The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-01-23
ALLEGED FRAUDULENT BANK.
RUPTCY.

Case OF William r. Bradley.
The adjourned examination of William E. Bradley
who Is charged with having committed acts or
alleged fraudulent bankruptcy IN connection with
the suspension of Edison Bradley h Co., was taken
up yesterday before United States Commissioner
Belts.
Mr.. Drake appeared for the prosecution, and Mr.
Ethan Allen for the defence. a 4lA
TESTIMONY FOR THE PROSECUTION
Edward F. Church was called as witness for the
prosecution. Having been sworn, he gave evil
,dence as follows:-I was clerk In the employ Of
Edson Bradley Il Co. up to January /, 1873; at that
time the drm was composed of Edison Bradley and
Nv. e. Bradley; they had composed the firm Tor two
years; became partner on the LIST OF January,
1873 In the new firm, composed Of Edison Bradley,
Nv. E. Bradley and myself; $1o4,O 900 the capital
Of our frm-Edson Bradley, 100000; w. E. Brad
ley, $4,000 and myself $4,000; had put in 81, 600
mp to the period when bankruptcy proceedings
were begun Edison Bradley put in in stock $500 600;
William put in nothing; after the new
nrm was organized they might have owed
the old firm $4,000 for about thirty days,
This was, probably, some eight months before the
proceedings in bankruptcy. The counsel for the
prosecution here put in evidence twelve notes,
amounting altogether to $1s,OOO.) These twelve
Traders National Bank to the order of thedraw-
ers, Edison Bradley Co. they were the notes OF
them these Wsre brought from m
of A. G. Bradley Co. in box; that box have
seen before at the store Of E. Bradley 4 Co.; the
pended had conversation with Edison Bradley
be obliged to suspend or ask for .
Ss sO as long ges as the 81
money then e CREDIT in the b bank W. Brad
a he n n IN
pay 100 cents; that we should not mix ourselves
up In the suspension. and that 1t would be better
lOr the old gentleman to manage 1t )" other con-
Wersations Of similar character passed between
as from day to day; SAID did not think that we
would be better Tor me to take proceedings in
bankruptcy and show the whole affair up; young
iore fore / joined the firm Parsons was their
bOokkeeper; subsequent to the suspension OF
The firm understood that Parsons was TO 90 out
Parsons, in my Judgment. would not pay expenses;
w. +. Bradley replied, Perhaps he will not, but
being prepared, as he knows all about our affairs
and books" a few days alter we failed defendant
said to me, "if any OF our creditors ask questions.
we do moi know anything about it; refer them to
tbC old gentleman; he has gone through this thing
came to me about the time OF the suspension and
said. ''There has never been but about $4,000 In
the concern;' on asking him how that was, he said,
s'We are supposed to have 1000, and the old
there was suspense account Of $4,000 belonging
gether he deducted the total from the $s7,6OO
leaving somewhere from $4,000 to $4,000, and
that was all the capital the concern ever had
told hin, understood that the old concexn had a
suspense account OF $4,000, and that elis was
more tnan sufficient to clear of the Indebtedness
OF $4,000 to the new firm, which would leave the
capital OF $4,000 intact; Mr.. HOFFMAN, the head
bookkeeper, having been referred TO, argued
pretty much in the same way; William remarked
.The firm mas never mad over $4,000 IN the
business, and II we can get settlement
and save 100000. your interest will be
TWENTY-FIVE and one-half per cent of s45,ooo;'m'
i replied to him, 81 did not see it,"
Edison Bradley usually drove into business in
horse and wagon always believed the horse and
wagon belonged to him, and he always spoke OF
them as his; the defendant and had some talk
about notes and checks which were taken away
from the store on the morning of the day the bank
ruptcy proceedings were begun; asked him on
that day II he knew OF any notes or money belong
1ng to the firm he stated that he did not; he said,
in reply to me- that he had not taken 1000, the
property OF the 1rm; he said he had not taken
about 100000 in notes and lett them with Alvin G.
bradley or at his office; he stated that he did not
know any more about the assets Of the establish
ment than did.
The further hearing Of the case was adjourned
1or week.