Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1838-03-17

my prvate cAeqas book first ~
Queston-And whore from thelco7
lAnswer-Ine my own private edger; but in ne
shspe on manner Whatsoever into the books Of the
Phenix Bank.
Question Do you keep a journal of your private
transactions, or do you pest direct from your sheque
tAnswer-Such questions appear to me indicate
and improper.
BY MIR Foote--I want to show that Mr.. Granniss
is TO be believed in preference ts MI Delaheld; and
that the sum was taken by Mr. Delaiield as bonus,
private douceu and qualification for his own benefit
Queston-Do you keep journal Of your individual
transactions or do you post direct from your cheque
book to yeur ledger2
The Chairman asked what was the materially of
this question: .e
Mr.. Fsote stated Mr.. Granniss account Of this
transaction and the explanation given by Mr. De-
laheld in relation to the loan OF the trust fund.
The truth Of this statement depends greatly on the
entry made by Mr.. Deafied of this transaction Mr..
+. recapituated the evidence of Mr.. Delafeld, and
dwelt upon the fact of the notes not being entered In
tina books of the trust fund, in those of the bank
bat in his private books alone; and argued from
thence that the notes must have been passed TO his
own individual profit and emolument. Mr. F., as the
result of the question, would have to call for Mr. De-
lafslds private cash book, Journal and ledger. The
hesitation to answer, filled his bosom with the most
painful apprehensions.
Mr. Hall contended that Mr.. Delaied was not
bound to take Mr.. Delafield's statement There was
no mystery; the emily mystery arose from Mr. Foote's
emphatic manner.
| Mr.. Delafeld said he would explain the transact
ton but he would not enter into his private business.
The notes in question were purposely placed by me in
their present position, that in case OF need they might
be proceeded on, and recovered without the nterven
| ton OF my name, being reluctant at any time to
have cults commenced by me as an officer OF public
institution Up to very recent peried have avoid
ed every suit of the kind. With regard to these two
notes have only kept loose memoranda but the
cash received on them credited in my cash ac-
count. ! do not keep any journal of my own lndi-
Quesiion-Where are the notes you received from
GranRiss & Co., on the several loans made to that
| firm by the trust fund?
Answer-It was all southern paper received by me;
and transmitted to the agents Of the company whose
funds hold, trustee, for collection for account of
that company, and subject to their order-excepting
such part thereof as has been returned 10 me, under
protest. sff #. &HH
Question--have you the possession of that which
has been so returned protested?
Answer do heldit.
Questionable you ever disclose to Mr. Granniss,
that these several discounts vow made for his house
made by you, as trustee!
Answer cannot say that told him that il was
as trustee; but did, as believe, inform him that
it was from funds held by me individually; and am
further induced to believe, that he must have known
that fact by the circumstance that my trustee cheques
g iven TO him for the proceeds Of the discounts,
in some instances received by him at the counter OF
the Phenix Bank, and those cheques clearly indicated
cheques have before me.
Question-Please to produce the cash book Of the
second teller of the Phenix Bank from the 18th Dec.
1885, down to LIST August, 1887; ALSO the note book
Of the third teller during the same period the ledg
containing the account Of the trust fund for the
period also the cheque book of the bank for that Pc
Rod alse, the cash book and cheque book of the
trast fund also your private cash book and private
ledger for the same period and also your private
| cheqSe book
The Committee adjourned at 3oclock, and agreed
| to meet again at half past four.
/ EVENING Sessions.
The Committee met at half past 4, pursuant TO ad-
The examination Of Mr.. Deafed was re-
sumed.
Question Please produce the cheques issued by you
as trustee TO Granniss a. Co. the several dis
counts made by the said trust fund to that housed
Mr.. Hall stated that Mr.. Delafeld had no objection
to produce these cheques; but it appeared to him
that the object Of the other side to procure evil
dence TO defeat the suits entered into by the Bank
against Grannss a. Co. and others. The house OF
Granpiss & Co. owed the bank $50 0Oo but the bank
was determined to fling aside all considerations re-
speeding that sum- rather than be supposed wish
Mr.. Fooe said that he had no consultation with his
colleague he called for these cheques from his own
sense Of what was night. This was question Of We
racity Mr.. GraRniss had informed him that he never
saw one of these cheques; but Mr.. Delafeld swears
that they went through Mr. Granniss's hands.
The Chairman said he did not see how any suit
could be defeated by any thing produced here.
Mr.. Hall SAID, perhaps Mr.. Delafeld acted agent
for dscounting company, who had no authority to
discount in New York. although authorized by legis-
lahve enactment in other States.
The Chairman thought the cheques had better be
produced
On being produced, the cheques appeared TO be
drawn on the Southern Life and Trust Company Q
| fund
Mr.. Hall said the Board OF Trade had shown more
private feeling than public Justice.
Mr. Draper-What did you get paid for saying
| that
| Mr.. Hail. say il as my opinion
Question by Mr.. Foote-Are these cheques from
the 18th Dec, 1896, to the 22d March, 1897 both in
elusive, being eight in number the cheques issued by
you, ns trustee to the firm OF Granniss 4 Co.. on the
several discounts You made from the said fund
| for that house as you before mentioned
| Answcr-They are the cheques drawn for the pro-
ceeds of paper from g. b. GannIss Il Co., for their
| account On those transactions.
| Queston-Please produce the cash book Of the
second teller from 18th Dec, 1886, to LIST August
1887, and open the account 2oh Dec, 1896 to The
| account ef the southern Life n Trust Company.
/ Answer In the chs que book Of the Phenix Bank
s an entry Of the 10th Dec. 1886, in the following
i words -
-. Dsladsls, trustee, chg ss5ss IL, Life q Trss,
Company, Dr."
| Ques,ion-Prodsce the note book Of the third tel.
| Ter, of 18th Dec 1886.
Answer On this 10 an entry 10 this eject Or c.
i b. Granniss d Co. by Georgia paper e6563 IL