The New York herald., 1876-10-07
DUNCAN, SHERMAN & co.
CONTINUATION OF THE EXAMINATION IN II

CONTINUATION OF THE EXAMINATION IN THE
BANKRUPTCY PROCEEDINGS.
Mr William Butler Duncan's examination In the
bankruptcy proceedings was continued yesterday at
the office OF Register Ketchum IN the Bennett Build
Ing Mr. r. F. Lee, OF No Pine street, attorney for
f. Graham Haight, a creditor OF Duncan, Sherman n
Co.. conducted the examination, as before, and Mr. T.
n. Bangs, OF No l37 Broadway. appeared as MT Dun
cans counsel summary OF the questions put and
answers elected is here gwen
.swhen you went TO see Mr. Ward tof Barring Bros
Col did you produce TO HIM any statement in writ
ing?"
~ did not"
"Did you show him any memorandum Of nguresr
.'To the best Of my recollection did not"
estate what you said to him In relation TO the assets
OF your nrm.'
al will answer this and similar questions the best
OF my recollection. You asking me. sir, TO give TO
you details ofevcnts conversations and opinions
which occurred or held than fourteen months
ago, and enough has transpired in my during
those fourteen months oberats the recollection Of
many OF those details and leave only the principal un-
fortunate events on my mind. said 10 Mr. Ward that
our assets showed considerable deficiency under our
liabilities In response 70 his inquiry 10 what extent,
,od him that was then engaged In making caretu
estimates and would furnish him with the iniorma-
ton l did not give him any detailed statement"
"Dd you tell HIM generally what they consisted
of?"
~ take It TOR granted that did"
ssIn making list OF your assets at that time did
you examine into these yourself personally IN
order 10 get at the amount III vaiuc thcreoi'"
~ did,
.po you remember now, sir, what these assets were
composed OF generality"
eyes They we're composed Of the assets enumerated
having been assigned to Judge shpman. There
were no others. y
.in making this estimate which resulted in placing
the assets At seventy per cent OF the liabilities was
there any real estate included!"
.'All the real estate in which had any interest,
which situated in Chicago. 81 Louis, New Jersey,
the city oil Now forkin the latter the property on
Fourteenth street. known as the Lyceum Theatre; IN
Washington square, aud suDdry properties Staten
Island besides small outlying pieces in several OF the
"Was the real estate corner OF Plno and Nassau
streets reckoned in That npprasementE"
alt certainly was not %
.wero any bonds and mortgages reckoned therein ?"
ss-here were fifteen or twenty, to the amount OF
about 500, 900 or $4,000
Can you state them!"
~ cannot give any details. They were all small,
and cannot remember the name of any except tho
largest, which was upon property Mt hahopac, and
cannot remember who the bondsman was"
Dd any OF these mortgages cover real estate In this
1Some OF the smaller ones did,
..was the enumeration of the assets composing tho
list assigned TO Judge Shipman corroct Dd II include
ali the iiems2n
t vus intended to be correct and il not correct at
that has becn made under tho provisions
which permitted the corrections There were errors
discovered in it."
bothsn
sBoth.n
sWere any assets added to II ?"
81 take 1t for granted there we're"
s'Don't you knowy"
s.No sir: have no recollection.
ssln the appraisement OF assets before mentioned
previous sceng Mr. Ward, was any cotton included
In your assets on which your estimate was basedY"
sN0 sir; unless there was surplus OF value in the
cotton which was our possession and above the
amount OF lien upon such cotton, and as there was no
surplus and above such lien no cotton was est-
mated in the assets. !"
.Wbat was the lien this cotton?"
sThis cotton was nela as security for Androw Low
against his special Deposit
WAS this the extent OF the lienG"
stYes SIR"
.In what shape was the lienY las there any writing
In connection with ity'
There was AN agreement with Mr. Low to hold spe-
cinc securities against this special deposit-not for
msly in writing, though believe in correspondence
think somewhat by telegraph"
.Was this cotton stored your nrm's name at that
timssn
II think the bulk Of It was, but am not certain"
: SDia your Arm hold the warehouse receiptss"
ssThey were in our possession"
sHow much money included in this appraiss-
ment In round numbersf"
III is utterly impossible for to that ques
..was any cash included"
~ take 1t for granted there ] should think
there as much AS 500 600, but can say no more
without reference"
..Did you transfer any cash TO Judge Shipman s'
s.Au that had. l gave him all my assets, and II
there was any cash he got III"
Do you know the exact difference In the amount of
your Andrew Low mentioned in the schedule
ned IN the state Court or intended to be ed and
mentioned in your schedule Ia bankruptcySn
s.rherc dInerencc-ahout $4,000 1t arose
from the deficiency in the security held by Mr. Low
after the disposition OF It.
"Do you know difference OF q similar character In
tho claim OF James 4. wcuman 4 Cor II So state itn
Is n redu o uUO N
account, which was caused by Mr.. Woman coming 10
me and stating that he regarded this $40 900 an
honorable debt stated to HIM that could help It
protect him, but stating the 10 Mr. Alexan-
der Duncan, my iather, he gave Mr.. Wenman a check
Tor the SIC, 900 and took assignment oi Ar. Wen-
map rs pos ton against our estate ior like amount
Tho examination was here adjourned until Monday.