The New York herald., 1866-08-02
TINE ALLEGED ssssm OF sesses sses eaam DUNCAN. SHERMAN

ExaminatiOn OG Louis A. Coiin Before Judge
DovvlinG, ut tho Tonsbs Police Court-He
II First Proceeded Against On . Civil Suit
and then Charged Criminally-H Our
Great Banking Houses Conduct Their
Business, &c.
Arcport Of the circumstances OF the alleged embezzie
mont OF forty thousand dollars In bonds stocks and
other securities from tho Arm Of Duncan, Sherman
Co.. charged agAns the defendant In this case appeared
in tho HERALD Of May % last The defendant Louis A.
Cohn brought up for examination yesterday on y crmi
nal charge tho clerk In the foreign department OF
the arm Of Duncan, Sherman Co., and after the dis
coveEy Of the dsfalcatons-madc only through his
conesoa-s sort Of compromise offered him, 70 tho
effect that hs replaced tho missing securities the nrn
would be satisfied Colin agreed 10 this and in esctIng
the arrangement the Arm contributed assistance
him accepting other stock and other securities NOT
identical with tho lost property tho value Of which
about $4,000 The defendant unable 10 mako full
restitution and balance or s24 900 was ef for
the recovery OF which civil suit Instituted and
Covin arrested Judgment Of the court from which he
was released under the Insolvent act Then followed
the criminal action which brought the defendant before
Justice DowIug yesterday Tho details Of The foregoing
general statement given for the better understanding Of
tho case, elected the examination of VIM A.
Mackintcsb one or the nrm or Duncan Sherman 4 Co.,
BY Mr. Edwin james, counsel for the defendant.
nxAnIsATIoy on Mr.. nAcxisrosE
by ur James, am a member OF the arm u Duncan
sherman Go Cor the last two years The defendant
clerk in the establishment since 1885.
q When did you fret speak to him about any
euri,es that missing and which had bean in his
charge, A. Mr. Colin was the ars; speak me, and
not 10 him; that was la December, little before
Y The defendant hers first spoke 10 you about
ny A. Yes; l had been connected Ia business
specuations with Mr.. Colin before became member
Mat. lasfx
q Did you know y,hug ssou, the loss Of any secu-
OF the hrm before Mr. Colin spoke TO you the
subjectS A. Nothing whatever Dono Of the Arm knew
anything about when he spoke OF the loss Of these
securities when be told me of the loss believe asked
him how much would be required 10 replace them; the
amount WAS about $24 000.
Y Did you give him nve hundred shares Of hc Pitts.
burg Fort Wayne and Chicago Railway stock to give
his broker 10 replace tho missing securltsss A. thnk
did, gave him Ave hundred shares of some stock for
he had sold /, shor and gave him the stock Secs1.e
having TO pocket1hc oss we believed this stock would
advance. aud We preferred TO deliver this stock 10 the
brokers which Colin short o. borrowed the stock
Al the time aud afterwards purchased ~ the stock
gave TO Colin TO deliver to hts brokers' Ftzhueh Jen-
DID be not on or about the 2sh Of December 1865
bring you F2hugh Jenkins check for sf2, sss -. the
proceeds OF the sale Of this stock, Yes; but the
smonnt was only TO pay us AZ far NJ v would 60, after
receiving that money from him he sl owed us between
f2s 600 and go 600 the value Of the securities depos
tied by him, ss well M recoect The market value of
them a. the time. was about so 600
q Did he pay you, according TO this check s. 600
the llth of January, ip addition 10 the st2 coo he paid
you "a the previous month A. Yes; that 10 my en-
dorsemani on the check
Q yon did not prosecuie him crimlnaiy nj hrstf A.
no Colin wished 20 keep the matter quiet, and We
agreed to keep u quiet foT sakcs; received
from him $4,000 In repayment of the missing seouri-
es We also received from him $500 IN gold; he made
proposition TO pay us - 900 year I'LL he made up tho
balance; We agreed 70 that proposition, or 10 receive
anything he Would give US; after he confessed the alb
strsciion OF the securities he continued 10 frequent the
once for come time adjusting maiters but vas not In
employ.
O Dld not he hand over 10 his successor in the once
the Tin box containing the securities which had replaced
the missing ones9 A. The securities that had replaced
the missing ones were handed 70 his successor, but
whether by Colin or BY myself J do not know these
were the securities purporng 10 be The abslractsd secu
ries turned out subsequently thai We dd not get the
identical bonds got the same amoupt, but MT The
identical bonds; had several conversations with Colin
about The payment OF the balance this was after he had
left the once.
q You stated tha, be made q proposal TO nay yos
s. 900 year, and you agreed TO ibid he make 700
any other proposition about the settlement Of The bal
ancsf A. he did speak from time 10 time about paying
US ~ his ability served We would mol rsfase anything
he gave ua
q Did you not propose 10 him 20 give you Ne gaAr
rantss Of some friends Of his for your security, \
might have done 20; do not reeoIect; BE- zane ire
January and during This time hsd ftequsst ntsvvisws
with Mr. william pnncan; he was ARRESTED On . civil
suit In the fa Of 1885, for the sum q e1 0oe and vse
subsequently RECESSED under the lnsovsnt act he was
arresesd thu criminal suit In thA early part Of 1see
This Ne principal testimony adduccd In the case,
when incslca OF kr James Who stated 10 the bench
chs, "a whs,eys dsv the osAs sh W sdeasaed 70 he