The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-03-21

| they had the mortgage back OF those bonds
bonds that witness had ne made inquiries
a. 10 the value OF the bonds rom the Presi-
got nothing very dennite as to tue marketable
or intrinsic value OF the bonds. The President OF
tie Trust Company told him that he mad the mort
gage, covering several nunHreds or thousands OF
acres 81 timber and mining lands IN Michigan: that
the titles were all good ana perfect before they
assured they had good title; and. furthermore,
that 'hes never became trustee Tor any party.
LIVELY SEINE IN COURT.
At this stage OF the proceedings Mr.. Purdy, IN
somewhat excited manner, exclaimed 81 do not
GAKRuLoUs STATEMENTS OF OLD FRoTHINGHAM."
Judge Benedict in earnest tone OF voice.
One moment must not allow TINS TO go on. lou
should not speak OF gentlemen IN this way. your
zeal carries you away. must reprmand YOU, Tor
do not tmnk Il is good taste TO use such language
and IL is not proper. ] yield something TO your
earnestness in tbis but must again say that
you do not gain anything by using suen epithels to
Mr. Purdy-I do not know that Mr. rockingham
rs in court. Yesterday heard counsel on tue
otner side insult witness III very decided man-
nef, ana counsel was not reprimanded.
judge Benedct-Whether did my duty yester-
day Is not The question. l can appreciate your
position out must again repeat that you ought
not 10 indulge In epitnels Oh this kind. They can
do no good.
After tpls episode the witness went on TO state
that he mad inquired OF Mr.. Rockingham. the
President OF the Union Trust company, ii the
gentlemen who acted as representatives OF the
Portage Lake and Lake super. or Company had
been recommended TO him as persons OF integrity;
he said Que OF the gentlemen was United states
bank examiner, and spoKe oil Avery Wild and
Conant; had heard at the time oil Nj. Wild and
hs circums tances; heard hat ne was a man
or large responsibility; that was his reputation
on the street in NV York; witness thought the
bonds would be worth as much as che loan; $4,000
OF the bonds were lett with him as security for
$500; does not rniuK that he get at the time
that these bonds were lett with MIN there may be
something in the books oil the bank to show 1t; Is
positive tnat when he discounted the paper the
bonds were not left with him; had been told that
he could get ten cents on the dollar Tor the bonds
or that they were worth so mucn think IL was Mr..
Davis, the receiver o. the ocean Bank, who told
HIM that; can't say when that was; can't say II
was direct oner; refused the offer.
TO Mr.. Purdy-Made loaus 10 Calender before
that was paid they were business paper the loans
at any one Time did not exceed $1,000; when dis
Calender was reputed to be OF RESPONSE
biIty; had not loaned before on Portage Lake
bonds: those bonds mad not IA marketable value on
the Stock Exchange; does not THINK he would have
loaned dollar TO any person on those securities
but Calender.
TESTIMONY OF JOHN s. HARrsHORN AND OTHERS.
John $. HaItshorn tes ited at some length IN re-
gard TO Calendars having 0verdralts at the ocean
National Bank
Alter some additional testimony on the part OF
the prosecution 10y Mr.. John M. Crane, OF the Shoe
President OF the Union square Bank,
Mr.. w. A. Thompson President OF the Merchants
Exchange Bank, testified that In the lat er part OF
1870 or 1871 he refused TO lend money TO Calender
Oh the security OF the Portage Lake bonds; he did
not consider tae bonds marketable.
The ,urther hearing Of the case was adjourned
until Monday morning ut eleven O'Clock.