New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-11-26
jay COOKE e. co.

THE BANKRUPTCY PROCEEDINGS N PTTifADrIPHIA-
MR.. COOKE ON THE WITNESS sTAND-PR0BABL,
ITY THAT THE FIRM WILL BE ADJUDICATED
BANKRUPTs.
PHILADELPHIA, Nov. 2f.-The first eXamina-
ton Of Jay Cooke since his failure Sept 13 place
this afternoon. before Register Mason, in Bankruptcy.
The proceeding ia the shape OF hearing before the
Register for the purpose OF suDtantatlg the charges
made in the petition OF the last petitioner In bankruptcy
samuel white, who fled his petition before Judge Cad
walader last Wednesday By his counsel J. q. BTinkle
Samuel Collins aud Il. J. Downing. A. the hearing
to-day there present the three lawyers OF the cred
itor John Bultt for jay Cooke, and Wm c. Moorhead
who also present, with j. Barlow Moorhead,
brother OF the lastnamcd. Jay Cooke being sworn,
testified mostly at the dicatOn OF his counsel. this
course being permitted by Mr.. Brinke. MI Cooke said
| am one of the firm OF jaw Cooke 81 Co, bankers,
doing business in Philadelphia, Washington and Nos-
YORK; houses suspended payment on Tho 18Th or
September last. and on that day maze an assignment u
J. b. Moorhead for the beneht Of creditors OF
certain property lying outside OF the stare or Pennsy
wanna; this paper was signed by me and ceran mem
bers OF the hrm and also IN the nrm NAME AFTER the
failure 10 assignment OF both real aud personal
property in the states OF ONO, Minnesota, Missouri,
Wisconsin, and New-York; 1t also embraced the in
diyidual property OF the members Of the firm who
signed IT, 1t recorded In Pennsylvania aud other
sates the estimate OF the value OF the property so as
signed Is IN our general statement submitted TO our
creditors, but there has been no app or that
property aud the personal property conveyed by that
assignment still remains under the control OF our firm
In answer TO the question: Has the firm made
Segment to E. A. Rollins ~ Mr. Cooke SAID, With copy
OF the agreement OF Oct. before him;
This paper has not been signed by or for MS by Rollins
Moorhead. Joel b. Moorhead has signed II as cred
tor but not as assignee The custody and charge OF ho
property still in hands. There have been five
Judgments recovered against us III the state OF Pennsy
vana and executions have been issued Oh those ludg
ments IN two instances.
To the question: Have you settled with some cred
itors at the rate OF Is in cash aud bonds OF tn"
Northern Pacific Railroad Company for the remander"
ohie
power to Insist the question being answered. Mr.
Cooke continued
lam acquainted with Mr.. wbitte, the petitioner Ho
called few days since desiring 20 withdraw ais
Tine reasons which induced To make the asst gnmept
10 J. Is. MoOrhead werc that IL would prevent any
sezng the property on foreign attachment The amount
whole indebtedness Is about S.9OOO0O. The pIO-
70 that agreement, about of these creditors
all have signed or sgnIed their readiness To sign, but
creditors about In position that they
require the permission Of the courts TO sign
The creditor Samuel white, was thea called. After
his examination, the hearing closed, and these proofs
will be used Wednesday, at which time there 10 every
INDIGESTION that the firm will DO adudicated baDhrupts,
and trustee appointed under the 4sd Section.
THE FIRST NATIONAL BANK OF WASHINGTON AND
THE ROLLINS TRUsTEEsHIP.
WASHINGTON, Nov. 25.-In tho Supreme
Court of the District OF Columbia, to-day order
passed authorizing the receiver OF the First National
Bank OF Washington sgn the proposition making +.
A. Rollins trustee With the consent OF the creditors as
heretofore submitted by Jay Cooke Co.. unless good
cause to the contrary 30 shown by tho proper parties by
next Tuesday, Tue application was made ON the sworn
petition OF receiver and by direction OF the Con.
roler OF the Currency. after consultation with tha
Secretary aud solicitor Of the Treasury As the matter
rests by IN the direction of the receiver ana tho
Controller, the order is deemed to be a naality.