Evening journal., 1910-11-16

distinguished man.
Asked by Mr.. Nields II this we're
true. Nr. Kenney said It was partly
true: that he had given the company
some advice and had assisted in
changing the name OF the National
Stock Trust Company. but that he
took no active part in the affairs of
the company. knew very little about
its business and knew no more about
The fire insurance business than any
other lawyer.
Max Aronson. cloak dealer Of New
York city. testified. after objections by
the defense had been overruled, that
he had purchased 100 shares OF stock
Of the National Assurance Company
and identified two receipts for $500
each signed by Miss Feeney as treas
urer. He identified other letters an
nouncing that payments on stock were
due others signed by Lubliner. Rosen-
baum and Townsley. all OF which had
been received by him through the
mails
Paid SiOO for stock.
The witness said he had paid S4O0
for stock in the National Assuranc,
Company, he being Influenced by tho
representation that the company ha,
I. beeu Incorporated ax-a fire insurance
company under the laws of Delawar,
with a capital stock OF $1,000, 900.
The witness also testified relative
TO a newspaper circular in which 4
was represented that the stock OF tn,
company was then selling for $50 d
share. One of the publications was
known as the Commercial Journal and
the other the Mercantile and Financial
Times
Paul G. Norwag. of .Johnstown, Pa,
testified that he had subscribed for
twenty-five shares of the stock of the
company and that he had made five
payments. Letters received by the
witness relating to stock I'm the COM
pany were admitted as evidence.
A recess was taken late I'm the after
noon until s o'clock. and the hearing
was resumed with Mr.. Nowag again
on the witness stand.
Postofice Inspector John c. Koons
was called to testify relative to
whether Joseph A. Bruley was an
agent OF the assurance company Dis
trict Attorney Nields wanted to prove
that Bruley had offered to make Nor
Wag an agent Of the company.
Agent Had to Take Stock.
Norwag was then recalled and was
allowed TO tell of the offer made TO
nim by Bruley who told him he was an
agent OF the company and he agreed
10 take the agency Bruley told him.
however, that the company obligated
all its agents TO take stock. He ac-
ceded 10 the proposition and il was
then that he subscribed for twenty
1--WE shares Of the stock. He testified
that he was told the larger part of
tne stock was sold and that agents
were being appointed in all the
states. This was IN last March
Albert Polhemus, Of Nyack, n. Y.
gave similar evidence.
James Edward Barnes, Of North
W ales, Pa, OF the Commercial Jour.
mai. testified that inquiry was made
concerning the National Assuranc,
Company, and his publication sent
representative, a Mr. Frankford VIII
wrote the article which later appear
ed. He said Mr.. Lubiiner had o. X
the article. Lubliner. he~said. ordere
five copies Of the paper at fiftee
cents a copy.
Edward c. Graham, of this city, on
Of the incorporators, was asked b
hr. Nields il an obligation of A. Don
aid Marshall to subscribe for $99, "a
worth OF stock was one he (Marshall
rould keep and he said he did nc
taink SO. He said he had subscribe
for $50 worth OF stock but in answe
TO a question said he had not intende
10 pay for it, Witness said he kne'
nothing about the company
H A. Rosenbaum testified that h
vas employed as bookkeeper by tn
company and that he had signed Lul
liners name to certain papers at IN
direction of the latter He identifie
the signature OF MI Townsley I
transfers of subscription TO Messr
Kenney, Marshall and Graham.
Augustus Kipp told Of subscribin
for stock OF the company on represeI
fati0ns that the standing of the con
pany was good. There we're a numbe
81 other witnesses but they were nc
called.
Inspector Koons made a statemen
81 the representations Mr. Townsle
made to him relative to the manne
81 which the business OF hfs compan.
was conducted. Townsley, he said
told him that no stock OF the National