The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-03-20
notes had been pro,estca PRIOR 60 October. ,Is7i;

0otcb uou DcVn pfOtCotcu pfof W VOoooV't 80
large number or them were under protest; l did
not make iiss OF them, but made list OF the
agresae large amount OF 'nem aa oe v una9 n
pfoxmate idea OF the amount; should tliaR more
than haii OF si,iooooo; am speaking from reco
The Currency OF the value OF the assets, my clerk
assisted me; cannot say VINO assisted lie ia
own Judgment OF iG IRON my own examination; 1
do not think MI. Davis assisted me; ! MAJ
have asked him questions; the SSseoOo of
and were held security for $500 900 or
general BOND Account consisted OF various kinds
OF bonds which could tell II haa the book; do
not remember what tney were disco yer ~ tne
bond account was made up OF; saw the securl-
ties, so lar as they were III tne nanos Oh tie re.
some value, but / should think it Is very SMALL
have no very clear ideas OF their market value.
MIR. Fuiierton-Well, then, 90 not want them.
Wifness-i may have inquired into the value OF
the Marietta bonds at the time made the exam
nation OF the bank in 1872; may have inquired OF
kir. DAVIS; got some ldea or their value at the
time do not know S When aaey were sod my im-
sver the question; as to the Susquehanna bonds
inquired 10 their value at The time l ni0ie the
o. Where did you go 10 learn about thelpS A. l
was governed very much by my own knoWe.dge OF
the value OF those securities; 1 had very gem
eral knowledge OF them; know tRat they were
not quotable; | cannot say how 1 got my knowi-
educ OF the Portage Lake bonds know t,iey were
not quoted: asked questions about them of OFF
ferent persons, whose names / cannot recall: |
made inquiries Of Mr.. Davis, for one anu of his
l think no other persons assisted me.
O. How did you find out the value OF tn, lands
the bank had taken Tor their debt? A. IRON the
fact that nearly all OF them had been SOLD by the
receiver; made inquiries touching the value of
the sullivan NATION and Decatur bonds is,om Mr..
LAWS his clerk and other parties; ! do not know
that can name those other parties; l dia not go
to parties Interested in the road to fnaout the
Redirect-It has been my duty to examine into
the a1alrs OF broken banks; have peroured such
Z. Did you examine into the affairs OF the Ameri-
Mr. Fulerton-i object. You pust wut until
Mir. Purdy-i propose to show that Mr. Calender
plundered that bank.
Mir Fuerton-i ask Your Honor is that a.proper
Judge Benedict--It is not, and the remark
ney desired TO ask any such question he should
have asked 1t When he was examining the wit
z. DO you know whether Mr. Calender held
money from other national banks in New YORK?
A. Ol my own knowledge do not know.
banks sS'' ''A '''' ' y A'' A'''' - D'''''AA'
objected to.
Witness-I am told that the President OF the
American National Bank Is in Europe; the, Ameri-
can National Bank is not sound Institution.
o. Did you examine the books OF that ba ak at or
about the time Of It's going into llquidati0n
Judge Benedict do not see how that IL mate
Mr. Purdy-If he finds on the books OF that bank
&C. c., $30O0,i and finds thaG that money was paid
to Charles Calender, would not that be m hieral ~
Judge Benedct-This man cannot prove 1t in
that way. You must bring the books or the bank
here. | rule The question out.
Witness do not know where the books t0f the
American National Bank are, nor do know-where
the President OF that bank is
q. Ii you mad examined the condition ,Of the
Ocean Bank on the 80 OF October, 1871, whatwould
have been your action as Bank Examiner
Objected to, and question ruled out
WituesS-Ihe government bonds In the bank
were worth handsome premium in October, 1871;
should say that they were worth $loo,ood more
that into account when said the bank was iASOl-
la reply to questions by MIR. Fullerton the wit.
ness said IL have said that the Ocean National
Bank lnsOlvenC by over 200, 900; make that
out by taking of the following amounts from the
items stated In the assets From the lite ms OF
loans, 5000 000 from the items OF bills discounted,
500 600; from the items OF Portage Lake bonds,
bonds, $4,000; from the items Of Slaque-
hanna bonds $4,000; from the Item OF
Decatur, sullivan ana NATION bonds, $4,000 from
the Item OF real estate, 100000; rom the tom or
furniture, Sill, ron the Item OF suspense &C
count. $4,000; from the Item OF suspended aeblt,
$4,000; from the item OF expense account, S2a,6OO
from the item OF legal tenders $4,000; iroin the
item OF discrepancy account, S5l9; from the lem
Oh general bond account 100000; the total max
TESTIMONY or +. D. TAPPEN.
Mr.. F: D, Iappen President OF the Gallatin Ma,
tional Bank. was toe next witness. He test fed
to the effect that IN the month OF December, 1871,
the ocean National Bank owed the Clearing House
at about that time the defendant, Mr.. Cal
lender, stated to him that the ocean Bank
was a solvent establishment, and tnat it only
wanted little money to enable 1t to get over a
little difficulty. He also remarked that In the
course OF ii few days the bank would probably oh
tam ali the money It wanted the GaIlatln Bank
then promised TO loan the Ocean Bank enough
money to discharge It's debt to the Clearing Hoase.
Some objection having been taken by Mr.. Fuller
ton TO this line OF examination
Judge Benedict said that If the government
wanted to snow Mr.. Caiender's transactions whlh
this bank the books must be produced.
Witness-Asa member OF the Clearing House
Committee assisted in the examination OF the
AFFAIRS OF the ocean Bank, and l found that they
were not at ali satisfactory; the business Of tire
bank was wound up shortly after.
After the crOss-eXamlnat1on OF the witness the
Court adjourned until this morning AT eleven
O'Clock.