New Britain herald., 1929-04-11
SHIPPEE ASSERTS
 GOVERNOR FAVORED GRAND JURY PROBE
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latter part of his testimony Hickey told how Mir. and Mrs. Watkins each had sent for him while the new grand jury to inquire into Egan's re- lations with the Watkins was in ses- , sion. and expressed wish to appear and tell their stories.
 q Former Lieut.. Gov. J. Edwin Brainard was the first witness this morning. He testified that he was made . director of the National As- sociated Investors at the suggestion of J. Werner Anderson and later was elected . vice president but did not know of this for some time. He was told by Watkins that 100 sha res of stock had been placed to his credit.
 Brainard was on the stand only a few minutes and was not questioned further about his stockholdings, nor Was he cross examined by Alcorn.
 State Police Commissioner Robert M. Hurley, the next witness, was followed by former Lieut.. Gov. Cliff ford B. Wilson Of Bridgeport. who was on the stand less than five min- utes. Wilson was former employe ; or the N. A. l. and became connected with the concern through Anderson.
 He had known Egan for 12 or 14 years. he said. and also knew Egan as attorney for the N. A. I. Egan T had conferred with him on a num- Der of cases relating to the business. he testified. Questioned by Calenen the witness said Egan's duties were to handle the legal affairs of the N. A. l. Egan. he said, had never at- tended directors meeting. The wit ness had attended all meetings. On cross examination. the witness told , Alcorn he knew nothing about the Winthrop Gregory Company or, the k. W. Watkins company.
 Alcorn called his attention 10 . meeting in April. which Egan at- tended, and Wilson said it was a stockholders meeting held after the crash. and not directors meeting
 Salcsmcn Called on Hurley v Commissioner Hurley said he in uuired several times Of Watkins in regard to purchase of five shares of N. A. I. stock and salcsmen came to see him
 One salesman advised him 10 buy more stock, but he didn't. and later Watkins called him up and suggest cd he buy 100 shares for $l.500. The witness said he told Watkins he didn't have $1,500 and Watkins re- piled that he would take care of him and put him on the books for that amount, which was done. No money was exchanged.
 A short time afterward, Watkins told him the stock had been sold at $26.50 share and gave him a check for $1.l17S0 as profit. Calnen asked Hurley about the deposit Of the money when the deposit slip showed 1t had been split.
 Hurley said that it was not un- usual for him to divide a deposit. When he deposits his salary check of $500. he puts in the bank S4oo , and keeps out 31oo in cash. he ex- plained. The witness offered several deposit slips as exhibits of hi. man. ner of banking.
 Calnen asked: Did you give Egan any money in this stock transac- tion?"
 Hurley replied: T never gave Egan any money in my life"
 Alcorn, in croas-examination, ask cd the witness how long he had been an officer. and he said he had been in the police department and the state police for the past 25 years, and had been commissioner since 1927. Alcorn asked him if he had various methods of detection Of crime and if his office is we'll equipped.
 Judge Wolfe interposed with: You never have enough" The court room audience had laugh.
 To Alcorn's question if he ever had investigated any, stock swindling transactions Hurley said he never had had anything like that.
 The witness said that while he had bought stock for himself before, he had never bought any on margin
 Ordered ''Tip" Service
 Alcorn asked If he knew about a certain financial service in New York. and he said he did. This serv- ice vas identified as one Of the 'tipster" clasA Hurley identified . letter written by him in December. 1927. subscribing for a three months tip service for which 31O was paid. In the letter he asked for advice on several kinds of stock. These stocks had no relation to the case on trial.
 Alcorn asked the witness if he had ever talked to Egan about the N. A. I. stock deals, and he said he never had. Asked if he remembered Egan and his attorney coming 10 his once on the day Egan was put to plea. Hurley said he could not re- call. as Egan and his attorney called . number of times.
 Alcorn asked several questions on this point and Judge Wolfe sustain ed Calnen's objection on the ground that the questions were not relevant. The witness said he was personal friend of Egan.
 Shown another letter written in January, 1928, to the market service. in which he complained that he was not receiving sufficient service, the witness said that he did not know that this service was the company to which Watkins had sold securities
 Says He Never Worried"
 Hurley said he never worried over stock transactions: that he might have spoken of it. but he never told anybody he was worried. Watkins had told him not to worry about the 100 shares carried on the book. He did not know the market price of it except that it represented $500, He knew that stock was quoted at 326.50 when it was sold. On Janu-