New-York tribune., 1874-03-19
THE COURTS.
CALENDARS SECURITIES.
HIS TRANSACTIONS wrn TIE UNION SQUARE A,


HIS TRANSACTIONS WITH TIE UNION SQUARE AND
ocv,y y.r,oy,, p.yps
The trial of ex-Bank Examiner Charles Cal
Io,dor Cor accentino hrihe tor reno,t,ng ,,voat,
ionu"i ioi ao'op'"s pii"o ioi isPo''"s ia'oraDly
upon the condition of the Ocean National Bank re-
~ '' '' " D" Wv - ,,.',, -, i" ana
ioI Tue purpose oi Sno"ine Oahohu" sehcr"' intent
re.a'Fe 70 1ne VI uiiOo', DY"sc, de-
:. '"
show tnat the ueiendant had' uhoer the guise Of
a. nu.sa.ao -. Css,,a, ., ,no Irn,on Son. ~.
nri & t ,n raiIoS and ,be oIio,su "a
h,,na %; b,s o. sInnn When I was No. q, 10 10
9yd Sovarn m % No,innoi t,nE caTendar bod % 1ns
UNION squaIo ,a p''n, oro,a, onn I'M splne
money Mi,n @ ~ no ~ h hd n' On @
u several tes on sIS ~. OF ~ i p iS.r ~ I S
snn,emher and 0ct5ber Is7i Calendar borrowed mora
money the bank on Albany and Brunswick IsalI-
way to1k as .np n osnS eS ~ becsS aTous
ISL the day after the failure OF the Ocean National
Bank Calendar never PAID the loans ana as the
, h 10 osed @ nnnv on ~ coIIateraIs 70 anv one h,
calendar he had an account with the bang and he
allowed TO Overdraw 1t TO the extent OF 5000 or
1900. ,,,.,,o, ouo,,o, no,,,n. no,. o.-.
that proP 10 November ls7I Calendar had borroTei
money from the bank and had paid 1t back that the
c"mntS and tbat nnon ono occssion Caenaar @ sSo az
as collateral for money borrowed Alfred Wids nots
for $4,000
Iy the Court-IIOw long before the the Union Square
Rank failed did Calendar report upon it, condtonl A.
do not know but think that he did not report upon
n for ahont one wear hefore The hank failed II Vas ma
custom however, TO look over the books every day,
Ex,Judge FullertOn-What caused the failure OF ths
Union Square National Bank A. The failure OF the
ocean National Bank.
Mr.. Purdy-When the Union Square National Bank
failed did IL owe the Ocean National Bank anything A.
About 5000, which was paid,
DAVIS, the receiver OF the ocean NATIONAL Bank,
testified IN suhstance When the bank failed, Calender
owed II about $1,000; or tnat amount he mas pai1 socO
mr. paws mere c0frooOrated Mr. SeVensons statements
relative TO the Portage Lake bonds when calendar
gave as coaerals ior the money porowed oy MN from
1Ie ocedD Ndlloal Ddhh dh ThI nat ney mcIe Morln-
less when they were 20 gwen out that tney were worth
something DOW. ,-,-- -. s., -, -,
V DIu tuoac Donus nave an! hlaIAet tdlue Muen the
ocean NaIOhal Dank laieli a. OOh hho"' Out tuey
had no lhtilLsIc saIue AT that uhe. ,,-..-.. -,
cIoS,eAanilhsu-i nave tIleu 70 cOlIrS, sope VI oat
,Shuh nO'os slse W tneoVean Nato"al Dauh, ~ n-
mart the lhdorsef OF one OF MS hOs has 1een sued
" nav tpu p -, uo'n i "a" 'N0 JUL
leouon OF Calendars securitIesi a. have not.
Judce Benedict said he did not see what that had IA
- -, :. - -, - yI.o r,,o.,-
10 WIN Tue queSuou NJ iS'ue, anu oN'u'e' iu''VoA
replied propose TO show that Mr. Davis ana several
others have formed syndlcate for the purpose OF de-
.,,tn Tho yaI,e ~ tboso .ecurities In orie, tha,
~ - ", 80 -, -, =. : -, !, - o., ,,.i. -
individual advantage" Judge Benedict here inter.
r,,,od rho coursal and said tbat a, deeren sta,e of
'"P ~ ' 90 - -,
the case the counsel might DE allowed 10 20 INTO ths
matter OF the alleged syndicate but that for the present
=.
ue must apahuou IL"