New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-01-01
THE STEAMSHIP SUBSIDY.
Continued from second Page.

"a after the payment OF Mr.. irwin In May-3Iter he
reeve t1 ncee any contract was made building
The shIpsi A. (fter very long pause From reooleo
nCS RcoTe the contract was made he proposed to put
a. 10 tbe shipsi A. No, Sit; no, BIZ lOu hlisunu'l-
I'D understood YOU ask the question II 1t was
10 he charged 10 the slip, and sald yes . ,r,t,,
o BEFORE he had made any suggestion ABOUT chattInI
rDfbese cxpendurest TO the construction Of any shps'
Nj S S he proposed to charge it to construction
scrount of ships previously ordercdf A. No SIT
WhS %a sc @g no a. TO the San Francisco agency
O. That is as far you recali A Yes SIR Us lar as
~ a. far rs Won recocct to charge them with San
Francesca account and TO the ships NJ consrlcn.9 a.
Ireeoect that It was proposed 10 onarRe - W"
q Il is well YOU rccooc Let us follow that, NJ. You
say II was suggested at what Tuner beIore NAY 80
snd The time charged to the ships. WltAih = Pc
riod oftwO or three months $1,000 -, .,ro.od 60
o. Then coal proposal came before ne proposed 70
carry It the San Francisco sgency A. Ai''' 'n"''
And before he proposed to carry it to the consruc-
tiop account A. Yes sir. ,, -. a..
O. DO you know whether any OF It was charged 10 the
col account A. No. S.r; not without an EXAMINATION
Of the books. THINK it was not. ,..,.,,.
@ Can you state where the cheoKs lssueu " "u ~
the Spring Of 1872 were enereGf A have no Ieool'
hcuOu. ,.-...,,, -, Mr.
stOckwe as what account they we're 10 Oe cdLileu
A Ne. SIR; think my recollection IS that he keptH
merely az an understanding. A.
o. 80 that You think tIey do not appear upon the
st,Ips Of The check bOOki A. No. Sir. -,
O No part Of 1t was upon the stubs OF the euecA-
beoAi A. No, Sin; 10 money was drawn. . 90 ho,,o
O. Now there Is money which appears 10 nave we
pebe r' instruction Of Mr stockwe a the account
o. which they woui be cLaTGe0I a. NO. ST. tbnr 20
them were charged TO pront ana ioss' anu O'AeiS "
IRWIN m san Francisco. - M -, CO.,
@. Mr. siOckwen tod youi A. Yes, Sir. Mr. Stock
W. foId M. MI Irwin never told me. .
O. Is ticre anything else to which YOU wish to call
atcuion3 A. No, Sir, except TO the testimony which
cave Washington as to the correspondence which
Lad with MI Irwin; l looked through my etter-Oook
aua then through letters relating TO the subsidy
O. win YOU send transcripts Of those letters to the
Committee at WashDgtonf A. Yes, Sir.
Hl.Ilg lgV en- rgtEl "A ~ 4
tine You were Ve-PrssIdeIti a. Yes Sir ., tno
claUgc A. In 1861 the stock was 100000. and It was
o Iuc,cased 10y the act OF the Legislature OF New
Q First $4,000. then $4,000. then so,OOooOOi a.
Ye FrSJ g. OO,0O ,heu IS 10000 then {IOOOOO0O
thcu S.5,OOO,oC0, then 100000
Q /. VAS stock which bore watering pretty well A.
Il not All water Sir. At one lime we assessed the
stockholders al 80 per cent which was PAID in lsh.
q Row often od yvu make report 10 your Board or
q Hos often 10 the Executive Committee A. During
oreIuafy business once wceK $500 ~, 49,, 1880 5000
make weekly reports Of Tie business 10 the Executive
Committee IL regard 10 thc payment OF MI IrSiDi A
q Way NOT" a. 1t was not INV duty to do so.
u Was Il your 0uy to conceal from the Committee all
TIL fac,sl A. There was no cJucealnent
q II your duty 10 do IT, why did You not do II
Iva never asked.
@ Did YOU MAKE a report to the Executive Committee
OF a 8 Amount paid on May 2ii A. No. sir.
Dd you know that TIE amount was Tor the su0siiyI
D
Wa foI the subsII,i a. n, ST.
