The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-06-17


knowledge Of these payments from the bank at the tins
they made without his knowledge and without
the authority Of the directory
MIR. sullivan, director re caled-By Mr. Scott Had
no knowledge Of authority TO Mr. Collier 70 make
these payments 10 Dir Wood When you examining
the books after the failure, examining IN the next
ROOM those receipts; knew nothing about them before
By counsel for sccused-I knew nothing about t-ho~
the money got out
by Mr. scott-I knew anything about Mr.
Wood
Ry Mr. Constable. for accused only examined
the books a committee, while director of The
bank IL was in 1877; Mr. Collier did MT act ~ d.
rector there " directorspue in lI,vre
de Grace and set In New York. ami they mutually
agreed that neither should discount exceeding
$500 without the consent Of the other / don't kn9.
whether discounts at Havre 4, Grace would pay
penses or not We had loan Of $40 900 ri per cent
we were generally careful Of discountng requiring go
paper and two good endarsers. MIR Collier reported g.
the board that Charles God good n New iors gni
stood high with the New York board Of directors
Mr. Constable read an entry in II tn bpo. II ~
September lb4T designating by authority Of director
Nm Apologize and Ira YALE, agents Of h bank p
New York ana authorizing each 10 take sa,So e. thr
banks notes for exchange. sc
MIR. sulliyan-That j. erroneous entry I never
gave any UGH authority.
| Mr. Constabe-Il.re il is
| Wnees-A man may write anything in the books.
Mr. Constabe-tiere again we mud ajb vemoer.
lsi. William Apologize al horized 70 act ~ Sse ~ u tie
bank without personal liability and We nnd het the
oath, as h. re recorded administered 10y z Nicko
to Charles Wood and others Ne" vrk ~ directors ot
/ witness-Never saw wo,d. 10 my knowiei-c
MT Nickol caled--By Mr. Mr. scott--p,a yo- ~ iains
4 ter this oath to Charles " God
i A.--Never the
/ A yoice-Neyer will | reckon.
Mr. Constable asked if witness recocc.e. .oearUs u
Mr. Stryker Conner, and others OF New Dra as s-e az
rectors in that city.
| Witness-No sir.
Mr.. Scotland jet they are 1T down I. II, .sal Il
cords, by Dir Collier, a. being sworn la % you
Chss. A. Cole. director swornI counted the money
on hand, June LIST. 1850 counted oao pue 81 ne rat
and multiplied it by the number OF pdes Of e4 , 1.us
and the amount $40 000. and thcr, al.p noe
copper; had knosedge of the wood discorUos anil
the failure II the bank yes sir thinA bare bee "a.
u " t. Il X LIS
called MIR Wood; he was short stout
ross.exAmined by MIR Constable - cue Of tbs
original directors do not suppose as tnr eats STOCK
paid IN was sent back to New York month attef tas
bank started
sum to Apologize Of &c CO., Two utncr ps.ne Mt al
$4,000 10 Wood and Apologize; another vi 5000 *uc-
thor Of $4,000, amounting to $4,000 hypotaeeatd upon
in several cases a. agent TO circulate t0e notea q the
bank and here We have recorded somt $4,000 money
We oil know that he bank sought TO cieaae - money
and that the object of ITS creation Tedec9u2 Il
another branch II he subject.
Jacob Hoke bank director swora - nothing 81
Woods discounts any authority IN ten. vas 10
formed 10y Mr. Collier four dsys befofc iaa baak iei
that instead Of discouutirg al SIXTY ds csea IL "
at nnety-such the condition = gar tBes; &sstI
Mr.. Collier whether or Mr. sappiugt. r>l me most
money cut he said had then "a scouts l't t.As
out any more YES sad he 'ners ~ eE q pa
funds debt in New York, you may tate nDt nrvor
mind but did not take it j! .onD lelct il
the bank the nth August, in NJ Ca,es oa.'. Il.
Collier said we rather in a bad pt.u lla Ntte
"We" said |, how we be IN naa +, attn t93u1a
paid In. ard only s3joU0 paid OUT & so. 81. tavu
burst out crying and laid ~genem.n / q = teA y-2
and its al my fault
Mr. Constabe-Yes, it was paid ~, Z tae MI. y3r.
directory. suppose. M TAXI out by t#.Nr
WIN. " Nerdun. temporary duvcior sorn -be,a-a
the bank failed mad some talk wan ~ Y I&n- el ue~
bonds for Mr., Collier, thr cashier
Objected TO- but Court ruled ia the (. tiuant
Wei, renomber Mr collier t.A.a 81 H. u
bords and Il substituting Wood a. -arey IN t6s p..
q Mr. Beach. 1 asked Who Wood le s'i0 W.
