Evening journal., 1916-02-16
SALESMAN FREED
IN STOCK NIX-UP
Some Other Motive Than
Mere Settlement of Case,
Judge Remarks
PAID $500 FOR SHARES,
GOT NO CERTIFICATES


Fesler Sales Company, of New York.
There was an offer of restitution of
the money alleged to have been em-
bczzlod. and this was refused right
here in court. which would indicate
that there was some other motive
than mere settlement in the case
said Judge Churchman. There has
nothing boon shown that there was
a demand made on this man for the
payment Of TINS money
The charge against Mclaughlin was
that he had sold stock to William q.
Gallany and Clifford NJ. Stellc, both
Of this city. and failed to turn over
The money to the Fesler Sales Com
pany.
Nh Gallany said he had signed a
subscription blank for 100 shares OF /
stock and gave his check for 800, /
but failed to get the stock lie bought
the stock an January 2S
Mr. Stelle said he bought 100 shares |
on February and gave his check for !
500. but so far had not gotten his |
stock. David J. Rcinhardt appeared as /
counsel for Mclaughlin.
Joel Fesler. Of New York. presi- |
dent Of the Fesler Sales Company. !
Fsaid that Mclaughlin was employed
] two months ago to sell on % per ,
cent commission, and in addition to
the commission was TO receive a /
/ bonus.
Fesler admitted that he had loaned
money to Mclaughlin on several oc-
| casions He also admitted that he
allowed Mclaughlin 10 take some Of
tho money he secured from the sale
Of stock TO live on.
Fesler. in answer 10 questions by
/ Mr.. Reinhardt. admitted that he came
to Wilmington last week and CON
ferred with Mclaughlin before his
arrest.
Were you not afraid that you we're
going TO be deposed and Mclaughlin
elected in your stead?' asked Mr..
Reinhardt
Fesler said he was not Il was
brought out that Mclaughlin holds a
patent on a shaving brush and init
mated that an effort was being made
to get the patent away from him.
rs there not a big stock fight on
in your company asked Mr.. Rein
hardt.
mo, there is not?" said Mr.. Fesler.
"Mr. Reinhardt said that after Mr..
Mclaughlin was arrested Mr.. Fesler
went through his grip at the police
station and took out papers. Mr.. Fes-
|, Ter said that he had gotten permis-
sion from Mclaughlin TO do so. Nc
Laughlin said he would not allow mis-
grip TO be taken away
Fesler said that he spent a whole
night with Mclaughlin at the Hotel
DUPONT and that the latter told him
a number of things and that he
thought at the time he was drunk
but believes he was only shamming
After having him arrested at
8 o'clock in the morning he admitted
suggesting to Assistant City Solicitor
Lynn that he be examined as to his
sanity This was done and the man
was found to be sane. Fesler said
that he settled McLaughlin's hotel
bill and also gave him $40.
Mclaughlin when placed on the stand
said he was stock expert and his bust
ness was to reorganize defunct compan-
[ les. He said that he was engaged by
! Fesler at salary Of 500 week and
was TO be given a bonus of 81 in pre-
) ferred stock and get a commission of
3 25 per cent. on all sales of stock and re-
/ tain such other amounts as he might see
e fit to use. He stated that before start
ing work Fesler advanced him $50 He
e stated that q statement of how he
{ stood with the company was taken from
q his grip at the police station.
: Mclaughlin stated that when he
A turned in the stock subscription of Gal
lany and Stelle TO Fesler in New York
he said he was going to use the money
/. for promoting the business and that
Fesler told a girl in the Office to make
out the stock certificates for those men
=, Mclaughlin said ne only owed the com
!. pany S55 at this time. and that ther,
! ! were notes for 81 200 to 81 500 for stool
which would come due later on, wher
the company would owe him $500. Thes,
/, notes were given by local people. Me
!, Laughlin stated that he had turned il
as high as Sl0s,00O on certified check
= on other operations.
y He said that Fesler and DR.. p. w
u Tomlinson and DR.. W. A. Lightbourne
y stockholders in the company. took
!. dinner at the Hotel DUPONT last week
- that he was present and the affairs OF
the company we're discussed.
: Mclaughlin denied that he was in
toxicated at the time Fesler said he
choked him and tried to force nitrate
of silver down his throat
Mclaughlin denied that he wanted
10 become president of the company
but hat some Of the directors wanted
TO make him president He said thai
after Fesler had assaulted him hC
went to sleep and the next morning
he was arrested
Mclaughlin said that he was told
last night that Fesler wanted to see
him in Broad Street Station thi,
morning to compromise the case, bui
when he saw Fesler there the latter
said il was not true. The case wa:
enlivened by numerous lively Tits be
tween Fesler and Lawyer Reinhardt
Would you be prepared to place
5000 in the hands of the clerk of th'
court and allow Il TO remain there un
an a settlement can be made between
you and the company? asked Mr.. Rein
hardt. Of Mclaughlin.
"Yes," said Mclaughlin.
Would you accept this tender?
asked Reinhardt of Fesler.
81 am not prepared TO accept it,
said Fesler.