, 1874-01-14

o-Which you hold in trust for what.
A,-For the Franklin Bank
STOCK As TRUSTEE
With regard to the stock received as Trustee,
he explains 1acidly:
o.-you bcrsn to buy Lombaras stock in TAT
e-5:n; e.-@hst did you pey him for thata
1--1he so, ,0oo stock cost sl5 |ooo.
Q.-You paid him 50 cents On tho dollas7
o:-Psid that out in oash7 |
o.-What did yon do.
Al gave him my check foz it. |
C,-Wasnr that cash?
Alt amounted to the same thing.
O-Did he get cash for i'll
An that eense he dia,-ses, sf.
p-y.Aat did you check ont |
A--Thc Real Estate 1oan md Trust Company.
Q.-On youE private account
o.-1ou pa,a PAL: him s1s,ooo out Of jour prsgate ac
count 1oz th Sc, ,coo stock
o.-1t was charged up to you IN your priva.e ao-
K.-His check was charged up to me- in my private
account.
A.-So, cir. |
Q.-WhAt?
O.-What reason had you for doing It in TINT way?
Al didn't wish AIR. Lombard to know what the
disposition Of th2t stock "as II WIS tue slpes' way
o.mThen you led him to believe that you wers pur-
chnsing it yourself?
Al did nbt.
Odd you not go wish it to bo uuderstood7
Al did not
X.~1t vas the simplest way without explaining to
q Q.-You i:dnt wish him to know The bank waa buy
ing it. did you?
Al did not.
Q,-Wby did you not?
A.-Beyause wanted him to pay whnt he owed to
tie bank. thought that he kupIosea, the oank as.
was purchasing it, he would Ne less acta'e Ill os'
charging his obligations to the bank.
STILL MORE SWEETNESS.
There was mere richness whom question: came
to be close aud pertinent, like these:
O.-Mr. Briggs where did you get the money to pay
for certificates So and 50:
Alt was the Franklin Bank money.
Q:-uow could il he your private account when 1t
pus Fr-nklin Bank money!
An passed to my credit about the same drne
paid for This stock.
u.-now did yon get that credit to your private ae-
A.-without details, 1t was credit to my account
o-Yithout any actual money beng paid Simply
TOOK it out Of the Frankun H4nk and put 1t to your
crett7
O-How was it charged7
A-pebited to Cashier aud credited to NE.
Q.-uow long did the Cashier carry that as debit
to him and credit to gou7
Alt is carried along until this present time.
Q.-so that it appears st.nding against you 20"
All appears IN the CahLiers RECOUNT now On inc
books OF lie Company.
O-It ay1ea7s against you?
x.-So, Sir. II don't appear against ne-against the
Cashier.
STILL BETTER.
And the richness became even more rich when
some home-thruSts we're made, Ike these:
Q.-Didnt you give the bank some voucher for haT-
Ing received this credis to your p1isAss Aesount7
A-So, sI.
Q.-You didn't?
Eir
Q:-wlsaeyeE : yoa wanted money in the bank is that
"a AMTheuerer wanted money In the bank fox my
personal use gave voucher for it.
Q.-TooE discount?
o-waat did tic Cashier do to protect himself from
the loss OF th1s 81 500.
A-The entry showed what had become Of 1t.
O-Wnut does it chow?
A.-The entry in his book would show this tFansao-
i Q.-Frorn that bookkeeper any one else c1an,-
ining 1t wouldn't know wuat it meant would hs7
A.-So, not without explanation.
Ollie would simply know that the Caanlef 1ao
tasru cut Of the Laux 81, ,CG0 or 81, coo?
At would be susceptible OF this explanation.
K,-That would be tle fair explanation
0-isn's 1t fact thst the books show nothing IN
ree1enee to this stock transaction from which Iss
sou not familiar with the transaction woUd kno" tnas
| uuy money had ever gone Into stock !
Avery likely it it,
| To supply an exactiug public with spicy read
O.-For how much OF this stock you Represent As
Trustee are these certificates ou:At.udingf
| A-Sot toIilr.
Q.-Sot dollar!
O-Then you destroyed all the certificates tbs bank
| held
A-The bank cancelled them.
| Q-Nhat do you mean by Cancelled them
A.-punched hole in them or erased the sigma
| tures.
o:-so that nothing would appear to belons to tho
Mot at all The books show; you can't alter the
o.-Mr: Briggs, where are those certificates now7
>A.-well, presume ,hat have thom IN my roases~
| O.-You know you hare them in your possession
| A.-No, tir. don't know have them.
! Q.-Dilnt you examine any when you mace your
NO .ir. not at all; didn't make that from the
| stock took toe book ~ suited.
| p,-Tou have them still among your papera
| A.-Nc, fir; can't say have; no, air.
| Q.-You think you haye7
| A.-No, sir; they may be IN my desk s'i1.
| Al haven't them at home they are In mS desk
for you to do as Trustee holding the sacred re'atdon-
shi, Of Trustee to the banE to 60 aud destroy those
certificates showing how you held it?
A.-That Ii not it at al. The cetuncates CUT no n8'
ure in the premises.
al say this matter cuts figure. md great og-
ure too in the premises to show who held tie STOCK
! Why wasn't the certificate book -
| A.-The looks show who hold the stock
Q-Tne certificates part Of the record and part
| they? -.,
the exception Of the outside stock, bona fde held By
| outside parties.
| Q-TEat is the only answer you can give
/ Alt is-vithout seeking for evidence
Q.-Then. Mr.. Briggs. VIA, evidence have We ut tho
Drcscu time to show that you held, Is Trustee, 5o
shares representing 100 In money in trust for this
| bank?
A.-You have tho transfer-book, which is complete
record End shows the full state Of the case which is
| all that Is necessary.
| o-You haven't any book which shows that the bank
i owns one dollar Of stock-noi book.-nor have you
al entry to Elbow that the bank OWLS one dollar Of
| stock. .
as Trustee. It known to the otlirer Of the bank
! that held that stock, and The bools Ehow it.
! Q-ThtR stock issued to you as Trustee 10 nola
for 1.t,k son then why did you not hold II
| a,lI turn it over 4kBsts Of the bank
! A.-T.zt reason doesn't arply-it doe9nt follow
! OIL .link it follows very consccutive!y. ,
/ A1e fae:g remain the same, fox though there had
been dallar-
Q.-Hut We ~aut sons facts to chow from the rec
ord: We want record Of something. It seems to
have been your busness and that othe ocers OF the
bank in charge there to conceal everything you could
| ,,,co>1 ia rnth{1t1 in thpee FecQT1H EE1T