New Yorker. l asked II h. was tae Mood 81 Pot
Deposite, and some others rhat sprv oe-t1.c D.
mt tnE nsh ~ him .a y "a
think be said Wood was IA The =" Aofs 81 ..,a.
that tie name q Beach with other, 49, acAot q ihe
o'd bon, n Golfer and that Chsr 90 "# +. A'h7
~ Constable producrd the pspoi y q, x ,'ad
ssEsd snd sealed sc, by chari"s Wood sa@ ois,r aud
L j. aid o. lie A. good n bond a. the o.s
pr. Hopkins recalled -sa'e q Apes II 100 ~
shares a Hayre de Grace hank tfen.s.r-1 tfou he
name a Wm APPRECIATE t. Chsfia- y ao~. Daus without
my kncvlsdge. Or authority has. lection Of Il
rssa, Sg ~ VA ssca sssn - 90 s
Charley WOOD tin the explosion II tie bank After which
\ thc court took recess tin r. NJ
cyrus huntington sworn Il acted sometint a. cash.
cr 4 H. bank in the abeuce II Mr. Collier kaes NJ
thing q tie transactions with Wood tn tn fhe u the
\ Mr sullivan recalled by Mr o,iver-Dd 80 aa,w
any q these New YORK stockhosiers' " aeat--5ip.os
Beach L the only one knew. . DID gau CONSIDER
al The other fictitious percentages aud tss foes
Beach was the oply man 10 b. found u the Ner sork
board A-No sir; thought the 50 te.s1r' ~ste q,
rG tds stockholders and directors bu 70 MOI tahk
- how never saw any Of them atywa.s, except dr
Beach
by Nr Scott suppose "a. SIR 81. WOOD rsrr-
sentsd tAe New York stocsh1d-rs toear tao h-l 49,
/ Collier represented Wood, havs sa.'A syrfAi
i MIR Coustable--whai la Nr Beari I. .s.,A tls'
Mr. Scott want 10 sh0~ thu, VI f.4 i she man,
and thst all III, rect mere "a ~ rulely act-
tious Or imaginary people
Mr. Constable-Nhst Of th.t' 4. y. Ias practice 81 al
banks to i.sue stock aud lf.a-s ysrsDuts
II j. the practice Of every baus - w.rvaaa 49, -
the Lask in some $4,000 paii ,4F.au. agt.t.l.
& rero at.r#
ng the only bona tds man Z he t,t1t nau.y ge.a 4,
b. redeemed IN New lsrk Beitla,ar. = rbl~d #phiR
The witnesses for the prosecu1nu oIaf fN rsnoilpci
and those for the defence being call ~. E couB.0
anfwertd that tn should not fusth, t.ag. tbo urs
In the taking a testimony. III bsnY sL sa3 sIf
feient for aeuuittsl
Mr. Scott thea submitted thai th. tn.sc .t 49, -
fsctiye that the real Transaction .st.. r. &. fr a
but when The Indictment did MT reac ,r"' tet r.
q ihose tremendous fraud upon tn rsa rs .atgat
not 70 pas unpuuished n ha- berb ta. ..rNr
got up for fraud The thery II tir r-. il .as Il
va fraudulent from the hfsi aud tla ri. II isht
therefore q 60 free II poor frts sta4 ala.
steals sheep, TO Asy the patg- II It4Ia. . t5u tI
Nhat ought 70 b. the penalty Of delp,s.t p.-a4 .,as
the whole community. This ind,cttnral t.t,.i..t !
DO not mean 20 csst any ceusure upab I'D. iu'e tut
lawyer vho drafted u; but Il doe "a. .ee a.
i not definite Il lccs not -pecfy tn, tes ct
Il ter, or amount q the fund.- emt..ts = c@t 49,
simply the embezzemcnt u ten thou 49, attsfs e.
practice in England (ee Cbitty) re4uirs. t l.rt.a,t
e. b. speeifc pos-iblcthat tiis. = t.a, -
embeEz nj a. ~ larceny lie sts.d TAIL t tsl IT,
ment D. quasled With the view ~ dsar r.
one The prisoner could b. released IN h.. & o. 49,
Mr Constable -Thi. would b. = uossi.. .s8e.-t -
prisoner sfter sevtn months conHneuppn .rf..t. -
the state. and r.. upon the ndictm. tn te0 -
verdict j. % have HI indic tment qua.h snt N ~
subjected perhsps q another long my. .lt.Gt Tie
T., tmony does not show that a. emb,ggi.l ta -
cent sav RON the hrst that the iDd a.nt ss.
worth pinch ofsnuf But thai .e. f-rt
I tried on ", anu ssss verdict a me- uults
Between The Judge Hopper ard &C.. - -
question rssed = he power q the 1err ..aus- "a
indictment a. this stage ~ ths prcreec.n. th rt