Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1874-12-29
PACIFIC NAIL.
Progress Of the Investigation into the
Latest OF the Radical SWindles--
Looking after S750,0OO.
Heavy Checks-The Mysterious King,
Postmaster OF the House Of Repre-
sentatiTeS-ImpOriaHt
Testimony.

Postmaster OF the House Of Repre-
sentatlTes-ImpOriant
Testimony.
New YORK, December 2S.-The sub
committee OF the house ways and means
committee to investigate the subsidy
business of the Pacific Mail steamship
company began their session this morn
ing In the Fifth Avenue hotel. Mr..
Cole, President of the American Ex-
change bank, was examined in reference
to the deposits made by Irwin. He testi-
fed that on the twenty-ninth Of May
last two strangers entered the Exchange
bank and one of them presented a check
for Sll5,O coo, signed by Colonel Irwin; he
asked the presenter of the check what
his name was, but this he refused to dis
close; the amount was paid and the par
ties left, followed by a messenger, who
saw them enter the Park bank; on send
ing TO the Park bank, Cole found that
the man who drew the check from the
American Exchange bank gave his
name as King, and stated that he was
postmaster of the house of representa-
tives at Washington; another sum OF
S275, 900 was drawn by the Marine bank
on check sent for that amount on the
same day; of S390, 900 paid that day,
SIS, 900 was paid by certified checks and
the remainder in notes over the counter;
this occurred in May, 1872; the sums
Irwin deposited up to that date were
small, varying from $1,000 to $1,000;
on the twenty seventh of May, three
sums, two OF 500 600 and one of Sl25,-
600, were drawn by different persons on
certified checks made payable to bearer
and signed by Irwin; deposit of $780,
900 was made on the twenty-fifth of
May; the two men who came for the
money on the twenty-ninth Of May, ap-
peared TO know one another very well;
witness thought he could recognize
King, but could not identify the other per-
son; at the time Of this large deposit by
Irwin, witness ascertained that the sum
was deposited in checks of the Pacific
Mail company; about one year after
King had drawn the first sum from the
American Exchange bank, he called
again to draw another check which was
not so large in amount; did not know
whether he had been at the bank lately.
The witness left with the committee
the account OF Irwin with the bank.
Beaumont Clark, assistant cashier of
the American Exchange bank, was
sworn, and testified to following the
man who drew the large sum Of money;
losing sight OF HIM, went TO the cashier
of the Park bank, sad ascertained that
the man who drew this money was VIM.
s. King, postmaster Of the house of rep
the cashier of the Park
bank was J. L. Worth; had seen the
gentleman who drew the S1l5, 900 check;
about year afterward he was recognize
ed by witnesses, who addressed him as
Mr.. King; the latter said in reply that
it did not always answer to have a good
memory; witness described the person
be called Mr.. King as a large.sized man,
and wearing bushy side-whiskers;
thought Irwin was in the city at the
time; did not know If Irwin drew any
Of those checks, but the inference was
he had.
The committee here took a recess to
have produced the books Of the Pacific
Mail company from January, 1872.
When the committee met after ad-
ournment, the books OF the Pacific Mail
were produced. Samuel j.
Harriott, a banker and broker, and a
Of the banking firm of Harriott
& Noyes, testified that he had been five
years in the business; knew Stockwell,
but not Irwin; during the year 1872 he
had bought and sold stock OF the Pacific
Mail company aud the Panama railroad
for him. a check numbered 1865 was
handed to him TO recognize, which he
failed to do. The check was dated May
"a, 1872; on that day witness received
no stock from the Pacific Mail eompa-
ny. After referring TO his books, wit
ness stated that on May q, 1872, there
was an entry Of S22S, 756 for 400 shares
Of Pacific Mail stock, to the credit of a.
B. StOeKwell; no other sum from either
Irwin OF Stockwell was received from
May 21st to June 4th, inclusive; on May
l5'h the firm delivered 5000 shares of Pa
cific Mail stock, for which they received
S433, ,602 in checks from the COM
oany; these comprised all the
Trans actions which occurred with the
frm in the month of May: never sold
stocks for the Pacific Mail company,
but only for Stockwell; on toe ninth Of
Der Of the same year, Stockwell
deposited a check on the National Bank
Of the Commonwealth for $500, 600; this
check was dated September 9TH; the
check was indorsed "a. B. StoekweIl',
and "HsFriott & Noyes;" on examin-
ing his books, witness stated that the
entry of September 9Th was Pacific
Mail steamship company; exchanged
500, 900 Stockwell had for a check from
3 firm on the Continental bank for 3507,-
547; the account closed for that year on
the second OF November, 1872; on the
of May, 1872, the highest mar
ket price for Pacific Mail stock was S5E:
Of May, S33; twenty-fourth
Of May, Sl4; May 9th, ia; May 3Ist,
75s; and June 18th, SO.
The committee retired into private
session TO examine the books OF Har-
Iiott * Noyes, with regard to the sc-
counts OF other parties with the firm
After the session had been declared
open, the examination was continued
was told by Hatch that on the
fourth OF May, 1872, check for $3.50, 600
had been deposited with the firm by r.
B. Irwin, but this, witness said, was not
deposited, and was not entered on their
books. On the fifteenth of May a check
1f the company was credited to Stock
well for stock valued at S43S, ,6l2 On
.he twenty-first OF May check for
SOS, ,735 aud another FOR SIS were de-
posted, both for 400 shares OF Pacific
Mail stock. On the same date checks
were received from Markham to the
amount Of 1881 ESQ for stock.
Mr.. Delamater, cashier Of the Marine
bank, was then called, and on
being ssked with reference 20 the two
strangers who were followed to bis bank
by Mr.. Clark, witness desired to refresh
bis memory from the books Of The bank,
and was allowed to appesr at some fu-
ture time for examination. J. l.. Worth,
cashier OF the Park national benk since
1868, knew Mr. King, but was not very
intimate with him. He had learned /
from note letter that King had taken
out notes Of deposit amounting to $ll5,-
900 or theresbouts, in May, 1872.
Thomas Ellis, note-teller Of the Park
national bank, testified that on the thir-
tieth of May he received from King
Sic, 500, to De used as follows: $40, coo to
be placed In The national bank at Min
Minss ota; SIS, coo to pay q
note about 10 reach maturity; $1,000 to
be placed to the creoit of a st. Paul
bank, Minnesota; and had also issued
six certificates OF deposit at his instance,
in the aggregate TO S54, $50,
Issued to the order Of William 3. King.
Adjourned.