The Daily Missoulian. [volume] (Missoula, Mont.) 1904-1961, 1910-04-02
JUSTICE OF NEW YORK SUPREME
COURT EXPLAINS DEALINGS
WITH BUCKLEY.
TALKS WITH HOTCHK|S(


New York, April l.-Justice Edward
r. Mccall of the state supreme court.
explained today his financial tran sac
tlpns with william II, Buckley. legis-
lative agent for the fire insurance
companies. After the days hearing,
Justice Mccall met Superintendent
Hotchkss of the state insurance de-
partment, and gave him a statement
that satisfied Mr.. Hotchkiss. Political
friendship accounted sufficiently for
the questionable aspect certain Incl
dents had seemed to wear.
Earlier in the investigation evidence
was found In the books of the Phenix
Fire Insurance company Of Brooklyn.
which induced Mr.. Hotchkiss to say
II looked as II Justice Mccall had been
a party to an attempt to deceive the
insurance department. The state emeht
first takes up the $4,000 check issued
to Buckley which the justice indorsed
with Buekley's name and dep sted on
his own bank account. Buckley owed
s31, 900 To the North American Trust
company, which he had borrowed from
the International Banking 4 Trust
company. When the International was
taken over by the North American the
loans We're called.
Mr.. Buckley. according to Justice
Mccall induced the Phenix To loan
$4,000 to him on the collateral held
by the North American company.
There was due balance which
amounted to $2.37l. with interest. This
amount Justice Mccall. who was then
Il practielng lawyer. advanced.
AS Buckley had to leave town. he
arranged that Mccall should receive
the $4,000 from the Phenix and take
up the loan. Mr., Mccall accordingly
deposited the $35. 900 check to Buckley's
order, In his bank. drew his own check
for $37.73l To the North American
company. paid the loan and secured
the securities which he turned over to
the Phenix AZ surety for the new loan
OF $4,000.
Gets the Money.
Justice Mccall then takes up the
matter of the $4,000 check. Buckley
had borrowed $4,000 from the Phenix
on February 49, but Justice Mccall
says he had no knowledge OF this loan.
Buckley went to him In December,
1900 and asked him for $34G to pay
interest due ON "A loan, He got the
money. On January IA, 1901, Buckley
again went to Mccall this time for
sl2.96s. and again got the money.
my only interest in the entire sub
ject" says the justice. was that
friend was In need of money; | had
him on January %, 1901 Mr.. Buck
ley paid me back $4,000 OF those
advances by giving me the check of
the Phenix Insurance company. | beg
to advise you that | never In my life
had any connection or relation with the
Phenlx Fire Insurance company"
Aside from the statement Of Mccall
the interest of the day centered upon
Stewart Browne. private banker.
promoter and self styled devil" of the
international Banking a. Trust COM
pany, who proved fluent, daring and
adrolt witness. Mr.. Browne. who
called himself Il "woodshed lawyer
that IL, lawyer of knoledge. but with
no right to practice-made no attempt
to conceal that he and Justice Mccall.
then Il practielng lawyer, had drawn
up the papers TO incorporate the
American Bond a. Mortgage Guarantee
company, the paper Of the International
In IA way designed In conceal from the
legislature. Governor Roosevelt and the
people, the true purpose of the bill
He conceded heavy charges for "furni-
ture" on the books of the company
covered expenditures not explained,
that the company's directors were
frankly dummies. some OF them named
to give the bin local color" at
Albany and that he even owned some
Of the stock that stood IN these d.
reetOrs names,
Names Appear.
As soon as the new corporation was
on It's feet, the names OF Edward Me-
Call, Buckley and State Senator Louis
T.. Goodsell appeared on the books as
owners of 100 shares each worth $45,-
600 In all, Mr.. Browne Insisted each
Of these three had paid for his stock.
Furniture for the International was
costly, The report OF the committee
to the superintendent of banks, dated
December 81, 1899, showed an item of
$2s0S5 for furniture and fixtures"
The books OF the company showed
$6,642 spent for furniture.
Later another entry of $4,000 for
furniture" was discovered, authorized
In January, but dated back to Decem-
Der Browne explained In this in
stance furniture" represented expenses
OF organZatl lon