Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1910-08-26
STON-AGE PLANT
VALUED TOO Low,
CLAIMS MANAGER

Continued from First Page.)
kilowatts and other electrical machin-
cry
Its value?"
From $4,000 to $4,000"
what else?"
"a Watts Campbell engine on a con-
crete floor and also two smaller en-
gines worth 81, $780,"
Tells other Values.
Besides this" he added, there is a
large sand drier worth $1,000, and a
smaller one worth So, $780,"
ANY other machinery Mr.. Beasley
wanted to know.
1.-TWO elevators and motors, costing
not less than $500 for the latter, while
the contract for the elevators called
for $4,000"
Then Jansan told about scales,
which he said were worth 81, 200, and
ten ''s~aturators'' worth a like price for
the. lot, while there were mixing tanks
that cost between $3.50 and $500,
"As to the gas machines and receiv-
ing tanks, he testified, they can't be
duplicated for less han $30,000 to $685.
000."
AS far as the pipes are concerned, he
could place no value on them at first.
hut when Mr.. Beasley persisted in get
ting some figure he said between 3d.
500 and $4,000"
Six steel tracks in the drying room
800 feet long were valued at 5000 to
5000, while two gas blowers were worth
$500 apiece al his estimate.
Janson volunteered that it must have
cost at least $55, 900 to build and equip
the gas room because it was lined with
brick.
Machinery Worth 100000.
After Janson had Identified a map
produced by Mr.. Martin and had
marked out for him the property
bought in by Browning at the fore
closure sale he testified that all OF the
machinery he had told of was on the
plot shown. Pinned down to figures,
he said the machinery was worth
$55, 900 t o $50, 900.
He was then taken in hand by Mr..
Beasley. Beasley had a hard time
making Janson understand his ques-
tions. Beasley wanted to show that
the plant as constituted today was
built solely for the purpose of manu-
featuring magnesia and It's by-prod-
ucts.
Janson could not understand the
questions, n repeatedly said Yes
it could be used for a number OF
other purposes"
According to Janson, it could be
used for a carpenter shop, a leather
tannery, part of 1t for a gas works
and most of the machinery could be
used for almost any purpose.
1t took half an hour for Beasley tC
get a direct answer to his question
that the plant was useless In it;
present state for anything except the
production of magnesia. The answer
desired came when Beasley asked
Janson, AT this minute could yot
produce anything but magnesia ant
plaster?"
Janson's answer was mo"
why didn't you tell that long ago.
cborused Beasley, Martin and Specia
Master Piper.
"Why, I didn't understand" said Jan
son. I'm its present condition the plan
is of use only for the purpose 70
which it was constructed. That is tn
manufacture of magnesia, plaster an
~by-products."
John A. Qualey was not present a
the hearing today. 1t is understood n
was In New York city arranging for
SIS, 900 bail bond, under which he wa
held following a grand jury indictmen
yesterday in connection with tn
alleged swindling Of Mrs. Mary Nevin
Bull Out of $35, 200, which h put int
the stock of the Magnesia-Asbesto
Il Comnanv. the narent concern of tn
Ston-Age Plaster Company.
George A. Hill, of 156 South Tent
street, a real estate dealer, was Gale
after lunch. He testified that in hi
opinion the value of the property oc
cupied by the Ston-Age Company wa
between $165, 900 and $185.000.