Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-05-19
r. c. VALENTINE, CHIEF DE-
PENDANT TELLS NEW vER-
SION OF STOCK SALE,
HIS STORY OF TRANSACTION
CONFLICTS WITH HU1BARD'S
Testimony Of Former Partners, as to
Why and How Stock Was Bought or
Sold, Very neutrality-suspicious.
Testifes Hubbard Told Him to Get
Out Of Consumers Company.

ertine and Wesley Martin for forcing
him to buy r. c. Valentines stock in
the Consumers Oil Company. Up to
noon today Valentines attorney had
put five witnesses on the stand to prove
Hubbard's allegations that he bought
the stock under threats of criminal
prosecution were untrue.
Chief among these witnesses was R.
G. Valentine. His direct examination
took most of Tuesday afternoon. His
cross mination occupied all fore
noon, and Valentine was still on the
witness stand when court adjourned for
lunch.
Testimony Very Conflicting.
R. C. Valentine, whom Ross w. Hub
bard is suing for $3.50 that he alleges
he paid Valentine for 63S shares of
Consumers Oil Company stock because
Valentine threatened to prosecute him,
was given his first chance Tuesday
afternoon to tell how and why the sale
of the stock was negotiated. Valentine
was in the witness chair most of the
afternoon. E. n. Farber one of HUI y
bard's attorneys. had only fairly we'll
begun the cross examination when
court was adjourned.
AS between the story Hubabrd told
on the witness stand and Valentines
testimony there was a wide difference.
Except that both witnesses testified of
the transfer of certain shares of Con-
sumers' Oil Company stock, their testi-
mony was very dissimilar. In fact so
different was their testimony that most
of no fn nv oft
would not have been recognized as be-
ing the same thing from the evidence
of the other.
Valentine Makes Denial.
Summarized Valentines testimony
was an emphatic and general denial of
all the substantial allegations Of duress
that Hubbard made in his petition and
while on the witness stand. According
to Valentines version of the negotia-
tons and sale of his stock to Hubabrd
was that it was at Hubbard's request
that he sold him his stock. Valentine
even went so far as to say that Hub
bard told him that if he, Valentine. did
not like the way he, Hubbard, had been
running his end of the business that
he. Valentine, had better get out
On the question Of threats OF prose-
cution, of which he is charged with
having used as club over Hubbard, he
denied it specifically and emphatically.
Misappropriation Charged.
What amounted to charge of mis-
appropriation Of the funds of the Con-
sumers' Oil Company was made by
Valentine against Hubbard during his
direct examination. Out of this cir
cumstance grew the trouble between
Valentine and Hubbard and the sale of
Valentines stock to Hubbard, Nalen-
tine testified.
Hubbard left on his vacation July .,
1918, Valentine testified. Valentine said
Hubbard had told him the company's
balance at that time was about $1,000
in the Iowa Savings Bank.
The day after Hubbard left" Valen-
tine testified. II got notice from the
Iowa Savings that we had an overdraft
of sos or s110.'
Valentine Finds Strange Checks.
Valentine said this was great sur
prise to him. After much effort, he
testified, he got Hubbard on the long
distance telephone in Minnesota.
Hubbard told me-" Valentine con-
tinued, that he could not understand
how there was an overdraft, and that
he couldn't account for it. He said he
would send some money. A few days
later he sent me $780,
Valentine testified the existence of
an overdraft started him investigating
II found checks made payable to the
First National and Marshalltown State
banks that could not account for. We
owed them nothing" was the witness
explanation of what his investigation
! developed.
He produced five of these for a total
| of s1,740 made payable to these two
banks The banks stamp on them
showed that some Of them, at least. had
| been paid in cash.
Some had expense vouchers at
tached. The notation on two Of these
vouchers was draft" indicating Hub
bard had bought or paid for drafts with
| the money. Another was for expense"
money for one Patterson. Valentine
said Patterson was salesman Of the
| company who had worked only a few
weeks and had quit before the date of
the check.
Demands Explanation.
| Except LOT the PATTERSON entry val
entine said he could find no other en-
| tries on the books Of what was done
with the money drawn on these checks
by Hubbard Valentine had previously
explained how, when he was absen,
from the city, he would sign checks If
blank for Hubbard to use for the bust.
ness, as the company's checks required
the signature Of both Valentine anc
Hubbard
II expected Hubbard would give {
satisfactory explanation of these
checks when he came back. But h,
didn't appear to want to or care wheth
er he did or not" Valentine testified IL
direct examination.
II was then Valentine testified h,
decided to get out of the business O.
buy Hubbard OUT
1t was Monday. Aug 4. Valentino
said, he went into Hubbard's office TO
final show down as to what Hub
bard intended to do. At about thi
time Hubbard alleges Valentine bega,
to frame up the threats of prosecution
and duress.
Il went into his Office said valen
tine, "and told Hubbard I wanted a.
explanation of this money he had take