New-York tribune., 1910-02-22
C0N1RADICTSKEENE
BROKER TESTIFIES IN
FTSkE HERRING.
Market Operator Declares
Hooking Stock Sold Be
i0nged to His Clerks.

James Il. heene testified at his third
public hearing yesterday that he car
ried e number OF small accounts in Co
lCubus and Hooking Coal and Iron
stock for friends. q great many women
and great many poor people" as he
EXPRESSED il. who could not stand the
loss of penny. but were glad to get the
profits" The witness was being exam
med again hy Ralph Wolf. counsel for
the receiver Of J. NJ Fiske q Co. one
or the Stock Exchange houses which
failed with the collapse Of the Hooking
pools. - which Mt Keene ves man
acer
When I bought stock for anybody of
that kind" said Mr. keene, Il made IL
& rule 10 have il put down in my books
TO my account In this way there was
never any debt against them for il the
srock went down [ would pocket the
loss and # II went up I would hand
them over the profits. This l was gen
orally able TO do"
The witnesses bookkeeper was present
in Commi ssioUer Alexander's room in the
Federal Building TO help him reply TO
the questions involving his books. But
almost as much difficulty developed as
on last Thursday. when the bookkeepeT
was absent A record Of M keene's
individual transactions in Hooking stock
vas produced. showing that between
March. 1888 and December. 1909. he had
SOLD 200 shares and bought 9.1eo. an
excess Of ! 4u0 shares purchased
r understand said MI Wolf. that
o.r January II. f9 and 20 you did not
seu any Hooking or give any orders for
ITS sa.e Is that Correct?'
None whatever.
A 5he last hearing you testified that
81 ehe 1ine Of the collapse you held 800
shares OF the stock
i vas wrong about that The books
sn--v rhat I had 1859. I never had any
-tss while the pools lasted"
and in the pools you had7"
.-Sixty-0ne hundred shares"
WANTS BOOKKEEPER TO TESTIFY.
-he difference Of 1850 shares, Mr..
a=ene said, constituted his individual
lr.dines. and IN corroboration he offered
- evidence the statement showing an
excess Of l 500 shares purchased in his
Individual transactions. He couldn't
say when tr1e extra 40 had been sc-
e..red. and asked that his bookkeeper
t- permitted 10 testify But Mr. Wolf
vas unwilling, and the witness cried:
BUl what would / know about 30
srares9~
NJ Wolf tried another tack.
Nov a. the last session. said he.
-rs-r records showed a shortage Of 900
shares n your transactions in Pools l
and Have Kou traced that out?'
This was one Of the points that Mr..
Ne-le had promised last THURSDAY
would De explained al the next hearing.
Bl- II required number of questions
-5 81 -he explanation which the book
keeper whispered 10 him Nj Wolf had
q. point out 10 him that Oh January u
-l- --e0rds showed that the various
--4rnl,ars OF the pool We're long OF l5--
7na shares. but that he as manager
had delivered only 12,7No shares. His
REPEATED questions however. failed 70
-...- "a hat he considered satisfactory
reply
DIG You give any orders 10 Mr.. Has
E--s on 1ne last days OF the pools
asked NJ Wolf
8Ir. heene at first said no" but i'm
.uel5steIy afuerward qualified his an
sz-e-. SAYING that he had told Haskins
,a order the members OF the pools 10
stand ready 70 take up their fun aliot-
u-rts of stock 70 complete the pools
A. manager you didn't sell any stock
J1 those days."
7 CID nBt~
alr. Wolf read from The transcript OF
The witnesses books The designations OF
ra-.sus accounts entered there: No
-a.- 10. So No 100" .Ex-Century."
-Ex-Open.~ Hooking Pool EH-So'
$50. - ~To. I5.7 No. 200" Suspense
.Il. H. X anc Double Y
These are all little personal &C
counts said ae. showing where
bought STOCK for friends, paying the
losses and giving them the profits.
lI-. Wolf then asked for an Interrupt