New-York tribune., 1874-03-21
CALENDARS BANK ACCOUNTS.

lEANbACIlONS WITH VARIOUS BANhS-NALOE VIZ
PORTAGE LAKE BONDS.
The trial Of ex-Blnk Examiner Charles Cal
lendar receiving brbc for reporting avorably upon
the condition Of the Ocean National Bank, was resumed
yesterday in the United States Circuit Court before
Judge Benedict c. W. Baldwin, clerk to the receiver OF
the Atlantic National Bank aud an ex-cerk OF the BANK
testified that Calendar had borrowed money from H.
and Mr.. Purdy put in evidence CALENDARS note to II
for 81 Judge Benedict remarked that there
strong tendency to get the to the jury on the
theory that Calendar had borrowed money from several
national banks, and that he would not
allow 1t to go to the jlry on such theory.
The witness then stated that Calendar indebted TO
the Atlantic National Bank, and notes were put In evil
dence showing that he owed it about s2Oo it also APP
pearcd that suit had been begun against Calendar to
that amount. TIe cross-examinaon developed
the fact that what the witness knew about CALENDARS
transactions with the Atlantic National Bank was de-
rived from t books and from what had been told him,
rather than from personal knowledge 1t also appeared
from the crOss-examnatiOn that when the bank failed
In April 1873, OF the securities for loans were
missing.
j. T. southworth, who was President of the Atlantic
National Bank when it failed. testified As President
Of that bank, loaned Calendar s2o) discounted for
aIso discounted other
notes for him when the bank failed Calender had paid
all he except about 50 5J0 there security
on of the notes dIscounted tried to make CllIen-
dar pay up but he fell back his ndorsers could
ge the money out OF them, AMI Calendar finally
gave $4,000 IN Portage Lake bonds additional Sc
curty. Toe rest Of the direct testimony of Mr. South
worth the effect that the Atlantic National Bank
failed OF Tantors taking It's capita and los
ing II In Walst specuatons that when ne was loan
ing money to Calendar he did not know Of himself the
condition OF It's fund.- and that he hal received
letter from the Controller Of the Currency stating that
the re ,crve fund must be strengthened.
Crossexlmined-I loaned Calender money, and dis
counted for him through 1871 into 1872 the Portage
Lake bonds in TIE bank when it failed, and think
they the bonds which have been produced In
Court; asked the President Of the Union Trust Com
pany about the bonds but received no deue informa-
tion relative to their market value.
The witness then stated In substance that the Prest-
dent OF the Union Trust Company had told him that the
bonds secured by valid mortgages on real estate
that when he took them security for what Calender
owed the At. Nationap Bank, he supposed they
ccver Of the Ocean National Bank had either offered to
give 10 cents the dollar for the ho1ds, or told him
where he could obtain That price Tor them on the r
direct examinations the witness sli that Portage Lake
bonds not such securities "a his bank was M the
habit OF oanmg money aud that he wJGm not nave
taken them from any one IN the usual course OF Dusl-
s Hartshorn formerly cashier Of the Ocean National
Bank, testified 10 the effect that 'pt. II, 1871 he
allowed had Oyerirawu hIs account In that bank to
bank old hun to allow Callenda. to oycrdrtw his
further; that the Overdrais were made good,
the amount OF about $780, which had not been
made good On croSsexamlnIton, the witness said
that it was a common thing FOR Oyerdrafs 20 occur;
and the redirect he Rated that II vas not usual for
Oyerrati5 stand for six seven days, as Cacnddrs
, had stood, aud that his an Isolated one.
j. NJ Crane Cashier OF the Shoe ana Leather Bank,
testified: Calendar IL bank accOuntanJ A. |
ever saw: had account IN bank, but hls check
for $4,000 was good IN September 1871 Portage
Lake bonds were good security IN this city IN Sep
trmbrr ISL bat light have taken IN III with other
cOlaterals for tae purpose OF SAVING higher margin.
The witness then stated, In snbstLc, that the shoe
and Leather Bank had OIned Calendar about $4,000 in
w1lch are some Portage Lake bonds. On the cross
examination. Mr.. Crane sand that the bank had been
offered $4,000 $4,000 In those bonds, aud that the
Of r had hcen refused.
Henry BeeKman, exPresident OF the Union-sqnare
Nauon ii Bank, testified: Calendar borrowed money on
call loans from bank; he securities some
notes and some kind OF bonds don't remember wnit
KIND bonds they hut tney I've been Port
age L Ike bonds; dOu't remember that we made eau
loans c0lllterls to but Caen1ar; never al
lowed OyerdrIw his account, and don't relneln-
her tnai he did On the crOSSeXdmlndtOn Mr. Beck
man said that he loaned Calendar money! he did
faith. aud supposed that his coiiaerals were
perfectly good.
W. 4. Thompson, President Of the Merchants Ex-
change Bank testified: In October. 1871 Portage Lake
Donds wO I'D not have been taken cUltcrlS by our
bank; they were good security at that times CIl-
lendar asked to loan HIM money on those bonds, ana
reused asked to do after our bIak had sur
fcied GefeLtions Tne CJurt adjourned I'll Mon