New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-11-24
wAILsT. TRICKs-A

wlII-sT TBICKs-A RETICENT STOCK BROKER.
The case Of Richard w. Akin of the firm of
Davis & Akin which collapsed In this city May IT, 1869.
has been trial before WIN. J. Thorn, Referee, In
POughkeepsie. The examination Of Akin IN proceedings
supplementary to an execution has been carried ON
difficulties Appearing before the Referee Oct 81,
boy Judge Barnard he refused 10 answer ques
tons OF the absence OF his counsel Nov lac
appeared with counsel and refused to answer on certain
technical grounds questions in regard To his prop
erty Nov. be brought before Judge Barnard. and
threatened with the seyeres penalty OF the law If ne did
not reply the questions put to him. He yielded and the
examination proceeded before tue Referee. Atkins tcsti
pony was - te last degree nOn-committa He stated
that he hal been member OF the firm, and that the
capital Of ,he firm lad a~ounted TO $4,000 or $4,000
on the do when he abscOnded, he admitted
filing out checks, but could not remember
whether LIE had drawn check Charles
McC,Lre co. for s23,Gj0, or On Jay
Cooke Il -. for t95,475. He had bought some
bonds on th,. lay, May Is, but could not remember
whether the. amounted to 5000 or 10000 In response to
the queso whether be had had that day 100 shares
y Y Contra. stock Pacific MAIL and 800 Chicago Rail-
road he proiss,ed ignorance. Checks Chas Mcclure
( co. and Jay Cooke Co. for the amounts stated above
were shown. He Acknowledged the signature Of the
second as his own but would not swear TO the first Nov
L. he was brought before Judge Barnard ard fined sl25
for contempt When his examination began again, he
Acknowledged the signature of the Jay Cooke check bis
n. =
buv bonds which were bought for Ward E. Robinson.
When asked why this money paid 20 Robinson, he
replied that It for debt Of $4,000 or $4,000, he did
no. exactly know how much. lie took no receipt
He refused 10 state whether the 18th OF May, 1862
he sbsconded from New-York. Ho admitted having
lived in Montreal months but refused to whether
ne had informed his partner Of tina: fact He had been
supported While there borrowed money, which be re-
md with money borrowed from Ward e. Robinson. IIo
ateI that the debt due from him 20 Ward f. Robinson
W. for borrowed money An account, In the name Of
" e born" shown TO him, standing on the books OF the
fan r. aid was his WHO'S IL got the money by trans
.rrr ~ from the account or Il. :. James, FICTITIOUS
nome Cornelius j. Robinson worried the account iOr
him Akin Put into that account, March 20 1863, tlO ~,
I-ro,vad from one ~ the IobnsOh1.
Iay- Ain's partner, testified that tho capital OF ne
f,i ,u hank on the day Akin 0bscOnded was sl.yJ,
Ijte S2OO0 IN bonds the two checks spoken OF W. 70
red M ard signed by him; heior" the last deposit IN
No rs the bank had oyer-cerhed for the firm about
60 m the last deposit o.. 900, which reduced no
rauobt 70 So COZ the bank sold the bonds depOStt
leaving balance Of 8 s,665 %. ~ - .
Ulof AKIN absconded, he carried of s5G000 In untHd
s-ss COvorumeut bonds, 100 shares New YORK Centri
sock worth ssl75; 100 shares r>lo Mail, value s95
zoo Chic 70 and North-N estern value s2T,4S7 81.
REORGANIZATION was az, ourre I'd.