New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-03-10
The LATE WALL-sT. OPERATION - The case
of James Mckay and Joha P Cryder was resumed


Of James Mex ay and Johl Cryder was resumed
on Friday afternoon before Justice Lothrop
Nalt,r ilonSers recalled There WINS no written
agreen ent between Jsudon Co and Cryder 70 my
knowledge relative to our business the written agreement
signed by Jaudon was executed al the Irving House the
5h Of November. al the time the was c0mDle.ed
did bot know that there was than Mr. JandOn
Herman c. adams sworn-I am broker doing bust
ness al Al Wallet am acquainted with James Curry
Quaion-snce the 5lh Of November last have you been
employed 10 sell bonds and notes Of the Milwaukee and
Mississippi Railroad Company
This question was objected to, and then follow.
ed lengthy arguments by Counsel on both sides
relative to the admissibility of the testimony.
The counsel for the defense then waived further
examination in the case and asked the m agistrate
to commit Its prisoners or fix the amount Of bail
This Justice Lothrop declined doing The ques-
ton asked the witness was then answered in the
affirmative.
first employed to eel from $4,000 to 100000 OF the
bonds In question about The middle OF December las;
vss employed by James Curry did offer the securities
for sale effected sale OF some Of them sold $50 600 10
hr Bsrnum, through Mr.. Charles T. Cromwell; l sold
with the added; previous to selling the $50 600
pledged 81 900 Of them with VIM p Dickson spectators
ns once 10 broee"Ay between Dey and Cortland SITS;
pledged he BONDS In December and borrowed 81 j65
them from Mr. Dickson borrowed the mJney for Is DAVIS
ara paid to Mr. James Curry; left the s. 900 in secur
es Win Mr. Dickson received them from James Curry;
then applied 10 Mr. Cromwell to purchase the bonds
made bargain with him TO sell $4,000 Of these securities
a. ~ per cent; the understanding was that he should ad
vance $1,000 the purchase in the should not
PToTe % &c ~ me rss Paynent Of soG made
ceeds ofihe check to james Curry few days after ward
check for $500 10 the order OF James Curry
Bank; the next sum was about the same which | re-
ceived from Mr. Cromwell; delivered him hrSl So
the time he had paid the $1,000 delivered him $4,000
worth Of iecures, making S50eOo the amount which be
10 purchase; the time he had the $4,000 In his
bands he had advanced but 0O0 there no written
contract between US he advanced money 10 me- fro time
to time afterwsrd during the month OF January, which
paid 10 Mr. Curry the $50 600 of securities were in pack
ages OF about $4,000 IN each Mr. Curry delivered the
packages to me and delivered them 10 Mr. Cromwell
who opened them In my presenter there single bond,
note mortgage Of 1900. ofElisha Goodrich; sold
thstto Mr. Cromwell in January got this from Mr.. Cur
Ty ana sold il at par and interest added; for portion
OF II ] received payment in real estate and
the balance in money the $4,000 IN securities pledged TO
Dickson took up and returned to Mr.. Curry who fur.
nshed the money FOR get them from Mr DicI
the res estate which was to receive IN payment for some
subject mortgages think about $1,000 the deeds
were not delivered TO me- and have no knowledge whe
Their they delivered; they TO be conveyed
10 Mr.. Curry on his order; the written memorandum
about the matter is in the hands Of Mr. Curry have
II myself; offered for SALE beside what Mr.. Cromwell
got, about $4,000; think Mr. Curry Ols there were
$4,000 or $4,000 Of the securities; when he first
pOyed me- he said that there for sale about $50 600
OF NE bones amer made ne arrangement with Crom
well to sell him the bonds Mr. Curry told that there
sioni l know William Curry; he is partner Of James
Curry, under the firm of VIM. & }. Curry the hrm Of
WIN ana james curry mad not 10 my knowledge, any
thing TO do with this transaction.
QUestiOn-Did you offer about $4,000 OF these
securities for sale Francis B. Cutting In the
month Of January last at 90 cents on the dollar and
did you Offer 10 take in payment Of bin Alarm Long
Island did offer that amount of securities TO him for sale
in January; also offered TO take farm of his Long
Island in part payment; do not recOect whether offer
ed them for sale al 80 cents; cannot recoect whether
Offered them at 80 cents at par my impression is that
l offered them at par
Gross Eranpined-Mr Cyder did not authorize to
oe these bonds for real estate The subject of selling the
bonds for cal estate not mentioned to me by Mr.
Cryder NV communications exclusively with
Mr.. Curry Mr.. Cryder called my Office to make
inquiry about some negotiations The suggestion
Mr.. CuuDR made by as broker. Mr.. Curry said
good real estate light be taken IN part payment,
Direct Reumsd-The Mr. Cryder present is the who
called my Office to make inquiries about closing
the sale TO Cromwell and seemed impatient snd ,ferred
him to Mr. Curry who had employed me; few days be-
fore this matter was closed up with Cromwell, met Nc
Ksy Mr. Cunys office with the latter, who introduced
to Mckay, and told me if had any communications TO
make Curry respecting the closing up the negotiations
with Cromwell, to make them to Mckay; told him
would Mckay present al this tins; Mckay told me
1st he would call my Office relative to the cosingup of
the business serw ard he did into my Office to in
quire about the time Cromwell would be able TO close
the buIiBess told him il would be closed In few days.
he called again in a day two for the purpose.