The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-07-17
WIDOW HAD 100000
IN FRANKLIN CANDY
Mrs. White Of New Haven Tells
Of Dealings With Accused
Concern.
WERE so ACCOMMODATES
Sister Refused TO Be Second
Great Financicr in One
Family.

Persuaded that she was making a bust
ness coup which would more than double
her fortune In n few years, Mrs Mary
Ann White. widow OF New Haven,
Conn, traded national bank stock and
other valuable securities for about 500
600 of stock in Franklin's. Inc. a candy
making concern, which. according to the
Federal authorities, was organized few
years ago on few INFESTED candy for
mulas and little capital
Mrs. White. a rather active woman for
her seventy-nine years. told her story yes
terday To Judge Russell and Jury I'm the
United states District Court, where FLOYD
N. Franklin. president OF the Franklin
company Nova Adolphus Brown a
broker; Thomas =. Cowhey and others
are on trial for fraudulent use of the
mails I'm the sale OF about $3.50 600 OF the
stock Of the Franklin company. The wit
ness said that only the week before the
start OF Tho trial Franklin called on her
and induced her to sign statement OK
pressing her entire confidence in the
scheme
Mrs. white said that the man chiefly
instrumental in putting her on the road To
fortune was Cowhcy. He is large. fiorid
man OF ministerial mien According to
Mrs. White. her first meeting with Nova
Brown and Cowhey was when they
dropped In 10 see her IN a social way"
as they were passing through New Haven
II wasn't a business call at all
Wasn't there anything mentioned about
purchasing stock" asked Assistant United
States Attorney Kenneth NJ Spence
Well admitted the witness reluc-
family. there might have been. But the
gentlemen were so accommodating after I
bought the stock. Knowing that | wanted
To leave 1t to my dead husbands nephews.
f.,.
drew up codcl to my will >beaueathing
the stock as | wished. The codicil con-
| tained provision that the stock was not
To he sold for three years after my death"
In response to a question from Mr..
Spence the witness said that the lawyer
whom they brough: to see her was a Mr..
Lewis of Jerome Rand & Kresel. former
District Attorney JerOmc's firm.
Among the securities which Mrs White
said she handed over to Brown and Cow
| my were stock In the Missouri Pacific.
! Adams Express Company. United states
Rubber Company, the National Dlcto-
graph Company and the First National
/ Bank of New Haven. Conn, together
with some bonds of ,he Adams Express
| Company. These securities, Mrs White
said. were sold by Cowhey and Brown
and most OF the proceeds devoted to the
purchase OF the Franklin stock part
| OF the money was returned TO her. she
sdlu, nut III" investment amounted to
about 100000.
Al various times. Mrs White said. the
company s"nt her tempting boxes of
candy. represented to have been made nj
!ts factory In Long Island city. one OF
these boxes, she said. was sample OF a
new brand which the company wanted
her to name. She declined the honor
Mrs. Whites sister. Janet g Har.
mount, also of New Haven. followed her
| to the stand and told OF the unsucccss-
full efforts of Cowhey and Brown TO get
her 10 invest all of her money In Frank.
Inns. She said they advised her to do as
her sister had done--sel all her securi.
ties and buy candy stock-but she told
them without mincing her words. she
testified. that she thought the schem,
was swindle.
Cowhey, this witness said. expressed
horror at her denunciation and regretted
that she was not as far sighted as hei
sister.
"Gf she We're n man" Cowhey is quoted
by the witness rs saying. "she would b,
n second j. L. Morgan"
To this Mrs Harmount replied tina
zone great financier was as much as am
single family should hope for
The trial will he continued at 10 -
tomorrow morning