National Republican. (Washington City (D.C.)) 1872-1888, 1874-05-06

| Q. Now, was that 20 per cent. pa.di A. Yea
| sir, subseq1sntly-10p per cent. was paid.
Q. And sfterward 10 per cent. moTei A
| Yes, sir.
Q. That would aot max. GO, 900, as you .ait
the other day, but $40, 900. A. said 20 pc
cent; OF the entire stock. II was all paid after
wards. You see the stock was not Delivered 81
| that time.
Q; The whole capital stock was 500, 900
4. Yes, sir.
Q. AMI tina. was divided into shares of s1OC
sa;hl A. Yes, SIR.
| Q. Was there any other assessment. upor
the capital stock than that 20 Per een:I A. No
| sir.
| o, Then the whole amount that was paid ir
was SEQ, 000-the paid-up capital was SEQ, OO0i
i A. No, cir; 20 per cent. on ths entire capital
There was stock distributed about that time
The whole stock was distributed, and % PEI
cent. called in on IL, which made the SIC coo OF
! the 100000.
| @. When was that donel
Tie Witness. The % per cent. do you mean
Q. No, am speaking about the time th'
other stock was distributed. A. think you
viii find 1t In the records there, somewhere.
Q. will read from the record Of January 9
amounts of stock be distributed among tie fol
O. d Chafee, 100 shares; n. II. Hall, IS shares
sharss;O. S. Noye,, Is shares; 5. H. kaufman
| % shares; L. Clephane, trustee, IS shares: l.
CleFhane, trustee, 50 shares; L. Clephane, trus
tee, 100 shares; l. Clephane, trustee, LOO shares
leaving balance und'siributei Of 800 shares.
Q. Did that distribute the whole of that
ssOO, Gee Of stockf A. Yes, air.
9: Were these parties assessed on this stock
A. Yes, sir.
Q. What amOou:i A. Twenty per cent. of
| the stock.
Q. VIII read again:
On motion. It was ordered that the assessment
OF twenty Fer cert. on tie stc;E hVIetJfore MADE
be extended to cover al the stock OF the cqupaEy
and that ths Salance Of the stock u1appfcpriated
be distributed among ;as original twelve stock.
| holders.
| What stock was that-tbat three hundred.
| sharesl A. These twenty-five additioua!
| shares, and distributed 10 eII2 OF the original
twelve shareholders.
Q. will read agai:i:
Mr.. uunlington novel that ~ Inon as tie COT.
authorized to declare irV lead II 30 pc. cent
payable In scrip, OF Vther wise ~ she 1ssreloa ..
| the president. Adop'sI
On motion, the meeting ad,cuTnsd.
Was there ever mere :Aau n FER cent. paid
Oh this stoclli A. No, sir.
| Q. Was that 20 Per cent. Fai.. 10 cash, o.
was Il paid In scrip dividends OF 20 per cent?
a. j. was paid arst ia cash but III not RENAL
! long because we soon 1reIA!ed y dividend, ailei
We got through with tho work On Ps:-rsviva
H. avenue. It was sooh faii baca
| Q. We're sou thea AZ woIk or Pennsylvania
ag%use!
| Tie Witness. What Is the date'
Q. This Is the 9,h o: January, 1874 A. No.
sir; We had gotten .holsh at that time, On.
I>hed up.
z. II you had gotten through at that tir;is
what was the occasion for levytEg % per
cent. dividend on :h!s stoIki 4. We had com.
pIeted the work but had not received tie pay.
O. What was the occasion for ealing in the
20 per cent, requiring the parties 10 pay IN q
per cent, in money! \. Simply 20 distribute
the stock TO the parties ia interest ard make II
stand on the same footing. Tho original twelve
had paid 1t and We thought tie othe-s should
pay also. And, In fsctI we needed soue money
at that THE to help US 10 mset o2I engage.
| nenis.
2. And then you male a dividend of 90 pei
sent ? A. Yes, sir; which brolgL, that all w
which wiped tina: ali oa:-rsia hack all tbs;
WAS paid In.
| .. see that th-rs was two hundred AID
seTenty.fve shares dIs.li5ztei to you rs :rGs
teal A. Yes, sir.
