The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-10-31
The Alleged Wall Street Fraud.
MORRISON VS. H0U0Hr0N.
Art

Have you ever loaned any money on G. r. Hoyt's
checks which dated aheads If So state when and
whether such loans belonged to the matter in ques-
ton, and how long such checks had run. A. 1 have
never loaned any money Hoyts checks dated ahead
q Look at the checks shown you drawn by Hoyt,
amounting to $4,000 upwards, and state if any Of
them were dated ahead at the time they received
If so, state which Of them A. Not any Of them.
@ Did you have, prior to the transaction in contro-
versy, confidence in the checks of Hoyt which
loaned to you and for which gave collateral seca-
rityf A. l should not have given consideration for
them II did not.
O. Did you in any instance, ask if these twenty
checks were all right A Not in any instance
O. Did you at any time advance uncurrent money for
any of these checkss A. Incver did.
Q Did you ever give any money Tor any check Of G.
r. Hoyty A. think gave him uncurrent money once:
he gave us State money and We gave him uncurrent
did you give uncurrcn money for the ono thousand
dollar check mentioned in your aldav it A. did but
was depostsble in the bank.
@ At what discount A. Some at n, u. &c; II was
the same We allowed him.
g Mhat interest did you eharges A Seven per cent
. What was due ON this transaction A. Seven per
cent, or what would have accrued
q On the whole transaction. what interest charge
ables A. Seven Per ccnt.
O. And that interest ciargeable all the money
that was paid that day, A. On all OF the trsnsac-
tons except the 81 200 check, which supposed would
he paid that day
O. Did you expect the defendant 10 make deposite to
meet all the checkss lie told the 81 500 good,
and could not therefore expect he would depost for
that the other he had the gold uncurrent
ney to deposite for.
o. Did YOU expect him to deposit the uncurrent mo-
neyf a. Yes; il was so understood
q lfyou expected him 10 deposit the uncurrent mo.
new who was the interest chargeable tos A. Uncurrent
money Is chaygeable BY the banks Mt interest
Q. When did you expect him to deposit the uncurrent
money A. That night.
whether The checks were good not why did you risk
him in relation to the - 2p0 did not risk in relation
to that check 1t WAS in relation to the 81 500 one.
O. At what hour did YOU commence to balance your
account A. At three O'Clock.
Examined by counsel for complainant--Q Did you dis
cover the discrepancy in the line Of gold that night
A. did not until the next day.
q Was it cash you received on that check you mon
Eighth Avenue Bank, paid By DR. Sanford, the cashier
OF that bank
O. Was the endorsement on the 81 200 check maid A
1t was paid in stock, to be held by them at 80.
Question by defendants counsel-Have you since you
received the bank stock spoken of transferred It'll and il
So when and to whomf A. did, to Mr.. b. J. Levy on
the 2lst of July
The defendants counsel proposed to read the affidavit
OF Mr. Morrison made in the Superior Court showing
discrepancy between the amounts claimed (Read to the
Counsel for complanant-o. Do you know E. L.
Houghtonf A. Yes
O. Do you recoliecs his making any repre- tons
to you about the loss OF sS,oooy A. do
o What Int did he sayi A. He said he had lost three
u, 200 bills on the American Exchange Bank.
q How came he to say that to your A. 1t was to
pay me for o check to that amount
he had to pay you So 900, and he said he had lost
20 600 in one thousand dollar bills this bank, of
bis pocket A. Yes.
Q. Did you see three one thousand bills in the
Eighth Avenue Banks A. l saw on the ODD Of June
three one thousand bills in the hands of Mr. Lloyd. in
the Eighth Avenue Bank
QcIy whom we're they depositcds A. can't saw
Q. To whose credit A. | don't know.
Q. What did the second teller tell you about these
bilsf Collected to BY counsel for defendant and
tanned By the court,)
g Where did you learn they froms object
ed to, and objection sustaned.)
O. What time was it you saw these blss A. Between
Sand O'Clock.
Q. Who WAS with hims A. Mr. Morrison and Mr..
Sanford
think he had.
O. Did you know the object Of Mr Morrisons missiont
Q. 10 you know since then what his business was
A. Not exactly. | kne" there was some difficulty BE-
tween them and supposed they settling.
T. 10 you know II there bag OF gold in the bank
then. A. Yes.
Q. Was it the bag in question: A. Yes.
q To whose credit was it put A. don't know.
@ 10 you know Of an account kept in that bank by
Hopghtons A No.
Q. 10 you know Of one kept by Hoytg A. Yes
Q. Did you ever g. r. Huyts A. No.
@ ~ whom Nas Inc deposits Of Hoyt made; A. BY
Houghton or his clerk
@ Was ever their account known by the OF the
Trinity Account Objected to and sustained by the
O. How long after the alleged loss Of the So 600 by
Hough,on did you those bills in the Eighth Avenue
Bank
Court-He has answered that question before
BY Counsel for defendant-Was not the checks
Houghton owed you drawn by G. +. Hoyts A. 1t was.
bag Of Mr. Morrison's gold; took the gold from Mr.
Houghtcn as security for the payment of the check
Court.-Q For what did you hold Houghtons check
A. In the evening of that day gave him certified
checks for which he TO give either bills specie
Q. Who drew the checkss A. Could not say.
q. On what bank was its A. On the Eighth Avenue
Q. who was the drawer Of the check A. 1t was
hp IHanf aahf M fhp tnhf
Bank think.
Q, What you to do with the check A. We
to get either bills or specie, from Houghton; he
to cash it on the credit OF the bank
Q. And you gave it to him for that purpose 2 A. Yes
Q Did he cash it, A. He did, by giving me Mr. Nor
O. who was the drawer of that check, to the best of
your iudgments A. think 1t was drawn by Mr. Sand
@ Why did you give him credit for that cheeks A.
Having had other transactions with him, supposed he
would give me equivalent for it Immediately.
Q. Why did you certify his check A. Because had
instructions TO do
Q. Who these instructions FROM A. From the
cashier Of the Eighth Avenue Bank
By counsel for defendant-Q This was not the first
transaction OF the kind wherein gold the depositS
Q. What was the money bag labelled A. -, 200.
Q. Are yon positive whether It was the president or
the cashier that drew the cheeky A. am not.
by counsel for complainant-Q Had you seen the pre-
s1dcnt that days A. No.
YSy counsel for defendant-Q Were not certified checks
Irswn in blank by the PRESIDENT A. Yes
Gourt-Had Mr.. Sanford an account with the bank
A. think he had.
John Il. Lloyd being duly sworn, deposed that he was
becond teller Of the Eighth Avenue Bank; knows Mr..
noughton recoilectcd his being in the directors ROOM
long with Mr. Morrison and M SANFORD, on the
hon referred TO; Is relation to Mr. Sandford
nw him unti he ceme up there In March last as their
iashicr.
o Did you see three 81 900 bills there in June las
A. Yes,
@ BY whom they depositcdS A. By Houghton,
in the name OF G.. X. Hoyt
@ Where was Houghton thens A. In the directors
room.
O. He was not behind the counter A No. we never
allow any one behind the counter.
Court-Did Hodghton make any other deposit there
that day. A. He made deposit Of So 900 at the branch
down town.
O. Did you ever hear Of the us being LOST A. did
q. Who told your A. Mr. 1owis he said that 50, 900
had been lost down town. nd, looking ut the SO, 900
bills In bank said thosc are they, suppose
said did not know.
a nv the Hat TAD