New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1874-12-30

action thereon and that his reply was. IN substance
prepare tho bill aud generally 70 secure Its passage
STATE y fully 3. yen "a. san D. weas ~as sn than
have; do not Iecollect that any particular amount
O. At a meeting OF the directors subsequently, at
which this brought up, what happenedi a: sun
wen answered in the Same general way; Mr. Stock.
Wells reply that was mere matter OF sov"o OF
O. Was any other sum ever mentioned 4. During
the time director no specific sum was set aside Tor
Mr. Dawes- did not inquire for tho purposes; only
ask about the amounts DO you think an entry OF an
SuiryT A. Certainly 1t could not. ,.s -.
business 10 the transactions of Its agents the manner 10
which was DONE e9uld such an s entry nave
ws a s 10 the Inc the
know how tho funds nd us sS ne A.
% O. Did they have any such desire A. do not know
that just understand the question .. a.. ,oi,ov a,
bs = 1 not f e hass Wa the sSs
reference the suJsldyi A. think y was not aor
know %" exactly how to answer the question ,uu,,.n,
Q. merely want the truth; that Will be suhc'en'
the books that there was sSoG
doing. they would be likely to observe that on Tue
They might nSd might nS Would they be
Likely to know that on their booksi A. II would If they
O. lit was tho policy to not know, would 1t be easy
to escape knowledge Of this entry ON the books A.
| (aiter pausr), Undoubtedly .
In POpt Of fact this entry on the books did escape
q 30 far you know no member OF the Execntiys
A. Yes. Sir. ..
know this Transaction would be entirely out Of their
sG' a. res rocv IN L,ovv what the President wa,
doing would have been the easiest thing In the world
to have lcarnedi A. 1t would. desire to state In ex
my term, aud went out Of the Company at that tme
M to
the transaction was 80 near the time OF your eav
uo%n ' We wen. out Of ONCE because the time Of cleo
been held ia the FALL but desired that the election
should be held in the spring ., ,,
single eyer s aae o ME- soSRWs
about uoing The funds OF the Company under
this resolution to procure subsidy A. No, sr or
went out OF tie Company A. 1t was
@, 1t was In process several monthsf A. think II
&C" O. The funds of the Company were being used from
January to June-norc than three months-were they
o. The Company had authorized Mr.. slockwel to
pend money more or less in February. had 1t not and
After the subsidy in point Of fact passed
".
10 tue President they clothed with discretionary
mower in the expenditure Of this money to tho man
he was to do 1t IN limited manneri A. Yes. Sir.
Mr. K.SsonMr Billings did not hear The !. date when
@, Did you go in with the stoekwell Board A. Yes,
O. DO You understand that at that time Mr. stockwell
controlled majority OF the stock OF the company A.
O. What do you believe to he the fact :. A. have no
particular belief, for have no means Of knowing.
O. Do you know what the price Of tue stock was when
Won went I A. 1t have been A.
O. How far did 1t advance whllo you were member
under the stockwc Boardi A. 1t went above par:
O. About what time while you were member. did 1t
stand the question. stockwe may have been President
O. During those K mouths how high did tho stock
ever got A. am unable TO state .,.. o.. .ou.,
before the subsidy was sTen nH the stock was
deeng could n staff dDn tbs soSS Which
enaoc you to rememberf A. No. Sir.
a xs of et ss did,
Did any associate assoc late member with you examine
O. DO You know OF except the President who
ersmie6 themi A. Mono except the Auditing Com.
@ DO you know personally Of ANYBODY examining the
books after tnc passage OF tho resol1tionf A. cannot
g. Was it tho habit Of Company leave the draw
Presidentf A. think it always has BEEN OF course
there was limit to the amount
G Before you went out OF tho Board was there to
your knowledge any effort made on tho part of the
Boaid of Directors the Executive Committee have
tns f'' a. don't recoflsct OF any. ~ 80 -
O. Was there any understanding between you and the
President any member and the President about
atoms the stock market pending this subsdyf A.
do not know Of any. - -
O. II testified to here that ms early as February
s25OOO was placed IN the hands OF Irwin; $4,000 IN Feb
fE1y $4,000 in April $4,000 May SEQ ooo May u.s. and
$4,000 My %, making total OF slSoD0o DO you know
his hands for prior altogether to the ToCooof A No,
O. Did none Of you from February until May either
LOOK the books or make any inGry as to Why all
O. Did any Of you knowf A. can repeat again that
O. YOU never heard any member Of the Board Indicate
that lie had looked at thati 4. No. -
Nor G No. sHa An0" OF the '''0''
O. Did you know there were other sums even beyond
O. Does MT IL appear 10 you now like deliberate
ess al a
with ordinary carei A. Well that matter Of opinion
tors. and can tell whether mau Of ordinary prudence
In tho management Of his own affairs or those OF the
and yet have done his duty with reasonable care
A. suppose it was undoubtedly the duty Of the drec
POSSIBLY careful EXAMINATION would have traced
out ~ s 20 the
much IN tie care OF It's ofdcera
President and Vceprtsident. and the Audit Com.
mttee; unable to state who s on tho Committee.
e5sk B sne Who he A. brother Of mine be be.
same director May 20; he held that position short
time oOn't know that he attended single meet
inc and subsequently resigned.
a. AZ what time did he resignf A. cannot say.
x You say 10 was understood he the money
TO employ counsel and give entertainments What did
You mean BY en'sr'anments' A. suppose dinner
parties
o. To whom A. suppose to anybody who would
become interested in the passage OF this bill
O. For purpose OF securing votes In favor OF 1t
A. i don't know the view OF 1t; 1t was simply meet
to OK plain matters.
O. That the understanding that one Of the ways
IN "a man heart was down his throat A. Laughing