Show PAIR I r I I II Alleged R R. R. R Merger Swindlers' Swindlers Activities I Shown Jury Jury I ILOS LOS ANGELES Sept 25 2 5 4 1 IT II D. D Hibbs anti and Thomas Hennes- Hennes Hennessey sey Ie cy accused accuse of fleecing many per per- persons per per-I persons sons Ion In connection conn w with Ith an alleged fato faco proposition to effect a mer- mer merr p. p F r r of ot the larger lamer lar lr railroad systems I of ot tho the country countr Admitted through their counsel at nt the trial here I Thursday that they the accepted largo large inns uns of money from Los Angeles business e and professional men I They also so admitted that there was I an that tho the money Invested with them would be paid JIaM back I at the rate lato of 10 for 1 If they succeeded In their plan and received ed their prospective commis commission ls- ls sion n of ASIC SR ACQUITTAL IJ I The admissions were aero ro made by hy di fonse counsel during final arguments arguments ments but th th attorneys s Insisted th t tho the state had failed to prove Hint the money entrusted to and an Hennessey was wa not used In de- de df defraying fraying rn ln expenses Incident Ine-Ident to the merger negotiations n and that there there- therefore therefore fore forI they should be acquitted on I the tho ground that th everyone Is pre- pre to be Innocent until proved I The Tho fo mat mal charge In the ff ha Is case I grand d 1 The case II expected cp to go to the tho Jury today MANY Through prosecution witnesses including Glor o B n. McGinty sec sec- secretary try ret of the Interstate Commerce commission Pool Paul Schenck of do- do I fr nse Insisted It had been established li hed that there had been blen a 3 mer- mer g gi r of a 3 number of ot the railways by and Hennessey to prospective investors In He lie also al o said that a number of ot the investors Investor ailed as prosecution witnesses had declared they th still believed In the I honesty of tho the defendants dEfendant and ond be- be believed d they the would yet succeed In th heir lr merger m enterprise rJ ff H A left I Jr clone And he ho reminded the t e Jur- Jur jurre ore ora re that none of or these Investors were vv re widows 1 OW II and orphans but hard headed business men who have lave amassed fortunes through sheer brainpower r and that they I Included the watchdog of the county cont treasury a n former form r con con- bank di dl- dl gr and a 11 former rector ector ISE F. r ST. s The prosecution conceded that while there had been a railway verger merger it had produced evidence showing bowing that Hibbs and Hennessey hall had no connection with It and that hat Il It had proved they had made I I. miny ny false falsI statements on several material points The jury was re reminded re- re minded that Hibbs and Hennessey had bal given sinn a party last Christmas eve no to a number of Investors and during the evening e that the first payment pa amounting to I had Just been paid on the merger dial deal and that the money was 9 at that moment on de deposit de- de deposit posit po lt in the Los Angeles Angele branch of ot ott the t h federal serve reserve bank and that I de-I officials of ot the Federal Reserve R serve bank had hod subsequently sub testified that their records showed no such deposit It Is expected that the case will I go so to the Jury Jut today |