Evening star. [volume] (Washington, D.C.) 1854-1972, 1874-05-06

twenty five shares are all. Tha other 1 have
| The ore hundred shares hold.
Q. Do YOU hold that for the benefit of the
| company? A. For the benefit OF the company
1t has never heen disposed OF.
Q. Dc yen hold II Tor the benefit OF any indi-
vidual? A. No, sir; calculate to have that
myself.
q. why did you give Mr.. Evans shares of
stock? A: We thought he was good man to
By MIR. Stewart:-o. Did he come in before
the money was earned; did he advance 1t? A
By Mr.. Jewett:-Q. If he paid the % per cent.
YOU paid 1t back TO him again? A. hold that
20 PER cent; there was nothing paid on it a. ali;
the whole stock was wiped out.
and the stock beside for nothing? A. Yes, sir.
BY MI. Jewett:-Q. It says, ''leaving bslsnc'
undistri, uted of 800 shares" what became o.
twelve original stockholders; 1t all shows here.
q. Without any consideration whatever? A.
O., How much stock did Mr.. Murtagh haveF
a. twenty-five shares.
Q. Did he ever have any more than that,
either directly or indirectly? A. No, sir.
z. What did his stock cost him? A. The
Q. Was the result of his operation exactly the
| came as these other gentlemen? A. No, sir; he
was one OF the original stockholders at the time
| of that distribution.
Q. Has he transferred his stock? A. Yes, sir.
q. To whom? A. To the First National
| Bank, think. 1t has never been transferred
| Oh our books, however. paid Mr.. Swain.
dend.
Q: How much stock did Mr.. Noyes havsq A.
@. Is that all he ever had? A. Yes, sir.
O. His was the came? A. Yes, sir.
Q. Does Mr.. Noyes own hisP A. think he
does. DO not know of any transfer.
q. Do you know whether Mr.. Emery held his
stock on his own account, or somebody else's
@. You knew nobody else In the transaction ?
a. No, sir. The way Mr.. Emery came TO get
this, he claimed to be originally in the Ballard
interest. There was considerable fight as to
Emery claimed that he was entitled, from the
fact Of being connected, or having an interest
In the Ballard company. We declined to let him
have 1t when We first organized.
Q. Was there any 20 per cent. paid him on
these 800 shares? A. No, sir; that was paid out.
will state that in that matter that we twelve
bad to carry the whole machinery on pretty
much, and they raised the money on it, and We
made an sessment on them, and considered Ii
20 per cent. We made q loan merely for the
company.
Q. SO that that 800 shares, with the profits of
it. were distributed to the original twelve stock
holders. without any consideration being paid
by them? A. Without any additional consider
alton.
Q. What was the real reason for winding ND
this company? A. Well, the real reason was
that We did not think that Mr.. Shepherd was
favoring US at all. He felt, think, delicacy
about fayoIing Us because Of our combination
q. You hadn't lost much? A. No, sir; there
were so many in IL that when we divided it up
We didn't consider that it was paying us, ana
thai we could do better-we who were active in
the col ctrn and running he whole machine
We thought we could do better for ourselves.
Witness was asked if there was not some
money which he had not distributed, and said
yes, and that he had it.
q Have you had ii in your possession all the
while? A. Yes, sir; not money, however, bat
certificates.
q; Have you loaned any of it to anybody?
A. No, fir.
Q. Never? A. No, sir.
BY Mr., BASE: Can you tell by this book
with the board? A. Yes, sir.
q. How much were they?
By Mr.. Wilson:-Q. In that connection de-
ere to ask you another question; see by the
record that all contracts are to be made by the
president in the name Of the company. Was
that done? A. think not; made them indi-
q. Whist is the reason OF that when your rec
ores require that YOU should do so? A. do not
know OF any particular reason; had to furnish
the bond, &c; do not know that had an,
particular reason for doing IL.
q. Was your company asserting to the taking
Of contracts in that form? A. Yes, sir; they hse
no objection to nv doingit.
BY MI. Bass:-Q. AS appears by this state
ment the gross amount of your paving contract
cone in this city was $685., sos 80. That cor
rect? A. Yes, sir.
Q. The profits of your company were $50 900?
a. ies, sir; making about TX per cent on
the entire work done by the company in Wash
ington city.
By Mr.. Mattingly:-Q. How much Of that
was done under the Board OF Public Works?
A. Only $3.50 ,Oc0 of that was done under the
Board of Public Works; the other was done I'm
Pennsylvania avenue and M street; We received
as / stated the other day, for Pennsylvania
avenue, .95 and 50 IS, and for NJ street IS 10,
,Ss mqSn higher rate than was By
greater upon what we did before the board
came into existence than atterward; it appears
in the testimony how much have done for the
Board of Public Works; it does not appear in
the testimony what 1 did previously to that
time.
By Mr.. Merrick: Q. Does that represent your
Q. How much was the cOmpany's contract?
A. The compsny's contracts, L stated, under
the Board OF Public Works, was el95 900, and
By the Chairman:-Q. What I want to get at
is the amount Of work done for the benent OF
this Metropolis Paving company, upon which
that this is how it stands: The amount of work
done by us on Pennsylvania avenue and M
street amounted to S264 ISL.
BY Mr. Bass:-Q. That was not for the Board
OF Public Works? A. No. sir; we did for the
Board of Public Works sl95 5S2, making an ag-
gregate of s46O.3s5, which is about 17X per
cent. Jrofit
By Mr.. wilsop:-Q. What are your own indi-
vidual contracts? A. nv own individual con-
tracts amount to about sl35 900.
Q. Now, understood you to say, day before
Gov. Shepherd had stock in this? A. No, sir,
did not. 1 said there was q Mr.. Young inter
ested. We gave Mr.. YOung's stock for his in
terest.
Q. For whose interest? A. For Mr.. Shep-
herds interest in the Stowe patent. 1 made a
mistake in stating that was In July. think 1
stated that was transferred-Mr. Smith hands
me the original book, and 1t shows that the
transfer was made in February, 1871.
By Mr.. Wilson:-Q. You sold the stock to
Baldwin, then, for Mr.. Young. A. Yes, sir.
Q. Has Baldwin ever paid for IL? A. Yes. sir.
Q. What did he pay? A. He paid MIR. Young
$500 for it.
q. For how many shares? A. One hundred
shares.
Q. Did Mr.. Baldwin get any dividends on that
stock? A. He did.
By Mr.. Bass:-Q. don't understand one
thing. 1t appears that your contracts with the
Beard Of Public Works and with the old gov
eminent together were e46O 1888. Your sggre-
gate contracts we're $685., SO5. A. You get in,
you see, this S135 900, which did individually.
Q. How? A. Outside Of the company.
By Mr.. Wilson:-Q. Who was interested with
you in the work outside Of the company? A.
In q portion Of it Mr.. Evans and Mr.. Kilbourn.
Q. Anybody else? A. No, sir.
By Mr.. Christy:-Q. When was that company
Dissolved? A. In October, 1872
Near the conclusion OF his examination Mr..
Clephane was asked:-Q. Did you loan any pro-