The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-12-11
TRANS crIoNs N moCl

DTo p-6door w V@u DxaSs 4. koCksfv ss3 r.
Armour The examination In shh esse NOT sed ysssss-
day, wss follows
John Pow er. Jr., ceposed-r - attorney n Av;
kndw the dei ndan Mr. koOredy lived in New Rooheals
sno note broker; present In the summer Of 1854
AiAcenversaon between plaintiff and Mooredy, q Nc.
Creds's house In New Roohele had called these 70 pay
vsf; wtile was there Dr. voris came In; oonvena-
ton was on seversi subjects, and anAy Gold
Hill mining stock can't say who nrst bsgan the oonver
saion the stock Mr. McCsedy stated that he was the
owner of eco shares that no thought 20 well OF thai
he had bought 1000 shares that he thsughs was going
70 be very valuable took, and LIE considered very
excellent investment for himself, and that he wcald
sell his stock the Dr. Vors asked further about tne
| sto,k Mr.. kcCredy told Dr. Voris Bot to rely M
opinion. as ne was Interested snd might os ola O.
i nd advised the pOcior ~ quiro other parsons
Merely named rome pe'toas beng familiar WITH
| stock, and stat tha. tue par value % AMI tn
market value was %; thess statements made Ia
sppse 70 questions put by Dr.. v6ts; curiosity
u be excited and he was seesIDg nforma,ioo;
| secrecy toat the Doctor inclined 10 buy
MoCreoy rad him that be VS. interestei- was the
OF stock, AND that the Doctor had make 10
quiries Of oite's sno form HI: own uogmel he named
,tme ptrsns-oIe vas Mr. Sni h. the President of
| company, Mcyreoy repeated 70 voris that hs
rely ca bs opin on the Detor askeo Ac.redy what ae
could get be STOCK for; McCrsoy said the prize
Ter ttsre and he would Rave pay msrsin OF ~
| ,hsn; that Is all remember now; [ was present az
another interview ard the Doctor Doth ipiimal
| AZ AcCsedyE sc we're IN the situg In front; tbs
Doctor walked In and stated TO McCfecy tnat he wanted
ge, some II that steck and pulled out a his Dske
rome nsy; went nso the dining witu yC-edy
and counted out 1925 tne table, md said ling
wy, am going 10 see what there Is In this 5old HUI
and that that would psy for the mafgo 500 shares
kcCredy took The money this during the week
the prce vas stated then as 50 per share; don't
Der that the Decor stated that he bad made tnq ris
sa,hered from What said that the Doctor IN re
ian Thar with the stock than be before be express
himself warmly the suhjcct aud seemed lninS as
much OF McCredy aud raid he thought very Cd
Investment; no specific time esd when the
Vas TO have the stock; noihns was said aoou conme
eios or brokerage toe Doctor there about
James n. Williams oeooeed- am booKReepsr OF Fl T.
Morgan Who il memcer Of the Board OF Brokers;
know OF Gold Hill stock was sod ~ the Brokers B,a
In September and August FIRST OF September Sorga.
sold, for account Of saAc H. smith, 500 shares OF Colo
Hill aiming Company TO Clark, Dodge o. seller sixty
days, At 2 seliers option, sixty days. don't know tn.
cAsh price a. that time
Cross nned-I that the transaction was en-.
tered BOOKS and the stock was dell varet: I
cannot cay that ] WAS present when ! money
10 Fl. 7. Morgan; IL was paid by OF the arn;
saw the check delivered, but can't tell who delivered H.
1t WAS the cheek Of Clark, Dodge & % the amount OF
the 3Oth Of October, 1854 can't swear that say
the stock Delivered only know 1t delivered; kaos
We received tine stock and paid for IT, and know
vered ard get pso can't saw the stock
received or that Jaw II deliverod
=. Edxard poose, Of the nrm Of " Clark Dodge 4
know Of Gold HA Mining Company stock SOLD Al tue
board solo a,nnst daily; ! MADE purchase tor D. A
~, seler 60 days. The party selng stock ns.
The option OF delivering tho siock at any time wnhin
Gays, day notice; IL is absolute pure lase
and must be taken up at t1e end; sellers op i,D
is lower price than cash sales IN fancy stocks
stock Gu he sch OF october for which we rave MN
check for 81 276 IL Mr. Mceredy paid the 81 275 IL
and our com missions In sddos the stock 10
delivered certificates and mctrcs transferred ts
books
Croes exanined-I can't say whether we received the
money before We pals Morgan not only know from
the ensrie on our en- ok book and STOCK book
don't recoleet seeing the stock certificate
PER oDsiy made the purchase from Morgan as,oe |
Brokers Bard at sixty day scllsrs option fCon1gci
Of purchase from horssn producsd This the ootraa
for The purchase Of stock that made from Morgan Tor
account OF Mr. kcCredy,
lsasc ii smith cesosed-l am 8 merchant I was h9rc
IN lst4 know about Gold Hil INNING s'ocx AN pr
siceIt Of the company, and at that time 10
august, 1854, the par value Of ths stock va. 81
the company paid dividends Of per cent every SIXTY
days pad over on The lat OF 0ctober, 2 per cent
The msike prce of the stock s. generally, and w.
