
his activities In the railroad world
to prevent the system that he is build
ing up from becoming too formidable,
The raids have become SO persist
ent that friends of the inancier issued
thority, which IN many respects is one
OF the most remarkable ever given out
in the financial district. The state
ment gives a long review OF MFR. Haw-
ley's career in the railroad and tinan-
cial world. 1t recalls with regret his
cotton speculation with Daniel y.
Sully and the attempts that have since
been made by the enemies developed
at that time to destroy his financial
railroad world.
Spectators Are blamed.
The statement declares that this
movement was not conducted by prom.
inent financiers, but by spectators wh2
had not made as large profits as MIR
Hawley did in dealing In the securi-
ties of several railroad companies
At that time, the statement declares,
Mr.. Hawley had the financial support
of Mrs. c. r. Huntington, her nephew,
H j.. Huntington. and others with
large resources. The attack proved
utterly unsuccessful.
The statement then launches into \
eulogy of Mr.. Hawley's great abilities
as railroad man. and points out that
he has been vitality successful in his
undertakings and speculations. The
increase in his activities the report
says. developed renewed opposition,
chiefly from spectators who have not
been taken into Mr.. Hawley's conf
dence. and who constantly realize that
they have lost opportunities to make
substantial profits. The statement
goes very carefully into details as n
many of Mr.. Hawleys recent deals and
the identity of his hackers.
In regard 10 the recent break in the
Hawley stocks, the statement says:
BiE Finnncfers His Friends.
During the recent break in the
stock market, which carried down
sharply the stock of the Chicago and
Alton and the Toledo, St. Louis and
Western, the street heard nearly every
day that powerful interests were en-
deavoring to accomplish Mr.. Hawley's
financial ruin. Ii may be stated as al
fact that no such effort was made
Spectators and some others who have
not been as fortunate as Mr.. Hawley
in the accumulation of money and in
the establishment of a position in thu
railroad and financial world. set ON
foot all sorts of unpleasant rumors
Instead of the large interests beine
opposed to Mr.. Hawley, 1t is a matter
of record that most of them in this
city are financially Interested in one
or more of the companies In which he
us regarded as the dominant factor.
While 1t is altogether probable that
Mr. Hawley did not consult j. P. Nor
gan In the purchase of the Vanderbilt
and Kuhn-Loeb holdings In Chesapeake
and Ohio. the purchase of the Hook.
Ing Valley stock held by several rail-
roads In which Mr.. Morgan is pow
erful factor was conducted not only
within the latter's knowledge. but with
his approval and consent. 1t may have
been forgotten that Mr.. Morgan's firm
Is managing the retirement OF the
preferred stock OF that company,
Speyer & Co. are recognized as
the official bankers for the Missouri
Kansas and Texas Railway Company
and only this week made an Offering
VI SIo,VVV,OuV HolSS OF tlhC company
Jacob Fl. Schiff and his partners In the
firm OF Kuhn. Loeb & Co. are flnown
to be the genuine admirers OF Mr.
Hawley's ability
James Stillman and Frank A. Van
derlip both have substantial interest in
the syndicate which bought control Of
the Chesapeake and Ohio. Mr.. Van
derlip is director of that company
Mr.. Hawley is not only the moral but
financial support of William Rockefel-
Ter in several of his undertakings.
Get Attachment Against Sister.
The troubles between William and
Alan Hawley. stockholders, and their
sister, Jeanne NJ. Levee, took another
turn yesterday In the shape of an at
tachment against her for s19.S63, in
favor of the Messrs. Hawley on a
Judgment obtained on July 2 In Fair
field county. Conn. The attachment
was granted on the ground OF non.
residence, her residence being at New
Canaan, Conn.,. and was given to
Sheriff Shea.
I. 4 ~ +.