(Adjourned)
Shanghai, Feb. 14, The building of a "Madison Square Garden of the Orient" in Shanghai was mentioned during an -setlon which was heard before Judge: P. Grant Jones in HAM. Supreme Court yesterday. The case was one in whleb Mr. James Augustus Thompson rough ¢ counter claim agaist.
vis, Shanghai Journalist and [shorthand writer, for a. stim of $0,072.72, 'Mr, Thompson, who is manager of Thompson & Ca, real estate Jagents, of Szechuen Road, was represented by Mr. R. L. Stuari. Judgment Jagainst Mr. 'Thompson was' given in 1036 for $3,202.44 with interest but a stay of execution was ordered until a counterclaim against Mr, Davis was "This came Grant Jones yesterday and it' w up, before Judge Sones by Me Davi who was the original action in 090. the ted by atr. P. Watkin Willa
Claim against defendant (Thompson) vas based on a promissory note made four to: Davis" wy defendant. after 8 company" called' "The International Stadium Lia" had been foster with defendant and plaints as pataers.
In the original hearing defence 2 stated that Davis ad' signed 2 lip of paper agreeing to share all ex-'3|Denses and profits of the concern, asked for n copy. but pin locked the slip of paper in his drawer. With regard to the promissory note, said' that the money was used Parlally{n negotiations ty connection With the "International Stadium'" Slalmed that Davis was trying Svold paying his share of the costs and was claiming sim which was pat ofthe profs of We concern, claimed that. th costs' of the com: any exceeded plaintiffs. claim and that Davis was lable for is share of the costs. "On November 7, 1804, he sala, Thompson, Davie & Ca, ral. building' contractors, cles was formed and he entered Into 0 potner= ship agreement with Davi, taking 7 per cent. and Davie receiv:
eas was_ Who senior" pariner,
Ing 25 per cent. It was agreed, he sted, fat he shout bear eee'and fame other expenses, Pint gave him two loans of Taels 1,500 and $135.63," He admitted this. When During a legal argument during defendant's evidence Mr. Stuart sugested that the handing in of a bundle of letters would save time, "There can be no saving of time," stated His Lordship, "People who save time Invariably get into trouble, 'There can be no cutting of corners.'
Between November 7 and November 13, 10%, witness stated, Davis a]and he' became partners in the firm and Davis suggested that they should take over a stadium project from an American named John Herbert Scott with the "object of introducing Shanghai a stadium called "The Madison Square Garden the Orient,"
Witness introduced Scott to Davi The object, he told the Judge, w: to make money by running a stadium where there would be boxing, skating rink and other things. The company formed would be a British limited liability company. He added that he paid $8400 to Scott as a loan from himself, There was no 75 per cent.-25 per cent. arrangement in the project, witness stated. It was a Alty-fly partnership on profits and losses, This had been Davis" idea and he had made witness sign a paper to that effect. This paper plaintiff had taken away and had locked in the right hand t drawer of his writing desk. Davis, he said, told him that he (Thompson) would not need a copy as he was keeping the accounts, anyway. The hearing was adjourned.
Text read from the printed page and cleaned; old type leaves the occasional error.