The New York herald., 1921-10-06

.sary for you to pay the large sum OF
money in order to get it?"
I'VE were not"
"Didnt Mr.. Lougheed tell you?"
'Tfe aia !"
'eIhai .eis did not leave you at any
particular point? 1t left you in a cer-
Tain directior? 1t left you headed in a
cortain d.ra tion:"
-here some mystery about IL.
"As to why there was that charger
II shouldn't say tie mystery was
about the amount o. the charge. The
mystery was in connection with why
the charge was necessary"
Mysterious Influences Dusy.
what were the mysterious ele-
uaents?"
Probably some one who had in
d.uence had to be-he could influence
the preference of the pier. because
that is all anybody could do. and
presume they would want compensa-
tion for their influence"
"It was necessary to find some one
with the necessary influence TO con-
troll the preference OF the pier; not
necessarily in the Dock Department
but some one who had influence in the
Dock Department."
"were you then informed or dc you
now know as to the name OF identity OF
nAe influential person whose services
were desiredT
NO.
: ..Did you make any inquiry Of
xougheed?"
mo. SIR"
"Did you make II a point 10 be WITH
out information on that sub5ectT
II did not ask for any information.
"Was that because OF determination
20 be left in ignorance?'
Possibly"
and though you had to pay high for
the pier. you were interested J. not
Exactly"
sHow did Lougheed speak OF this In
nuential person."
"As his friends with influence
'sThe payments to Lousheed were
made in several instalmcnts?"
'In two instalments."
'sI show YOU q check, No. 652, dated
June 5, 1918. against voucher No z.oil
TO the order of B. w. Lougheed In the
sum Of $4,000 and ask you II trat sum
was drawn by you and delivered TO MT.
Lougheed%
Eyes. that check was drawn by me
and delivered to Mr.. Lougheed.
1T offer that In evidence" M. Wall
stein said. This is indorsed h. W..
Lougheed. o. k Ernest Borgstedt' VINO
IL he?'
..He is the cashier Of our corpora
ton"
"ADd the check also Ia stamped
paid And Mr.. Borgstedts 0. X was
by way Of identifying Mr.. Lougneeo
signature, was 1t mott"
'Y cannot tell you that"
"And the check, by the pay stamp
.hows that It was cash over the counter
n the bank on which 1t was drawn
Then show you check OF Octoper 10.
1918. No. 1914, drawn against voucher
4zsb-A to the order Of B. W. Lougheed
in the sum Of $4,000 and ask you
whether that was paid to him.
That was paid to him.
THAT check for $4,000 dated Oc'o-
So TX 1918 Is offered in evidence"
"And this check. No. 3.5o3. dated
October Is, 1918. drawn against voucher
e2e drawn to the order OF Lougneeo
for $1,000 was also drawn by you ana
paid to him?''
Certainly"
pemand Loan Made for Pier.
.rhe voucher states For account OF
Temporary loan on demand $Sv'ooV'
That Is not correct, Is lit
.sIt was correct at the time. yea BIZ.
"IIow did II become Incorrect!
..3ecause at that time the pier hao
rot been obtained. This was q tempo
-srv loan made to him with the unaer.
standing that II the lease was optameo
the loan would be written OH ana ne
would not have to pay 1t. Ana the
lease being drawn, the loan was wr,stea
on and he obtained the szoovo |
-. .r ARRANGEMENT designed to give
.nrce security that we would not be pay
Sr~ money In advance and getting hotn-
To-, We owed Lougheed other money
- that time, and when ne came
through with the lease that was ior-
given" * ,a,s for
ss oo0 IA stated upon the voucher at
fached thereto to be for payment on ac-
count Of services rendered In connecuon
WITH p,er "a. Hudson River, New fork,
ns agreed. $5,ooo?"
'sYes. SIR" -
Making Two pay niehsS ~
$75.oco?"
'sYes, SIR"
"Exhibit zts, check a514. for $4,000.
A. stated upon the voucher thereto at
=, .h~a 10 be for temporary loan on de-
snare 81 s per cent. per annum $4,000!
Vrpr tbaf purpose afterward chansed!'
II could not say"
'-You do know. do you not. that the
books OF your corporation snow tnet
snet lnan also was forgivenT"
-ytr r-tll, whether II was forgiven IN
connection with the pier transaction or
rome other transaction I could not say.
NY best recollection 10 that $2b.oOo 10
tho amount paid for the pier"
Though you are not positive that
this 1000 carried upon the voucher
and the check precisely In the same
way as the $4,000 check was not also
mart of the compensationT'
ct could not be positive. but my recoi-
lection Is that II was not"
Holds Conference with Lougheed.
"You were subponaed TO appear be-
fore q subcommittee first on or about
September 90. were you not?"
II was"
After you had received that subpoena
and before you appeared before the SUBJ
committee you had talk with Mr..
Loueheed7"
''rIe came into my ONCE TO see mo
with reference to come business that we
have IN band in Ireland and smoke 10