New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-08-04
Must Tell To-Day Why He
Should Not Be Punished
for Contempt.
FAILED TO ANSWER
IN JUDGMENT CASE
Promoter of International Power
Company Accused of Con-
cealing Assets.

Joseph n. Hosdley. who was promo
Ger and president Of the international
Power Company, in whose stock he and
Joseph c. Letter. of Chicago. had a
pool that collapsed in 1902. is again
in supplementary proceedings on a
judgment obtained against him. Once
more Mr.. Hoadley must appear in the
Supreme Court to-day and tell why he
should not be punished for contempt
in failing TO answer certain questions
that were asked regarding his finan-
cial ability TO pay the judgment, which
is for $4,000 and is due TO Richard
son, Hill & Co.
Mr.. Hoadley has been in supple
mentary examinations before, but not
until the present proceedings has he
been compelled to reveal the names Of
the persons for whom he made extern
sive purchases of the international
Power stock before the collapse Of the
pool.
Counsel for the judgment creditor
asked Hosdley whether be was hold
er OF the stock in 1902. and he replied
that he controlled a great many shares
in his own name and others. He added
that he manipulated for the good of
many other people"
Mentions Well Known Men.
When asked who these persons were
Hoadley mentioned Richard Croker,
William c. Whitney, Andrew Freed
man, L. z. Letter, George +. Randolph,
Andrew Fletcher, P. A. b. Widener,
Thomas Dolan, William L. Elkins,
George S. Graham, Charles II. Cramp
and Edward S. Cramp.
Besides charging that Hoadley re-
fuses 10 answer certain pertinent ques-
lions, it is alleged that he is trying to
secrete certain assets so as 70 prevent
Judgment creditors from collecting
money due them.
Hoadley assured his inquisitor that
be was not insolvent. He is now head
Of the Americana British Manufacturing
Company, which is said to have made
large profits from :he manufacture Of
munitions for the Allies. He also is
president of the Cramp Hoadley Com
bany, whose business he would not tell,
saving that he conducted its affairs
from his home at Is East Eighty-sec-
pnd Street. His wife, Mrs. Fanny Cur
It's Hoadley, he said, owned all the
stock Of the corporation.
The original judgment in the case
was for S24,653. Part Of this was paid,
and it was reduced to S13,557. to which
wss added fine Of $3.50 for the ex-
pense TO which he had put his creditors.
For process servers alone the cost was
5000, and fifteen days in court by coun-
sci and the cost of drawing papers were
figured at 81, 500.
Failed to Return to Court.
Hoadley appeared for examination on
July 10, and the hearing was adjourned
until afternoon to give him time to
answer certain questions or refresh his
memory on some matters. Hoadley did
not return, but sent word that he would
either pay the judgment or appear for
further examination on August 2. He
Gid neither.
Counsel for Richardson, Hill & Co.
say that the assets they allege Hoadley
has secreted should be applied TO the
payment of the judgment, and they ask
for the appointment of a receiver -
lake charge Of these assets.
When asked how much money he
owed Mr.. Hoadley replied:
81 don't know. l have ample capac-
lty TO pay all my obligations. | have
ye.y strong financial friends, and can
make further loans and can borrow
further money"
To the question, docs your property