The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-02-12
THE COURTS.
Another Attempt to Solve the MySte-
rieS of Pacific Mail.
ETVCKWELL'S BROKER AGAIN On THE STAND.
Some Questions He Answers and
Some He VIII Not.

Steamship Company against william s. King and John
s. Schumacher was taken yesterday before Commits
Iioner Edwin N. Wright, .Counselors Bennett and
Goodwin appearing respectively for plaintiffs and de
fendants.
FURTHER PROM srocKwETL's BROKER.
Mr. Samuel !. Harriot broker for A. b. Stockwoll
continued his testimony. Counsel for the plaintiff
asked II the firm of Harriet Noyes received check
on February 7, 1872, from the Pacific Mail Steamship
Company for $500, 000 He answered that they had
received such check, but that without his
loan book he could not state positively TO whose
account Il was credited. In 10 further
questions he stated that tho firm OF Harriet Noyes
received check on March o. 1872, for s3lS 600 from
the Pacific Mail Steamship Company.
Counsel-What did you receive this check for?
Mr.. Harriot--we delivered 300 shares of Pacific
Mail stock and received the check in payment
Q, To whom was tho check credtedS A. 1t was
credited 10 Mr. Stockwel and the 800 shares de-
hvered and charged TO account of Mr. stockwelL
q Who else was Interested in this transaction A.
decline 10
Q. DO you decline to answer on the ground that il
would implcate your firm in Mr. Stockwells transac-
tionsY a. do not
q Did you have an understanding with Mr. Stock
well in regard 10 the other directors why do you
wish 10 conceal thomY A. Because do not wish 10 dis
close tho private business OF Office; merely acted
as Mr. Stockwc's broker IN everything did in those
transactions.
Mr L. f.. Chiitenden, who was present counsel
for Mr. Harriet, here arose make some remarks and
was Immediately interrupted by Mr Bennett who pro-
tested against his appearing at ali in the case except
MIR Harriet then resumed and answered number
OF questions putto him by the counsel for The plaintiffs
lie sad:-0n tho 9TH OF February, 1872 we borrowed
$500 600 from the Pacific Mail Steamship Company and
IT was charged to loan account" the money OBJ
tanned on the application of Harriet Noyes; misce
aneous stocks were, suppose gwen as collateral
rlty for the loan.
q Have you any record on your books Of what ma
ture these stocks were
POSITIVE DEcLINATIoN
A. have, but decline to produce the books
Q Did you receive a check from the Pacific Mail
Company the 18th of February, 1872 2 A. We re-
ceveda check for s3l 425 from them that day; tho
money paid for 600 shares OF Pacific Mail stock
which were delivered to A. b. S,ockwol
What is the heading of the account in your books
in reference TO these Transactions A delivered the
stock to Mr.. Sockwell, and received q check tor 1t
that is ali know about IT,
q Did no conversation between you and Mr..
Stockwe regarding his right to the money OF the
company in this way and was the subject never sug-
Eestcd between you? A. No merely acted as his
broker; on the 14th Of February 1872 We received
check for 1926 407 SD and delivered TO A. b. stockwel
8 GOO shares of Pacific Mail: on the 10Th of February
1877, received check for 800 O00 was charged
to "loan account and subsequently gave collateral
for it in miscellaneous stock.
q Have you not got records Of these loans and
transactions A. have, but win not produce them
Harriet h Noyes were the only parties interested in
the money borrowed from the Pacific Mail Company
In answer TO further questions Mr. Harrot stated -
On February 70, 1872 we received a check for
$500 600 from the Pacific Mail Company, which was
used for carrying stock for the company; could
tell for whose special account the money used
borrowed money whenever required IT
ing stock and the only account was charged TO
oan money" it was for the benefit OF different dca
ers with Harriet Noyes as brokers; Mr. Stockwe
one OF them, and the others don remember.
q. You were carrying stock for tho benefit of Mr.
stockwell and ohcr directors of the Pacific Mail Com
pany and using the money OF the company for that
purpose, and yet you refuse TO tell who the other
directors were? A. did not know anybody in these
transactions but Mr. Stockwell
O. Do you no; know that some OF these checks were
never entered on the books of the Pacific Mail Com
panyY A. do not
Here Mr.. Bennett produced number Of checks and,
exhibiting the Endorsements only to the witness,
asked him TO identity those bearing the Endorsement OF
Harriet Noyes The refused to do so unless
he was permitted TO examine the lace OF the checks
we'll
Mr. Bennett refused 10 let him take the checks in his
hand.
