The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-10-15
Mr.. DUNCAN'S BANKRUPTCY
THE CROSS EXAMINATION THAT
AROUSED ms ANGER.
The Nassau street Property-Aeceptine
Drafts Of Clerks to Obtain Money on
The PIN 20 ANeri Dirnrtrona Ruin.

Drafts Of Clerks to Obtain Money on
The Plea to Avert Disastrous Ruin.
The examination Of Mr.. William Butler
Duncan was res med Yesterday before Register
ketchum. Tue question with regard to the
ownership Of ,ho banking house property OF
Duncan, Sherman n Co. was repeated by Mr.
Lee. the counsel for Mr. Haight In reply Mr.
Duncan said " My firm leased the premises at
Nassau street for certain rent and taxes.
consider. therefore. that that was real estate,
and IL Is 80 considered by business men gen.
orally. | went to the tau once to have the
taxes reduced. Some one there, I don't know
who, Nil out o printed paper and handed II TO
me to sign. | signed It, but whether sworc to
IL or not don't recoIlect. I have since been
told that did. My attention was wholly called
to the question OF reduction In valuation for
taxable purposes"
Q-Do you mean % be uuders. God az having
signed anv paper without first knowing its con-
tontsf The attorney for Mr. Duncan objected
tn the questi N as immlterial. unless the con-
tents Of the paper were shown. He also asked
that the question be certified to the Court MIR.
Lee insistcd on knowing whether MIR. Duncan
swore to papor without first knowing what 1t
contained. Mr.. Duncan's counsel stlll OBJ acted
to the question, ur-ing that 1t wa INN. terial
whether his eli ut road the paper or not, uni 81
1t wa shown what the paper contaiIcd. After
Lee looked SOU rely at Mr. Duncan aud SAID
i" In YOUR last examination yeu testified that the
Alexander llurrcss dr. fts issued on july IL
1870, aud SHOWN to YOU were probable renewals
OF those which became due At that time. al
your firm been ~ the habit Of accepting rfts
| or your e aud vi icing them IN the nus OF
brokers for the puIpOs Of raising money A
We htd not been In the haOit OF placing such
accept ancgs In the hands OF brokers tor = lie.
Q.-Whr was 1t done at that time Al was
nos IN tho country. but believe II was not done
Q.-werc the DIR its shown u YOU issued on
tue l:tn Of July, 1897 A.-They undoubtedly
were.
When asked for what thew were issued, Mr..
| Duncan's counsel raised the objection That the
| az stiun hid already he II clearly answered.
| Nr. Lee. ref ring to the records that MIR Dun
ties. sid; II want certainty" Mr.. ID INC
tor the reuewal Of "iceptances falling due about
When asked whether that was the best and
most inteilFent answer he could make to the
| question. his Scotch temper got the best of nim
ulatcd. he said at Is the best answer | can
give. cannot supply Intelligence to the ex
| aminer. don't mean hy Intelligence tnfOrma-
| ton | mean brains"
with the utmost GOODNESS Mr.. Lee insisted on
| knowing whether that was the most Intelligent
| answer VI iucan could give TO his iestion
| Mr.. Duncan iavlnc stated that II was. Mr.. Lee
| with tie caiInnUss OF a man whose Feelings had
never peen tuflled. snid " | move to strike out
| the word- : mean brains, AS impairment and
insulting e. he Court and counsel"
The question was then askei; " Did not your
| hr'n receive fom brokers, on or ABOUT July IL,
lsi5. TIE proceeds OF that paper referring to tue
M. Duncan hey undoubtedly din.
Q.-Nhy did your clerk Burgess draw on your
Arm aul for what purposeY A.-Becluse he
VS. instructed so to do, and the purpose has
already been stated.
| Mr. Ice thcn ofrrred IN evidence the printed
case on appeal OF Washington A. Roebling. Its
admission was otjccted to toy Mr.. Duucan :
counsel IN the ground that IL WAS not proved to
have been prepared on appeal. nor by prisoner $
counsel. nor AS containing the AFFIDAVIT. The
objection having been sustained. MIR. Lee then
LaI N "a 4faf. Nall Al
about July II, 1870. for which tue acceptauces
SHOWN to you were issuedr" Al don't recol-
| lect.
with reference TO another point Mr. Lee
asked "Saortly prior to your firms supervision
manent renei1 Ayes, with the agent OF Bar
Ing Bros. Ia NV nork and with That nrm IN
| the guarantee Of my father, no other security.
They refused to let me have 1t.
Q,At nat time d,d no. your arm have let,
LONDON. guaranteed hy YOUR father2 Alt did.
91wSs t9 nat erodi, used Amro the extent 1I
my fathers custody until he surrendered them
Q.-Did these coiiateral- include the mortgage
on the Pine street propertyY Alt included, |
believe, the Spies ana slater mortgages.
| Q.-Had you any conference with your father
previously on this subject? A.-None previous
to my Application to Mr.. Ward.
would give that uuaranteef Objection having
been sustained. Mr.. Lee sske! " Can YOU give
father" Mr.. Duncan's counsel read
Seat by Bm. b. Duncan 10 Arx. Duncan.
| July I'D +. VI.
| After careful eIaninkton OF assets nni loss
large Aeset sounted good really Northess ami having
large JencienCy. large nsbiiuee, utmost secrecy
pcrative nobody suspects confidence unim paired,
unless YOU can secure 300 additional credit from
Barngs def AT II. Dishonest 10 continue mis- esdlnG
public but with ruch available dnculU. Have seen
Ward who cab,s barings II refused. must fan dsas
| uouily, linn, d.aie answer imperative.
| An additional TELEGRAM VS. sent. stating, I'll
| Barring grant open credit without security. will
| you guarantee ultimate payment Five Yeas
keeping bank credit which Is secured. Aver
| disastrous ruin"