The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-04-25


A I rye pOition Of this, rs Is proved, was OBJ
tnincd upon the assurance Of boss Shepherd
III he would see II plid out OF the FIRST appro-
priatiun made by Congress, but he did not keep
his word, and the bank has no hold on him Of
course. The present mount OF Vanden.ur
Indebtedness to tue bank II, exclusive OF inter-
cst fl42fJpi, and TO secure IL there Ii about
$4,000 worth OF securities, real value. As u de-
fence VI himself NandenbuiR sets up that
u ton was Interested with him In some OF his
largest contracts. and he also claims that a por-
tion of the collAtcrals lie deposited with the
bank have bean sold and the proceeds not ap-
plicj tO the liquidation OF his Indebtedness.
MIR BIGELow's TESTIMONY.
The following testimony OF Jonlth IN q. B'reiow
illustrates tue mann r IN which Boss Shepherd
actions:
Q.-state your residence and occupation Al reside
In ine .ity o. WsshinStoA am al attorney aud coun-
Have Sou In pur,u, of your professional eng,ro-
99sns Of nc freedmsns ssvloss aud trust oompsnJf
80, sag nov y1n came TO 90 90 ana the reiult A.
McG nan. the widow u IRA CT, aeds6sn 10 lie a in
S@Si. . .ss ssos aptssnosS III. 90 frSed%,n.
i.s,. q ,hs ssso are. Drieny ,S foiiow.. On
ra.. tOupsy oaSed to 'fTs% frsaeis Mc6assS 10000
ior one yss Win lateres, At sn per cen, ano -,
taIcn oesd OF tlusi the house aud premises Known
aST nSaSS oscdpirS SY'ns s, 'aS ;h. ''Ss To
hosrsPa,,caI r DEiIo1 Of ins rSs. onise bs:
year ms nIst yssr. Interest wa. psid. ana tioO y
is5s there ips ts n ia ssfsui about $500 o. tej5
nte Get Dspel l. Eston the trustee In tls oeed of
the 81. IcSE ace July j. issa Tue sale % vas "hoiiy
Sry |; ksios 70 IL. ftssS@sss SAVING. and frSssi
C9mpsay ina. eompiry bi,s ths purch ser = such
segment IssrsSi q s,t1oa .S.Is sad d: ia;Iu%ss.
e " is snd 20 eonreI ne
e @ I'M Z, eh.ss ss
Ss' sRS a,r Sl EssIs n: sr1s;s.
sas %'Ss Sss: ST @ he poSc L0uis X. SS:
never osen surren cred ana hss ever been
5S%S's'f June TSss S s SSS on
@ e. sas n f. O Ss osss ss Pp q june. : % %
pIopifs pr r5sSs' &c AA3tss iS9 .S!d .y
sSeS smUau, sed VA. IN p. an 70 sss .Ss Si NJ.
Ss ssis s,ep ,yo. II, S soe 10 .Ss 0s,
;ss Ssa: !s.s deed y S.s' si:aisy N. =
s &C S n; 0 q: .' ss
to ne eoyetnment or rs from %. reed
iIsye stated appear 10 The swSra ;,.tsmea! OF Aleaaa.
70 s cor Of Eu,
10 the sui mentioned shepnerd Is not party to those
TIa.i Comp nv sad n way personally responsible
a. well As from the reeoras Of the
POST OFFICE DEPARTMENT.,
Ssn s:fynE from SS S: . Tn s % q '4
w. Alvord and q. w. stiekney 70 secure
:1% q az 100 .S::so nun ana vSiS, ios y: 70.
