The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-05-30
THE TRIAL OF CALENDER.
Close OF the TestimoDy-Summi Up for
the Defence and Prosecution.

Close OF the Ges11mOny-SumIh1h Up ICr
the Defence and Prosec ution.
The trial OF Charles Calender, who is indicted
for having accepted bride of $4,000 from the
ocean National Bank OF this city, TO influence his
ofncial action as bank examiner in regard to the
affairs and condition OF that establishment, was
resumed yesterday in the United States Circuit
Court before Judge Benedict.
The case was to have been taken up at ten
o'clock-to which hour IL stood adjourned-but
owing to the absence OF one OF the jurors, who
mistook the hour, 1t AID not commence until
eleven
Alfred Wild was recalled and briefly cross-ex-
ahmed by Mr. Purdy.
To Mr.. Funerton-fhere was negotiation going
ON in July. 1871 through Kuhn, Loeb Co., Of this
city, Tor sale OF the consolidated bonds OF the
Portage Lake Company, IN Europe; Kuhn, Loeb Il
60. sent an agent TO Europe; | was present at the
once of Kuhn, Loeb { Co. when the arrangements
were talked over, on two or three occasions; the
price at which the bonds 10 be sold was
agreed upon, and Kuhn. Loeb & Co. sent Of
rheIr agents TO Europe 70 effect a sale OF the
bonds; the price OF the bonds was to be seventy
ave cents on the dollar; the offer was accepted;
this Information came by telegraph, as | was in
formed, but the arrangement was interrupted by
che disturbances in Europe, which were stated 10
be a OF breaking OIL the negotiation; Mr. Cal
lender knew OF this negotiation; IN october 1871,
Mr.. John b. Howard went TO Europe, and he was
authorized 10 sell the bonds there at ESQ sterling
per bond-s750 in gold; Mr.. Williams and another
gentleman from England came out aud made an
examination OF the Portage Lake property.
To Mr.. Purdy-Tne information came rom Eng
land by telegram that the bonds would be placed
Tor sale there, bur the matter was delayed and the
arrangement fell through do not think 1t was in
october, 1872, tnat Mr.. Howard went to Europe 10
sell the bonds; think 1t was before October, 1871,
but have nothing positive 70 refresh my memory
q. Did not the whole matter iall through because
of false representations as to the value of the
bonds2 A. No. sir 1t did not; that was not the
cause OF the failure OF the arrangement; will you
allow me to tell you what Mr.. Williams told meS
Judge Benedict-Who is Mr. Williams9
Mr.. Wild-He is gentleman wno came out from
England to examine INTO the value OF the Portage
Lake property
MI Purdy-No sir: / Will not allow You to state
what he told you; but u you produce him shall
be glad to see him.
siderable length in regard TO the notes bearing his
name and which had been placed collateral for
loans made TO Calender.
Mr. Theodore NJ DAVIS receiver OF the ocean
National Bank, was called as a witness by Mr.
Fullerton TO prove the coliaterals which he found
IN the Ocean National Bank as conaterals ioI the
loans made by that bank to Calender.
Z. Did you not state to Mr.. Calender, after the
failure OF the Ocean Bank, thatathose securities
were ample TO pay the loans OF Mr.. Calender?
Judge Benedict do not see how that is ma
terlal
Mr. Fullerton read a report made in January,
1872, by Mr.. Davis, receiver OF the ocean Bank,
TO show that ST. $4,000 OF the assets OF the bank
Mr.. Purdy-Do you know the condition OF the
bank, from the BOOKS. whether 1t was solvent OF
snsovent2
Obiected 70 by Mr.. Fullerton.
To MIR. PDrGy-l have oyer-cstimated the vaiue
OF the assets especially the value Of the Portage
Lake BONDS; made my report on the representa-
tons OF the Portage Lake peoples after the iaiiure
OF the oce IN Bank, IN december, 1871, Mr. Salendei
told me mat the securities were more IMAM suih-
cient and good to pay ms loans; he said that ne
thought Mr.. Wild was man OF means ana weAt'h
found, out that Mr.. Calender was mistaken N
his estimate. A do not know. oil my own
ANYTHING OF the Indebtedness OF MI buriourl u
the bank he Is not Jo ,ns OF tHe First
National Dank Of this CITY, deposeu 70 ioans having
been made by that bank 70 f nds on "a t th
Portage Lake Company; when the ioan was made
the bank regarded Mr.. Wild as one OF the soundesi
men In the community; Mr. CaHendef ALSO lal
loans in the National Currency BANK.
To Mr.. Purdy-i do not believe that Mr.. Cal
lender reported ali the EXAMINATIONS he made o
those two banks, but we have invited experts and
bank examiners TO come IN and make the closest
examination OF the AFFAIRS OF the FIRST Nauona
Ex.Judge Birdseyc was called TO testify to al
opinion ne had gwen IN writing in June, ISL as K
the value OF the Portage Lake Company. Mr.. Full
lerton read the opinion. which recited the various
titles TO the property held by the Portage LAKE
Company The original OF this opinion was giveI
TO o gentleman Who was sent by Kuhn. Loeb Co
10 Europe for tue purpose or negotiating SAFE o
the BONDS there.
owed the Ocean Bank. at the time oil It's failure, The
SUM OF $4,000. but Il had since oeen paid
ness for rae defence. and MI. Fullerton said nc
would readsto the jury the evidence OF the PROBES
sor az taken at the last trial.
Mr. Purdy cross-eSamined the witness, VINO said
that he had made examinations Of the lands ano
property OF the Portage Lake company IN Michigan
he was paid by salary OF $4,000 year; 81 that
time ne was not in any other active employment.
Jobn K Dunlap. who had been private seoretary
TO Mr. Calender IN october, 1871, deposed That he
had assisted Mr. Calender in writing up state
mcnt in relation TO the AFFAIRS or the ocean Bank.
d. r. Magnum, President or the Na,lona !, iI ,as
the commercial standing Of Mr.. Alfred Wlld wa
good. ~. -.
IL was announced by Mr.. Fullerton That the evI
dence or the defence would be closed BY the read
ing OF the evidence OF Professor Pompeiil az gyel
on the argt trial oil this case regarding the vaiu'
OF the Portage Lake property. But before ,hi'
done counsel for the government recAs'
BENJAMIN A. Mcdonald, who went through con
iusng ana perplexlng mass OF 1gures 10 snow ma
the Ocean Bank was insoivent in October-tha
they were charging items TO profit which snouIo
have been charged 20 loss.
Mr.. Dudley Field, associate counsel with Mr.. Fnl
lerton, read 70 the jury the examination OF FRO.
Ssssvf PopApell a. sAAen ~ IAg last ulA1 ~ 8lse