The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-03-18

july 1856: these interest notes amounting TO seso0
% secure the clock debts; assigned Il 10 bank TO
which The clock company we're inuented
Are all the mortgages on your spa @< res
value rcceivedf a. Ihey are o's@ '~s ~" '0i TO.
! q Have you number OF business notes OF different
naes that YOU received from the Jerome Company A.
did have 81. they ali transferred and passed out
Of my possession to secure debts.
AT this stage Of the proceedings me case was
to the Office OF Mr.. j. W. 1erAru, u, tne coenuAnts
counsel, where Il was resumed.
the store recently occupied by them in Broadway A.
lSsv Jid. which Ihave assigned TO debts-ny per-
sona debsdue and owing by me Tor more than the con-
sdereton OF the assignment
O Have they put you in possession OF any clocks or
collateral security your obligations in their behalf
A. They put me in possession OF about $4,000 worth or
clocks and attached about 500 worth more, which
O. what has become of these cocks' A. have sold
portion Of tnem-more than haif-and assigned me
balance to debts for more Than the consideration
q. what became OF the procesdscf the portion sold
A. have appropriated tho same FOR the payment OF
O Have you mortgage for s. 900 against Mr. Hamil;
never had mortgage Of 1000 against him; but had
one Of 81 o00 and assigned 1t in January last to secure
debts II was more than the consideration.
O. Where is s b. JeromeY A. He sailed for Liver
pool, in the Persia. on her passage from this port
@ When will he return' A. He SAID he would return
O. Have You claim against the Jeromes for fraud in
their transactions with your A. don't Ike to charge
any with fraud consider II more charitable to be-
lieve that they were confused half crazed by the
great multiplicity of their transactions; for they had
stores in New York. Boston, philadelphia and In Eng
land and manufactured two million dollars worth
per annum but there stands out tho great fact that IN
June last they stated 10 me in writing (which statement
: m bp baweve wss made
from their previous January annual statements whereas
within several months from that time they have proved
10 bankrupt for several hundred thousand dollars an!
yet they do claim to have sustained any material
loss since they made me that statement think inc
charge Of fraud lies properly at the door OF certain
of their creditors themselves for these same cred
tors, in June last and since, induced mo Dy
written and verbal statements to that effect
to believe that the company was wealthy, ana
in the language of Of the letters received from
cashier OF New Haven bank, that they were rcce,v
ing much accommodation as they really served oy
thus invegling me into this transaction with the
Jeromes these creditors have secured large portion VI
their debts by transferring said debts from their shout
ders on TO mine; one wealthy man. who had been with
Jeromes bonds to various banks, and bad endorsed
largely for the Jeromes as they were valuable -
assure mo that they were perfectly responsible;
by these representations / was inclined to assume
the bonds and many the obligations that he was IN
for the Jeromea; he was Of the men who advised
me in December last to borrow 100000 to lend the
Jeromes think therefore, that the charges OF fraud
more properly belong to them than to the Jeromes:
who were their tools cats paws; still, did
endorse paper for the Jeroes supposng was ior re-
newals.
raised the 500, 900 which you offered to compromise
with the clock creditors? A. l could have reserved
much OF the money which have since paid to private
credtors could have raised money on my property in
sale for sos 600 or $500 GOO less than could have
realized if / had the disposition Of the property.
@. Who owns that portion OF the museum which con-
Mr. Norris who lives at Yonkers and who leased II TO
Mr. Genn and Mr. Genin leased II to mo; both leases
will expire in one year from next May.
d. Do YOU own a copper mine in Connecticut A. I
did own one and after losing about $4,000 m working
it sold it for about $4,000 in December or January
o. Are you interested in any circus company in the
United States or elsewhero7 A. am not :.
moneys and bonds you have held since June last. and
where and how you have used them A. am the poorest
kind of business man. but my late bookkeeper Is now
preparing statement which SHAH be furnished you
within twentyfour hours, giving you eve1v item TO
dollar; you VIII find that have no desire TO keep any
thing back for wish you to understand that the stand
ard Of morality for Snowman peg two higher than
that found in the atmosphere of Wall street. LAUGHTER
@. How much do you owe the Nassau Bank, and what
amount OF the Pequonnock Bank stock do they hold as
collateral? A. owe the bank $1S555; believe that
to be tho amount and they hold OF the Pequon
mock stock mortgage real estate in Connecticut to
q. what is the present value of the stock would
| Peqnonnock BankS A. don't know whaSsoks Of the
bring forced SALE but 1t 10 worth on las never
bank from slos to sll2 per share: t.hp sa
Y Sos s,S Sy me n az sn1 ps
Of the Jerome IN some instances in order to
.oa rom my property and in other
.rce. hecanss skc parties holding Jerome paper ncc
my collate eTs me- .0f A'' '1''
,rrom the New York Herald, March 20 1855
/ uApcH 80 What is the nature OF your clann
| .-.,nst pr spaidingf A. sold him n giraffe worth
900 or Sc 600; It drowned through his careless
i ness he has never peid me for It. A.,
I q Where Is DR. Spalding nowf A. He lives IN Al
bany: be has several travelling exhibitions through the
| country, and is responsible. =.
O. You statsd in your examination yesterday that 20.
were the poorest kind Of business man. 40 you meg
to convey the impression that you are non comps
a mean to say that do not understand the detap a
accounts and credit business, 'pay before you 60 -
| never knew the meaning OF the expression "o'- -
| able until within year. ,-.es bcyns.
O. Have you yourself, or through other 1fhc sMns
nm auy OF the Jerome notes for less thap w. s,
representcd on their facet A. No, s en- cans 81
worth thew have been offered to me - prcs sor y.
and L have bearAof their being oncriih S'' 'o'
The dollar; would bay thercashier did you re-
could not; have nothing 10 bW Jcromes before YOU
O. From what New Haveher paner ? a. AR
ceive letter recommetHavcA County Bank wrote
| agreed with them TO esad the Jeromes were not
Buritt cashier Of accommodation as they really do
me such letter this yesterday, but q newspaper Of
ceving as neports exactly the reverse, namely, that
served 4er) said that the Jcromes 'were receiving"
this JUS they deserved.