The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-06-02
DANIEL DREW.
HIS ExANMAr1oN IN BANKIUPrcy AT HIS RES
Yprxcx YYsrERpAY MORNING.


his residence, No II Union square. It was conducted
in tho bedroom Of tho venerable gentleman. Only
counsel on both sides, Dr. Lindsay, his physician,
and the registrars stenographer were present In
answer 70 the opening question, by NJ. Simon H.
Steru counsel Tor the assignee, M Drew stated that
he had done no business for little over year any
where did not operate ~ all for year previous TO nl-
ing the petition In bankruptcy he did frequent the
Offices OF Boyd Vincent, Robinson. Chase Co., Dick
erson Co., and Whitley Nelson during that year;
had person In hs employ; always did his own bus-
ness had bookkeoper IN any business transactions
he had with brokers' he generally received statement
Of account which he always trusted
without making any examinlnascn. - he considered
the brokers honest men; he had cola,eras with the
brokers which they FUSED up" mere nothing; he
did not know whore the accounts are; thought they
might be In Wall street. but they might Be In his
house.
rHs EXAMINATION
Nj. Stern said IL would like 70 know
Mr.. Drew-I don's know; can't tell; was not In
the habit Of putting these statements away. but looked
them and trusted to their honesty; dont know
that anybody could nnd them now.
"lf you wanted 10 and them how would you 60 70
work to do Il 2"
Il don't know myself; always trAsted 70 their
honesty they made up ne statement looked The
..iwould like % ges those statements Ifyoa could
tell me how, should Be worry much obliged"
II don't know that can"
Mr.. Bur. said :--If ANYBODY could nnd them could
your son William
where the coaterais are; when the crash came they
used up; was we'll enough Oh year ago."
us your son living in town."
..wili you have them looked up and send shsm TO
s.Did you have any check books :"
. "So; never KEEP, any The .sy did IL was"
"A ANAL one |. Is all settled up long ago."
"Wlth what bank :"
ssManhattan."
ibid you have any other bank accountr
MI DHzw's BANK ACCOUNT
..You were going 10 say something You said the
Il never had any bank account at all that amounted
How dbl you make payments ="
'sThese men would charge me- In these transac-
lions, anything went against me they would charge
'once in while Was not there q balance that you
p ~ DOM remember. II ran along until tho crash
lyon did sometimes. max: ;, payments 70 various pso-
ple Did you pay IN checks , ...
year or two in checks II did can and II out some
.sHow did you pays"
al might have paid a small bill Of my own or somo-
thing OF that kind l never gave any checks 10 my
broker To these that mentioned would give
an order to buy so and so or and SOL II ii went
against me they would charge IL against mo and use
up my coaterals in that way"
ibid you not buy securities ont and outs"
.swhcrc did you draw the funds pay for your or
binary expenscs-say household expensesYn
Il have DOT done anything tor a year ard quar-
ter"
ssBcfore THAR"
~ might have paid II out OF my bank account.
(which bank ACCOUNT"
81 understood you to say that you had no account
with any banker where you deposited money ard drew
checksSn
v"Can you state positively whether you didsn
IL can't"
'You wsrein the habit OF giving promissory nossss'
shave you given notes. :"
II used 70 give some and pay them"
''How did you pay themsn
~ might have paid them in that way"
ssIn what way"
s'By drawing checks. "
I'll you paid them by drawing checks whom
were the checks drawny''
.'Thoy might have been drawn on some OF these
ssThey wcrc not drawn on the Manhattan Banki"
mo, sir; unles. they were drawn on some OF those
awhero did you keep the record Of those notes you
madef"
II didn't keep any,"
elbow did you know when tho motto was duef"
~ didn't know; generally carried what little DID
~ coIiaterals In the hands OF other dealerss"
IL had no book"
"How did you Keep mem0fsuoum OF securities that
'sThey kept it-these men, /"
ibid they give receipts Tor them Z"
II don't know that they did. !"
III they did give such receipts where arc thcyf"
s'rhcy didn't give any receipts; don't remember
ssNo nemorandums or evidence OF their having col.
latcrals In their handsf"
~ don't remember that they did,
HOW Mn. DREW BUsINEsA
"Prior TO . year and aquarter before your bank
ruptcy did you have anybody your employ As book
everi"
s.No sirn
when last did you employ any such person :"
ibid you ever have an once Of your own"
'sNevcr, except when was In partnership with E.
sDld you have an Office in their placcsf"
II had desk In tho Office OF Kenyon, Cox Co."
WHERE HE KEPT HIS sxcuRrTIHs
ssYou had At times large amounts Of securities In
your possesscnf"
s.wherc did you keep themf''
81 had thcm on hand good many times and kept
putting them up and putting them up until they were
..whcre did you keep them when they we're in your
possossion-did you have safcf"
II don't know No; ! never had safe used to
can't tell where lost u all"
s'Can you toll what property you hadi"
~ had several millions At one time"
ssCan you tell what IL consisted offi'
~ can by making out statement"
III you made out = statement IRON what would you
4 would mako 4 up from where put those things
and where lost them"
would you DO assisted In that by any papers or
wrtingsf"
.sNo; / always carry these things In my head"
ssCould you be assisted by any papers or wrtingss"
81 don't know that could"
.ssupposc you wanted sit down and make up list
OF what you had. how you lost and what became Of
IT, how would you 20 10 work TO do ~"
al would 60 10 work By making mp statement that
lost 10 and so In 1873 1874 and 1875 and nnd out
whore those things were put up IN those ofnces and
different pIaces kept putting them up until Il was
al gone"
lyon could not make Il out from your memory
alonc 2"
'.Ycs pretty much what lost and whom lost g."
"whst you had, how you lost Il and whom you lost
mn
II think so."
s.Can you state II nowf"
81 don't think I could"
"wiil you state Il nearly a. you cant"
"Hcw lost IT."
ssFirat, what you had"
II had several miiIionA"
Tho examination had lasted ovcr three quarters
Of hour, and ~ u was evident that Mr. Drew was