The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-02-13
Alleged charge 81 Embexzlement pending
against Frederick ID. Robinson.
Before Justice Nountfort


SECOND DAY OF THE INVESTIGATION.
The investigation in the pending against Ere
derrick D. Robinson, . charge Of smbszzling money
IRON Col Russell Jarvis, growing out Of some stock
jobbing operations, WAS resumed. General SANFORD
appeared for the defence, and the examination
Of Mr.. Jarvis was continued.
Qusstion--Aftsr the purchase Of the Long Island
nsrkstl
Answer.-I do not recollset whether it did or not;
Cd. you not Ino. that it was sold :. low q. ton
per cent In the course Of TIVE mouths after the time OF
Al know nothing about the sale Of . single share
after that time but perceived frequent fluctuations
Of In tho newspapers, and was inforsd Of ductua
no. Dy M .S. s.n.
various stocks you have mentioned In the habit of
watching their fluctuations as reported In the news
papers daily?
Odd you not see Long Island stock reported
tSs time Of my psrohssins the 100
shares Of Long Island stock the last Of April 1850
and my verbal order to MT Robinson, to sell said 100
order to him dated. January 23d 1851, the nuctus-
tons were about ten per cent to twenty ve cent
twenty. Ave- when each Of such orders was given. 4
Q.-Will you please to answer my question?
THE witness here stated that he had given tho an
swsr. Counsel for the defence denied it was an an.
swer to the question. The magistrate decided that If
the witness recoects that the stock reported at
ten p>r cent, he must state so. The question
pested and answered as follows
Own ysu please to answer my question, as to
whether you did or did not see reported, the Long
Island stock at about that time within sixty days
being sold at ten per cent after the purchase Of said
Al do not recollect whether it was as low a. ten
per cent within sixty days amer said purch Sc but
do recoeet tn t it low about ten per cent
twice between the said pur chase and the 23d
of January 1851 but at what precise periods it
that from the purchase to the sale Of the Reading in
November 1850, MI Robinson frequently said 1t would
rise, and always expressed good opinion Of it,
giving Is . reason for such good opinion, large pur
ehases OF it by Mr.. Jacob Little, and others.
Q.-Did 1t not continue at about ten per cent from
from the month of May or june, until the month Of
November, 1850?
A-Accoroing to the best of my recollection 1T did
not, though may be mistaken for distinctly reool-
lect that 1t high as fifteen and half,
sixteen at least fifteen and also at fourteen, and
fourteen and half and thirteen, and thirteen and
half between April 30th and about the middle OF No.
yenber 1850; and my present preston is although
/ will not be positive, that 1t ct each Of these
prices between the LIST Of May June and the middle
Of November 1850, but not having looked over the
quotations since that period can merely speak from
general impression.
Q.-Ds you not know that Long Island stock sold at
10 cent between the first OF April and the first OF
Al do not know anything about the actual sale
Of single share of that stock between the dates last
mentioned, excepting the 100 shares whioh ordered
Mr. Robinson to purchase as aforesaid for, not being
u X,
the sale purchase OF stocks by any other person
than myself and can only inter such sales or pur-
chases BY others from what other people tell me- and
fro m the stock reports in the newspapers.
g.. Do you wish US, then, to under stand that you
have NO knowledge of Long Island stock being as
low IS 10 per cent, in the market between May and
A--As raid before have no knowledge OF such
fact excepting from newspaper reports ana the state
ment of Mr.. Robinson and perhaps casual CONVEX
eatons In the house by Others.
Q.-From all your sources Of information, did you
did you ascertain and believe that Long Isa nd
stock sold in 1.-THE New York market at about 10 per
cent between May and November, 1850
A.-Prom all my sources OF information, I ascsr-
tanned nothing the subject presented by the ques
ton; but believed the reports which read, and the
representations made to and between those dates
did mention 10 per cent though DO not accurately
knew the time or times OF such price between those
Q-what was your next stock operation with Mr.
Robinson after the purchase OF the Long shares
A.-Fifty shares OF Reading ordered Mr.. Robinson
to purchase think, come time In June, 1850; but
the date lie torn from . memorandum given to Of
said purchase by Mr.. Robinson, cannot state
rately; but without consulting me he sold the
stock / think the next day after, at loss, and
told me that he wished would purchase no more
stock Of any kind, for he wished me to be a bear
his Gales; that when he made dollar in sell
Ing stocks should make half Of IL divide 1t with
him. which proposition declined The loss which be
reported SIS Is, and now believe that he mel.
tier bought said lot OF Reading stock and that
such Representation was fraud ulent and am led 70
this belief by the many falsehoocs Mr.. Robinson has
since told me concerning the 400 shares Of Reading
.o.-who tore the date of the memorandum and
when!
At was presented to me BY Mr.. Robinson in lie
present condition; but then having implicit coma
dence In him thought 1t Of NO consequence or rather
/ did 4 OF think about IL at all
Q.-When Mr.. Robinson gave you that memoran.
dunn, had not Reading stock already fallen about
per cent below ths price at which the SO bought
and could you not have then replaced the stock
advantage of per cent to yourself
Al do not nov recollect what was the price Of
m Mh han hat M NJ N - "a
but ~ IL contains both the purchase and sale q said
20 shares must have been given to after said sale;
and present i'm precision L. that II the next day
next but after said purchase The price Of pur
chase mentioned In the memorandum lie As per cent,
and the price Of sale 4c's, both, apparently In Mr.:
Robinsons handwriting; AID have no recollection OF
his having given me any other memorandum Of ssid
purchase sale at about that time, but ready
isct that could then have replaced tina, stock at an
advantage Of per cent TO myself but the reports Of
the time: viii probably show.
Odd you at that time admit that account or me.
moran dunn TO be correct
Al did, for had then implicit confidence In Mr..
the stricte,t honor and had previously told him, at
him as broker, that men trusted At IAN trusted
tsments
Q-Did ycu pay the balance Of this last trsnsso-
Al did not, but IL va. included in his account
presented in November, Of the sales Of the AGO shares
Of the Reading.
"
400 shares OF the Reading.
Al have already stated have returned II 20 Mr..
Rebinsen at his ireqaest At the intervis. when be
, rtsentedit.
Q.-Did you furnish Mr.. Robinson with any money
TO purchase those fifty shares Of Reading
Al did not; but expected that loan would be
obtained on them for part, and deposit would Be
called for.
Odd you not admit that a balance was due by
you that Transaction and that you mad not paid e.
Al never made any distinct admission 70 that
effect, and once twice tsla Mr. Robinson / ought
- ku~.o ia T.hn mt hav~
Objected to IL had he paid what due 70 prompt
" IN the sale Of the 400 shares Of Essding
q III the purehase and sale Of the atty shares Of
Reading had Melted proat, would you have claimed
it
Al cannot cay; I probably should; and my only
objection TO paying the loss which shoald not
have insisted upon 81 not thst Mr. Robinson sotsi
precipitstely, and entirely his judgment, in
selling the stock, which was bought entirely my
Judgment, and contrary from HE advice. and though
Reading stock did fall slightly about the time Of said
sale " began to rise after and continued rising
till IL reached points between 20 or IS per cent in No
vemher or December, 1850.
Q-Do ron know this from your own knowledge. OF