New-York tribune., 1920-11-21

y
preparing to defend the town.
be My services in procuring for him
a loan Of $1O0 600"
Mr Sands-Yes. sir
The Chairman .Who did you think
the notes We're going to be made pay
aole to-
NJ. Sands thought the payments
were going to be made in cash. | did
not know that notes were going to be
given
The Chairman-How much did you
actually receive from Mr. Downey?
Mr.. Sands think got 100000 alto
gether.
The Chairman Why didn't you get
Mr.. Sands-Bccauae Mr.. Downcy
raised such kick about it that re-
bated we'll. gave him bacll one note,
and agreed to rebate five more
The chairman-And five more notes,
do you mean?
Mr.. sands-No; $4,000 more That
would bring it down to S25, 200.
The chairman-You discounted one
Of them at the Tacoma Park National
Bank for $4,000?
MI. Sands Yes. sir.
The chairman When did you dis
count that first note?
Mr.. Sands | cannot recall the date
when i vas discounted.
Would Not Take Money
The. chairman-Y Sou state here that
YOU never did agree that the compensa-
tions were IN anywise the result of
your efforts in procuring loan from
your bank?
Mr.. sands-Yes, sir.
The chairman reading g)-"Because
the real effect is that the basis Of the
represented by the $4,000 was our
service in procuring from the Shipping
Board, through my connections thereto,
tho contract with Downey or his cor
poration"
Mn, Sands Yes. sir.
The Chairman-HoW much money do
you say Mr.. Polling got as the result
Of this transaction
Nh. Sands | do not think Mr.. Boil
ing cot any Of that. That is what I
wanted to state, but did not say it in
there pointing to the form Of aft
daviD. do not think MIR. Boiling got
any oil tha, money.
The Chairman Why didn't he get
it, Mr., Sands Because he would not
take it,
The Chairman And ne never knew
,hat he was TO get it, did ne? Mr,
Sands-Well, suppose ne expected to
get it.
The Chairman Oh, you suppose. bu,
what do you know about il? Mr.. SaQds
! DO not know.
Promised Fart OF Fec
The Chairman-W pnythlre ever
SAID that he was 20 receive any money ?
Mr.. Sands We'll, cannot say that
there was.
The Chairman And you did not
promise him any
Mr.. Sands-I think promised him,
sure that he would get bis part of the
fee when We got The money.
The Chairman What did he say?
Mr.. Sands-E do not recall his con-
veYsation now.
The Chairman Well. if he got no
money how came it that you said IN
this document which you We're asked
20 sign, alt was always understood -
Mr.. Boiling and among Us that Mr
Boiling Vas to receive $3.50 from the
proceeds Of the discounts Of the notes
but for some reason he became worried
and did ROT acceJt the balance OF the
So 250 stil due. mad IN the mean
-ime advanced to him N different sums
approximately $500"
Nr. Sands That is correct.
The Chairman Which is correct
row. what you say in rhis paper OF
what you have stated hero to uso
M Sands What | put tncro j.
correct
The Chairman How did you give
him 81 500?
Mr. Sands l gave him as q loan, "
- that time, about $3.50 or maybe
$500
The Chairman IS d loan?
Mr. Sands N.s sir
Did Not Take Il Note
Inc Cnairman-Fr the proceeds
&C tire money
.Nr. Sands Wcli, do not know tha+
wa from toe proceeds Of that money
but 1t was money | gave bm out Of my
own money.
The Chairman Did you take note
from h'm for it?
Mn, Sands 30. SIR.
The Chairman-l on know him pretty
we'll, didn't you, to let him have 81 ,so'
without any note or security for it?
Ny. Sands-Yes, sir
The Ckairman-D you let Mr. Sislc,
nave any money that way
MIR Sends let Nh Sislcr have
I loaned one Of his companies that h
vas in. think. $1,000, and ! think
gave him about $4,000 cannot sa,
actly.
The Chairman What kind Of com
pany was IT.
M Sands 1t was gravel company