ried at times from S9sIh - 50 lax; In August IL
- low a. - SIX, and sold at about So there was q
Of II Go Iso0o shares 50 ON the 2ta
September; tue dnercpce between cash price sci
would De the highest the usua mission at THIS time
was H. per share that stock, ADD wares BY bargain
tho stock mentioned oy Mr., Dodge 10 Tor ny ac
count; vas my stock gave Al oroer 70 Mr.. Morgan
10 sell oto shares and IuanG Mr. Morgan lCco
shares on the Sth OF October; Mr. Morgan transferred
TOO shsres OF that atock 70 CLARK Dodge o.; Tknow
that the 500 shares we're my sick s5d were not any
part Of the 2,o,o shares of hocreiys sock; nrm
lsmth Nobel bad Ike Shares from November, 1888
rot party any 70 the sale that Morgan made
McCredy had no knowledse FIT, by mistake book
keeper transferred his (locredys stock, and We imme
Cross sxamined-I was The fret President; bouga,
my stock after The lorna ION Of the company; caat
tel how many shares bad the books wthou, refer
ring to them bad sold ZONE Of my stock during that
summer; have sold good deal, and bought goid
ceal my sales aud purchases we're Sometimes Tor cash.
and sometimes os ume; M. - time Soe.rsiu out ~
zee the Ct this sale ,Lrough Mr. YofsM; B5usn, m
81 oes s'vo shares the d<ectos IN september PAID
rom the company The money vas 10 pay part Of he
purchase money Of property 10 The treasury for
ne Original io %.ss man g ~ rs a.a been p.a
nsnsy FOR pa'0' SGD land for aud paid ne
H. y .f,h the exception OF slzeWv
49, . AOrgan ,xsminsd II am stock commission l
vssr (oonact shown) sold thia stock for account Of
Isa4c cmi,n: dos recolect any sale Oh that day.
Mr. smith, recalled. deposed-rhe cash maj WAS psh i
In at ihe f5rmsiitn o. we company vas pau 80
share nor much ~ % per SNARE Jagged tne hfN
certificates sfued so eco sbsres were retained sooui
10 COO Of those issued some or " All
40 ne pr Tor more; purchase OF sept 10 1854, as
made BY the directors oat OF THIS reserved ousnuy Tor
rsny; py rm pu chssed 400 Of TIE 20 oo on The loto
OF November, 1883 arm received Loo shares TOT
Mr. McCredy b5 handing eertesa,e 70 ~ .an gossf
became pos csscd Of this ytDck u vas not 10 either ne
his arn's name he deposited y n security on 'oih
Of a. 600: doo't mber whcn nc cot the next Loo
shares but | think In The sJriog Of 1851
can't say whether thai By delivery Of carthsai, 10
A.
eco srares: 90 or before Sspi Isl instructed VI.
Morgan 70 sell tr 900 snsres on The L., epsmoer
BE- rendered me zoe asxsrs - Met.so q. 20 sa.o
han comply TN ire contract; 40 Delivered 70 Morgan
loco shares transferred 70 his credit on Inc oooEs
Of the contrary: transfer made ny taking %
the ceruncstes Of Mr. Mcgredys and transferring Is BY
mistake Mr.. MORGAN; gre transferred on the books
10 Mr. Nc,gan: Mr. Morgan transferred so shares
10 4 w Clark Dcee 4 %, ! think, on the sams das
when " haa stock hand 70 cell som n sOid
!, sellers ps,os We never sod any STOCK watch hal
lot On hand; llnsrst a Que q the motives Of
selling si sellers OPTION VIII stale tba man from the
south came on hers and sod 200 shares, sellers %
uon because be don't want sno 20 that ne was sell
Ing have pold In tha, way sometimes for that motive,
very heiy thai dd nos Shh " be known ~ q set
Ter. Cont noe RENE moer about thai particular trans
act on: the original directors Of The company were Mr.
Henry Belcber, Amos sscket, Mr. Mnweli, Of Clark
rsotre Co ~ Orsood SAM smith, Morris L. Holmes.
Nathaniel n wolfe and myself
Direct examination resuned- McCredy vas never .
director had pohirg do xth the msnsgcm sot Of this
stoek OF company the stDcx ve issued IN Ss7se mter,
1879 and vas actively dealt IN; bad more than 90
sAn 4xrn