The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-02-02
YOUNG TESTIFIES OF
PACT WITH NORDICA
Had to DO With 100000 He
Gave Her Four Years Be-
fore Marriage.
TOOK BONDS BACK LATER

G'orge ". YOUNG the banker. was
examined yesterday before Surrogate
Cohaiau in the proceedings brought by
the temporary administrator appointed
IN NV York state under the 1914 will
~ his wife, Nine Nurdica. to trace all
'ne singers property IN this State. Tho
examination was based chiefly on state
monts made by Mr.. Young as 10 his in
tcrest IN stock W tho Maine Sacuri-
les Corporation. q holding concern for
100000 worth Of miscellaneous secur-
ties and capita zcd FIR that sum
Mr.. Young swore to an AFFIDAVIT In
March. 1914. in connection with the
settlement OF the estate Of Mrs. Charles
T. Nerkes. that he had no lnteros, In
this stock and never did have" lie
testified last Saturday that he originally
owned all the stock held 10y the Maine
Securities Corporation and that before
her death Nine NOrdica transferred all
this stock back to him He said ycster-
day that his statement in the affidavit
was incorrect"
was II incorrect or was IL untrue"
asked counsel for the New York admin.
istrator
1T was Incorrect because was try
ing to tell the truth" said Mr. Young
The statement that | never did have
an interest I'm the stock should not have
appeared. An inaccurate statement Is
an untruth without intention to deceive
The statement appeared in an affidavit
Of about 100 pages, which was drawn
hurriedly in the library at my attorneys
residence, and I did not notice that II
was in the affidavit when signed it."
Mr.. Young then appealed 20 Surrogate
Cohalan for permission to I'll IN his own
way the history of the Maine Securities
Corporation. and when permission had
been given he said
Formed Dummy tompany.
TN 1905. some years prior to our
marriage. ! had made UP my mind
that the madame should NE properly
looked after in a financial way.
transferred enough stocks aud bonds to
her 10 warrant forming a stock company
with 100000 capital The stock was
held In the names Of dummies and
placed In an envelope In my safe, on
IL was written: TO be delivered to
Nine. Lillian NordIca In the event Of
my death My attorneys knew OF the
transaction At the time
~ became very III m 1906 and. be-
leving that was about to die.
NFHN - UlfSNFllNfI 10 my blll'e lbI the
>tock and turned the envelope contain
ing it over to Nine. Nordica. When (
recovered she gave back the envelope
unopened and | returned 10 to my safe.
ON July 20. 1909, the day We were mar
Iird in London. we executed an agree
ment to the effect that Il died first
The stock was to be madanes ahso-
lutely. and IL she died first II vas TO go
20 me. We thought Of putting Il i'm
l.tr. LODI 1,t.
would be unnecessary. The document
We signed accordngly constituted what
w,gu; Doe termed q Gen'lCmans agree
ner; between husband aud wife"
Became Hard Pressed.
NJ Youas said that In April 1918.
VaCu ne S,r,E was iu - ale druU.s (
'oN .n ir- N-u. and Day Bank and
N.s ~, .iug...l. hg BEGAN. pressed for
'rrG. .ud JOld Mime. NOrdica he would
iced "a h!pothecatc the stock at once
I.r % loan. Her secretary took the
,;ock TO Boston. where .hc was then
-'ngng. and she sent back the share
transferred 10 him. He deposited the
stock at once with \ : White 4 Co
for loan Of 100000. aud Oh Deem.
bcr 30. 1918. he had new stock Ger.
tlNcates made out TO him. He had the
certificates in court 10 prove his state
nent.
Following Mr.. Young's testimon,
that his wife did not own the 100000
OF stock he was asked how he hap
pened TO swear IN the Yerkes estate
proceedings that Mime. Nordica was 2
woman of substantial means" 'Sh'
was woman OF large earning capacity
and was supporting some of he9 owr
people" Mr.. Young replied.
II am prepared TO show that sh'
hadn't earned anything with her voice
for three years before her DEATH re
rorted counsel for the administrator.
When she left New York on he
worlds tour she insured her Jewels
for $50, 900" replied Mr.. Young .
should think in view of that fact tina
she might he described as woman
Of substantial means"
Mr.. Young recalled that when TESTIFY
ing on Saturday he forgot to say tina
in the property he turned over 10 IN
New Jersey administrator were hi
wifes monograph royalty contrac
and certain mining stocks, the latte
being of little value. Prior 10 he
death he sold some International Nicke
stock that she owned and deposite'
+he money in a bank, hut she dreN
against II for more than the amount o
the deposit He said he would produc
her banlSbooks at the next hearing o
Monday.