Evening star., 1939-06-27
Interest in Bonds
.aned in Hollywood,
buckner Testifies
Women on Jury and
In Audience litter
At Confession
By the Associated Press.

~ SOuuCSSuVI1
By the Associated Press.
NE WYORK, June 27.-Blushing
like an embarrassed schoolboy, Will
liam p. Buckner, jr., playboy broker,
told a Federal court jury today that
he "lost interest" in Philippine bonds
last summer when he went to Holly
wood, where he met Loretta Young,
the film star.
The 31year-old promoter, on
trial with four co-defendants on
charges Of mail fraud and conspiracy
to manipulate Philippine Railway
bonds, did not mention Miss Young
or otherwise refer to his romance
with the glamourous star, but he
blushed more furiously than ever
when the three women on the jury
Uttered and other women and girls
among the spectators giggled de-
lightedly.
John Minton, Buckner's counsel,
had taken him over the ground of
his trip to the Philippines to seek
redemption of the defaulted railway
bonds and was pursuing conversa-
tions Buckner had with various peo-
pie about the situation when he
reached the Hollywood phase.
Had Several Conversations.
He had several conversations in
Hollywood about the bonds, Buck
ner said, and when Mr.. Minton
asked him about additional con-
verSations he said there weren't any
more.
Il wasn't interested in Philippine
bonds any more" he said, his face
slowly flushing.
why not?" asked Mr.. Minton.
Buckner's face was crimson by
that time.
Well" he began, hesitated, then
plunged: Something else had taken
away my interest, and I was def
nltely not interested in bonds"
Earlier Buckner had testified that
Paul V. McNutt, high commissioner
OF the Philippines. had rejected his
request for help in having the bonds
redeemed because Of his own politi-
cal situation"
He met McNutt in the fall of 1887,
he said. Former Senator Harry B.
HaWes OF Missouri introduced him.
i asked him (Mr. McNutD what
my chances were" Buckner said. IT
asked him if he could help me, and
ne told me he couldn't give me any
help. referring to his own political
situation"
That was the only time he saw
Mr.. McNutt, he said.
On trial with Buckner are Feline
Buencamino. member of the Philip-
pine Legislature: William j, Giles
pie and c. Wesley Turner. brokers
and Capt. John Stuart Hyde, Holly
Wood f1lm producer and former
British army officer.
The Government charges they de-
frauded holders of the defaulted
bonds by dissipating expense funds
raised for Bondholders Protective
Committee and by rigging the price
of the bonds.
Vague About Philippines Job.
buckner went to the Philippines
ostenslbly to seek redemption of the
ponds. Today, under the question
Ing OF his counsel, John Minton. he
said:
L was vague about what I was
gong to do in the Philippines. NV
IDEAS about Manila were chaotic"
George Schein. counsel for the
committee, had spoken of Mr.. Nc
Mutt. That was the reason he
sought the high commissioner.
he said he found Senator Hawes
was regarded as certainly the
greatest national hero in the Philip
pines and attributed this to the
1ormer Senator's co-authorship of
the original Philippine independence
bill.
Senator Hawes, he testified. was
reluctant to help him.
First he wanted to be maid "
Buckner said, and second. his
health was bad and he wanted to
leave the Philippines"
Senator Was Tired.
Buckner said Hawes told him:
i am national hero and I am
tired"
The ex-senator also introduced
him to Buencamino Buckner testi-
fed. He remembered the date
vividly. he said, because it was
Armistfce day, 1887, and there was
a typhoon.
Buckner, who already had told
Judge Henry w. Goddard and the
jury of his original proposition to
the Philippine government-that it
should buy the bonds in at their
par value Of $1,000 each-then re-
marked:
Il knew the government was 60
ing to buy all of the railroads, be-
cause Quezon manuel Quezon.
President of the Philippines had
announced it publicly three times"
Buckner then described various
meetings he had with Philippine
officials in pursuance of his plan
to obtain legislation favorable to the
bondholders. He said he saw Joe
Yulo, Philippine minister of justice,
with whom he had talked in New
York.
Mr.. Yulo, he said, would give him
no satisfaction" because he owns
all OF the competing bus lines"
Didn't Discuss Situation,
He met President Quezon only
once. he said, and did not discuss
the bond situation with him.