The sun., 1917-07-03
TELLS
OF CANDY FINANCES
Minister Testifies at Trial Of
Treasurer Grinter for
Grand Larceny.
DOCTOR SANK $4,000
Defendant to Take Stand In
Own Defence
To-day.

The difficulties that oeset an eminent
minister OF the gospel when he under
took to put into practice the doctrine OF
the parable of the ten talents were ex-
emplihed yesterday by the Rev. Charles
". Parkhurst. ID. n. when he appeare
as witness before Judge Burt J.
Humphrey In the County Court Of Queens
County at the trial OF William F. Grin
ter. Grinter iF cnarge9 with/grand lar
ceny in acceI.lng a check FOR $500 in
payment for goods for the American
Candy Manufacturing Company. He Is
accused OF having converted the funds
10 his own use.
Mindful OF the Scriptural teaching
and Of the communication that came to
the servant who doubled his talents. DR..
Parkhurst had the design OF reasing
the SS3,0 900 he sunk In the confectionery
venture twofold. He told the court Of
this inteption in the course Of his exam
ination.
Lost Part of Investment.
But the doctor Jared even worse than
the servant In holy writ who buried
his talent In the back yard. for he came
forth from the transaction not only
minus his anticipated profits but like
wise shy the original investment. or a
very substantial portion of IL.
Grinter. the defendant. who takes the
stand to-day in his own behalf was
secretary and treasurer of the American,
Candy Manufacturing Company. His
Office was at Wall street, and the sugar
with which the financial fly was to be
caught was converted into the finished
product at 317 Hamilton avenue, Long
Island City. The company Is in bank
ruptcy. Persons in various parts of the
country. including DIR. Parkhurst. have
| lost considerable money In the venture.
It is the Grinter defence that the used
the 5000 that forms the basis for his
trial to pay the salaries of employees.
1t is charged the books of the con-
cern mysteriously disappeared about
the time the concern went into bank
ruptcy, so that the investors do not
really know how they stand.
| "I was q director in the company
known as the Franklin, Inc.," TESTIFIED
DIR. Parkhurst, The company manu-
factured candy and was going concern
The American Candy Manufacturing
| Company was organized to take ovei
the Franklin company. was Vice.
president and director in the new com.
pany. The capital stock was $4,000.
| 000."
DR.. Parkhurst said only one directors
meeting was held, at which II was or.
should be paid out by Grinter upor
checks countersigned by himself. The
doctor said he signed many blank
checks-sixty that he could recall--and
| sent them to Grinter.
Exchanged $4,000 stock.
He also testified he had $4,000 o,
stock in the Franklin company which
was exchange for stock In the new com
pany at n ratio he did not remember.
Then this American company" sale
counsel. was a company organized II
take over the going concern known a.
the Franklin. Incorporated, and Il haS
no assets excepting the bills payable L
that company and the stock II had OF
hand and what stock II could sellr'
THAT Is right. in part" replied tn,
witness. ut had in addition SS3.000
put in to pay the notes of the Franklin
company"
And what was the Giles Company p
asked counsel.
1T was a company organized to pro
tect my investments in the two com
panies."
You held ali the stock except wha
was necessary Cor the legal organization
of the company"
Yes, believe did"
And the Giles Company was givel
$4,000 of the capital stock of tn
American Company, was II not?"
Il don't remember how much II had
The doctor was shown four letters
bearing his signature. urging the Frank
lin stockholders to exchange their stocl
for american stock. In the letters tn
doctor said he had confidence in the me
recognising the company and that h
was going to give his individual atten
ton to II
These letters were sent out withou
my authority" said DR.. Parkhurst.
He denied he had filed In tn
amounts of three checks, one for 90
to N A. Brown, one for 5000 to Eo
ward c. Bodman. his brother-in-law, an
one for $4,000 to the Second Nations
Bank.
, He identified letter he had sent I
Mr.. Brown expressing surprise tha
Brown had Influenced Mr.. Grinter nc
to sign the check to Mr.. Bodman an
saying he had put money into the Yer
) ture upon Browns assurance that
/ would get double value in return. Th
, doctor said he had sent the checks
) Brown SO that he might have Grints
I sign them. He did not send them
Grinter
When asked II he was not the larges
/, Individual creditor he said that he di
E not know what was due other Investor
=