, 1866-04-09
the BADGER COLLAPSE.
E1Aziination OF B. Hutchings Badger
uppn the Criminal Charge OF Oh. .
taing Money Under False Pre-
p. tenccs.--He Is Committed
for Trial In the Record
er's . Court un-
der Bonds OF
$4,000.

Nerrhanta'Au Second Natlsnh Banks
History Of his AsEisumsnt-Lia-
b1ities and Assstx-Tsst-
mnny in ths Case.
Gold - on hends,-Webster, Worceste
and the Chicago Nsnck brokers
on Definitions.
On Saturday, pursuant To the continuance non
Thursday. B. HntchinEs Badger, the co1lap.e,
Cnieaeo broker. "as brought before Juence 7
y. Brown, 10 b e11mined npon the charge p.cfee
red BY the Merchants National Bank Of chicsro
Of obtaining from them The SUN Of <12,soo, On th,
morning Of The third OF April under fal.e pretepces
shortly alter one O'Clock, the prisoner VA
bEonchi into court attended hy :&cssrs- 4 G
Leonard S~ett, Esq., and John G. Rogess, Esq
The ca.e for the psosecu',on vas conducted b,
MAit. GoEne 4 Clark and sts1c't Attorney Cha,let
The testimony for the people w.s opened b, ths
uExRx Il, sr1oSDs, ESQ.
Htn,y L 6yMdnds ewoIn, sald. 1tesidA in Chi
caro-, and sfn Cashier OF the Merchante' Nstaona]
Dank Of Chicago. know the defendant. b. Hutch
lncs BADGER, and have known him tor 1hree Of fou,
- = u" saae ss:a "a, nc .s' ABOUT an Tai Ia.
New York. On ElD0QU gold, be ntended a tn ssra 01
the.e. ~ 1e3ng & 6nsy at .he lime, told him to caii
a little atfeT ten O'Clock on The ssme rnnrn5no
fas hsaecf nesm came INTO The bank End asked mo
md iooked ~ ihc accounts. asked hin hos be
Io1k. considering The state Of the maFlet He sid
mat lew days PREVIOUSLY be had eold abont .Ss DID
m h1s eo:a =, - NetE 1oIk e. and hsd bought il in
Fruflablc eaie- asked him II he had ihc "niG ~.
hand here, snd he lad be had. then asied bin
n. hs had come $4,000 on and which be had
oonRht come dASe previously at 81 he aald h.
had bur ssas loan'np 4 out ar profits ranging nom
70 = TT cent. witch be though. would cover
ea5 ,ose ~ daen ,1 td tns' wou!d let him have The
Third National Banl oi NesS ok. lie said Al h he
Woald. and would rend up his ttssf, and Tie Ex-
IL de no9 e tee g hS1 Gs1cf on ne
COMPANY be would ship the cold
te, ~ haaees nave The money upon his repre-
ee1d nc his drat ocxpreas se:e1pts In tic htier-
After he received the check for f1s 800 f1opn onr
paying teller that morning. ntu aaw him abont
noon. but only spoke to hin for momerf ia ask
hun The psace of Eold. o. some similar qacssion 6 @
O'Clock, at which time he had NOT scut 10 rs Ihe
pfoM1t Cd ChecE End ctprtsH receipt. asked hIm
Shy be oad used Us IN thai way. ae sad be couldnt
be bad money With a. Z. BADGER CO. and ToHli
tFy 70 hc!o me to gel it, ''''|@
the Merchants Bank for nearly year1 Badeer hss a.
been oolus busintss for h4msen and for oihcra fn1
rome TO y time past He has been doing business with
Que*tion- - = hat w The easacte9 Of The bns,.
2 Question estss.ea 10 b counsel 10, ths proseeu.
..Nifness.-The nature pf ihe busine1s i ern.--
4ly ttRosared with the aeGndsn, MAS in The fa1c ~
assisl ccinnc Of drsi's etc. BE had no+ lept sny
prlof occasions obtained exchange on Nrw Ynrt
from 1t, though not earlier Than list yesr, DE-
Senesnli5 taid IN necotiahng euch trsnfsnctiona.
exchange, the gold TO be shipped TO our sccnunt II
Ne" ofk, his drafls to bc bouoteu s. 1he shtT.
nent ~ o. goid by bin 4, nss, in such ran.actioas
sh1pped the gold hmsel aud cent 10 a. The cTnress
lslpt snd drsft on biz broker IN New YORK, nav
& 70 WI osoe5 10 Be paid On the delivery of The
Inc gold al our bank the gold was shIpped bT ns tn
On! correspondent ia New York 10 be delivered to
badger 8 broker there. ,"
IN The transactions Of the Sd O, Aprj ,nst,o,
oio 1ot receive anything from BADGER tor he cur
ne as Ept ron ns When cave him the cheek
nse e5sef a15 Ion o9r ES ERssa s ,esd @
Was dtaNp on our bank Tor the 1uA 1upupt of thr
money. and sl1aply hgu1hed his recognition Of lie
ainoGo.eaness as, e. he told me he would send ms Bis
afternoon. This mode o1 condncti19 pecutist,one
Was :1ullar 10 ihe manner in which We Ind trsps.
hin. H BIC. nera,seIien. on. s pe.oosly viii
~ ~ ny ,a drsS 9n would e e. 70 Or tlo
T the tank 10 1egotate N exchange, I beiieye
he Old mol ttausAet any hn4inesa With ne brt ma
conversation Wi:h ~ Bai7, The President Of he
G1oafa. with whom he trxns2cted his eus1ness |
~ auo1nt nexOtta1ed vsa about the eauae as thst
defendant. and the bank, On Friday fani. fhe sMh
q Match. when be Negotiated some exchaner m
me sle' he csse 4. his daft On his New TofE
be zeceired the currency before be deiyeted u ne
ti the dIsft and Express Conpany receipt, or not.
a9s, hs9Eadd1E he similar transaction had viii lin
nor whether l on ,boee occa.ions asssd hin
:. he1s be u,.!S BAD The gold, though. frequent.
