The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1875-12-15
THE BANK OF PORTLAND.
Examination of william N. Goold.

The examination of Mr.. Goold was conclud-
ed yesterday afternoon as follows:
Odd you have more than one set of
| books?
Q-How were these cash items that you have
| spoken of kept?
Abbey we're kept on old Second National
! letter sheets with the headings printed on
them. They were kept for while in the caSh
drawer. afterwards in my vault.
Q-What became of those sheets?
A The last 1 saw of them, or recollect to
have seen of them, they were among the pa
pers that were carried rom the bank, after
wards to Bangor, and were in the box of books
and papers, ana very certain, that were pass
ed into the marshaps hands, They were in an
envelope when they were in the vaults. do
not recollect how it was marked.
Q-Were these sheets, containing cash items,
kept in the same envelope, or package, in
which the Clement checks were kept?
Al think not.
81 895 was included in this sum of 1873, 247. 06
of cash items Were Ithe checks which you
say were drawn subsequently by Clement also
included in cash items?
Al think few of them were temporarily
How long do not reeolect. To the best of
my recollection, in the absence of memoran-
dums, the others did not appear in the cash
items, as the manner in which the money was
raised would not necessitate there being por-
tion of it,
GIN what manner was the money raised?
A-By rediscounting and borrowing.
DIN the case of rediscOunting, would
it not be necessary to make entries on the
books?
Alt would be proper to make entries.
Q-Do you mean to be understood that you
did rediscount without making the proper
entries?
Al do.
Q-Of whom did you borrow money to pay
these Clement checks? State dates and
amounts.
Al am unable from recollection to state
from what banks or individuals the specific
sums pad on these checks were borrowed, as L
have record to refer to since the loss of these
memorandums.
@ Is there no record or account of them on
the books?
Al think not
Q-Were you acquainted with keeping books
as they should be kept?
Al was.
Q-why, then, were the books of the Bank
of Portland in the state and condition in
which they were found?
A-As | have already stated, 1 wished to
conceal from my clerks the true state of my
affairs, aud therefore kept matters from being
entered on the books that would otherwise
have been entered, and made entries that
would not otherwise have been made.
Q-Was it your object to make this conceal
ment from your clerks alone? Was it not also
to conceal the true state of your affairs from
your customers, and those who did business
with you?
Al did not think of concealing this at that
time from any but my clerks.
Odd you not repeatedly represent to your
customers and depositors, especially at about
the month of February, 1875, that the bank
was sound and you could meet all your obliga-
tons?
Al do not recollect. but think it very likely
at the time mentioned in February I might
have made such statements, and could with
good reasonl do so, as I supposed that Mr..
Clement was abundsntly good, together with
the assets of the bank, to meet all obligations
or Indebtedness of the bank, as regarded him
as partner in the business.
Q-Whether or not, in February, 1876 on
the occasion of your calling upon Mr.. Frank
lin j. Rollins in relation to the standing of
Levi f. Hoyt, Mr.. Rollins, after answering in
regard to Mr.. Hoyt, in turn asked you in regard
to the standing of your bank, and you then
invited him to examine your books and see for
himself?
Al do not recollect.
This concluded the examination of Mr..
Gno1d