The New York herald. [volume] (New York, N.Y.) 1920-1924, 1920-10-12
A stntistician without Memory.

1Hdt dt tlfrleS ne mas been altogether
too trusting he indicated when Ferdl
nand Pecora, Assistant District Attor-
ney who is conducting the inquiry,
wanted to know some of the promotion
schemes from which Judson said he OBJ
tanned an income in addition to his bond
bubiness.
'I'd prefer not to answer that CUES?
ton" he said, "as don't care to add to
the story of how a fool and his money
are soon parted
Chief Justice Frederic Kernochan of
Special Sessions, who is sitting as
Magistrate in the proceedings sympa-
thized with Judson's sensitiveness by
ruling that he would not have to an
swer.
I've had a poor memory al! my life,"
Judson said in answer to Il question that
Pecora slipped in among lot Of others
regarding figures and profits. whereupon
the Assistant Dstr ct Attorney asked
him IL that was why he preferred not
TO keep records of his transactions. The
absence OF records seemed all the more
remarkable in view OF Judson's own tes-
t.mony TO his lifelong training and ex-
perience In accounting and statistical
lines. For many years, he testified he
was accountant and statlst'cian for the
old Board OF Railroad Commissioners
and afterward performed the same du-
ties for long time for the upstate
Public Service Commiss on.
Judson appeared I'm court escorted by
his counsel, Walter r. Herricls, former
State Senator. He was escorted liter
ally for. his counsel explained, in addi-
ton to his other bodily ailments that
had delayed his appearance at the pro-
ceedings. he has an eye malady that
has rendered him only a few shades
away from total blindness.
Judson Is close to Co. welt built. well
grooned. with thin silvery hair and well
trimmed nustache. He is married. but
has no children. He and his wife have
lived at the Plaza Hotel since 1907. he
testified. His scale of living. he said.
costs him about $4,000 a month, as he
travels much and entertains great
deal His hobbies. too. are expensive.
Chief among these, he told reporters. is
INCORPORATING He is commodore OF the
Motorboat Club Of America and presi-
dent of the American Power Boat AS
sociatian. both Of which associations
have their offices In 30 East Forty-sec-
ond street. where from the same quar-
tors he conducts his bond business.
Denies sharing Profits.
A large part Of the two hours' ques-
tioning to which Pecora subjected Judson
wns devoted to an effort to ascertain
why Judson sought so much cash in coll
lecting his profits on bond sales TO the
State At previous sessions 1t had been
shown that he obtained nearly 100000
In cash out of nearly 100000 profit
made on seven deals which F'anshawe
conducted for him in 1915 and 1915.
He said he thought 1t advisable soon
after the European war started to have
amounts OF cash placed where they
would be available readily. in view of the
unsettled condition OF financial affairs.
WAS that your sole reason for keep
ing large sums of cash on hand?" the
District Attorney queried.
THAT was my inspiration" the wit
ness replied. 1T was habit / got into,
apparently"
He repeatedly denied. as Pecora asked
him categorically about each OF his
eeven transactions through Fanshawe.
that any OF the profits he received had
been passed on to any one else. Most
OF the cash, he asserted. he placed In
safe deposit boxes. some OF them In the
same banks whore he had checking &C
counts. and withdrew IL as he needed
* He was hazy as TO the amounts so
deposited. being able 20 recall what he
did with less than half the cash received
The largest sum he remembered was
$4,000 of st23,000 cash payment
which he let remain idle for n year in
che vault.
1t suited his personal convenience Ia
20 TO the vault and set the cash TO pay
some obligation rather than sit down
and write a check. he maintained. He
was large purchaser OF jewlory, he said
but was not well enough known TO ask
some OF the jewelry houses to accept a
check.
The District Attorney wanted 10 know
why seven Of tho seventeen deals which
the witness had with the State Comp
troller were conducted 80 that Fanshaw'