The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1851-07-21

! iIoldcombe?
! Q-Who redeemed your notes in New York.
=, A-Thos Coleman was the man that redeemed
! them from brokers in the street
| Q-Who else redeemed the l in New York.
! A-Nobody to my knowledge.
Did the bank ever appoint Coleman az agent
Q.-what composed the amount of the $4,000 due to
lloldcombe?
A Various items Of money that the company had be-
fore received OF him.
! Q.-state the items
| V.--Was Holdcombe present when the mortgage was
| made,
A-No 1t was delivered to his agent, John Coryell.
! the man VII attends to his business
| Q.Where was Holdcom
Al suppose he was at his house, out of the village
Q-M no delivered the notes Of the bank to Curtis Il
| Mitchell sno for the bank
| A.-Narren jenkins.
Q.-Who delivered to Jenkins
Al did.
| Q.-When'
Al cannot state the time certainly think as far
haek as ls46 and at different times far back 1s44
Odd Curtis & Mitchel place any money in
| your hands to meet issues Of the bank?
Al don't recolect that they ever did
| longing to Curtis & Mitchell
Al think not.
Q-Did Curtis Mitchell have any money of the bank,
Al don't reco!h ct making them any discount or
specia loans except the made under the contract
and what Jenkins paid them current deposit
which the company had with Jenkins which he paid
to them.
Odd Jenkins receive from Curtis i Mitchell for the
notes paid over by enkins to them
Al don't know that he did
Q-po you know that he dad not
Al don't.
Q.Who signed the cOntrsc. you mentioned as made
with Curtis Il Mitchell?
Al think signed IL
Q-Who else signed it
Adults Mitchell signedit
Q.-Any body else
Al think not.
WAS this contract authorized by the beard
Alt
Q.-uow
A-By their resolution
" - Dada NV urti. e MfaI,aJ Ia
bsct this contract
A-Yes deposit of 500 900 of the stock of the New
Hope Delaware Bridge Company.
Q.-Wbore did Curtis & Mitchell get this stock
A-They bought it Of Warren jenkins.
Q-Nhere did Jenkins get it
Ale got il If the Columbus Insurance Company.
Q-Where did the Columbus Insurance Company
A.-They got 1t of various individuals
Q-W ere you one of those stockholders
Al was one CT the stockholders that sold to this
Posted by Curtis & Mitchell, but vas deposited 10Y
them by Warren Jenkins
Q-Nhen,
Al cannot state the date; the year was isi,
Q.-Was the bank solvent in lsi7
Ayes
Q-was this stock in 1si7 worth par.
A-fes- think it was it would be worth par now, If
they could Collect their contract from Curtis Mitchell
Q-How many notes wei outstanding when the bank
failed
Al cannot remember
o.-As near as you state
A.-Ahoui Sl2O,tOO 1t may be more.
Q-Was any besides the exchange for INITIATED notice
A.-None except those and the notes that jenkins
gave them.
Odd tho bank keep any account of the money paid
over to Jenkins.
A.--lCs
Q.-At the time Of the failure how much wa in the
ands Of jenkins, tf the notes Of the bank
A.-None, imagine
Q.-At the time OF the failure how many notes we're
utstsr ding that had been Issued ID jenkins
A-Cants1y.
O. state as near you can,
A.-The amount dus from Curtis md Mitchell would
lie $40 eco they had ied the contract
Q.-At the time Of the iailure, how many notes
outstanding that had been issued to j. nAins
Al cannot say.
Q-Mouid the books of The bank Il F ?
A.--Ies
did Jenains have any power Of attorney from, the
ank TO DO ANY Thing
A.--Net TO MY knowledge.
Q.-pd hc have any authority 90 transact business
for the bank!
Al don't know that he had
Q-Ihe sil0 OOV you to be due from Curtis aud
Mitchell how did IL get Out Of the bank
Alt was given TO jenkins, the n st Git.
V-At the time II was given 70 him, did he have any
contract with the bank?
AIT the time q portion If 1t delivered 60 Jen-
kins, the Columbus insurance Company had contract
with the bank made by Jenkins secretary agent
the Colun Insurance Company the tim, another
portion Of IL delivered nm, he had another
tract himself, Individually with the bank.
o-Was the $4,000 u the notes issued ns you have
stated comprised in the money delivered to Jen&o-,
Ger both ibosc contracts
A--Ncs.
Q-IIad the company failed previous to tbs Lat
failure
A-ycs, in continuation; know that all, but, very
small portion marked that delivered To Jcn-
kps, with the letttr"WN sfew Of them marked at
Columbus, list October" by Mr. Moody; think Thomas
h,tdy ea.hier Of tho Cty Bank Columbus there Is no
o.Hcre no. M the bills Of The bank marked in
vsy another
Al cannot sag they we're all marked.
Q-Wss tho agree unent, which sou say made With
Curtis and Mitchell sightd the dsy II bears date
Al tblna II vss 10 bat Il was signed about that
CIV hat amount II notes issued 10y the bank in
December, lsi7,
Al cannot say II Is Impossible for 70 toll
Q--Wbtn did tho bank fail
An Rec, mber. lsI7.
Q-iew long after dale Of the agreement 10 you
tuppc-c Il vas nigDod
Al ,uppose, in reality, It signed before.
Q-Ilop long before
Not long; the contract between jenkins and Carts
ard MitcLl-l will bot cal II acontractan emcnt
wac made according e the best If my recollection. bo
fore The iniTument dated with curtis acd Mitchell;
The agreement between Cults aud Mitchell. and Jcn
hDe ~as uoi maly sanctioned 10y ociug the members Of
The bsatd, AID separately explaining TO thom before
Executed; haruy think any funds we're issued un
dI thus couTact before bear date duplicate contracts
were drawn aud executed by Curtis aud Mitchell aud
were executed at IeoIbertsyiuc formally under rCsou
/ ticn cf the board
Qwas the same contract that wa informally talked
over With the directors signed by the bank aud Curtis
and Mitchell
Alt was.
Q-Did Gu, ia and Mitchell make any deposit In the
ktnk undtt this agreement
Al don't r,co1cct tnst they did
QPrfEious 20 the failure, ..y the day previous, At
what discount did the notes seH in the city u York;
A.-Une per ant. believe
| Q-in the month Of October. 1871, did Coleman in
que you IN relation to the credit and so,ency Of the
/ hank,
Al don't rtcoloct II had ssid anything 20 Mr..
Coleman IN relation to the bank II good that
b, its stock don mber when tie bank
ctsttd prior o. its failure In lSl7.
Q-Staic a. near az you can
Al cannot get at it, wh sny distinc,ness 10 my
| mind.
| Q-wc-c you president at that time
A-lwa
uN.., c,rt,oi ~os ,.;d A.; a, n IN a. ,.ss
/ A.-Noue at all rs capital
| u.-hbet sssets had IL
Alt had d. hts due to Il o. various binds from va
| fous individuals.
| o. How much specie
| Al don't rccollect.
| Q-How much circulation
4 Al don't remember.
| o.-Who were the various ndiviiuaAs that ospj the
tank at that time
| Al canno, pretend to rscolcc; tbs m all