S.nd Z We @sea hin 10 IT. he lad ,s q
sansaet H. ktnd o. business with The prisoner be
2Ipn2ht the coin 10 cur bunk and We shipped II
m n 1sn a1ne on one seainly apd perhaos
21msslf, bringing 10 u The rccept Of the Exnfr.s
Company and bis dtafs on New York. So:sef1mes
q shsre afsnsaetton. be drew the currency al he
u 1adgef & CO. on checke drawn on Us In
ONE sates Nc paid him the currency before be de-
,Sd fS9nia sne asaff snd Enrcss Company receipt
ti1pl{ fecets1nE his memorandum check thoufh |
hsntE National Banker.
be. he told me that be had tle gold on hand. After
M conversation ! rent to cur teller 70 re how !
ene9 s0 sni1ene! We had On haad md then told him
bout uktac bis check. / did not eive him DC |
nouey sonaly, nor did ace him receive j., 6ut
easned eloktlE atterussd ,hai It had been pad to
resa receipt for $4,000 N gold he did not list
Tena d E15P b. he na,ten .. the haa
81 Express Company ,eeeps Tita hs ha a1si1. raaf
honh not hsye allowed him to have had he cnr.
enc. ss atked Tor. an positive that he agreed
bat S@ eene aernoon oasa ps1ofe sn m 1hres eess
,.k,nE the Transaction, he asked me ~onid take
AFrhHnS.r = ]
ssr the exchange 1t lilo tlecount. He did not
,eotton the exact place where he had the $4,000
ssa 0pt nd ia ae h1d 90. Or h:nS nd
nice ready to ship. Believing hls statement 10 be
Fus 10! understood him 10 be an honest man, I
;. DIP ,h hs's A 1ae money suppetng he setuay pas
At this stage States Attorney, Charles Il. Reed.
81, Tor The prosecution, proposed to ahow hat
lmiaf uan:aStton, with Ike suceess, had been
e!asion TO ahe Second National Bank OF th1t e7ry,
The defentr admitted the e1tetence Of the tr3ps-
eston, Consequently no witnesses were introduced
semnel nna :; smith svosq ea,d an the assignee
ID q April ins,ans arst Of m, s avn sH Hnoop or
lgc. kncw that Mr.. Badgef had msde sn ass1rn.
en' a apon quarter to hafpast two The att7
= homie ot A. t. Badger q Co. Mr. Aipheus G.
y ., NJ !; 3. Badger, he s,slgner. va st1ed
IT. f. ~ u da nos re- hun
ut, md took post tessiou Of what OF the property
ronlI. No gold passed INTO my hands, I sd TIE
:Irnmeni some s5,000 or f6.o00 In cold, boushf
sold, paced over our couuter.
THE DEEKcE.
nc prosecution having 1t this stage rested their
op, OF N'sN'
NE. g. c. sx11u,
W. SH7M conanued-l have been the book. ,
epea Of 3. autchlncs Badger for about eicht
onths rast- knew him beforc that lime.
Q4esttosa-"n Ind the defendant about Tho time ot
!5,nsse,.sn IT, ", We 'hs Nstona
Question Objected to On The ground that the tes-
nuny at The cashier Of the banker was thai The |
+ :oaef had 1he amount ou hand here, md the Oh.
zion sfa$ EpsInlued by the eouft} |
f,os ~ asa he de.:noant old here in his
10 u" question counsel for the prosecution OBJ.
-ounsc, for the prisoner proposed b. lie witness
show that. 1t the time, bsdRet had in his pos !
il 70 ~ .aun. thsn snio ~ naoes n. coz
NJ ont bis contract with the czshieT of tie Ger
elea the word aon hs1d!' nd va, ueed m a,'o 81 srs1n
iii ac.ual E'otscse,on ol the article, inssmneh II
rher crain nor gold, in bis own ac,nal possc:- {
~: out simply held II on contracts subject to his
G[fGl. | q
Tne objection Va. ovc.1n1ed by the Conf. .ub. c
to the exceptions OF objec,iug counsel
Y nnHxs-i do not know OF any contracts by $
|tsh NJ hs3seE was 10 hare received gold on The i
OF Aprl. There were epntfattt tot gold to he | &
lresed !n the future which he Mt1hf hare CON c
Flen. The outstanding contracts that he then ! c
would probably hsre amounted 10 over &c, COO :
! thesc he nlEhi have bccn able to obtain The II
q. though they haa nos 5eached maturity, Il fhe +
ieT had been 60 willing. He had dcne 70 before Il
lr1nc the time Nas Ii the employ Of tha defend
. ne had many 1rHuf actions M1th the MerchAp.s, {
t1oral Bank, md o'hera. In come Of thesc hu Il
lyeftd the gold he had negotiated al the bank | Il
ihe1n 10 thip, while tn others be gave them lie
press Comtany's receipts. In the east sl5 Il
nth: euch tEapractions by defendant probably
ounted to f500.U0.
n making the negotiations he cenesally obtained !:
currency by check OF tue bank draNn On tpeu,-
Fet. IN the morning, md In the afternoon be I 9
ud eh1p The gold. apd kend the Express reoaIpt Il
BIZ dra!t on New FoFs to the banker, before !
ock In TIE a!1e1noou. L
Fhfn sax the deed Of assignment it was1 think 4
.a1r Sfut,aA hr Rnf7u,rr - ! fr