New-York tribune., 1871-04-13
THE COURTS.
= rp,p INouEST CONTINUED.

TIE 81 COMiANi'
Mr.. Sonthmayd continued. yesterday, before
the Master in Equity, the examination ol VT. h'l'op'
tho President OF the Farmers Loan and Trust Company
IN reard IN the registration and cancellation by that
Compapy Of the Erie stock claimed by Heath, Raphael
and other English stockholders Mr. Roson testiied as
follows:
Have yon compared M chelq'e Of The os eerac, & 80 so1ss
book Of the Brio Railroad Company aud The 'oAo" KEPT " h'
Mr. morn oss ths question The book referred to should be
M Foy.moe Of referring number. Of the certiG-
r, il .ngge td avoid the delay Of long stamst2n
Mr. Rolson You compared the nunOe" presented 70 me WIN ~
n s .r ,ou r. furnished with R,phaer
6 of stock A. don't know that their stock but have com
p,rol the list nee my l.st eIamn''on =, ,b rts furnished
whether the which appears registry Is caoeeed OF not
T. III. p.pe now shown you .chus upon which from thc
examination you made have put marks TO each OF tue
Mr. souhmayd offered the in question to be marked Tor
M Mors,nr object to ny g.ri from the book being put
in S, yisoss If STS. s Sse !. s1iiS dy Ss yI u
Have through the wnS. Of Of, the nd @ a.. a. yes .a p
with the d ha; doe that 1 a. on u & [G, & i' shows S oSe
s,e Of lot Of stock surrendered o. that date ' "''n
the ''s . NUMBER sI, % na' 0 & u ou hSye marked cauee
with the date indicates, does II that the stock eerlcate. 9i os
members have cancelled the Farmers Loan and Trust GoBan
stock issued its place. as appears BY the registry oil tue FARM
G,9 md IT., ,, Go%9s.y 3, .s., a. T s VA. done.
Morgn-I object tst mu, be shown o' ue reg''ry o
1e" that che stock wss csneee e is place
when the book shows ~9.' vas a'nT @ I il i statement have
prepared the Master from certain numbers that were FURNISHED me
It statement to chow What wa' done sh The stock o when u'
ere IN. numbers. GObecion oyerruleL
you ready to yer that BY the registry which heTei A.
Every atesn, you have this schedule Of the Vori' can
O And where the OPEN what does thot
deSteJ ipficate, that the certificate st outstanding
@ And nothing done With so r the Farmers Loan
VIII produce the booA' from which those facts 'pPeTi A.
Yes .he books here ..,.,,,,,o. too.
place A. December D. 1906 Janqar H. ~ and 5'l Deee,eeer %
~ lgO December ?, l3 November lo llo and Soye%nr go l'
Is ls6 Drener 1859 December ~ 1870 December H. 1906 De
O ,e me he numbers certificates hi,', which sPpnr to
1890 here and want them ertnar from the caSe hey
any Of oerufcstesi A. 81 1903 and u e9 m , 100,
the 9Th o DeoenbeT issS aud tie an Of Dembet 1891 A. October
3 +, d p Il, liio d DSs5 TO- liS ilS NO 70 is december
Mr soumsyd-re of Mr. Coleman copy o which handed
70 e ies sI & % 81 5 and s a should BE- s6i aa s
the l2GJ 70 l2,i CoeDaas LIST should be leJl II
wn lool q, registry ,nl whether S. s.5'9c,te, Mo-:
s.aied The f,ue Loan sP Trust ComPay "a , NG.. & sof to
o wb vas The number hr certificate which uron your eramna
Mr. souhmlydrhit number is mistake in the copy furnished bJ
Coleman. ,-..,.., ,.o.
which it appeared that considerable amount OF the
stock claimed y the English stockholders had been can
whom are Alexander smith CO.. i. l.. stockton, T. j.
Titus l.. X. willard; willard, Martin Beach; DE For
Q Is & ali the stock which va, Issued on different dates you
testified TO ah countersgns BY the Farmers Loiu aud Trust
T i not have been conn,ernei and registered BY you except
upon nceton The original certificates which
the basis of the issue A. No.
Justly tie issuing Of new certificates upon tleni A. Ye..
Your stamp put On By clerk Ju oa punched this round hoe
you how many shares Of the stock s'ue
C examined by Mr MoganQ. In your direct examination you
9th
change BY resolution Of It. Governing CoGme dfsfTmse tIi' no
transfer o. general reg,r,pa IN oth "or the stock should be
Is there any other custom except the one under '' r''ouonf A.
q Why registered the Farmers Loan
cbansei hinl the stock Exchange regulates the custom Of trade
q. Doeshi a. 1t doe,
cred good snv aav because the STOCK could be nego1
th' al companies "ho transfer stock have established
perfect crrdcs by taking them through b. forms the Company has
M q, the stock Of he rG RIsny & y, ,cq@pny 50 % m , as contained
!9u -,l W tha eIA suppose 'A all Tue STOCK
,ys IN ibo.r ccries Gren regereIi A. Anofther have
been REGISTERED but they have Teen issued Company became
O say you employed by the Erie Railway Company
r stock what N done Che Tune ou "e % emp3ys VIA, a'iS e.
would not register stock unless s'me directly through the Erie
What process did put the certificates through They
1e us b. the E8c Raro compsn containing correct copy of
outstanding ch " aye gon5 to do with he transfer OF stock
prny with csue e certificates youf registry book would
the cancelled certificates hd ai through ohce they had
nn did appear auec certificates Of course
would not
Q And necessary should be the dcnc, certificate
presented upon the there and
which issued A. Not all have only en
tify the stock A. genuine after prr.entatinn
Redirect eIsmnation-Q When your registry open A In
September October. 1853
O. You any
The b Of the cancellation existing certificates
and understand that certhcate which presented for
eOn the busi, Of registration and issue t b. either
shch ue outstanding the Wen opened
registry ami Which, therefore appe the list ~ Erie Company
furnished that me Il he certificate issued fom this date,
have been previously couner.ne AMI registered by youi A.
Yes.
q certificate issued subsequent October 1863 which has
by does the
ancraton A. stock has issued then
li either have been the October. 1853
have formed the r3,OO ssIui after that. and which
was placed your lit A Yes
therefore he either the original furnished by the
Of the - 900 subsequently, issued
tered BE- sok which opening the registry
has been heretofore unrr.nei and registered BY yOui A. Yes
y As matter Of iact 10 whether sell Ere stock
unless registered BY ouihn s the certificates bear date
appointed Regsrs salahe article in the maTet A. No
1t would not be pucaAssd by any dealer in stock.
The investigation then closed for the day. Thus
far it, result IL the Identification Of 2sOO shares Of
the Erie stock claimed by the English stockholders Mr.
SOuthmayd then demanded To the original stock,
transfer and register books OF the Erie Railroad Com
pany. Mr.. Morgan requested Mr.. SOuthmayd to exam
Inc them AT the office of the Company he declined To do
aud the Master issued order Tor their prouciO
before him.