The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-02-06
NEW YORK HERALD SATURDAY, g.

man. which resulted in a debt OF sl44ooo; the ships
taken over IN security for the debt by Messrs.
0verend Quincy In 1857, and Xenos was discharged
irom ms lndentedn ass. Inc sum OF aIo wa the
the value OF the ships. That the less. 0verend,
Quincy Co. afterwards traded with those ships
under the name OF the Levant and Black Sea steam
Company. That was In 1858 aud 1884. The ships
sold from time to time, until In July, 1885, the
last had been disposed or ON the 10th OF that month
there appears an entry IN the books OF loss OF
fs TIA on the sale Of the Thasia. This company
brought about loss OF ego which, with an item
of fl6,OOO Tor Pacific Company, makes fSS, 600
which, with the Ella, oO0 form part or the G400o,0OO
We have got nothing from the Millwall Company
and do not expect to get anything; nor anything
from Mr.. Thomas Howard, who was discharged from
his liability. expect to get $4,000 from the Atlantic
Royal Company account but nothing more from the
ne sss Of Ss Harding
one OF the iquidat0rs and most important witness
who had been examined on the previous Saturday,
months OF the existence Of the company deposits to
the extent OF 81 900 600 month were Withdrawn by
the public; the actual profit made by the new com
pany was 81 400 during the nine months they car
the discount OF ESQ 900 worth Of bls the loss by
Ell 100000 In answ or to further questions the wit
stated that during the six years preceding the
transfer OF the business to the new company over.
end, Quincy Co. had lost about f4,000,0oo OF
money.
SOME more letters written by the defendants were
Rat H. oae Sy Robert anq aaasa
Peek, ESQ.," contained tine following:
Shortly after saw you last December We considered The
q coa but no e Son p
general meeting q the sharshodss By the
meeting shah Be held a such time not being than
@ me h Nay
july This has been the sole for report and balance
annoyed at The relative to the than have
.p nc p 1's W
Voeuu uesno.
1866, and addressed 'wm. Peek, Jr., ESQ.," ran as
foll0ws:-
you there the slightest ground for the
ruary Except noticed the Times today BY frauds Of
g.
fectly satisfied with the accounts
letter dated April u, 1896, was written BY Mr.. H.
E. Quincy, but 1t did not appear to whom it was ad
dressed. In it Mr.. Quincy said
We have intention whatever Of making cal. None Of
Ser Any loss BY the Mwa Company belongs to The
old firm tn Pinto Co. let s in we had not made sin
in to considerable extent, but how much it viii be
Ssnsa fair dividend As 70 public
believe that better avoided till the right time for
meeting.
In letter dated May II, 1865, Mr.. H. E. Quincy
wrote lit did not appear to whom):-
In reply to your favor Of yesterday you win see By the
what can BE- to
this fine business but s clear the best will be
tirey one which large business and give the
shareholders the opportunity Of taking shares.
On the opening Of the court next day Saturday,
the examination OF Mr.. Edward WalEin Edwards,
an official assignee in the Bankruptcy Court whose
examination commenced the day previous, was re-
sumed He said in answer to Mr.. George Lewis
In 1864 was working with the Atlantic Royal Mail
Company up to July more or less; that company was
signed BY Mr. David Ward Chapman in the name Of
Overend, Quincy 4 Co.; limited by which was
to be paid for my advice and assistance at the rate
<Nf In IncA itnA hrnk uh<Nv uivvs
transactions with the Arm; and casually opening it,
/ see in 1884 the entry, "Mlwall lronwOrks;" by
that can tell that was consulted about that COM
pany by the partners on q question OF an advance;
principally spoke to Mr. John Henry Quincy on the
su0ject;,I cannot positively recollect my dealings
with the defendants In 1865 and 1884; might give
you an idea; was not appointed an umpire IN an
arbitration between Overend and Quincy and Mr.. ].
Q. Lever N. p; think was an umpire In one be-
which Mr.. ". Turquand ana MIR. X. p. Harding
the official uqudators) were the arbitrators; Messrs
Lascaridi and Lever both being debtors to them;
have been q partner OF Mr.. Turquand; believe l
applied to be an auditor Of the Royal Atlantic Mail
Company; in 1858 the following transactions were
going on and was Interested In them on behalf Of
Overend and Gurney:-The Atlantic Royal Mail Com
pany, East India and London Shipping Company,
Steianoz Xenos, Manuel & Co., q. O. Pearson, White
Il Co., Austrian Bank, Thomas Howard, John Scott
Russell and G. j. Marc; advised the partners about
the circumstances OF all these affairs; whatever
known to me made them known; had q difference
with Mr. Birkbeck in 1854; do not remember what
II
BY the LORD Mayor-I had q sum OF C., 600 given
me by AIR. Pearson as commission on the sale OF two
ships; Mr.. xenos gave me s5oo year, which lasted
only six months; he also gave me steam yacht
Of twenty-five tons as friendly gift.
BY Mr.. Sergeant Balantine-I was then receiving
81, 900 year from 0verend Quincy.
Witness-I don't remember receiving anything
from Lascaridt or Lever as q douceur; received
$500 for acting as umpire; had nothing whatever
for commission in connection with the MIlwall
works; may have forgotten II ever did receive
anything; | kept banking accounts with Robarts.
Bank; also had deposits with Overend. Gurney
received nothing from Mr. Marc or Mr.
Millwall Ironworks; the agreement by which I
received $500 year from xenos was known
Xenos booSs and went there occaonay to see
how tney going on; that after four O'Clock;
j received e., 600 as voluntary act from Mr.. Pear
son; believe told Mr.. Henry Edmund Quincy of
this gift: Mr. Brkbeck told me 1t had not been for
me there would not nave been these losses; there
received letter on the 10th Of December 1854. BY
which left the service; 1t was testimonial; I
knew their large losses at that time; on the I'd OF
January following had eco 900 placed to my credit;
previously had written 10 them making a demand
OF f200OO for services rendered and be rendered;
did not take the cash until after the formation Of
private affairs OF Overend. Quincy n Co.
By Sir Thomas Gabrel-when received the f2o, 900
had not taken my salary OF $4,000 for year pre-
vously; the other ELS 900 was in respect OF the con-
tract.
BY sernean, Balantine-I am still an Official as
signee OF the Court OF Bankruptcy; have not had
letter this morning from the Lord Chancellor was
partner IN the firm OF Edwards O'Beirne; first
knew Mr.. David Ward Chapman In 1859, In connec-
ton with the old firm; made advances to Mr. Chap
man; did not strike me as odd that he, partner
In Overend Gurney's, was then having advances;
my impression Is that he did not want his partners
to know; received money from the firm as salary,
and made advances to Mr.. Chapman. partner;
had no transactions with him before made the ad-
vance OF $4,000 TO Mr.. Chapman In bank notes. and
IN the same form as received them from the firm;
Mr.. Chapman never paid me back again.
Re-examined by MIR. George Lewis-The eco 600
was not, ind, Withdrawn from the limited COM
pany, but from the old nrm; Mr.. ID. Ward Chapman
left the firm before the transfer; don't think ever
held shares In the company.