Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-10-29
TELL OF METHODS
Of LOAN BROKERS
CONTINUED from First PaEeo

hearings In the East Orange District
Court. where efforts were made 10
collect on notes held by the company
the company losing in these suits.
Following n conference between MT.
Bradner and Mr.. Lehlbach it was de-
cided to ask for o severance OF the
indictment and have Miss Hyland
brought to trial first. There was no
objection on the part of the state 10
this being done,
The tale of high finance on the
part of the company and OF 'frenzled
finance" on the part of the clients
when they would sign ever increasing
notes rather than suffer garnishment
of the wages and discharge from
their employment came as soon as
witnesses were called to the stand.
The first witness was Harry d.
Osmun, now a policeman, out at the
time of making the loan from the
company in February, 1911, was en-
ployed by q railroad company. Os-
nun borrowed $50 from the company
and up TO the time of the arrests of
Crater and Miss Hyland, last April,
had paid back 500 on his 500 loan
pany about $40.
Charles A. Chase, of 1854 Hillside ave-
nue., Pennsylvania Railroad Com
pany brakeman. He had likewise
borrowed S55 about two years ago.
Between himself and mother he had
paid back 5000, but, according to the
books of the brokerage company, still
owed them 1854 Details of how from
four to six times the amount of the
original notes had been paid in in
terest were given by both men.
Osmun testified that he had made
three monthly payments Of $500 as
required in the agreement he signed
with the company, when he missed
a payment and was requested to call
at the office TO renew his Tote. He
talked to Miss Hyland and a man
he Aknew at that time as Mr.. Wells,
but who he now knows as Crater.
He pointed to Crater in the court
room as the person he meant.
They said he would have to renew
his note and leave security. Miss
Hyland suggested he leave his dia-
mond ring. which ne did, Osmun
The note he signed, like
ones, was blank, the
amount being filed in later, the wit
ness told Mr.. Van Blarcom ins
etIShEt " ~ tlutSllOH.
Receipts from March 7, 1911, to April,
1912, We're introduced by the assistant
as evidence after the wit
ness had identified them and what
they were for. Several for $500 came
first. Then one for $50, which he ex-
planned included a fine for being be-
hind in the payment. The next month
there was another fine and another
new note drawn.
"Why did you continue to make
when you knew you had al
ready paid more than you agreed"
asked Mr. Van Blarcom.
Because II you don't pay. Miss
Hyland said Wen file on you and
you'll be fired and as I had a good
job | didn't want to lose it." answered
Osmun. Two of the receipts shown
bore the signature Of "B. Il. Wells"
who is now said to be in Crater.
After Osmun's attention was called
to the fact that the receipts that had
been put In evidence did not total s210,
the sum he claims to have paid, he
said:
Miss Hyland, one day when I com
planned that / was fired of paying
and showed her the receipts, grabbed
them from me, saying. You don't
need these She then tore them up
and threw them into the basket. They
amounted to about $50"
Before starting his ss-examina -
ton Mr.. Bradner asked the court to
excuse the other witnesses in the case
from the courtroom. Judge Osborne
said there was no precedent for such
a procedure. but he could readily see
the desirability of having the other
witnesses away. so as to prevent con-
fusion of testimony. He granted the
request, and added that he hoped it
would come about that the same
practise could be followed in all cases.
Mr. Bradner's cross examination
went oyer the terms of the agree
ment and the dates that payments
had been made. Osmun said he had
signed Ave papers before he received
the $50 loan. He denied in answer to
g. question that he had bought an
automobile.
! Charles Chase. another railroad
/ man, told of practically the same
/ happenings in regard to his loan OF
/ s35. He had paid more than $500. His
mother had paid about s109 and he
! still owed Stall on the same loan
After I got started l never got my
| Indebtedness below $780," Chase de
clared. While he was still on the