, 1874-12-03
[CAGO. THURSDAY, DECEMBER 3, 1874.

On sone intonton to v!o!ste sous act. lie may hays
put ths norcy out uf hts hAnda and therefore, have
violated some act but 70 otos to provo that o could
n1t nn hi: oney t tho ey ss I'd t. s 70 RI
nans were rcaacnaly snfo plAco Of deposit whether
there was not l"nc. aud whether tho panic dl not
into tho q,,sAtoi, Of atcidsnt o. loss? ''''S
1he Contt-1 am Inclined to shiuk not, Mr.. swett.
Tho objection vas therefore auatained exception by
Q.-s,atc, nj: TAYLOR, rna!hcr during that panic
large number Of tho best bals IN Ghcago cluaod tAoIr
| Objected to :; objection sustained: execution by
counsel for tue defendant.
list assets turned ovsr M oss" sho = sae. 9
ecAsor Of sr. oage? Al thnk I did.
How stAMr uAsts ctosEp,
Q.-Wlll you Bta0 how iany of tito banks named In
objce.cd to objection sustaiied e1csnt,on taken.
were taasn by Mr. oIlafa closed hoir doors dutsus
'his M Mpanc; sntl, I 90. bow many.
Q.-Ssato wloher or not 1t MAS possible during tho
ss1ssnse & q @ that pant. Il avon nea Of very large
yo1r knowledqo t.t SONS Of o nesie,t M t' men " IL
procrs c,.rrenoy enous' to ay dccent Gresk;ass
Objected to; objection sustained; exception takoi,.
that panic. banks III Chicago, Irrespective Of hoso
which actually closed their doors l,onored the rats
! tt thEtf nGn1kifof8 1R IN OfGlhfY uHlCH.
Objected to objection euGtained execution tslep
CrosB.examlnntton waived.
JOHN II. M'Avor
waa called on bohaf Of tha defense, and testified fo
Pre-: ers'nf'at'en ny 1'r. srtt: o.-whero do
u.-Low long hare You resided tllero7 A.--5ineo
1874. ! came 70 Chicago IN October, 1864.
,o.-Hass you res'de.t there ever sinco A.-yes,
Q.-Tefc yon ever an Alderman Of the City Of Chi
Q.-wnon: Al Was from ueoembes. 1869, until
Q.-who was Treasurer of the city during that time
A.-Dasid 4. Gage was Treasurer.
n,itteo Of tho Common Counci and, II no, whit 7
A-Tlc frat 3nar waa In tho Council 1863, vas
@-Were you nen,Ser Of Tit Committee when
David 4. Gago WAs tndtleGl into Office AL was,
LETTER 70 THE coHMos COUNCIL.
Gags to thu Common Council shostly nfter tho com.
menceent Of hts term Of office. asking them to direct
objeetcd 10 Objection tas'ancd; } exception t.tcn.
to tug Co,nmou co;;nc shorty after the coua.ones-
aud wllcrs lo should place thoso fuslK II iEtcreut
and q. aak!nE Instructions upon that subject:
Mr. s,nith-Th.t IL wo,se than ths other.
Mr. swett-1 will tako ruling w tho question Of
The conzt1t cortatny involves tho contents Of tho
letter, and In that inspect Of tho 1t may aaaa-
tonahlc. Still, do not SEQ really what harm may
preliminary Lit il be aTsSesod. ''''@'' '''e''"
Ms; SWEET: Q.-Do YOU Esr.cmbes such . le.serf
A.-Thcte waa letter Of that kind scut In 10 tho
Council and rcforred to my con,lnttee-he Financa
COMMITTEE
Q.-Aboas what tims wss thas latter nnd that sub
5ees refsrToA to the Fluanch Committeo7 AL
think u xss at tho first meeting OF tho Gonnc ia
1aG3 at tho sane io that K1r uage's boud wns ire
ssntsd: I'd They weTe both referred together, tb'nk
-Q.-Wla. did you do III reference to the bond Of
Chi.rfnd ~. unontter ,,pI&t,s
THE AhAASuEMENT MADE.
q:-Whst arrangement, Il any did the Finance COM
troef maso viii Mr. e.ss hs ia refee
enco to hin taking charge Of the city funds and depos
tn hsm M'e5H he r.sa;e an Tie city simply re-
0bjoetod to; objection sustained; exception taken.
