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The Boss
MAKING POLITICS PAY

By David Dayton McKean
This Web version, edited by GET NJ, COPYRIGHT 2003

Summarizing the testimony of Hague, Milton, and others, the committee reported to the legislature on the amount of money Hague had put by because of his ability to see things:

Mr. Hague has been a member of the City Commission since 1913 and has been mayor since 1917. His highest salary has been $3000 per annum. He testified that he has had no other gainful occupation.

The testimony showed that it has been Mr. Hague's custom to carry on his business dealings in cash through dummies, avoiding check books, banks, and usual business practices in his larger transactions.

In 1918 or 1919 he acquired for $12,000 a part of the property on which was afterward built the apartment house in which he resides in Jersey City. The consideration was paid by John Milton's check. Mr. Hague reimbursed Mr. Milton in cash.

In 1921 Mr. Hague bought the remainder of the land upon which Duncan Hall stands for $51,000. The consideration was paid by John Milton's check, and Mr. Hague reimbursed him in cash.

The Duncan Company was organized and built the Duncan Hall Apartments on this tract. Mr. Hague received $65,000 in stock of the Duncan Company for this land and, in further consideration thereof, has since occupied, rent-free, an apartment the rental value of which is $7000 per year.

On May 3, 1921, Mr. Hague acquired a property at Deal, New Jersey, for which he paid $18,000. The title was taken in John Milton's name, the purchase price was paid by John Milton's check, and Mr. Hague reimbursed Mr. Milton in cash.

On July 18, 1921, Mr. Hague bought one hundred and fifty shares of stock in the First National Bank of Jersey City from Edward I. Edwards for $37,500, which he paid in cash money. On July 21, 1922, Mr. Hague acquired one hundred shares of stock in the Trust Company of New Jersey by subscribing to rights originally in the name of a deceased stockholder for which he paid $34,500....

In 1924, Mr. Hague was assessed $12,000 as a stockholder in the Duncan Company. The assessment was paid by John Milton's check. Mr. Hague reimbursed him in cash.

In 1926, Mr. Hague acquired property on Gifford Avenue, Jersey City, at a cost of $27,500. The title was taken in the name of Thomas McNulty, as a dummy, and the purchase money was paid by John Milton's check....

On June 9, 1926, Mr. Hague acquired thirty-four shares of Trust Company of New Jersey stock, for which he paid $8464.

On October 11, 1926, Mr. Hague purchased property at Deal, New Jersey, in John Milton's name as a dummy. The purchase price was $65,000. Mr. Hague afterward reimbursed him in cash.

In 1927 Mr. Hague improved the property at Deal, New Jersey, just referred to, and paid to the contractors $59,520.50. The payments were made by John Milton's checks as the work progressed. Mr. Hague reimbursed him in cash. Mr. Hague personally paid one of the contractors $600 in cash for some extra work.

In 1927 Mr. Hague acquired thirty-four shares of Trust Company of New Jersey stock for which he paid $10,150, and later in the same year thirty-four shares of stock in the same bank for which he paid $13,676. In June, 1928, he purchased one hundred and thirty-four shares of the same bank stock for which he paid $13,500.

These transactions total $392,910.50.... (Report, Senate Journal, 1929, pp. 1142-1144.)

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