The Georgetown news., 1855-07-05
The Affairs of Adams & Co.


above firm. Mr.. COHEN desires a. suspon
sion of public opinion until be proves tbo
affidavits set forth below to be false. as bo
alleges. We shall see; and trust that f.,
the interest of the creditors of Adams e. r.
and for his own honor as man, he nov
extricate himself from the charges-but i
appears very improbable. The Herald saws.
"Last week the report of the referee NV
G. Wood) appointed to. examine the A.
counts of Mr.. A. A. Cohen, who. upon tIo
closing of the firm of Adams & Co., was
chosen Receiver, was filed in the T ourth
District Court, and was confirmed. Amonr
the other items set forth by the ReceiyesS
was the sum of $124,566 % received n
cash from the various offices of Adams 4
Co. throughout the State. Yesterday Oh
the motion of Messrs. Ha1leck, Peachv 4
Billings, an order was entered against Nm
Cohen, the Receiver, to show cause why his
accounts should not be opened, and he be
held liable on his official bonds, on CHARGE
that the accouts were incorrect; that the
items for professional services, amounting to
$4,000, should not be allowed; and that the
$4,000 allowed for the compensation of the
Receiver was exorbitant. the motion wa,
based upon the following affidavits:
Mr. Henry Haight swearS that On tha
night of the 22d day of February last
had conversation with /. C. Woods, one
of the defendants in the above entitled ac.
ton, and during the said conversation the
said I. G. Woods told ME that the firm Of
Adams & Co., of which he was member
had then on hand, in the Office of said firm
in San Francisco between three and -four
hundred thousand dollars in gold dust and
bars. and in addition thereto, about twenty,
five thousand dollars in coin. This cOnver.
sation was between eight and nine O'Clock
in the evening. The Receiver was appoint.
ed that night, and the House was not open.
ed thereafter for the transaction of business
and this affiant is informed, and believes,
that the assets Of said firm, in the said
Office, passed into the hands of the said Re.
ceiver during the night aforesaid
Mr.. Carlile P. Patterson swears as fol-
lows:-'That | have examined the accounts
rendered by said Receiver before the Referee
in the above case, and by the said Referee
passed and allowed. In said accounts the
said Receiver had charged himself with cash
received from the various Offices of Adams
& Co. the sum of $l24,56l %; but be has
no where charged himself with gold DUST
bars. or bullion, or with the avails of anv
such assets; and this afiant is informed and
believes that the said Cohen, on the night
of the 22d of February last, and after his
appointment as Receiver in said action and
after his acceptance of said office, took into
his possession large amount of gold dust
and bars then found in the office of Adams
& Co., in the city of San Franclscet and
that the value thereof exceeded the sum Of
three hundred thousand dollars
Mr. John D. Sanborn swears as follows
L was in the employ of the firm of Adams
& Co. of San Francisco, as COLLECTING
Clerk, from the year 1854 down to the tine
when A. A. Cohen was appointed Receiver
in the above entitled cause of the 22d or 23d
of February last. And further say, that on
the night of the 2lst or 22d of February
by the direction of |. G. Woods. one of The
defendants in the above entitled action the
gold dust then in the Office of said frm in
San Francisco, was carefully weighed. The
weighing took place in said office at about
twelve O'Clock on the night aforesaid. / as
sisted in the business, and the value of The
gold dust was then and there ascertained to
amount to the sum of between three and
four hundred thousand dollars by the Clerk
who had the more immediate conduct of the
business. myself was Of the opinion that
the amount was yet larger than that, andso
expressed myself at the time. All Of this
gold dust was passed over into the hands Of
A. A. Cohen, the Receiver in said action,
on the night of his appointment
MIR. w. G. Wood, the Referee, in his ab-
davit, deposes as follows: 4 was appointed
on the 18th day of June, instant, by an or
der of said Court, as Referee to audit ard
report upon the accounts of the said Cohen
as Receiver in said cause The hearing on
the matters so referred was at the Office Of
Mr.. McAllister, the attorney for, the SAID
Cohen, and at the office of said Cohen aud
on the 18th and 20th of said month. No
notice was given by me to any of the par
ties to said suit, of the time and place Of
hearing, and none of the parties except said
Cohen, had any notice within my knowledge,
and none of said parties appeared before me
except the said Cohen, and he appeared in
person and by attorney, and no evidence
was submitted aside from the vouchers al
luded to in my report on file, and the oath
of said Cohen. To verify the charge SlO'
900, made by said Cohen in his account, tof
his services as Receiver, paper was sub
mitted to me purportIng to be a contrac'
between the said Cohen and l. G. Woods
Alvin Adams and D. H. Haskell, in when
it was stipulated that the said Cohen shoua
be allowed that sum for his services as he,
ceiver in said cause. The paper was signed
by Charles G. Bowman, as attorney for Al
ans. No other proof was made bearing up
on the question of the compensation tnas
should be made the said Cohen for bis salG
services. In passing the, accounts as stated
1