The true Democrat., 1856-05-13

l taining $l l5OO, and also sign dispatch; do not know who went to the office after the let ter, did not send any dispatch of my own Ill True's name. lopened dispatch which came to True. lthink the paper here produced con- veys some negroes to me- The instruments before mentioned, are the only ones 1 recollect of True's signing that night. l did not tell A. c. True, as Master Mason, that if his brother did not indemnify Us we would take his life before he left the room. l do not think that his negroes and other property were demanded. | What we wanted was indemnfcation. We had some liquor there. The door was locked in the fore part of the night. Dr. Ellis kept the key part of the time and l part of the time. The pistol was drawn in the early part of the night. Mir. Stickney has indemnifed Us by, giving us government claim for $7 300. lie gave us this for the purpose of paying his l stock to that amount. 1 gave my notes to Stlckney and Ferguson, because they endorsed | them. l saw my notes in True's possession once afterwards My notes were given for my stock, and were to be negotiated 1 do not know whether Stckney paid in anything or not. He was partner when 1 came in. l was told by Col. Dupree that the whole con- cern was a fraud. This was after l was in it. True did not offer me b.'ck my money for my stock; never told Stickney he had deceived me; did not tell him that True had deceived both; do not regard it that Stickney has de- trauded me; did not consult with Stckney be- fore buying; made my purchase upon the re- presentation of Mir. Ferguson; do not know what become of the money that was obtained upon my notes; do not know how much mo- ney ln all has gone into the bank; 1 have the control Of the bank now; cannot swear to any money being paid into the bank, except what pall i'll myself; l employed E. w. True be- cause thought he was an active and energetic young man; the books show that he deposited $2o,OOO of his own money in the bank; told l him l would see 1t paid; 1 have since refused to pay it because did not think it just; have had him arrested for exchanging unmarked mo- ! ney for gold; cannot say that all monies paid out were marked but most generally it was; carried down g., 2,OOO to New Orleans in small | bills, when l went down; did not put dollar of 1t in circulation in New Orleans; 1 left it with our commission merchant and sent him | $1O,OOO more; True paid out all the notes and attended to redempton; would not swear that have not redeemed any money at the counter; If l did 1t was in such small amounts that 1 do not now remember it. My proposition was to work the slate quarry enough to keep the ' charter alive, and make up the balance n bank HIS, "OuIi ilOb lltNt 3Ollc IIltO blc COuCcli | under any consideration had known how mat ters stood; found out we were euchred, and said we must make it up in banking. The af- | fair at Little Rock has not been closet; Ros- well Beebe has charge of the office there; have made no promises of money to Mir. Smith to appear against the Trues in lhis or have l paid him any; l would scorn such an ac,ion; do not know how Smiths account stood 1 sent hlm over here to have his accounts made up with True; l know that True did not hold the negroes ln trust as guardian when he signed tn paper; the understanding was that was to give negotiable notes which implied that they must be endorsed; True would not agree to anything that was put forth up in the room: he refused to vote and said that he had proxies to vote l told hm that would not recognize any prox ies that were lot known to the present company { drew my pistol at the door, and told them, 1 would shoot the first one that attempted to force his way past me; True voluntarily con- | tessed that he nad swiudled the New York ' company out of S6O,COO; he told me that he had not told me the truth in regard to any inn pOrtant matter connected with the business: he had no title bond for any land, except two and halt acres, worth S30U per acre; all my state ments abroad were based upon the information given me by True; True told me that Fergu- son had taken UP my notes except the one which myself tool, up when l came back; left money with Mir. Ferguson to Iay the notes when l went away; never paid True anything on my notes; II he got any money he got it from Mir. Ferguson do not know that 1 stood credited with S3,OOO when 1 came back
 This closed the examination of this witness, and the court adjourned to meet again this morning.
 From the Appeal of tn 3rl.
 The court met yesterday morning, pursuant to adjournment when Mir KIRBY, president of the company was again called to the witness stand. and the examination proceeded:
 R. NJ. KIRBY, cross ecanaiae L-Witness un- derstood from Messr> Ferguson and Stcknev before he witness made au investment in the concern, that they had paid in for their share of stock 5000 each; witness wrote back from Little Rock nquirng what had become of the money paid by them to True and to what use he had applied 1t. Suckney nevertold witness that he had been rad $5,OOD in stock to have the money tavorably quoted by 1H0mpsoa's Banh Note Detector in New York, or to give Prentice that amount to have 1t quoted. Did not talk to Stcknev about the evidence gave in yesterday. He asked about it last night, but witness told him that it wonld be improper for him to tell him anything he had said in court as he (Stckney) was under oath as one of the witnesses.
 l.. D. STICKNEY eranained--Became apart- ner in the Little Rock and Cincinnati slate company, some time in June. Witness brother kept the books of the concern at the office in Memphis; brother was engaged in other busi- ness, and came in every evening and posted the books from the account kept by True during the day. Witness first met II. NJ. True about year ago, at the office of the Memphis and Lit tie Rock railroad. of which witness was sec rctary. True gave him a statement of the af- fairs of the company; said he owned a control ling interest, and asked witness if he could not use the issue of the company on the road.- Took SlOO of the bills, but returned 1t without using. Met True again in September, in Ar kansas, who told him that he was about get ting up a new organization of the company, and that Mr. Burr, of Batesvie, and Mr. Pat terson, of Grand Gaz, had been chosen as directors. After further conversation between witness and True, the following agreement of partnership was drawn up and signed by both:
 I, Henry M True of Batesvle. State of Arkansas, in consideration of certain stipula- tions and agreements on the part of Lyman D. Stckney, of the city of Memphis, State of Tennessee hereinafter set forth, have trans
 
 sand dollars in the capital stock of the Cincn- natl and Little Rock slate company to be held in his own right. Also five thousand dollars in the capital stock of said company, to be used by said Stickney, in whole or in part, to have the issue of said company quoted by John Thompson of New York, in his Bank Note De- tector. Said Stickney is also to have all the profits, privileges, and accommodations of any of the directors in said company, and at the end of twelve months from the date hereof, or at any time before if he chooses, receive from said True one. half of all the stock he holds, at the nett cost in cash. Said Stickney shall also have the privilege of appointing book-keeper or teller in the office of said company Little Rock, who shall have fair compensation for his services. Said Stckney shall also have the privilege of a discount of any sum not exceed
 ing five thousand dollars, on his note or bill, | with a good reponsible indorser and provided