The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-07-30
THE NEW HOPE DELAWARE BRIDGE BANK.
John Hoicomb VS.. The President and man..
gers OF the New Hope Delaware BridSe

| ~ .oo ~ ueIehuahts, under special Ordef O
the Court OF Chancery, dated July a. 1851 he hay
ing ialied to make application TO the receivers til
aller the legal time expired, and hav wing nade a.
ahdavit that he had no knowledge Of the case o
the order, I'LL after the time expired Being dull
sworn and examined he says;-I am a broker a
Albany; 1t is my native place, and | have Away
lived there; my father formerly pursued the sam
business as myself; am the owner Of the package
other person besides myself has any interest in tina
| packages | bought the greater part of the not q
about the time the bank failed; had portion o
them on hand when the bank feled; bought then
at various tmes-most of them after it fai(e the,
were received by me, in the regular course of bust
| ness, at my counter; I did not take or receive
them from Curtis & Mitchell, or their agents
to my knowledge; got them in small
them; don't reoollect getting any of them from
Warren jenkins; | am not acquainted with him;
had no knowledge at the time received these bills
OF the contract existing between Curtis & Mitchell
don't know either N. b. Mitchell or ID. E. Curtis
! never knew OF any contract existing between the
New Hope and Delaware Bridge Company and
Warren jenkins, or the Columbus Insura ace Com
pany, respecting those bills; | never knew or OBJ
served any pe,nliar marks on the bills; never OBJ
served the 60 VIZ on the bills / produce till now
or any othor mark; "W" is on the greater part
Of them.
Mr.. Gilchrist-Some of them have other letters.
For instance, here is one that has So W j." which
means William Jenkins
Wltness-l paid various prices for them, from
% cents to - cents; they did not cost quite 80
cents to the dollar on the average; guess it would
average 81 cents; the lowest price was 10 cents,
at which l bought only $40 or $50; yesterday
morning was the first time i ever heard of the
mark on the notes; have no knowledge whatever
OF Curtis Il Mitchell, or Warron Jenkins, or their
agents; don't think | ever purchased so large a
lot as so, but cannot say positively; am not sure
did not purchase 500 at time; | am confident
that ! did not purchase $500 at one time; | pur-
chased some Of the notes from a street broker of
New York; his name is John L. Hildreth; | pur.
chased them at Albany; think 1t was within SlOO,
but cannot say positively; it is about year and a
haf or two years since purchased the last; rather
think 1t is over two years. don't reooect the time
the bank failed did not know of jenkins being a
redeeming agent for this bank; formerly sent all
my bills 70 John Thompson, of the Bunk Note Re
porter, 81 Wall street; cannot say where he got
them redeemed it since the failure of the bank
that bought the bills from Hildreth.
john Coryell being sworn, deposed that the books
produced are the bank deposit books of Mr.. Hol-
eombe, in which the account of his deposits with
the bank were kept; knows them from having been
the agent of Mr. Holcombe; had them in his pos
session; the interest is the dates of the diff
ferent deposits; this in pursuance of an agree
ment; told Mr.. lngham Coryel that the interest
was collected at the time the deposits were made.
Gross examined by Mr.. Scudier.-Do these books
contain correct statement Of the transactions be-
tween John Holcombe and the bank
Al think they do, US far as they 60; there was
an agreement made between the bank and him; it
was verbal gTecment, to the effect that he was
to have this money secured by mortgage on the
bridge; there was expectation at the time the
agreement was made, of the failure Of the bank.
Q.-Was the money mentioned in the bank book
actually deposited!
Alt was
Q.--Was it drawn out as in the bank book men,
toned!
Alt was.
Q.-Where are the checks for the interest
A.-lhe interest antarpd in the hank book
but no checks given for 1t.
Q.-Where in the bank book was the interest
enteredl
Witness points out the place.
Q.-Look at the last page in the book, marked
exhibit ID, on the right hand side Of that page for
the money checked out-in whose handwriting is
that I
A--The greater part of il is in the handwriting
of John Holcombe; the balance on that page is in
the handwriting of Mr.. st. John; the amount is
S9,73l ~.
ON whose handwriting is the remainder, "by
check $4,000, December ~, 1897
AIN Robinson's; also the 500 memorandum
is in the same writing.
Q.-Do you know the day the bank failed
Al don't know; but we kept paying out till /
think after the 3lst, and till a large sum came in
from New ork; | am certain IL was aftor the 9th.
GLOW is IL that the two books cover a portion
Of the same period of time
A-The ite ems are not the same; by the frst
book Mr.. Holcombe checked it out himself; by
to him; ! deposited for both books, but drew only
for one; am the manager Of his business for forty
years he is wealthy and iniirm man.
Q,-On 10Th December, 1911, was check Of
John Holcombc for $4,000 good
Alt was.
Q.-On December 81, 1917, was check for {; 400
goodl
Al presume it was.
Q.-By "good," do you mean that the $4,000
could be met by specie by the bank
A.-Ihe bank had good money from him, aud
not having failed then, there was Of course q
balance due Of $1,000; and on the 18th, a mort
was good ON the propery cannot say that it could
be met by specie 10y the bank; was manager Of
that bank.
Q.--On the 10Th December, 1917, what amount
Of specie was in the bank
Al cannot say; there was n good deal.
q Had you specie enough to pay the check
A We had specie or current funds enough to
PAY the check for 500, but cannot say about the
sll,OoO; in lieu Of specie We received the mort
Q.-Where was Mr.. - ohm, the President,
when the mortgage was made
A.--At Lambertville.
q Did not Mr.. 81. John inform the managers
or yourself that the bank must stop
Ale did after this largo amount Of money
came over, but don't remember whether he did
before or not; he was not at Lambertvilic then;
but when they refuse TO redeem, he said we could
not get along; we could pay all issues at Lam
bertville.
Q.-how much could you pay in specie
Al cannot tell; we could pay all our issues
and deposits there.
Q-What was the amount Of your issues aud de-
posts in Lambertvillc
Al cannot tell the exact amount, nor pretend
TO give anything near IL; We did a snug business
there IN a small way. (Lsughter)
q -(By one Of the receivers Where are the
remainder Of the books not obtained by the re-
ceivcrsl
Al had no access TO them particularly; might
have had, suppose.
Odd the amount Of the issues in Lambert
VILE exceed 100000
Al cannot say; ] should think they exceed
$1,000
Q-Didyou keep register at Lambertyille OF
the amount Of notes you issued
Al believe We Old: don't know positively.
Odd not Mr. 81. John or the managers in
form you that Curtis & Mitchell were about TO
discontinue redeeming tho notes Of the bank
He did after they refused to redeem, but be-
fore that he was not there.
Odd Mr.. Holcombc know Of the agreement
with Curtis & MITCHELL
Al don't know that he did; he know Of the