“Didn't you pay one-twenty-seven for the Schoolcraft stock, Mr.
Stevens?”
“I may have paid that much. Mr. Schoolcraft was not eager to sell. He
held out for a stiff price.”
“He owned the Hildebrand stock, didn't he? Why should he sell fifteen
shares at ninety-five and a fraction when he might just as well have had
one-twenty-seven?”
“We object,” said the district attorney mildly.
“State your objection,” said the Court. “Incompetent and irrevelant and
having no possible bearing on the subject--”
“Withdraw the question,” said Mr. O'Brien suavely. “Did you not offer
James Hildebrand, Jr., one-ten for his stock, Mr. Stevens, through his
father? I say 'through his father' because you were not on speaking
terms with the son?”
“I think I did.”
“And didn't young Hildebrand send word that he wouldn't sell to you at
any price?”
“Something of the sort. He was unreasonable.”
“You were, therefore, very much surprised and gratified to get it at
ninety-five and a fraction from Mr. Schoolcraft later on, were you not?”
“I was not surprised,” confessed Mr. Stevens, separating his finger tips
for the first time, and shifting his position so that he could fold his
arms comfortably. “Mr. Schoolcraft bought the stock for me. There was no
secret about it. Hildebrand must have known that Schoolcraft was acting
for me. I was fair enough to offer him one-ten. It is not my fault that
he was eventually forced to sell fifteen points lower. I was not to
blame because he was hard-pressed or pinched for ready money.”
“He was a sick man, wasn't he?”
“His health was poor.”
“He was ordered to Colorado by his physicians, wasn't he?”
“I believe so.”
“And wasn't that the real reason why he was forced to sell out, and not
because he objected to the reorganisation?”
“We object,” said the Stated attorney. “Objection sustained.”
Sampson looked at Miss Hildebrand. Her gaze shifted from the Court to
him almost in the same instant, and it seemed to express astonishment,
even incredulity--as if she were saying (although he was sure she would
not have expressed herself so vulgarly): “Well, can you beat that!”
“And now, Mr. Stevens,” went on Mr. O'Brien, after taking the usual
exception, “you testified in direct examination that you and Mr. Drew
purchased the defendant's Manhattan property. Did you buy it for
the Cornwallis Realty and Investment Company, or for yourselves as
individuals?”
“We bought it for ourselves, as individuals.”
“The company was not interested in the transaction?”
“No.”
“Did you first give the company an opportunity to buy, or did you--”
“I said it was a private transaction. We have interests outside of
the company, sir--just as you have interests outside of your legal
business,” said the witness tartly.
“I see. Well, Mr. Hildebrand was pressed for money at the time of the
transaction, I believe you have said. This was some time before the
alleged defalcation took place, I understand.”
Public-domain text, read in full here on John Shaqi.
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