The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-04-18

at the Clearing House to Osborne h Chaplin. A. Be-
cause gave Osborne a Chaplin IN the morning an
to as ns Ts asr National
bin there so that he could use It,
q. You were not at the Clearing House2 A. No,
sir; never saw Mr.. Palmer from the time made
the deposit until the afternoon l went for the
money.
O. And you gave no direction to pay that money
to Osborne A. No, did not; l told Mr.. Osborne
TO go and get the money; did not suppose the
bank would pay the money over until they got the
money from the Clearing House.
Q. How did you take the money awayY A. IL was
paid to me In person
q. In legal tender notes9 A. Yes, sir.
z. over the counterY A. In the back room by
the Presidents the President and the Teller were In
the back room counting 1t, and went Ia there ard
Q. How did you take it away; was it not very
bulky2 A. Not very;
THOUSAND DOLLAR NOTES DO NOT MAKE A LARGE
BULK
Q. 1t is large amount of money to carry about
town A. have carried more than that on my
bank never saw t again till disbursea bottom , of
1t; do not know whether have any OF the actual
money now or not.
O. Did you deposit 1t in any bank2 A. did not;
never deposited dollar back in that bank.
BY Mr.. Merriam--You say You have carried like
amounts before How many lock-ups have you
have been in active business before; In active bust
ness we carry sometimes large amounts OF money.
BY Mr.. COX-rhere are good many lock-u
there, are there not A. Yes sir; they are not
uncommon.
"A.
Never in my life, and do not really know where
the Clearing House is
BY Mr.. Merrfam-Do You say that these houses,
who are your especial partners that no member OF
those firms was aware OF our intention to lookup
your currency A. Nothing more than they could
see from my moving 1t. You have been broker in
New York, and you know that II u man calls in his
funds you would naturally infer that he was
BY Mr.. MISUNDERSTANDING else connected with
yOu-Daniel Drew, or any one else 7 A. No, sir; it
was
PURELY FREAK OF MY OWN.
@. Are you not aware that locking up money in
this way affects the general trade of the merchants
OF the city A. do not think that an amount of
that kind should have any great effect.
House A. Never In my life.
GOING TO DO SOMETHING WITH IT.
But always kept my own counsel.
@. 1t seems remarkable that Mr.. Palmer should
have called in 100000 on that day, never having
hone so before He gave us reason that he feared
these parties might not be able to respond and
when asked II he had ever had default, he said
he said he had not2 A. Mr.. Palmer is very
5000, | should get note from him Immediately TO
make my account good. do not think he has any
particular feeling for me, that he should call in
money at the expense Of the bank to help me.
Mr.. Meigs (at the request of the commttee)-Do
yuu have knowledge of the points of time in the
month or months in which the public departments
drew their balances? A. have no knowledge
about those accounts whatever; never paid any at
@. The fact is that there was coincidence be-
tween your deposit and the lowest point which
they had reached for long time. On the 5th
THE BALANCE THEY HAD WAS THE SMALLEST
shown at the Tenth National Bank My question
was whether you had any knowledge that on the
9th their account was likely to be so lOwY A..
have no Knowledge whatever OF 1t, and do not
know who the heads Of the department. are.
BY Mr.. Merrlmam-ThrOugh whose influence did
they make their deposits with that bank 2 A. 1
suppose that
TWEED, SWEENEY AND CONNOLLY
brought the accounts there originally when they
were III these departments.
Q. Have they present directors who would be
likely to retain 1t theres A. dot know.
n Is law mi n A Xngg CHI
by Mr. Megs-Are you acquainted with James
Martin, cashier of the Commercial Bank of Albany
A. think was once introduced to him.
O. Have you had any intercourse with that gen
tlenan, by letter or otherwise? A. Never in my
like.
O. I ask this question because there is a remark
able coincidence of o receipt Of that Commercial
Bank on the 4th OF April OF balance in the hands
amount, with the other sums from the Tenth Ma
tional Bank, aggregates $4,777,0O0 A. That Is the
first ever heard OF the remittance at all.
@. Do you remember about what part of the day
you sent that notice to President Palmer that you
wished him to remain late ut the Bank? A. think
1t about two O'Clock in the afternoon; it was
certainly before the close of banking hours.
kaQ. And therefore, II you sent word at two O'Clock
which he probably did at eleven O'Clock. A. No,
sir; he could not have known about ny purpose ut
that time because sent note to him much later;
! do not know why he did it, and did not know
that he had done it until some time afterwards.
| q. Did you hear President Palmer, during his
| time make any remarks in regard to anticipating
large drafts against which he was certifying him
self by calling In his loans A. do not remember
| Of hearing him say SO.
Q. Did you hear ythng bearing upon that idea ?
A. l cannot remember anything of the kind.
O. Did he give any reason for calling them in and
leaving only a very small balance unpaid A. / do
not remember anything about it now: / know at
the time made the deposit had little to say;
went in and left my deposit, and had no converse
ton with him then as to
MY INTENTIONS IN REGARD TO THE MATTER.
BY Mr.. HO0per-YOu say you had not much con-
versaton with him as director Of the bank A.
Very little. | only told Mr.. Palmer that l wanted
him to keep the bank strong.
@. He would not be likely to be calling on you for
A