P sSayy
@ : Al 4ra: u:
sspssts s ss ~. =; sps..n & &3S$
~ .s:s = s::,
ressorins The propef,y 70 Tue eompsnspts in the o
neniioned. tue f.eednsns saw - "a Trust Comp ny
=; :;ss
ssn Tor :ss,'ng :.lse tns prs,s1asS
& !iss..Sa' % s ana q; 81 PS:ls
csreie " tns tras.e Eiion. ia opltiinr 70
Moo man as is more fully shown IN the records Of Tue
% Is there any rel.IiSn;hp eI sang between a r.
aoS se,aaal or e ha AadPss
ssI ssS SsssS an aS nnd st rS ; % Il U
poPerty IN Guestlon then hsid oY detectve ttis b'
a say-Hc; Of ANY IIs'isi q !os poPsf oI I've S.ai
torly 20 self or 70 tie Committee IL prolonget
and veJ seNe ee ero.s.ersmlnauen By myself OF ~
;cr@Ss rom svGsuc. % The ialSGsa sSs
Iss:s yss maze 20 oega on June Q. is7s .aS g ~
t6s privilege q renesSl thereafter ior two years ~
ns have been eosc'ed on % 1Ss ffopsy .oec H.
commencement of the present n cal jear. Tney ar
nusi rents would have ALREADY eIngul.ued The debt
hs ham, Tns 5epis ,s Of % ps9Per Tor the % .ore
more than have Pad the purchase money by snepherd
NEW TESTIMONY.
The following testimony has not yet beer
Jas. A. Nelson, oolored contractor. borrowed
| Sl,7OO from the Freedmau's Bank Ia 1873, Riyini
| two notes, one Tor 100 and the other for 800
depositing ss collateral to secure the S2,0Os
| OF elRhteen-yeT seven per cent. gold Interest
bonds OF the District Of Co'umo ola. q. W. Stick
ney. tho actusry, sold these bonds. as be claimed
for seventy three cents on the dollsr, or Sl,46O
| aud applied the proceeds TO paw the 1900 note
| to his credit. Nelson went to the bank and cot
| the tl,00 note. and asked for the balance OF the
money to apply I. to the 500 note. but they re-
| fus d at the bank to give him credit for the bal
| aDce. The bOnus were Gearing interest, and
Stickney collected the Interest, but never ac-
| Isaiah :. Washington, colored lawyer testi
| fed that be had given at different times two
| obtained the money thereon. 10 secure the
| same he gave Geo. W. Stickney the actuary
| two orders on the Board OF Public Works f0I
500 each, payable TO stickney's order. one OF
| t1ese has been paid by the Board Of Audit IN
9.65 bonds TO stickney who his not accounted
| 10 the bank for the same, nd Washington has
| been sued for the amount Of his notes
William scbooe colored contractor, testines
| that he borrowed from the Freedmans Bank
| 5000, and gave Stickney, the nctuary, power oi
attorney 70 collect from the Board Of Public
es0 Otho sn bs oap eoee ealS a 'eh
1
| paid the note, and accounted for tue balance Il
schooler, but required him TO give him an inter
| est In another contract. In this case Stickney
| advanced $1,000 OF tho money OF the bank. and
| Schooler repaid the money md gave bticAne,
| one-han the profits on the contract.
MURDoCK's TRANSACTIONS.
| ChAs. Hayenner, broker, at Charles station
| Prince George county, Mo-, testified that on,
| Mufdock, VINO was building extensively II
| WAsninR Rton, had been borrowing a good deal o
| money from the Freedmsn's Bank, and Col
| L ton shut down on him and would not allow
| him TO have any more money. hen Murdoch
| m de nominal conveyance OF his property 4
| Hayenner. who continued to borrow moneI
| from the bank, giving as security deed
| OF trust on the property conveyed to hin
| by Murdock. The u oney was obtained for Muir
| dock and used by him In improving the property
| conveyed to HaveDner. At length Murdoch
failed to pay the interest. and then the propertI
was sold ny the Com muissioners OF the Freed
mans Bank, end tho proceeds were applied e
| the payment OF the notes OF Havenner. Thii
broker also testified that he had, 10 connection
| with his partner, negotiated good many loan
| through the Freedman's Bank, aud frequentll
| paid Cot. EAton, the actuary, part OF their com
| missions.