Q. For whom du you bcli these shu-es' 4
| I hold them 10 trust for the compaay-sertaIn
parties. They left 1t optional with ne 20 G!s-
pose Of that stock, ami they made It to me in
/ u ~
II to me as trustee, and left it>optional 9Th NE
to dispose of it.
Q. don't know as I entirely comprehend
you'll A. say tie Whole stock was distributed
at that time, and this extra stock was placed
TO mo as trustee. The fact was tha. there were
good many parties who claimed tina. they
must have some stock In the company, as :hey
wanted it. It was very desIrab!s stock to b
had, and some parties who wanted It We didn't
desire to have in the company, so the wholt
thing was made to me as trustee, with powsl
| to use It as might think best.
Q. What did you do with III A. used most
of IL; some of it retain.
Q. What did you do with this stockI A The
stock-book there will show how all of tht
stock was disposed of.
Q. Cannot you tell Ne who got that stock
A. really have forgotten. II is there. holt
some of that stock as trustee yet.
Q. Do you hold the whole 0f It? A. No
sir.
z. To whom did ycu transfer III A. Irea;Iy
forget. Ii is there-you will find Il there
toward the last. pointing 10 ..ock-6ook)
Q. Did you pay up 20 per cent on TIL.
trustee stocki A. Yes, sir, IL 10 all paid up.
money out Of tho company A. L. was pas
up with money out of the company.
Q. Compsny's stockl A. Yes, sir; and pait
back when the parties got the stock.
Q. Did you.transfer 1t 20 parties, anil thel
did those parties pay In .heir 20 per cent? A
No, sir; held that stock = loas while befor'
gave II out.
Q. Who did you giTe !, Out, A. Well
l think there was soms Of It given to a man b.
the name Of spIcer, and, / think, Mr. Evan
got some oft-John o. Evans. can tell you
BY looking at the stock book.
Q. Here are 100 shares. This was trans
/ ferred May s, 1873, to Samuel Emery. Where
will you find Samuel Emery's ACCOUNT A. Ir
the ledger.
By NJ. Jewets; Q. What was the par yalu,
Of the stocki A. One hundred dollars q
share.
Q. DID Samuel Emery ever pay for that
stoekl A. Yes, cir; he paid the 20 per cent
You Will find It In my name and then trans
ferred,
| @. I find here . charge against Samuel
Emery for 100 shares Of stock, July "a, 1879
A. It Is transferred on the books there In
May.
| @. These are your booksi A. Yes, sir.
Q, How IL ik transferred In May and you
don't charge him with 1t until Julyl A. don't
know why that was. You see we were not
doing regular business at that time, and ]
suppose probably l may have neglected to
enter it,
Q. When did you declare a dividend of 2s
pet cent? A. That was IN October last likely
| " ! unu nofe uuueF TIE same uate, July II.
he Il charged with dividend of 25 per cent
A. That Is the dividend Of % per cent. We
have declared altogether IS per cent.
| Q. You say in October, Il Is charged here
July 81, 1873. A. don't know how that can
be. ! think II was In October we declared
that dividend Of IS per cent, at tho time we
We decided to wind up the company.
Q. State where can find where Mr.. Emery
paid you anything for that stockI A. You
Will find 10 charged to me IN my account, ]
guess. Il Is to me as trustee, and then trans.
ferred afterward.
G. 1t IL charged to you as trustee, but IN
your hands 10 belonged to the company A
No, sir.
Q. You held It for tbs companyi A.Iheld
II in trust and to DO paid in, tho same 40 any
other stcek-e0 per cent, en- Il. simply trans
ferred to him.
Q. understood you to .ay TO Judge Wilson
moment since, that Whatever you paid o.
account Of this stock was oGt Of the moneys OIL
the company A. 1t was not exactly out Of
the moneys Of the company. held II, and
accounted for ell the stock the same as would
If held u Individually.
Q. Do you mean 90 far as any assessments
were made on this stock held BY you as trus.
tee, that you paid for 1t out OF your Individual
noneysi A. Yea, sir. held the stock entirely
myself un.il 1t was transferred.
Q. But that Is not the question as to your
| holding It. A. It shown here you held lt as
| trustee. Now as trustee for whom1 A. Well