National Republican., 1874-05-20

By Mr.. Stewart: Q. Had the notes been IN,
dorsed SO that the property could Be t5RpF
ferred on delivery, or were they made TO Qf4
wayl A. do nos remember whether ee4
the notes at all or not, except to know b4
were notes made By John II. Aofds. II t9A
ing with Mr.. Cooke remember he asked Ne
for Sc urity. remember this, that Mr.. CooEs
asked me what security we could give, and ]
told him of these notes and the mortgage
which Kas given to secure their payment. I'D
asked he to take up the notes and bring them
with the mortgage to him for him to look st
them. / did that. =
Q. Did you give any further notes or indofss-
mentsi A. No, sir; I think not He asked
me to bring them to him to look at them; he
looked at the notes and at the mortgage and
gave me q check. brought him the paper 70
look at; he then gave me check, and went
back TO ordway and told him could pay him,
and asked him to surrender to me the paper,
| and he gave 1t to me. -
By Mr.. Thurman: @. Mr.. Cooke took no
note from you or the Chroaiele eompanyf A
No, sir; think not. do not think we gave
any other note. -
Q. And took no Endorsement of Ordway Of
notesf A. No, sir; remember of asking Ord
way to indorse the notes, and he said thew did
not need to be indorscd; that It was not neees
sary. He said the holder Of the Dotes could
collect them. ...l... 0.s-
V. Diu OIuWay ueIlVer up LQ6 mortgages as
well as the notesi 4. Yes, sir. =
Q. Then the money you received from-Mf.
Cooke paid of the mortgagei A. 1t was In
effect loan to US, and paid of so far as Ord
way was concerned. -. ----
q. 1t was what was due on the mortgage,
= Al And i the ensct me trsassssSn wasshss
Henry D. Cooke bought the mortgage and
notes. .- -- FEs A..
Mr.. Hubben. The witness was the agent in
the transaction. Cooke bought the mortgage.
| Mr.. Stewart: If the notes were payable to
bearer no Endorsement was necessary.
By Mr.. Stewart: Q. You wanted further
tinlel A. Yes, sir. --
9. And you got this man to buy the notes
and mortgagel A. Yes, sir.
By Mr.. Thurman: Q. Is that mortgage still
outstanding, or has 1t been paid oda A. Eome
of the notes have been paid, and some oftheu,
think, have not been. do not think thda
have all been paid. There have been paymenti
made from time to time on them. l think,
probably, one or two notes have been taken up.
There were several notes.
acted for Jay Cooke Il Co. A. He told me so.
He told me Il was Jay Cookies money.
Q. Do these notes, or either of them, appear
in the assets of jay Cooke & Col A. thinH
| they do. l am not sure about that. think
however, In noticing O schedule Of the Wash
ln9IOu dDu Tnllauelpl1a urn bQAt-1 saw ssOInf
notes Of John NJ. Morris in the published sched
ule, which suppose to be some Of these notes
Mr.. Corcoran. would like to state to the
committee that these taxes that ] paid wert
not taxes in arrears. TEey were paid by mS
in November. They are not dne until July
next-July, 1874. They were not overdue
\ taxes.
Mr.. Thurman. SO we understand.
Mr.. Coreoran. wanted the matter under,
stood. i was not unwilling to pay my taxes.
Examination of Mr.. James Harlan resumed
By Mr.. Stanton Q. You were not 4 mem.
Der of the Chronicle companyat the time OF
this transaction in which the mortgage wal
given Jon the Chronicle propertyi A. No, sin
think the notes were given before the COM
pany was incorporated-whenJ John NJ Morris
was the sole owner of the property of the
| Chronicle company. ! Think be gave the notei
and the mortgage on the property, and that thu
company was incorporated afterYard. That Is
my recollection of the matter. ..
Q. You are quite clear, however, that the in.
dorsement of Mr.. Ordway upon that paper was
not necessary in order to transfer backl A
have a very distinct memory that I asked him
to ipdorse the notes, and he observed that Il
was not necessary at aIl-that the holder o.
the notes and mortgage could collect the notes
do not remember that read them at all.