Mr. Harriet resumed-I don't know that any nom.
Der Of our firm made application for these checks from
the Pacific Mail Company they came 20 Office In
regular business way had frequent interviews with
Mr.. Stockwcl and frequently in the Pacific Mail
office the subject OF these checks rarely brought
up between us was buying and selling stock for Mr..
Stockweil, and that was my business; don't remcm-
Der talking with Mr. Bellows, Mr. Bagster or Mr.. John
Nj Burke in regard to these matters They were not
Interested with Mr.. Stockwel in any loan account
q We're they interested in any accounts A. That
decline TO answer.
O. Did Mr. StockweI deliver to you several thousand
shares of Panama Railroad stock about this period
A. do not know.
q 10 You not remember anything about $500
shares of Panama Railroad stockY A. don't recollect
What time do you refer toy in fact dom; rccollcct
anything without referring TO my books.
T. During all the time that you were receiving those
checks was not Mr. stocswc heavily interested, with
others in your oporauonsS A. Not all the time
q Did IT result in profit or loss A. | decline to
ewer.
O. Was Mr. Masterson interested in these ,ransnc
tionsf A. decline TO
q Did you not confer with him frequently and were
mot some Of these checks placed to his credit jointly
with Mr.. Stockwelly decline to answer.
q Did not a large portion OF the money received
nom the Pacific Mail Company 60 TO William Bush's
firm for losses incurredf No, sir; what received
from the Pacific Mail Company was either as a loan or
payment for stock delivered.
CONGRESSIONAL SUBSIDY.
q. About the time you drawing bis money was
the subsidy question before Congress- and did the
stock nuctuhte considerably on that accountS A.
think the subsidy question was before Congress aud
the stock did fuctuste.
Q Did not Mr.. SiOckwcll ana other directors with
him lose heavily about this timcY A. decline to
o Was Mr. Fred Billings a director at thus time, and
do you remember Mr. Stockwe delivering you check
10 square UP his lossesS A. don't remember any
O Did you testify before the Congressional Com.
mttee that charges were made on the books Of the
Pacific Mall Company for loans which you never re-
eeivedY A. could not make any such statement,
q What checks did you receive April Is, IL and
10, 1872 frsm the Pacific Mail CompanyS A. We re-
eevsd on April 10 one for $50 600 on the 18th for
SSs, 900 and for $l9 000 ard The 10Th one for
{l62 $50 20 and one Tor $176, SOC
q. TO whose credit were these checks placedY A.
They were given for stocks delivered NJ Stockwel
and the checks were received in payment by order Of
MIR. Stockwcl
sSrrriSo PRIVATE COUNSEL
Hero Mr. Chtenien's private counsel ATTEMPTED TO
speak the witness his client and Mr. Bennett arose
and strcnuouSly objected 10 any interference on the
part Of the counsel and called the Commissioner TO
exclude Mr. Chtonden from the room altogether or ho
would not 70 with the examination Commissioner
Wight ntcrered and restored peace and the nvestga
ton proceeded.
CHECKS
Mr. Bennett then called the attention Of Mr. Harriet
20 check dated March 1872 for $500 COO and asked
him II he had any record Of IL on his books
Witness replied that he had not on that date
u was subsequently discovered that this check as
well as another for S3lS 000 deposited, according
60 br..Hurriots statement on March 3
.ssw HNn OH To-
f31S 600 tho 9th OF March send TO Mr.. H. T. Smith
for another check for $500 C0 which he refused
giveY A. / DOM rccollcct any hing OF that kind
q Don't YOU remember saying that IL was Mr.. stock
wc's order that you should get Il don't you rcmcm.
Der any difficulty with the Pacific Mail Company about
that check A. don't remember anything about any
dnculty; delivered many shares OF stock-6 600
shares time aud 5 800 at another-and received
these checks in return, probably by Mr. Siockwelrs