The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-02-09
The Overcnd, Gurney & Go. Conspiracy
Casc-Evideuce oncluded-CommittRl Of the
nefeudnufu-

The Overcuds Gurney ~ 10. Conspiracy
Casc-Evideuce Concluded-Commitial Of the
Defendants.
On Saturday, January %. Mr.. Edward watkin Ed
wards concluded the evidence he had begun on the
previous day. The witness says the Pal Man Gazette
gave his testimony in an uncertain, hestating man.
ner. repeatedly contraiicting himself, and pleading
the weakness or his memory. The gist OF his state
ments was as follows: He Is an official assignee In
Court OF Bankruptcy. In 1859 he entered the
vice OF Overend Quincy Co., at salary OF f5, 600
year. Mr.. David Ward Chapman, then partner,
arm, and he advanced his irst years salary in bank
notes as he received 1t 10 Mr. ID. w. Chapman, by
whom tns money had never been REPAID: . he was
to advances and generally 10 make himself useful In
settling difficulties With customers. All ne dd for
them was doIs sfrer his ONCE hours In bankruptcy
that wn after four in the afternoon. He
watched various concerns which owed the
nrm money: He thought he was dealing
half OF Overend 4 GurneY:--Tbe Atlantic Mail
Company, the East India aud London shipping Com
PAW, stefanos Xenos. Manuel Co., z. q. Pearson,
White A Co.. the Austrian Bank, Thomas Howard,
Jonn Scott Russell and @. J. Mare. He ADVISED the
rrn IN all these matters but did not recolect what
he communicated to them lie never discussed
totals with them. They provided him with 100
shares 10 become director Of the Atlantic Royal
overend Quincy a Co. increased while he was
watching 1t from GOO to Es3s 600 lie conducted
negotiation with Pearson on behalf Of Overend,
Quincy Co.. and Pearson made him q present OF
$4,000. lie had dealings with stefaDos XeDos Tor The
company, and xenos gave him $500 . year and
Sach, he was arbiter between Lascardi and Lever.
MILO we're both indebted TO the company. and his
impression was that neither gave him any thing; but
he wcQld not like 10 swear IL. He did not IKE To
swear positively TO anything he had such q bad
memory Ills mind was an entire blank on the sub
q n rsssT wS the
proacaed issm with having led the company into
losses, aud san they would have no more
to do with him. lie Immediately had an In
teryiew with ,sr II. 4. Quincy, and obtained
nattering certificate Of character from him. At the
same time $4,000 .as Sa 70 ms credit ., s drew
company was formed ~ was not paid from the
lInlled compaDy's funds. BY hr. Sergeant BallaD-
signee or the Court OF SNnkrupicy. Mr. sergeant
Isllantine-fou are quite Np\e o. mat Have you
been 70 yoqf once today css,on fr MT s ~.
Lord Chancellor will reach you Ileres witness
Yes
This closed the case for the prosec, ttion and Mr.
Sergeant Ba.lantine addressed The beDc Tor Mossrs
Quincy and Mr. Bifbeck. lie attributed WE disas-
trous line Of business which the old "a N became
entaDgled 10 the influence Of MIR. Edward. whose
connection with the nrm was due TO ira Uofous
compact with Mr.. y. W. Chapman, who rece. yea
p0cketed gifis from their clients and ,Fho
lea them into all Kinds Of rulnous eneaa ?
mems. When the danger was discovered Edward.
used his knowledge OF the state Of the nrms affairs
a. means OF extracting 10000 from them. The
directors then knew, no doubt that their capital
was In a large measure locked up, but he denied
that they knew they were hopelessly insolven,
They had reasonable ground 70 hope that they could
with fresh capital extricate themselves from their
difficulties, especially, be II remembered, az they
were obliged 70 trust 70 Edwards for their informa.
ton az 70 various accounts y was easy to reason
after the event. but at the time the limited company
formed the hopes Of his clients were justbabie
and, at any rate, n they erred they backed their
opinion By rsking every farihing they had In the
world.
For Mr.. Barclay Sergeant Parry urged that before
TINS charge could be established II must be shown
that he knew the old firm was hopcesely insolvent
ana that he therefore brought INTO the concern
100000 OF his own money, for the purpose OF de-
frauding the public and, II turned out not only
Oh delrauuing the public, but himself also and his
own family Mr.. filnard q. O., and Sergeant sleigh
Also addressed the bench for Mr.. Reunie and Mr.
Gordon respectively. The case was then Adjourned
Until wednesday, the 27tn uit.
About haif-past three O'Clock In the Afternoon OF
WEDNESDAY the Lord Mayor gave his decision IN the
case OF Overend, Quincy a Co. Considerable ex.
element prevailed both In the court and vicinity.