New-York tribune., 1910-07-30
MANY READY TO INVEST.
Continued from first page.

erty is to be disposed of at sheriff'e
sale, i'll part corroborated Mr.. McIn-
tyres assertions. He declared that In
the lest three or four months new ma
chinery to the value Of S25. 900 had been
installed in the plant. and that he found
on a visit there yesterday thirty or forty
men at work.
But all this, Mr. Browning pointed out.
had been done since the foreclosure pro-
ceedings We're started. He said that no
taxes on the property had been paid for
three years and that no interest on the
mortgage had been received far more
than year. On two previous occasions,
he asserted, this same plant had been
sold in foreclosure proceedings and been
| bid In by the officers of the concern. So
far as he knew 1t had never yet turned
out square foot Of product
| The Newark plant is described by
Browning as valuable property having
345 feet of deep water frontage on the
Passaic River and depth of 2s1 feet to
Riverside and Grafton avenues, Newark
The value Of the buildings and the ma
chinery he estimated at moro than
$3.50, 900
Mrs. Bull was in the Jefferson Market
court yesterday morning to press her
| complaint against Qualey and Corbett
who looked bit the worse for their
night in prison. It seemed that q cool
ness existed between the two defendants.
The court proceedings were brief. I'M
| mediately upon the arraignment of the
yo,~ie
dismissal from custody on three or four
technical grounds. Magistrate Krotel
denied the motions. The question of bail
came up on Mr.. McIntyres request for
an adjournment Of one week. Assistant
District Attorney Rice and Mr. Craig
asked that the bail be fixed at $50 900 for
each prisoner
Mr. Craig called Qualey and Corbett
Clever confidence men," and declared
that If the bail were fixed at low fig
ure both men would deposit 1t in cash
and run off. Mr.. Mcintyre urged that
$4,000 bail would be oppressive, and
Magistrate Krotel suggested that lit
tie more knowledge Of the f.zeS might
help him. That was Mrs. Bulls cue.
Il invested $4,000 OF my money In the
stock of this company" she said with
emphasis, handing to the magistrate
two checks, one for $4,000 and the other
for $4,000, both cancelled Il did 1t on
the advice and at the suggestion Of a
woman friend OF mine, q woman who is
famous and On whom I relied She in
troduced mo TO Mr.. Qualey and de-
scribed him to me as a mos. wonderful
man, with wonderful business. This
woman friend told me that there was
very little stock in Mr. Qualey's COM
pany to be had, but that she could get |
me some If wanted 1t. I invested first |
$4,000 and then $40, 600 more. The stock |
is worthless"
The woman friend referred to by Mrs. |
Bull is Mrs. Ellen Dunlap Hopkins, who, |
It is Understood, introduced Qualey to |
her on a Sound steamb boat bound for |
Newport. Mrs. Hopkins has another |
School of Applied Design in London, and !
is in that city at present. 1t is said. |
Several years ago Mrs. Hopkins came |
into prominence as great friend of |
Emile Grigsby, the young woman to
whom Charles T. Yerkes gave q, fortune. |
She acted as a sort Of chaperon and
sponsor for Yerkes's ward
She is said to have acted as something
of d sponsor for Qualey, for other invest
ors in the Magnesia- Asbestos Company
owe their introductions to "one of the
greatest chemists in the country as Mr
Mcintyre dubs him, to her. Mr.. Follis
his debt last night in cor
the testimony Of DR.. Satter-
white i'll court that he. Follis, had put
$4,000 in the company
IT understood that Mrs Hopkins her
self had an investment in the concern"
said he, though l never saw the receipt
for it, he added, laughing. "I went in
with a number of others to whom Mrs
Hopkins had introduced Qualey. But L
have paid really no attention to the in
vestment since then, having come to the
conclusion that It was worthless and
that my money was gone, and that was
an end of It. Now that Mrs Bull has
broken the charm, however, I shall GER
teinly stand with her"
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