The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1870-02-18

put up sufficient colaterals TO secure me against
any loss. This was not check in the vault, but
deposit in the brokers' Office.
Mr.. Hackey continued further by saying that
he saw no reason why thc State Treasury should
not be conducted on the same principle as banks.
They got along very we'll
Q. By Mr.. Billingfelt What did the vault
account consist OFF, A. ! never took paper
from an individual, but carried 1t as cash In the
vault.
@. By Mr.. Billingfelt-Was it the system that
certain banks probably carried IL for the beneht
Of individuals2 While IL was called bank ac-
count was there any part of the balance belong
ing TO the State Treasury deposited in any banks
for the benefit of certain individuals? A. We'll,
/ suppose very likely that some of the banks
and some of my friends may haze had advan-
tage OF 1t in some way. / believe 1t Is custo-
mary where man can serve his friends to ac-
commodate them. 4 was little particular
about my vault account. / took some from
Irwin that was not exactly in the shape de-
sired. was not obliged to do 1t, but took It at
the suggestion of parties interested. ! receipted
to him for the balance as cash, because l be-
lieved would get money for it, and so did.
Q. Mr.. Billingfelt-Can we examine that bank
account at that timer A. Yes sir.
Q. Dc. you keep private record of that vault
account? A. Yes, cir.
Q. The laws require that the vault account
shall be kept open for inspection of the Legisa-
ture. Was that private record ready to be ex-
hibited! A. Any person who came into the
@. OF what 1t consisted A. Yes, sir.
Mr.. Mackey denied that the deposits had been
made in banks to benefit private Individuals
but that he would certainly not object TO that
bank discounting mans note because the man
had asked him to get the deposit. / suppose In
dividuals would have interest in 1t, or they
would not ask 1t.
Q. By Mr.. Billingfelt. Were any deposits
made for individuals who were to have the use
OF money before deposits we're made? A.
think know what you mean. There was one
deposit in which did not check all the deposits
in bank. guess one of my friends got the
benefit OF II. He said he would have to sell some
securities II l checked out all of it, but did do
so. One of the friends of the party and of mine
requested me not to do so.
Mr. Mackey said that no other deposit had
been made with the understanding that some
body else was to borrow it out.
Q. By Mr. Billingfelt. Do / understand you
to say that deposits were made at the request OF
certain individuals and you presumed that they
got the benefit of 1t ? A. No, not that but / sup
pose they got the benefit of it.
Mr.. Mackey said in explanation of the sudden
decrease of the vault account that he simply had
deposited checks in bank. Nearly every dollar
was of corporations. Sixty days was sometimes
| the longest time of having such chess. In re-
ference to the warrants none had ever been re,
| fused payment, except school warrants from
| delinquent counties. This was not the law,
| but a practice for years. l thought 1t was the
| law until about month ago. The Marine Hos.
| pital warrants at Erie, were three-fourths paid
before due.
Q. By Mr.. Billingfelt Were there any war.
| rants drawn for charitable institutions whose
payments were deferred for want of funds in the
State Treasury? A. No, sir; l think 1 know
what you mean, viz. ;-A newspaper
charge, that refused to pay Curwen, of the
Insane Hospital, $4,000; 1 was not in the
| Treasury at the time, but DR.. Curwen said thai
any part of it would be satisfactory, and that he
only wanted $4,000 at that time; that is my
| cashiers story.
Adjourned until next Wednesday.