, 1873-11-11
dcra fos grain before tho receipts ad besn presented
.Q.-Thoy lave boon doing it ali summon. haven't

81 mem ths, Mr. Nohun viii try to 1nn1te my
s IL, yo'rseif aud H. ssvosHpnIy to vpeoat,
No!son Co. for III order Oh thu elevator. you Issue
fa H5efs o TO sn to losd yesss without af pro''nt
A.-Not without thoir presenting tho rccoipts-or
without their csnee!ling te roserts? ~, o,r.x
presented your receipts boforo tho order was lssued
1.-The twp oilces ars ,, together ..u. u.,o, r. m
to tho othcr office. viii oonnno myself to tho books
Al .ay that we have delivered GRIM frequently to
Murry Neiaen Co. without tho cancellation 10 Of ~ thc
receipts Or the presentation Of tho receipts tho ee
w. oTh" Tis' H. you h.vo done that In your own ooo
down bore yhere u, al snls now oihco ia7
Q.-Now, nir, won't your books show how that t.
ts ofaor. hsvs Dcsn % Given from your oiee % Murry
Nelson Co.. snd to others. where tho receipts hayo
s5oD e9s II
that grain las boon delivered to Mrry Nelson Co.,
n @Whsn @iu Marry ~ Neiso Co. eas 'itS for the re
cctpswlen thoy called for the order-you brought in
ot aAse rsaaS ia. .w.. been aov
orcd upon my order.
o.-You are one Of tho trm7
Q.-A member OF both firms?
ga melnbar OF oil throo nrnsq
o.-Thon you gave these orders to yoar Own house,
hnd took thcm at once, without buying up your ro-
A.-No. Sir; tnew, ss rn1o, whom ! gavo them on
e ressps as
Q-Tho contract for tho receipts and tho receipts arc
two different things7
OIL propono to send tor tho booka Of your office
pretty soon: Dd you go to 200 N1r. 0ary, and tell
straitencd circumstances, and wero shipping out
grain, md to II receipts correct or not7
n-Yo,,, VHi iii no.q
go. ss; ait u aia not do any. such thing.
Q.-Thatia ia between YOU and him, then?
Al don't know anything about that.
more 10 s.y Il ths time this Investigator com.
monccd Dc you know how much yoa wero short7
Q.-Woll, can you approximate IT, ....
sary % At ai becsauo @ I'll tho SooEs viii ,how Our books
and Mr. Clsrys both H1l show. .
9 s ssa Scoi. ~ o ssa9 hds as5s I'D
| Office will ahow7
A.-Yes undoubtedly. .....
Q.-You three mon comprise both firms. ono com:
mission.nouRe and tho other an elevator firm and
you havp made free to understand each othcrs' busi
propor, and to order your reports a. you sot In your
! Fecepts and your contracts and shipped tho grain
A.-No,; t hardly asy that You say We made free.
x.-No, don't think they viii, though that 1. not
Q.-We'l. then, hhsn't TINT limo Of business been
For eie safe ef being deantic would prefer to
refer right to Mr.. Clarys bookH.
Q.--Wonldnt you just o. soon hsvo your orn7
A.-Juat exactly. .
o.-necause they have been at my books ana would
AL would just as soon have my boohs; tho books
Of Vincent, NelHon + GO. are the same thing.
Q.-Now, IL not that tho general practico7 Hasn't
trade smong ali Tho elevators?
Al suppose II was. ! hare always had grain ut
the other houses Whenever wanted It,
Q.-Thoy took receipts for it2
The Chairman: Q.-Wnat would 10 reasonable
extent? ask the question now, 80 that We shall not
Al suppose that is In tho Judgment Of each 1nnn
for himse gaye ~ order on Friday Or Saturday Y On
more or less oyor and abovo Tho receipts. They laok
ca about TINT much receipts Of 9ng her up II the
was vas short semsthing ike !. thouaand busaels,
g1ge them oras nco F n tn 1T sh Th
that kind Of men. It has been matter In my own
Judgment ontirely.
soass a5s e SsS ss
els, or 1000, or 100000
h osd ho .a aa S gn
90 on. II the house full, nl grain arriving
rapidly, should glyo them M order for 10000 OF
o.-wel1, yon would 100000 wouldn't you7
y paoity. and wero M @ crowded III room al tic tmoo!
coursc on their promise to replaco 1t with certified
So .e5s ro ns1es sst
consider good, life wnlfer i Kent I.
nst
NJ. oary Weil, II is Penltcntary orenso Isn't It
Al think 1t ts, according to law; TINT Ia my un-
#: Warren; think there hss been son,t son,.
fSS Mr Nelson Is to tho praetieo IN liz asa shd Il,
practice generally think i would DO proper for u
r. il asass sa
1uenta to Mr. Clary7
Az Wasren xes hat L. ono ot them
here the general subject Of transaction lctweel
Mq55y r. Ae'soa-0f Ills borrowing from Armour Dol
NJ. olasy: 1hero was cargo Of 1ome 10000 bush
s9s,,G;s 900 bushels over and above th
III osry: / stated substantially thss: That Mr.
at scson
considerable ba!anee, how much do not know:
that the matter along until t1e panic conone9l
and .tsr TITS matter became subject Of public taa
r.1 NJ ofis Ris ib.ns wan that c,osa not Sp
1nents made oi any dculty until Day Or two ute
some trresaiarcs 1 ' & % ofore is hat MOI
day In tbs latter part uf the previous week. Eettin
aslde all theac points, there II question Of the Porto
haTo.
| A.-Well, think would nko to correct the part
my teatmony relating to this subject; am remindc
now Of nomethtng III answer to u question by It
| Colonel, As to how much NC were short. thtnk
way he put 1t WAS, at tho time this investigation con
menGel. .
Col. nougt: At about the tlmo We called for Il
| Committee?
Any intention to hay at the time this invest
Ratieu commenced wo not short any, and had Il
beeu for sotne tlmo before. know otlr shortage WI
| In PROCESS Of being 1nalo up went to New Vol
uone days BEFORE md the shortage made up hoo
t nfter loft.
D The Chairman: You went to Now York before TIL
Z | panic commenrcd2
' .A.-During The panic about tho time tho rou1
| dance commenced hore, lit out.
rupiion, about tie cargo Of portch-if you hage
d | explanation to mako IN regard to that :
Q AL do not know that hnye. That matter, u
o unerstand it, would beong to Armour, Dole DO.
Q--Is csme in here incidentally n tho COURSE Of o