Q. Under our form of security here the
lien Of mortgage passes with the transfer oi
| buC pdpcEE A. i Tue lpftSelOu LIldl
Mr.. Ordway so said In explanation of his deci
nation to indorse.
Q. On what property was this mortgage
| givenl A. could not state exactly what, but
l think on presses and other property.
| Q. On all personal property of the newspa-
| per companya A. do not know what proper
ann .af L. 1t WAS on some of tho pEsssee. st
all events, and property of the company.
| Q. And the advance was made to the COM
pany by the banking firm of Jay Cooke s. Co.,
and they took the securities-that was the
transaetioni A. / am not sure about It's being
the firm; the arrangement was made with
| Henry d. Cooke, and he observed at the time
that the money was Jays that he was letting
| me have.
By Mr. Thurman: Q. About what time was
| thatl A. i think 1t must have been year
since-nearly two years, think
@. What Office did Mr.. Ordway then hold IN
the market company A. am not sure;
have an impression that he was president Of
the company.
Governor Shepherd. No: he was superin.
tendent; he was never president of the CONF
pany; he was managing director. Matthew g.
Emery was the president.
Mr.. Stanton. Mr.. OrdwaJ has testified here
as to the interest he had in the market-hoUse
company.
regard to this transaction.
+. Mr.. Stanton. No, sir-merely as 20 his posi-
ton in the market-house compaDy-the extent
of his control over It.
The committee here took recess until 2
o'clock.
AFTERNOON SESSION.
Cn the committee reconvening,
| WRIGHT RIvEs RECALLED.
By M- Thurman: @. Have you made any
more examinations in regard to measurements
| of the improvements in this city, and tho
amount paid for them compared with the
amount Of work actually donei A. i have
written out the examinations I have made pre-
viously. have made but one or two new ex-
aminations. .--
Witness then read the following statemsnt:
Governors Answer, page Al: Connecticut
avenue, to and X TO Boundary. Report
Board Public Of Works, 1873, page 81: No. -
holders paid s35Sss. .Os; making siaS so4s5 as the
total amount the Board OF Public works received
in money for tho street. But since the whole
the above and have 81, ,S2S o. which represents
| tho money actually received beyond the cost OF
the street. But the general iund mas been eharEed
as the amount charged beyond the cost OF the
| street. II we examine page 81, Board Of Public
has been CHARGED with only e5l 90 subtracting
| this from amount paid by United States, S1o4, :
255.21, and We have ss4 eo5OI as the amount over;
| States paid SI04, ,2ao-27, wo deduct 1t from the
actual cost OF the street. $40 5T5.4s and we have
- 500 Is as the amount to be paid By the property
| holders. Divide this by the number Of feet OF
| taxable property and We have the amount to be
paid for per 'front.' foot by the property holders,
leaving out fractional part Of feet,) and We have
| 80 So ~ as the rate per front foot ought to be
charged to the property holders; dedueting this
| from the amount charged foot that in the table,
| Ss2i0T, and we have $2.ST.5S as the amount over
| charged per front foot.
By Mr.. Thurman: Q. Before you pass from
that, how do you get the amount OF the actual
cost of the Improvement A. By referring to
the report of the Board of Public Works for
| 1873, on page SO, Mr.. Forsyth's table, in which
there the total cost of the street, Mr.. Forsyth
sums up as $4,000 and some odd cents, Of
which the United States was only charged With
} $50, 900. But examining the Goyernor's 8
answer, we find the United States has actually
paid Sl04 600, instead of sS9, 600.
| q. That Is Connecticut avenuel A. Yes, sir.
o. Does the table of Mr.. Forsyth purport to
include any Improvements opposite Govern
ment property A. There is 3 reservation on
| Connecticut avenue; small reservation
Eighteenth and N. I think, they call it. 1t is
on tho map on the LEFT hand side gong up.
i chi