The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-07-30

Q.-Look on the last page of the book (exhibit
10 and see the check marked Sept. 29, 1916, for
5000 60. Was Mr.. Hocombe charged interest on
that sum from that time down to Jan. l, 1871?
A.-Ihere was no interest charged on the checks
after the money was drawn out.
Q.-Was interest charged on the sum of 81 DIP
against Holcombe
| A.-Certainly not.
Q.-When st. John returned from New York.
ana informed the managers that Curtis & Mitch
ell refused to redeem the notes of the bank. had
the mortgage been then executedt to Holconoe!
A.-Mr. Holcombe did not know till after the
mortgage was put into his hands that these m had
refused to redeem, or the bank had failed
Question repeated.
A.-Ihe mortgage was executed the next day,
or the day after st: John returned
Q.-f gu know tn at the mort gage was executed
Mt the time it was made Did you receive it. or the
agent OF Mr.. Holcombe 7
Re-examped by Mr.: Halstead.-The mortgage
was executed and put into the hands Of Mr. Wake
held to get it recorded that night at Fleming it
was so done and the mortgage returned in the
morning; took it then to Mr.. Holcombe, and told
him 1t must be sent to Doyestow to have it reoord
ed there also this was done next morning: and tn
| young man returned with a receipt specifying tn
time Of the day it left there; this was ali tn
agency had IN the matter, to deliver the mort
gage to Hr. Holcombe.
| q. (by Mr.. Scudder)-When Mr. ST. John re-
! turned from New York on the day before, or two
Gays gay before the time the mortgage was executed,
did he tell you of the failure Of Mitchell & Cur
lis to redeem the note ofthe bank
Ale told me Mr.. Curtis had been in the
western country somewhere, and returned to Phi
ladelphia; and instead Of telling the redeemag
agent he woald stop payment, he sold the notes to
other brokers, who made a run upon our redeeming
! agent there, who ran upon US.
! Question repeated.
Mitchell to redeem the notes of the bank, before
the mortgage was executed
A.-Ony what told you before.
nOff ha pfnr frnp,
John you told US before, did you, there get
the mortgage executed
A.-When MIR. St. John told me that story,
told him that we must have our honest debts
paid; mean the debts contracted at Lambert
vile; the money was returned from New York,
and this package came from New York, after
the execution of the mortgage we had not
stopped payment till after the money came from
New York; paid debts / mean Lambert
vile debts; depositors there; believe we paid
them all off before the money came from New
York; we paid the principal part, and subse-
quently paid or satisfied the whole of the deposit
tors; we paid out in money or funds, or notes of
hand.
Odd you ask Mr. ST. John if we (referring to
the bank) were hopelessy ruined, and, if SO, what
answer did he make!
Al said, ''Are we ruinedp' he said he tho 1ght
it would have that effect, and BIO tol me how it
was; then said, eve must pay our honest debts
here;" we did not consider we had failed then; we
executed the mortgage that day, or the day after,
John Sutphen sworn on the part of Mr.. Cole
is, | was clerk for Mr. Hoxie, who had part of the
office; it was 63 Wall street, in the basement; re-
manned in that Office from 1915 till April 1, 1917;
MIR. Coleman was not employed in that Office in the
years 1911 and 1913; during that time he with
Mr.. Thompson; mean in business with him.
Q.-Were any Of the notes of tho New Hope Della
ware Bridge Company marked when you were in
the same office with MIR. Jenkins, and if 50, by
whom
Al marked several packages Of them myself;
! was once two or three days SO engaged; did not
know the meaning Of the park; it was year before
Mr.. Coleman occupied part Of that office;
marked them by the direction Of Warren Jenkins.
Q.-Haye the notes Of the New Hope Delaware
Bridge Company been sold in the city Of New York
since the bank failedl
Al cannot say
Q.-When the notes Of the bank were bought and
sold, before the failure Of the bank, any dis
tnction made on account of any mark on the notes!
Al should think not.
Q.-Was Mr.. Coleman present at any time when
you marked those hottest
A.-No, sir.
Crosse xamined by the Receivers.-The mark |
put on them was w; cannot tell the amount; I
was some three days marking them; | marked,
should think over 5000; they were twos, three's
and ives; could not say whether there over
5000, but marked $1,000 at least; Mr.. Jenkins
marked them also; was not aware why the letter
NV" was put on. (Wtness identified a number Of
those he srked.) Ii was in the last part Of 1916
first Of 1877 that Mr. Coleman came to live
there's marked none after that; having leisure, Mr.
Hoxie asked me TO do IL for Mr.. Jenkins Mr.. Hoxie
moved across the street in short time after, namely
April let, 1917; Mr.. Coleman was never present
looking on when was marking the bills.
Henry A. Filley sworn on the part of Mr.. Cole
man The notes Of the New Hope and Delaware
Bridge Company we're bought and sold in New
York after the failure Of that bank; bought them
myself as broker, and also rs clerk for other
brokers; know of no difference in the notes on NC
count Of any mark; acted rs clerk for Mr.. ). ).
Foster broker in Pearl street, where purchased
the notes since the failure also for A. G. stevens,
in Wall street; FIRST heard Of difference
count Of mark since ] came into this room; was
three years and half ia the employment of John
Thompson, 81 Wall street; | commenced in the
month OF April, 1874, and continued till November
1911; Mr. Coleman was in business with Mr.
Thompson two three years; he was in partner
ship with him when went there; they dissolved in
1876; MIR Coleman left him in November, 1916; for
a month 50 he trided about; think he went TO
Canada durins bat time; in the early part Of win
ter he took an Office opposite Mr.. Thompson, and
commenced the exchange buslnc2 again; 1t was
No %; money exchange was the burmese OF Cole
man x Thompson when they were ~ rtrtner-
ship-buying and selling uncuuent money; ] think
they were together for four or Eve years; Judging
from the books, they we're partners two OF three
years before went there.
CrosSoxsmined by Mr. Runk. one OF the rcceiv.
ers.-l am nov a clerk in the Broadway Bank; In
1871 was, for shor. time, engaged in the busi-
ness OF broker, with nephew OF Ihompson; the
Office was at b Wall street, We bought some OF the
notes Of the New Hope and Delaware Bridge Com
psuy, and Of other broken banks; all the money we
made was by the bills Of broken banks; ! think We
paid 10 cents at fret but after time the price
went down TO 10 or II ccnts | cannot be positive
that sold any Of these notes to Mr.. Coleman since
the failure. but know that frequently went into
his Office to ask what the prices were; he always
Informed me, but don't know Of his purchasing
any; ! went to Coleman, because ] considered him
COED authority; that office had been the head quar-
tiers Of New Hope money, and all that had been ia
ken Of IL in the street brought there to be
redeemed; Mr.. Jenkins had bis Office there; don't
know when Mr. Jenkins left; Hoxie, Jenkins and
Coleman occupied different portions of the same
Office, 63 Wall street, ! never knew Mitchell.
IL being then near seven o'clock, and there being
no other witnesses in attendance, the case was adj
iourned.
Mr.. Soudder. on the part Of Mr.. Coleman, said
be wished the Receivers 10 place on record the fact
that they bad admitted other notes marked with
the letter w, and they had given n certificate,
which his client had borrowed for - for notes With
that mnrk. ON the IRh of MAY lnnr nffer Mr.