New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-08-07

HARVEY " SoRBErT
solute sincerity. and Of faith both N tf,s
commercial merits Of the Magnesia-As-
bestos Company and in Qualey.
There were several points which Mr-
Corbett wanted cleared up before he took
up The straightaUay story OF his con
nection NTH Qualey and the doings OF
ouaiey ard The company within his
knowledge The first was the way IN
which Mrs Bulls investment was made
and the question of how the money was
deposited and the bank account kept
The checks were made 70 my order
at Mrs Bulls request" he said "Qualec-
wanted the checks made TO the Mag
nesia- Asbestos Company, but Mrs Bun
said that If certain persons who had &C
cess 10 her books found out how she had
invested her money they would make
trouble for her. and she would have 70
withdraw the investment On that rep
rcsentation. QuaIey had her make tbs
checks in my name.
How the Money Was Used.
Il deposited the checks first in my
personal account with the Fifth Avenue
Bank Soon afterward, the money was
drawn out in checks for large amounts
and placed in the Night and Day Bank
to the credit Of the Magnesia.-A Asbestos
Company and in the First National
Bank. OF Hoboken. 10 the credit Of the
Stone Age Plaster COMPANY. From
these banks the money was drawn out
for the use of the company. 10 pay for
machinery. office expenses. payrolls and
other items that would come under the
legitimate expenses of the company"
Mrs. Hopkins introduced Mr.. ouaiey
to Mrs. Bull. did she not2'
Yes he said. That is right"
Did she receive any of Mrs Bulls
money for commissions on the sale O
stock to her. or did she get a commission
in any other form-stock in the company.
for instance"
She did not Mr.. Corbett replied
she received no commission of any
KIND. neither money nor anything else
practically every penny of Mrs Bulls
money was spent for the company before
we had any intimation that Mrs Bull
was in any way dissatisfied. Mr.. Corbett
continued And there is another story
that I want 10 correct. I did not offer
Mrs. Bull a note for $4,000 and four
monthly payments of $4,000 each 70 re-
turn her money 10 her
The truth of the matter IS that On
Monday. July %. at Mr. Lauterbach's re-
Quest. Mr.. QuaIey went to Mr. LauIer-
bach's Office and after being told that
Mrs. Bull was dissatisfied with her in
vestment said that doubtless some ar
rangement could be made for the return
or her money. He did not offer TO pay
back $4,000 In cash. but he said that
an arrangement could be made through
the other stockholders. as we did not
want the money of any one who was
dissatisfied.
Couldn't Talk, Says Corhett.
'rrhe next day went 70 see Mrs. Bull
N her apartments in the Warrenton.s
uhere I saw her with her sister. 7 made
no offer TO her az all. principally be-
,ause / was not allowed a chance to
speak I tried several times, bur ] scen
saw that it was a hopeless chance for ms
% try 10 talk. and went away
One thing Mrs Bull asked me was "
could name three reputable men who
we're interested in our company J told
her that 7 could, but I would not ]
e fused 10 do so. because J did nor want
ny friends dragged in The way ] saw
ha. I was going 10 be-
Have you persuaded many or yenr
riends 10 invest in the company
Yes" he said. "a good many We
rave about Atty stockholders. and have
never hesitated 20 advise my friends TO
,ut their money into the company. be-
.ause have absolute faith in It's merits
Mr. Corbett had come from an all day
Inspection OF the Newark plant with