Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-03-15

Answer.-They were handed to him a. part Of the
bonus. suppose he well understood the object he
asked me for something towards the bonus, and the
notes given TO him in that view.
Question.-When 1t he asked you for sonnet thing
towards the bonus
Answered. few days previous to the drawing Of the
notes.
Question,-Were the notes made in consequence Of
his request7
Answer.-They were.
Questionable he suggest what paper he would
like
Answer.-He suggested that Hight be drawn in the
ouestion.-Did you mako any objection to this
course
Answer.-No.
Question-How long was this after the offer of the
bonus.
Aaswer-About month.
Question.-Was any person present or within near.
ing, when he requested something towards the bonus
Answer.-No.
Question.-Was this request to make paper and de-
posite in the Bank for the purpose OF collection or
was it an absolute gift!
Answer.-We to have nothing tor lt-they
were not passed TO our credit to be drawn out
Question.-Were these notes over and above any
claim the Bank had against you for interest exchange
and separate from any other transaction
Answer-Atogether so, and in part payment oil the
100000.
Questionable you pay any part of these two notes
Answer.-No.
Question-Where are they now?
Answer-I don't know We had notice OF the matu'
rity of one and believe, Mr. Deaheld informed me
it belonged to the Duchess County Bank
[Eve,y thing was uttered in so low tone of voice,
by the chairman, and the replies were SO indistinct
that it with the greatest diicsity we ceuia eaten
the questions and answers
Question-What became of the other note?
Answer.-It was brought to me by broker In Wall
street, OF the house Of Morgan, Ketchum Co
Question Over and above these notes, if they do not
exist fairly against you, do you owe the Phenix Bank
any thing?
Answer-Yes but l can'tsay how much.
observation-disclosures notes were paid would 1t cancel
your Indebtedness?
was protesed-the one in the Duchess County Bank.
The note brought by Mr.. Morgan, was not paid. The
Phenx Bank hold other paper OF ours and more than
our Indebtedness if it was collected
Mr. Sibley-T udnt the questions put and the ANSWERS
taken. The public W not otherwise understand the bust
ness.
Mr. laurence the Chairman.--I don't about the
public.
Mr.. Sibley-But do.
BY Mr.. Foot-Did you at the time these notes were
given a bonus, owe the Bank on general or other
transactions
transactions the ordinary way of keeping our account
balanced, by the bank dscountng such collateral
paper deposited and passing 10 our credit from
time time; for this received cheques, as before
stated We had of country paper in the bank
collateral, which pat in for collection.
Questionable you propose the Cashier to reduce
the arrangement in regard TO the bonus to writing?
Answer.-I did.
Question did the Cashier decline and assign any,
and what, reason
Answer.-.He declined l can't say what reason he
assigned.
Question did these two notes you gave the Cashier
towards the bonus, pass into your bank account
Aaswer.-.They did not; not that we know Of
Question. Did they 60 on to your bank book
Answer.--No
BY Mr. Hall--Were the two notes last referred to by
you, delivered Mr. Delafed the part of the bank
or to him as an individual?
Answer.--That was left for Mr.. Delafeld they
were given to Mr.. Delafield towards the bonus the
word bank passed between as.
See fourth page.