Q.-Di.i tho Finance Uom,nitsco mako my arrange
egciso :,ls discretion where lls placed tho p,bo find,
in lieu OF specific direction given him BY tho 0oun-
Q.-;1f any such arzanecnaert ~ alluded 10 in the
previous question waa nade, p1cass explain fully Hha
hs arrangement was.
Mr. 5mctt-I deaire to provo by this witness that s
Mas member Of the Finance Committee In 1860 that
cn,i tho Finance Committee mel together upan rei.
orenee Of letter Of r Gage nB!ng instruction from
tho Common Council What to DO with aud where to
Place tho funds Of the city; that arrangement was
there nade verbally hetwcon tue Flnanco Committee
and myself. with tho sanction Of the Mayor, tho
tlo alyce ok the Corporation Counsel, to tic effect
Tint Mr. Gage thould dlspooo Of tin finds as he
hin instructions whore to place it, hut authorizd S
to TING Ills discretion, aud, in consideration OF that
Mr. Gage WAS to 10 paid s1oooo year and was to &C.
puBits.
for tile defendant.
LOANINa TIE u1IY FUNDS.
Q.-At the meet!nH which have spoken Of waa any
arrangement ado to tho effect TINT lr. Gage IS Treas.
lrcr, might loan tho city fnns nn might account to
tue city for portion Of tho Interest which le re-
Objected to objection Sustained; exception takcn,
Common Council Of Tho acon Of ;e rInaeo q com no
itee at the Tins and unou the subject to which your
attention has been calca7
Off any report was made BY thu 1na,ico Commit
10 tho Common Council, did Mr. Gags Anow thxs
Objected to; objection sustained; exception tnken
Q.-were theso any fscts whiel. induced yo not to
mike report to tho Common Council, md If No,
What Tcro they7 Objected to: question Withdrawn.
Tho croas'oznmtnation Nas waived.
THOMAS w11+uE
Tas called Oh bohalf Of the defendant AMI testified ~
ii.eet szsminctien; by Nj. Ssrtn: Q.-whcro do
s99 "S ttElao tor MMCo'aao. =, ~ a1, :o.,,,o, ,.
,Q.-What is your occupation? Al an in ths
p]antng-lnill business at present.
Q.-Ilaye you over been nlon,hsr Of tho Common
Council of thu City Of Chicago7 A.-Ycs, air,
G-Maoa3 A.-efo1n December, 1885, to Dcceiu.
bcr, 1871.
Q.-Who waa tho Treasurer during that t!no7 A.
payid 4. Gage.
Q.-Were you member Of any committee Of tho
Go''nou Coanstl, and II 10, what cou,uit.oo7 A.
Finance Committee.
Q.-tIow long tcro you member Of that Commit
teB2 A.-TWo yeara.
o--Durlng what tlmo7 A.-From December, 1860,
to December, 1871.
Q.--Then you wcre a snenabcr Of that Committee
wlcn Mr. Gage comlnonced his term Of office, were
ynH not? A.-Ye6 sir.
Q.-no you remember meeting OF tho r!nunrs
Committee & IT, Mayor. cSmproer n Corporation
the loaning Of the city funds? A.--ies, Sit.
Q.-Scre you present at ttat meeting? A.-ycs, SIR
1t was stipulated that the questlans asked OF tho
previous witnesses, Taylor, Iuoy, anu Mohyoy ho
considered m progondel 10 the present witness, and
tho cams rulings aud exceptions had In refsfence
thereto. |