Show FRENZIED FINANCE story told in court of inflated valuations pittsburg oct 27 frenzied Frn finance methods were acad yesterday in the supreme court in the caad of mcleroy and boyle s albert J barnack S D gartner joseph and perry S hamilton A jury haa given mo elroy and doyle who are broker verdict tor and an appeal was taken by harnack gartner hamilton the three were concerned in jhb promotion of the united states alre company it was declared in court that the company bought a piece of property in ohio paying for it in cash the property was taken in tha name of harnack at and the mortgage then on it and those he save amounted to the property was then turned over to the corporation and its stock of was issued by harnack bonds to the amount of secured by mortgage were issued hamack was to finance the deal Pow ehon it is alleged began to speculate on the pittsburg exchange and lost a considerable amount of money putting up of the bonds of the company to cover his losses the real value of the bonds was discovered and suit was brought for the recovery of the difference |