THE HOOLEY BANKRUPTCY.

Nelson Evening Mail, Volume XXXII, Issue 174, 2 August 1898, Page 2

THE HOOLEY BANKRUPTCY.

ALLEGATIONS OF BLACKMAIL. v IMPLICATION OF -NEWSPAPERS AND NOBLEMEN. -* t ' (United Press Association.] . "*" LONDON, July 29. E. T, Hooley, the bapkiupt speculator under, examination, . deposed that his partner; (R^ijkey), received £478,234 between September, 1805, and Deoember ' 1896, though he put only .£3OO eaeh into the business. The gross profits on the I Dunlop tyre denl were £1,700,000, Hia (Hooley's-) share was .6200,000. It cost 4100,000 to obtain the names on ths front of the prospectus. He alleged that Lord del* W«r received J360,000, andL«rd

aelonir W *m 1 armVraceivfid jmoifo^ 7' press notices';. He mentionodtho Tisuoeii "• ' of the « PaUMaU S^tte.'.iiid t=.^Ffc' 'Xx I .^-"; H«.Paid tho'- Fi,ii, tlo iar X : v £1500 for the a privilege of, witim; one . artioie himself. He paid, broadlv. £10 000 ""' • for managing. He denied that' ha'had ■ designed to keep the " Financial News " %Tst\i — "^ * Warr rbcoived : for joining the French , Dnblop Pneumatic Tire Company and for <*£. » T^ a f^ I \.f ihemaile *« join- ' The fl^rSfflti? v lr b «=? lnin e chairman ef the Cycle Tube Manufacturers- Company - Many thousands ware paid to Lords Deerhurat de la Warr, Ashhurton, Warwiek (Earl Brooke), Norbury, and other titled personages figuring in prospectuses. In connection with Singer'a Company, Mr George Singer obtained ..£50,000 for aoting as director, and Messrs Lawson and Johnson were pid £60,000 for sellinz ihe statement caused a sensation;