The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-05-24
TIE THINGS THAT DO NOT LIE.
some Significant Figures from the Books ei
A. q. Caitcii T. 60.

a. T.. tattcli y 10.
WASHINGTON, May 23.-rhe method or
bookkeeping adopted by the firm OF A. q. Cat
tell & Co. renders It exceedingly dificult TO OBJ
tain from their hooks a correct account OF the
operations OF L. q. Catiell. The nrm Of A. u.
C.tten g. Co.. according to L. G. Cattell's tcsu
mony, pa sed entirely into his hands In April
lsG9 At that time he had no C ,pital invested IN
the business, but on the contrary there was
charged against him various costly items.
amounting In all to e7.2s3.e3. Atthe date OF the
ex min ltion of the books by tho Su6-Commit-
tee on Naval Affairs, on April Is, 1875 i. q. Cat
tel had received credits for SlS2.594.sl, and
VS. debited with sl42,406.l5. thus showing
s4O,1sS.8i capital Invested In the nrm at
that time. A. G. Cattell, In Apil 1860,
had invested In the firm business tlC6,694s, and
he had added at various times $79.GS.vS, and
drawn out at subsequent times Sl7676s 90 leav-
Ing him with a capital OF ss.5@0.sO. Taking this
from the capital of Il. g. Cattell remaining in
the business $40 lSs 80, and there remains $751;
65s ~, which represents II. G. C.t'el's interest
IN the firm uf A, G. Catch & Co. But the books
Of the firm credit him also with $2si. III 2S, Va
that MS net eainings since Aprii, 1869. as shown
on the books Of a. q. Cattell Il Co., are 80
LOsl2.
But the most curious thing about all r Ia Is
that tho firm of A. O. Cattell q Co. has during
this time done a comparatively small busi
ness. Tne firm really consisted since ls72 Of J.
| r. Worr A. q. Catte, Jr., and Il. u. C,tteil
| he profits on the legitimate business done hy
the firm must have Deon quite small, FOR W orr
sweaIs that his share during IN I time WAS,
counting his salary, only $l2,3I5. Their legit,-
| mate rade was tnai Il noir and grain commis-
sion merrhan's. AID the amount oi capit", re-
| the entire capital q tho new hrm. which was
orgariz d a snort time sinc,,is only ~ ,oo Il. o.
tie ,lone intoreste Ell In the navy contr ct',
| according TO the testimony OF all tie partlcs.
| ana H. interest du not require the use ot an )
| C pital, because he received commits Ions on the
| coptrac 4 Win h other people obtained without
| the Investment Of cent OF any OF MS own
money! SqM Il r. When bcrn be n w @dS Ss s saro
times 10 A. q, Cattell q Co., and how oors 1t
| come that the hr N was all the time borrow n1
money q PSym ,ster brAdIoru' Geo. "' hoo''
The account OF Robeson in the State Bank OF
| Camden, n. j., shows that from july 3, 1869, 10
| Nov :, Is1l, \. Il. Cattell & Co. deposited TO mis-
| credit &S.lV In addition to TINS they paid loi
his ID p the L6sF 6s poSr s
slJ,5ll, bein- a note OF Robeson endorsed Nv IL
b. Cooke, discounted by Jay Cooke x Co.. ana =,
1874. THIS makes In all S13,7l029 which came
into Robeson's hands from he nrm Of &c Ca.
ieIi 4 ca. from July. 1869 to June T. 1873. hi'
is shown oy the two bank accounts Of hobesol
in lne state Bank Of camden A., snd Jay l
the books Of A. G. Cattell Il Co.,, known as til,
Log Bra ich cottage, 40. l. q. NJ Il.
Another culious thlns aoout all this buslnes
CatteI & Co. gave their notes to Robeson, anC
| X ,ne son . We his notes to A. q. Cattell 90.
| vet IL always aud invariably comes out that A
q. & ttell * Co. paid thess notes IN the end
Frequently Robeson deposits tho notes TO M
reuit ana draws Out the money, ana Yet tn
Olllells say he handed It over 10 the nrn
| OF A. G.. Cittell g. Co. This is tn,
most singular part Of tho whole anaiI
| because with the credit which A. @. Cattel
< Co, must ave h id In Philadelphia, II was no
necessary for them TO havs Robeson get nj. owl
nOtes discounted In a Camden bank ana II nj
them the money. All they had TO do WAS To de
ID at RuDeson's notes, endorsed by themselves
in their own banks and get the money; or.
they wanted to use Robes ln's credit with III
r | Camden bank, they had only to have him ell
! | dorse their notes and get the money on them,
| Now 1t Is shown by the books Of A, q. Cattrl
| v Tluus times, after he made his hrIangement
a | win the naval oontrdct ors, $lH.,5g 81. The lt
ritlmnte business of the arm required no sue
| amount Of money, and they fail utterly TO sho
fair transactions requiring ~ large oapita
N1w, suppose there were three par les 10 shsI
j. | III the business done with Matthews and IN
II two timber contractors, swift ana BlRlr
4 from wnom IT, q. Cattell admits tl
receipt OF commi sions TO the amour
= OF something IKE Sla..OOO, Bradford ioane
II A. q. Cattsn co, S@0,0OO. Rooeson "
i. about S7j.OO) THIS makes $4,000, ana leave
SS7,ODO Tor u. q. Catt-ll himself. when IN CO.
nectinn with these facts IL h. known -. !.
| ylrIu lly admits that hobeson knew OF n,S = q
4, | acti ms Win Matthew's In not the inferen
y | irresistible that the Secretary shared In u
,c pro1,s as above described; o
Dut II Is SAID that Cattell denied that RobesS