The sun., 1919-05-16
GOULD BROTHERS
WORKED TOGETHER
Frank Participated in Transac-
tions With George, At
A.
a torney Says.
CHECK SIGNING SHARED
Loans to Railways and Fuel
and Iron Company Ex-
planned in Court.

The argument in defence OF George J.
Gould. delivered on Tuesday by John B.
Stanchfleld in the course Of the proceed
Ing brought by Frank Gould and the
Duchess de Talleyrand for the removal
OF George Gould as executor and trustee
of his fathers estate. had the support
yesterday Of another argument by Will
lam Wallace, Jr.. personal attorney for
Mr.. Gould, and who. in the undress
phrase Of his profession, has Slept with
the facts and figures" for the last half
dozen years.
Mr.. Wallace is a member of the firm
of Chadbourne. Rabbit & Wallace. who
have represented George Gould ever
since the death Of Judge John F. Dillon,
who was Jay Gould's advisor for years
and who drew his will The gist of the
argument made to the Supreme Court
yesterday was that Frank Gould is not
the man to charge mismana cement
against his brother, because he partici-
pated in most of the transactions OF
which he now complains and signed more
than half the checks and other docu-
ments representative Of the transactions.
II desire to call the courts attention"
said Mr.. Wallace at the opening OF his
argument. ito the fact that Frank
Gould's charges are embodied here in an
afhdavit not made by himself but by
his attorney, Walter B. Walker. on in
formation and belief. Every other COM
planning affidavit supporting the one put
in by Frank is made also on information
nd nj ~ fhAv hxr of 10
no outright paper in the preceding en-
cept the affidavits of George Gould.
which are sworn to by him personally.
J. don't question the sincerity of the
other affiants, not even Mr.. Walker, but
in his case, since Frank Gould was his
informant. I can say only that he has
been pipe dreaming"
Mr.. Wallace went on to say that when
Franks attorneys dwelt upon various
transactions in which money of the es-
tate had been loaned to the Missouri
Pacific and the Wabash railroads, to the
international and Great Northern. to the
Colorado Fuel and Iron Company, and
the Manhattan Railway Company, they
had neglected to tell the court that
Frank had taken an active part in all
these transactions and had signed con-
SCENTS to the loans. And in regard to
the AFFAIR known as the -Waba sh
syndicate, he said, Frank had not only
taken part. but had suggested to his
brother that the estate back the syndi-
cate with its funds.
TN the Colorado Fuel and Iron loan"
declared Mr.. Wallace. I'VE find his name
on a check for s1.474,142, representing
estate funds. This was quite proper for
the estate. which was heavily interested
In this company. had to come to its res
cue to save II from a receivership. But
this check is only one OF 1850 checks
against estate funds on which Franks
nA-ne appears. In the large issue Of
whether there has been lack of good
faith and peril to the estate. of which
he Is life tenant, he has no rightful
place before this court"
Mr.. Wallace stated also that Franks
name appeared on the checks because
George had felt 1t proper that he take an
active part in estate management and
had served notice on the banks where
estate funds were kept that. although
Frank was not an executor, the banks
might honor checks and drafts drawn
by him. The days argument was con-
cluded by the reading OF a letter from
Helen Gould Shepard to the Duchess de
Talleyrand,, which asked the Duchess's
support to loans made to estate prop
critics because our fathers desire in
these matters" should prevail
Mr.. Wallace's argument consumed
two hours and further argument in the
proceeding will be heard to-day Jus
tice Whitaker told Mr.. Wallace to take
all the time he needed. because so much
publicity had been given to the charges
against George Gould that 1t was only
fair that facts in his defence should be
presented at any necessary length