Heavy Bail Demanded; Man Later Released

HEAVY BAIL DEMANDED; MAN LATER RELEASED Hallock A. Penrose Arrested as Result of Note Transaction—Free on Own Recognizance After being arrested on a capias and held in $30,000 bail, Hallock A. Penrose, of the Penrose Motor Company, of Virginia, was released on his own recognizance by Circuit Court Judge Lloyd in Camden yesterday. Penrose was arrested at Broadway and Kaign avenue by Under Sheriff Hewitt on the capias which was issued by Supreme Court Commissioner Nixon at the instance of counsel for John H. House, of New York, on a claim for $17,042.18 on promissory notes alleged to have been given in 1910. The money was given for use by the Engineering Developing Company, of Maryland, which was later merged into the Penrose Motor Company. After Penrose had been arrested he was sent to jail in default of furnishing the heavy bail, but his attorney carried the matter before Judge Lloyd on a rule to show cause why the writ should not be dismissed. After listening to the testimony Judge Lloyd decided no fraud had been committed and accordingly released him on his own recognizance. In an affidavit House averred that Penrose on May 28 last had told him that he had transferred all the money and stock he owed to his wife's name and that it would be useless to get judgment against him because he had nothing. Counsel for Penrose declared the affidavit of House did not disclose any fraud and that the defendant had paid a small sum on account last July. It was also charged that Penrose had been tricked into the jurisdiction of New Jersey and that was given as one reason why he should be freed. Penrose denied telling House he had turned everything over to his wife, that the stock was always in her name because she had advanced $12,000 to develop the corporation. In addition the books showed all the stock was originally issued to Mrs. Penrose.