The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-05-29

Lockwood \ Co, Clark Dodge & Co, Robinson, Cox
Co. and Rufus Hatch i Co.
Kenyon Cox. recalled testified that his firm
borrowed stock which was not transferred 10
their own name because IL was already in the hands
OF brokers operating for the same purpose as
themselves, including Lockwood Co, Rufus Hatch 4
Co, Heath & Hughes and Clark, Dodge 4 Co. There
was an understanding that Mr.. Hatch to receive
their proxy. He saw Mr. Hatchs advertisements for
proxies in the morning papers on the 23d inst
James H. Benedict OF the frm Of Lockwood Co.,
stock brokers' being called and sworn testified that his
firm did not own any stock Of the Chicago and North
western Railway Company on the llth Of May but just
previous TO that date forty thousand shares bor-
rowed By the firm at the instance Of Rufus HATCH he
paying per cent commission and interest in considcra
ton Of their transferring themselves and giving
the proxy 70 him. Tho stock was designed,
az far a. practicable, to be held until after
the closing OF the books All the stock
that was borrowed by the firm was not
transferred into their name because Of IL was
already in the names OF the brokers who operat-
Ing with HATCH and tho latter gave witness list Of these
names
This witness was recalled and paper was shown to
him containing the names Of Robinson Cox Co.. Rufus
Hatch Co., j. +. Tracy Clark. Dodge 4 Co., Heath &
Hughes, and Fearing Campbell. which no acknow-
lodged to list Of the furnished by Mr.. HATCH
In respect whom stock standing in their name
not be transferred. Tho firm had given proxy TO
Rufus Hatch vote the stock standing in their name
day two before legal proceedings commenced
Elas NJ. Block the firm Of Block Palmer. testi-
fed that his firm did not own any OF the stock on the
18th OF May, but transferred TO their name on the
books Of the company from four thousand i've hundred
to Ave thousand Eve hundred shares between the LIST
and 18th Of May. Part OF the stock borrowed and
part they carrying for their customers. Some Of
the borrowed stock returned Immediately after the
proxy for all the stock standing Ia the firms name was
given to Mr.. Rufus Hatch, who paid him comm sson
for his services and interest the money advanced
W. G. Ward, OF the firm of Ward Co., stock brokers'
testified that he had bought proxies to be used at the
coming election from various brokers and bankers on
the street. He paid q per cent for them. AL were
bought since May l. and the last proxy bought on
the 23d inst He had offered to various members Of the
board per for all the proxies he could get He
had done this the interest OF Frederick Billings
OF their regular customers who he thought was con-
nected with the Atlantic and Pacific Railway.
The business in mining shares is still confined to the
professional speculators and the outside public will
study its interest by avoiding them. At the first
board Consolidated Gregory Gold closed 10c higher than
at the same time yesterday selling So co. Corydou,
Benton was Sc lower selling at 75c Atlantic and Pacific
sold At 50 40
The receipts for customs and the recepss payments
and balances the subTeasury this city for the
expired portion Of the week have been a. follows