The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-01-01
~: remember advising MT stockwell to charge

DAY; REMEMBER dvising MT. Stockwell TO charge
thus amount to . new ac sss sns eau IL cnss
please to. but he sad, 'we are building
Jour ships and VIII build more. ana ! shall al
to q railroad. and account for It that way;'
knew nothing about Air. Stockwell's stock trans
actions except by his manner; l received no In.
struct1ons prior to September, 1872 as to how
these sums were to be charged; on recOnsidera-
not tell exactly when he spoke to me about charg-
Ing this account TO the ships; think 1t was some
had suggested TO carry portion OF the items
through the sinking fund agency; l remember
coal so as TO help things along; tins ali took place
between MAY "a ana September 4; do not think
n she Seve charged
account OF Elorldge Irwin; find. on examina,
tlon, that l have some copies Of letters 9,,. 10 n
Washington; viii furnish the committee win
copies OF these letters; the stock OF the COMPANY
we made quarterly reports to our Board OF Direc;;
tors, and W ekly TO the Executive Committeei
knew what moneys were being paid out but never
made any report OF that to the Executive Oommit-
tee az
concluded that Mr.. StOckwell Kept his Executive
Committee posted on such matters; We MADE re,
went out the $4,000 was charged to the San
Francisco agency; did not consider that tnere
those sSps 4 msn be perhaps Without
explanatlon; the annual report OF the company
CALCULATED TO DECEIVE THE PUBLIC
as to the exact condition oil the company; !ne
entry Of $3.50 900 TO Harriott Noyes was false en-
try; found IL out soon ait ward did not Junk
that was called upon TO make any statement OF
such fact TO the Board OF Directors as concluded
stockwell; do not know OF any money that was
spent ny Mr.. Irwln IN Washington except, perhaps.
p the expenses OF his furnished house That he had
there; the books OF he company were so kept that
nobody can learn anything about how the money
under my direction; took no responsibility in
regard to the ialse entries, as merely conveyed
the orders OF The Presluent to the bo0kkceper;
could not afford to throw up my position &C that
time, but so great was my objection to any sucn
position OF President OF the company. dld not
consider my eli responsible Tor the orders passed
arrangement WIN Mr.. Irwin was entirely OF prl-
vate natu e, as nave found no Official communl-
cations relating 10 the matter; nave some leu
tiers, copies OF which shall be sent to the COM
Mr. W. NJ Jenkins, President OF the Bank of
America 81 fnd on examination that a check Tor
$14,5OO was depOslLed on February n by Lees 10
Waller; that is tine only check Of tnat amount
shat was deposited on that day; Mr.. Lees IS since
dead and the firm ls now known as Laidlow Co.
Waller was not living at the time OF the lransac-
ton but the firm was known as Lees Il Waller.
WHAT MIR. LOCKWOOD KNEW.
Mr.. LIE Grand Lockwood, OF the firm OF Lock
wood Go. - was member OF the firm Of Lock;
wood Co. in 1872; have no books with me 1
will endeavor TO find the books and look up the
matter OF the deposit OF 5000 600 that you require
the books are IN the possession OF another gentle
man, and as win nave to look them up cannot
present the facts before noon on .satur:
was subjected 10 believe l stated that
q million had been spent the passage OF the
subsidy; | believe that was limited to me by MT.
Frederick Billings; he SAID SO much money was
gone and NOBODY knew where; think he made
the remark in the winter OF 1928; l never lOl-
lowed up that hint that Mr.. Billings gave me; l
never saw MIR. Irwin in my life; we all knew NIT.
Irwin was working Tor the subsidy, as Mr. Stock
well testified court that Mr. Irwin was IN
washington "for reasons best known to himseli.n
MIR. Burchard then said there are a few witnesses
who have not yet been heard from, and as some
gentlemen wish 10 revise or examine their testi-
mOny l move tnat we adjourn until Saturday
morning at hali-past ten. SO ordered.