Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-10-17
RICHARD ]. FOARD
SECOND ARREST IN
LAND CO. DEAL
Vice-President of Llewellyn
Realty Company Taken Into
Custody Today.
HASSELMAN, HEAD OF
FIRM, OUT UNDER BAIL
w. E. Gilmore Charges Attempt
Has Been Made to Defraud
Him of $4,000.

LleWellyn Realty Company, IN Whlcn
William E. Gilmore, a millionaire, of
West Orange, claims he lost heavily,
was made today when Richard j.
Foard, president of the concern,
surrendered himself. Foard was seen
on Market street shortly after noon
today by Thomas Beet, a private de-
tective. who held a warrant for his
arrest. Beet accosted Foard and the
latter stated he was willing to visit
Matthew J. Ready, counsel for Gill
more.
Following a conference with Mr..
Ready, the prisoner was brought be-
fore Justice of the Peace William H.
Smith, at 103 Market street. Attorney
Ready asked that the proposed bail
of $4,000 for Foard be reduced
81 have talked this matter over
with Mr.. Foard, who surrendered
himself in my Office today" declared
the lawyer, and | wish to make it as
easy as possible for him. 1 ask that
you cut the bail In half and make it
$1,000. If agreeable to you 1 would
also ask that his daughter be allowed
to go on his bail bond. She has an
equity of at least $1,000 in property
at Glen Ridge. 1t has been impossi
BILE to get in touch with her by tele-
phone, and l would ask that you send
a special officer with Mr. Foard to
notify his daughter that she has been
named to go on her fathers bond =
May He "Star. witness.
From the efforts of Counsel Ready
to make it easy for Foard, and from
what was learned later, the vice.
president of the Realty Concern prob
ably will be the star witness for the
complainant when Frederick r. Has
selman, president of the concern, now
under $4,000 bail on the same charge,
is brought to trial 1t is said that
when Foard learned the employees"
he had been confidential with for six
months were really private detectives
of Gilmore's, the prisoner decided to
aid the prosecution as much as pos
sible and thereby earn clemency for
himself. Foard made no statement
when the complaint was read to him.
When the arraignment was over he
thanked the Justice and left.
Foard lives at 80 Chelsea place,
East Orange, with his daughter. Miss
Marie l.. Foard. He was placed un-
der arrest when he left his home to-
day to visit a business associate In
this city He learned of the sensa-
tional arrest of Hasselman at the club
last night, and, notwithstanding the
fact that he and Hasselman have
been friends of years standing, is
said to be ready to aid the prosecu-
ton. Other arrests are expected to
follow within a short time.
1t is claimed by Matthew j. Ready,
counsel for Gilmore. that the latter's
total loss in financing the Llewellyn
Realty Company amounts to quar-
ter of million dollars. He aserts
that the tangible losses aggregate
S190,000.
The complainant, Gilmore, has been
a partner of Thomas A. Edison in
several enterprises and is reputed to
be worth $4,000,000 He asserts that
Hasselman and others schemed to
defraud him of the $190000 he invest
ed in the Llewellyn company, which
has proved a failure.
Arrest HasseIman.
Thomas Beet, a private detective,
who has been working on the case
for the past six months, arrested
Hasselman last night in the latter's
comfortable quarters in the Country
Club. at Hutton Park, West Orange.
The defendant was taken before JUS
who fixed bail at $40, 900. Hasselman
waived his right to a hearing and
the matter will go directly to the
grand jury. Former Assemblyman
H. Stacy Smith and James f. Kelly
gave bonds for $4,000 each.
The Llewellyn Realty Company was
Incorporated two years ago by Has
selman, as president; Richard j.
Foard, president. and Charles e.
+, Thorne. a local attorney. Foard
is named jointly in Gilmores com
plant, which Tds drawn up by his
counsel Mr.. Ready.
Gilmore asserts that he put $780,
600 in the concern and is unable to
find any tangible assets of the con-
Germ at present. He declares he de-
manded that he be shown the books,
but Haselman and others refused.
Gilmore tlso claims that the concerns
books have been destroyed.
Engages Detectives.
Half year ago Gilmore engaged
private detectives to Investigate the
methods of the men operating the
concern. The detectives have made a
number of affidavits in which they
swear they acted as dummies on the
payroll, but received burt a small
amount of the sum charged against
the company for their alleged serv-
ices
The complainant also declares in
the dealings of the company, prop
erty was recorded as bought and sold,
but in reality no transactions of the
kind took place The specific COM
plant charges that on November 10,
1911, and other dates up to April, 1912
Hasselman, as a director and officer
of the concern, diverted $4,000 and
other sums to his own use, in VIOLA
ton of the crimes act.
Failed to Enter 100000.
The defendant is also charged with
having failed to enter $4,000 he re-
ceived on the company's books and
that he destroyed. altered, mutilated
or falsified the books of the concern
Both Hasselman and Foard are
charged Jointly with having circu-
lated false statements and forming
scheme to induce Gilmore to put
$780, 900 in the corporation.
As a result of the affidavits made
by the detectives who have been
working on the case, counsel for Gill
more has a mass of evidence prepared
for the grand jury.
A complete denial of the charges
is made by Haselman. On Tues
day his effects at the exclusive club
were seized to satisfy a judgment
obtained by Gilmore. This levy was
made to humiliate him, asserts Has
selman.
For some time both Hasselman and
Gilmore were fast friends and mem
hare IF tho ca mo cItfh The Judgment