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a ’ betting said money for. the syndicate but for a Jittle pool shich “while in Richmond, Va., he received a telegram on or sbout April 134". ” Kew York City advising that he had been unable to do anything ena. Te would communicate with them later; thet on april 17th he received . ore te ee ee 62-4949 . secretary of Stearns, he could not pay the cnoney until eano was s Bus: made out correctly, thereupon Stearns advised that he was not ; anal aes the ozcupants of said toom had engaged in, and. was then edvised | by the maneger of the club that they were willing to pay the bet: of $800,000.00, but as no one in said room had credit established - at the club, it would be necessary for them to prove that if Shey had lost the bet they could have paid $200,000.00, and it was at” Fe this time that he, Clough, was brought into the transactions - It was thereupon decided that each one would gst es mech -- as they could together so that they could show the manager that | _. + they had $200,000,00 and that he, Cloush, was to receive @ propor a wt " tionate share of the winnings equal to the amount shich he was able. to produce, whereupon he raised $20,000,00 and the belance of: the’: $200,000.00 was raised between the other three, He believed shook produced 345,000.00, Farren produced $67,000.00 and Stearns the balance; that they then met eome time during March, 1923, and it wes decided that Warren take the $200,000.00 and show the manager of the club, subsequently returning vith a check drawn by the club far $800,000.00, and the only way thet Stearns decided that seid Oheok. 5 en could be cashed, would be by placing a bet of }20,000,00, of his, “ oo Stearnst, share of the check on a horse at said club; that Warren: °.. went to place gaid bet and was to return with the rest of the money ca dDut when he returned he stated that instead of placing only Piel hoses’. of the check, ho tet the entire $800,000.00 on said horse, which horse - subsequently ‘lost the race; that thereupon Stearns and shook were terribly provoked with Warren, but Starnsa agreed to try some other manner to recoup the losses; that Stearna was then called cut of town by the ayndicate and agreed. to meet Slough end his wife ia. top. . - Me Clough further stated that ‘he ‘Lette bey tone Beach; Fle.; pe 1933, from Stearns advising that’ it would be impossible for him’ to * - meet them in Richmond, Ve.; and thet they should return to Syracuse Spr Fe N.Y.; that about April 15th he received a wire from Stearns from . wire from Stearne in Chicago advising that he had lost his position ~”” nith the syndicate but es secon as connected, he would again co:mume- - icate with him, and thet he has not heard from him since, Kir. Slough in conclusion stated that he felt positive that he rould hear from Stearns again; that he never heard the name of the club at Daytona Beach rhera the bets were pleced and that while he could not positively recall the nane of the hotel, he believed it was the Daytona Beach Hotel; that he could recall nothing rhich any of ~ 10 « ,