Q D.j not YOU feel thai Il youg duty, the Vice
President inform them O such al important trdBSac
tnati a. No. Sir; Supposed tine President mad
done 81.
ls1ug TIE con iUO1 Of your 0Gursf a. l think there
were only Two rcuorts; ole when Mr.. Stockwcn came
iu and one wucu h went out.
o DiI the repo-, when he went out snow the truth
Yes, SIR; tue S50O0O0 was charged to the san Fran
q Did you not know it was a false accountI A. He
% ne IL was to remain III he was able TO wipe IT out
l- q d / cd
CHI ,r.cd 20 tue Toxic and PeEnkl A. 10 not know.
Q. Was it in yoIr repoyti A No Sir.
q You an officer and Nce-Presltent in the Com
pauY think there nothing wrong m making false
tHjry, masking the stockholders ana world believe
Wus wrong when it was not explained
q. Aud you were TO receive subsidy from Congress
@ FROM lie annual report could Congress tell whether
a Was true or uJti A. No, Sir
q Was tp report not calculated to deceive as to the
true condition o. u, C0mPguyf \. Yes, SIR, 1t
z. Zee That you nave received from me Attorney
G.uefal an opinion. ~ which he claims mat tue Com
P-ny were euuueI lo' Sao,dI; al you give tue Al,oI
Ne, General fu khowed-e Oh the iaclsf A was out
Of TIE Company az that ulne.
IA - Gu rcs you were with tncml A. No, Sir.
q. NOu know That H1ruO, q Noyes had false ac-
O And at the ume vou knew that 1t was false ac-
count A. No. ST. He said tIat he expected to get
O. You Knew al the time 1t went on the books that 1t
false enuyl A. No, Sir, put found It CUT soon
q Thon Why did you Mt tell the people and stock
hot,rEi \. dill not feel It ny DUTY, for thought Mr..
Q So You tnyuG a vco-Pr,sIdent is doing his duty
WHOM Lc Suows OF false entries md yet conceas them
from o., directors and Executive Committed A. Yes
6r; il rests Win the President.
O. Why did You inst the checks for S7J0OCO TO Mr..
s0ckwrl, ANA then change them to Rc1aId q. Irwin
A. hal tHt Treasurer Issue them to Mr. Stockwel On
presentation OF tIca u Nj S.ockwt nc objected 10 his
name appearing Oh them aad they were then changed
@ You knew at the time these checks were given that
tue previously given mai been furisaed Tor that
n i.shcd, but ala not know what Mr. IRWIN had done
q Tneu you knew that he came for s75OOCo and got
its A. Yes
tHt Stockholders ana tue puuc OI 1T A. Yes, SIR Ny
oues were merely clerical had enough to DO without
Mr. Kasson-was the SooRkeeper under your direc
tons A Yes s,r, suppose he would be called so.
it.cxpenoituresl a. No, sir.
O. Wntu did You become aware OF it, A. Very soon
sit,r resolution Wds passed, but how soon cannot
q The bookkceper was iusti'yng himself for making
fRse eUtres saying MAT he under the ustruc-
tOu Of bis superior, and now say that you were
under the instruct 5 Of your superior A. merely
q Desired 1t to be done' A. merely conveyed his
order.
Mr. Burchard-Do you understand that the arrange
ment IN regard 20 the subsidy was private arrange
IDent or am arrangement OF the Company I A. You
Q Hsge you seen the correspondence between Mr..
IRWIN and MI StockweH In regard to tue subsidy A.
There II no official correspondence that Of
q When We asked II there was a letter accompanying
the checEs, you SAID undOubtedl," Have YOU any
letter letter that VIII show tbsi A. Ii was in
apuyale letter book. nOtln tue Company's book.
q Ia whose possession Is that bOOKi A In my own,
@ We would ike to have a copy Of it, A. will make
GCOpy Of II.
@ Are there any other letters or eopes OF letters in
regard totne remIances OF the money 70 Mr. IrwInf A.
40, SIR.
4 DEPOSIT BY LEES & WALLER.
TESTIMONY or WILLIAM L. JENKINS, PRESIDENT OF
THE BANK OF AMERICA
William l.. Jenkins, President of the Bank