Detroit evening times., 1945-07-21
WESTRROOK
PECLER
Fair
Enough


CHARLES HARDWOOD, a New
~ York Democratic party
worker and governor of the Vir-
gin Islands, is row revealed
though with great reluctance. as
one who loaned S25,000 10 Eli
oft RooseVelts radio enterprise,
the Texas state network, and
never got his money back.
However, he still holds the
stock which he received as coll
lateral and. by an Unforeseen
turn Of fortune, may he even
with the board or almost even.
Mr.. Harwood, like John Hart
ford, president Of the Atlantic
and Pacific grocery cham David
G. Bard Wall Street finaHeier,
and Maxwell NJ Bilofsky other
lenders 10 Eltiott-s projects. ap-
peared 10 be embarrassed when
he was asked for confirmation
of facts which had become
known through other sources.
Mr. HARDWOOD is known ss
vi h 9th governor" and
fudge because The late Presl-
dent Roosevelt appointed him
Judge OF the United States court
for the district of Panama on
which bench he served from
June 1897 10 March. 1888.
Before that, IN 1886 he served a
briefly in the department Of jus-t
tice aS A special assistant 10 The
attorney general in the criminal
and antitrust DIVISIONS
Gov Harwood Is an old line.
traditional party Democrat who
served term as president of
the old Brooklyn Democratic
Club and Is anti-CommunlSt.
Inquiries by Congress have e
revealed a persistent program Of
the New Deal administration 70
plant IN positions IN the islands
more influential than that of
the governor INDIVIDUALS who
constantly GIVE aid and COM
-f1rt- - t1e C0mmUniSt move
mont
NOR some time PRIOR 70
L March. 1899, as Mr. Har-
wood now confirms the story
Hall Roosevelt, the uncle Of
Elliott Roosevelt. had been tell
inc hun OF the wonderful pros
peciS- 2ElAatt-s- -FeNaS-Sta',
Network and Mr.. HarWood TAD
been so charmed that ia ash 81
Hall 10 10, hun buy some Sto'K.
However Hall told hlm tkeY
couldn't sell hlm any
Then. IN March 1889 'h-
year II the Hartford Bard and
Rhofsky. loans. Hall .Gld nan
his chance had cone
II HaiVood would tcnl e.
liot's company S25 op0 Hall
would arrange that the com.
pany put up $50 shares as col.
lateral !! IN TWO years me
loan was not paid, The stock
would ne his
Mr. Harwood says ne sent his
check - tho compan, not 20
Elliott or Hall a. Us Offices N
Fort North and Got his 80
shares.
THtREAF~TER several tunes
L when he saw Hall Mr. Har-
wood inquired about his loan
and Halls answer was You Il
get ~ You II get n. II get
after them
At the 1910 convention IN Chi
csgo. for the first un'e IN the
transaction, Mr. Harwood mem
TONED IT 10 Elliott
He asked Elliott when the
company was going 10 pay back
his S25 600 and. as he recalls
Eliott'S answer. the presidents
son said he would look into y
As soon as ne returned 10 Fort
Worth
Hearing nothing further from
Elliott he wrote 70 the company
IN 1912
The reply ne SAYS was a sug-
gcSuon that he settle u with
Elliott and accept Elhott's note.
THE next development was N
the winter of 1912 when
Jesse Jones. then secretary of
commerce and chairman OF the
Reconstruction Finance Corr
poratlon Al Tho request of the
family was buying up Elliotts
obligations for nominal amounts.
Joseph fairfield. 4 New York
lawyer and likewise Demo-
cratic politician, long associated
with Jones a. his personal at
tOrneN. and for some time an
adviser TO Norman Davis. preSl-
dent OF the Ped Cross. Commu-
nicated with Harwood, suggest
ing that he get in touch with
Jones
MIR Harwood says Mr. Jones
offered him $500 or $1,000 for
his S25 900 and that he reckoned
that II he were going 10 lose 9S
or 90 cents on tho dollar he
might as we'll lose IT All or take
chance Of getting more out Of