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Show POHZI OH STAND KNOWS LITTLE OF HiS BUSINESS Seems to Have Left Affairs in1 Hands of Girl Manager, Aged 18 BOSTON, An? 21. Charles Ponzl turned over to federal receivers today pari of what remains from the millions he received from Investors In his ills-credited ills-credited financial operations and went on the witness stand to tell about the r. . t Little had been elicited as to hr. assets, however, when the receiv-cih' receiv-cih' hearing w:is adjourned until Tuesday. Tues-day. i 'hecks and securities which Ponzl handed over, as announced, did not greatly exceed a million dollar.'-- Ed-v Ed-v in L Pride, accountant, who has been conducting thc federal audit . ..uii estimated Ponzl's liabilities at $7. 000. 000 Ponzl said he had a.ldl-ilonal a.ldl-ilonal assets. no Bl sji;ss FOl SD. Thc only business of wiilch Pride i ould find any Iracc, he testified, was the issuing of notes for tiie invest- i t, pliu 6o per eenti and payment o. early notes b' receipts from later o..' g There was nor'ning In Ponzi's l" .il In s.-ikI, t.. Indn a'.e any biisi- iiiss in International postal reply cou-pons, cou-pons, as claimed l.y Ponsl. it was brouogt out that D. V Mc-isaacs Mc-isaacs and Ij. II t'oakley of Ponzl s counsel, had recdlved tees oi $25,000 OftChi McIsaacS explained thut the II;. nover Trust company, where Pouzi kept his princli.al account, had paid these sums on authorization irom 1 'onzi. Ponzl s replies to questions indicat-eu indicat-eu Ignorance of the conduct of his business affairs lle did not know the names of ills agents, was uol familiar With his uc. oui.tn in i-everal banks and wica In doubt how many persons were authorized to draw checks In his name. He said ho left most of these things to Lucy Mell. the 1 S-year-old manager of his office. n T l RY CLEAR, Counsel drew from Koii.l a slate-in. slate-in. nt ut c. rtalii holdings not previously previ-ously on record by tun receivers, among them 1600 shares of the Ban-o-i Trust company, the bank v. hi. h .ill. ipse. I A m 01.' iarce pa; in. nts he he mentioned $.'.0,000 In sellle-mi sellle-mi nt of the claim of Joseph Daniels, who. beci.us'." hi loaned Ponzl $200 earl) In his career, sued him lor $1.-01 $1.-01 0,000 as a partner's share I'onzi said he was certain that he had paid out to holders Of matured ni BS or surrendered notes an aggregate aggre-gate or $7.J00.000. |