The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-06-02
DANIEL DREW.
HIS EXAMINATION IN BANKRUPTCY AT HIS RES
IDENcE YESTERDAY MORNING.

Drew In bank ruptcy took place yesterday morning, At
his residence, No Al Union square. II was conducted
in tho bedroom OF the venerable gentleman. Only
counsel ON both Sides Dr. Lindsay, his physician,
and the registrars stenographer were present In
answer TO tho opening question, by Mr.. Simon H.
Stern, counsel Tor the assignee Mr. Drew stated that
he had done business Tor little year any
where did operate Al all for year previous TO Ill
ing the petition In bankruptcy; no did frequent tho
Offices of Boyd, Vincent, Robinson Chase Co., Dick
erson Co., and whtby 4 Nelson during that year;
had person in hm employ; always did his own bust
ness; had bookkeeper any business transactions
he had with brokers; no generally received statement
OF their account which statements he always trusted
without making any examination. as he considered
the brokers honest men he had collnerals with the
brokers which they "used up" to = mere nothing; he
did know where the accounts are; thought they
might be In Wall street. but they might be In his
house.
TEE EXAMINATION
Mr.. Stern sad:- IL would like 10 know
Mr. Drew-I don't know; can't TOLL was not in
the habit OF putting these statements away but looked
them and trusted TO their honesty don't know
that anybody could dnd them now
III you wanted 10 ind them how would you 60 to
work to do ~"
honesty; They made up the statement; looked the
thing over, and that was the last OF y"
statements
tell me how, should be worry much obligsd."
II don't know that can"
Mr.. Burt said If ANYBODY could find them could
not your son WamY
Yes there is lot Of those things; don't know
where the collaterals are when tie crash came they
were used up; was we'll enough OIL > year ago."
lis your son living IN town"
..wili you have shem looked up and send Thorn to
eyes SIR"
'.Did you have any check booksi'
"No never kept any The way did IL was"
..Did you have a bank accounts''
"A small one. II Is all settled up long ago."
s'Wth what bank ?"
sManhattan'
.'Did you have any other bank accountf"
"No, sir"
Nh. DxEw's BANK ACCOUNT
'You were gong TO say something You said the
way you did u was"
..How did you make payments :"
''These men would charge me. In these transac-
tions II anything went against me they would charge
1t and always trusted 10 their honesty"
''once in while vas not there balance that you
Il don't remember 1t ran along until tho crash
came"
"You did sometimes make payments to various ps0
II don't remember whether paid anything tho last
year or two in checks. II did can And Il out
ssHow did you pays"
81 might have paid small bill Of my own some
thing OF that kind never gave eay checks 10 my
broker. To these men that mentioned would give
order to buy and SO or sell so and sol II II went
against me they would charge IL against mo and use
up my collaterals IN that way"
did you not buy securities ont and outs"
"No, SIR
binary expenscs-say household expensess"
II have done anything tor year ard quar-
ter"
'sBefore thats"
II might have paid it out Of my bank account
(which bank ACCOUNT"
az understood you to say that you had no account
With any banker where you deposited money ard drew
II don't mink did"
v"Can you state positively whether you didf"
II can't"
'You werein the habit OF giving promssory nosess"
mo, sir.n
Shave you given notes. ?"
~ used TO give some, and pay them."
"How did you pay thems"
~ might have paid them in that way"
elm what Way"
III you paid them by drawing checks on whom
s'They might have been drawn on some Of these
..They were not drawn on tho Manhattan Bankf"
mo, sir; unless they were drawn ON some OF those
"whero did you keep the record Of those notes you
madcf"
chow did you know when tho motto was dues"
II didn't know; generally carried what little did
s.wha book would contain tho entries or securities
As coilaterals In the hands Of other dealers"
81 had no book. !"
chow did you keep memorandum Of securities that
were outstanding ?"
"They kept it-these men,"
"Did they give receipts Tor them? ~
IL don't know that they did"
III they did give such receipts, where are they"
"rhey ddn'! give any receipts s,T don't remember
"No memorandum or evidence Of their having COL
latcrals in their handss'
~ don't remember that they did"
MN. DREW BUSINESS
"Prior to year and quarter before your bank
ev vsFs' : '-' w. ~ '' --'
sNo, sirn
~ never employed them"
..Dld you ever have an once OF your own.''
r Stanton and Kenyon, Coz 4 Co when they broke
"DId you have an oiico In their placcsf'
~ had a desk IN the Office Of KENYON, Cox Co."
WHERE HE KEPT HIS sECuRITIKs
"You had ut times large amounts OF securities IN
your possess'cns"
s.where did you keep themf"
IL had them 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
posscsson--did you have safcf"
IL don't know. No; never had safe. used to
have ihcm here had great deal Of property, and
can't tell where lost Il ALL
ssCan you toll what property You had"
81 had several millions at timcn
s.Can you tell what IL consisted OFF,
~ can by making out statement"
make ~"
II would mako It up from where put those things
and where lost them"
would you be assisted In that BY any papers or
writingsf"
mo; always carry these things in my head"
sCould you be assisted by any papers writings,"
~ don't know that could I"
.'Supposc you wanted to sit down and make up list
OF what you had how you lost It and what became OF
IL, how would you 70 TO work TO do tf"
~ would go to work by making up statement that
l lost so and In 1873, 1874 and 1873 and and oct
where those things were put up in these ofices and
different places kept putting them up until IL
all gone"
.'You could not mako n out from your memory
alone -
Eyes, pretty much what lost and when lost t."
"what you had, how you lost 1t and whom you lost
nfu
II think So"
s.Can you state II now?"
IL don't think could"
"wil you state II as nearly - you CAM"
sHcw lost II ?"
.First, what you had"
II had several miiIiona"
Tho examination had now lasted thrce-qunrters
of an hour, and was evident that Mr. Drew was