New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-12-23
WV
Win OTHERS THAN IIiE CONVENIENT
Amount Of net proGi. paid BY Thomas y. Cmhst
to GEORGE Opiyks 4 Co., on the above -

esr,,..,s ......,,....,,......... fl7? Js9 IS
Observation-Disclosures contracts we're all f,ir and were
fully aud faithfully o4ecuted Opdyko advanced all the
capta; the last delivery was made IN June, le 10
complete tho contract May l-6J after that Opdy ke
had interest IN contracts whatever wo received Ia
pay certificates of Indebtedness, vouchers AMI some
money the certificates bore intercst Tor ~ moh;hs the
vouchers bore none; the vouchers sold in the market
from about ~ o 20; mp 10 The 18th OF March lsO we
received vouchers alone and Opdykc had 20 carry fully
a million OF dollars; the contractors got nothing ron
the Government unless they sold these IN market amer
tlat they got part money ana part certihcates ana
sometimes quarter. sometimes ODohai money, or
for small amounts sometimes oil money; the certificates
we're always below par. say between 92ia96 or ~.
o. II thew bad sold these burdens in tho market In.
stsad OF carrying them, would there have been any
profit At all the contracts and If go whati 4. DO
not think there would have been any AT all.
q. Wee any of thcse contracts obtained by Opdyhe
or any member Of his firm A. No, cir.
q. Was there any secrecy IN tho Arrangement be-
tween you aud Opdykei A. No. sir; when bought
the goods did IL generally Oh bis credit and had the
bills sent Ia to that firm.
O. Were not snch arrangements ss these, 10 share
the profits. very common' A. Yes, cir
q Are there not eminent firms IN New. York engaged
IN hat practicet Objected 10 and excluded)
P,.directIhe last settlement with the Coy eminent,
think was the 18th Of August 1893 but tho mass
had been closed before; conducted MI tho purchases
, n small portion with my own money; IL was
known that Opdyke Interested; there was no pub
LEGATION of the fact except in blynS ana selling The
goods; tie sellers knew that lie participated IN the
profits told then presume they did not know the
rharrs most of he purchases MT 30 days. some At
and 10 and cash; got most ~ the contracts
my,elf mt New York, Philadelphia and Cincinnati Of
the qusrtermastcrs-none at Washingtoni Opdyke
gave Lis security In all cases Il was not required that
the security should be other than party Interested
only that no member II Congress should be admitted
al The expenses interest Sc that Opdyke had charged
went In before the profl were ascertaincd believe
Opiyke did OBTAIN the contract for 1900 infantry
frocl coats; We received some mn IN payment. which
cold below par that was tho only case IN which
the securities were sacrificed by Opdykei had very
little to do with the financial part; when l wnnted
money went there and got 1t We had a controversy
about the 1909; insisted upon their being sold;
think they brought 9. and tho quarter was charged
into the acoouui-ptoperIy 40; 1 presume the cerif
Gates ere sold above par they were not convertible
Recross--We did not sacrifice the securities the
cos tract got of Cpd Ike the Churchill contracts
paid about one ffh n the COS, for the making up; We
had large facilities for making clothing our establish
men. !; over the American Express Company In hud'
son VI.
VIM H. rogswel. sworn; examined ~ counsel for
defsndant-l have been engaged about II years as n
the depreciation In gun machinery in use
from early IN eSs 70 July. 1905 would be from soto 90
per cent; tho numh.r Of oo'-maleta required for $50
men, after boing first i.nshod, womb Do thrco or four
CrosseiamineI-I am now master nachmist 1t tho
Nav! ia,d, and uy'nnIerSTeIsLf sIo .sgi!!uch"p;