The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-05-22


en- ble the ward TO De put in condition within
that time. THIS whole Job OF Transferring the
navy ysrd 70 LEAGUE pnm isna was w9fEed R,sp up
order that that corporation might obtain at Q
song the old yard for wharfage purposes.
THREE MILLIONS THROWN AWAY.
In regard TO the value Of the old yard, Com
modore Prebls testified that II was worth from
three TO six dollars foot. That was the esti-
mste he heard put upon the land by parties who
ground In the yard, which, at % foot, would
make the value s5.6S2'e40. The assessed value of
syIvania Railway Company bought the property
for t2,O00O00. The work of owing the build
ings and materials was not nearly completed
claimed that all that was left passed with the
transfer OF the ground. Robeson sustained this
oisim, and at once telegraphed Commodore Pre-
Commodore Preble further testified that he
could see 20 necessity for the hurry in which
might have been some reason. 1t was not his
duty to Judge. but to execute orders.
agree that the waste and destruction growing
out the hasty manner In which the removal
edly great loss from the pilfering OF small
articles, and large quantities OF heavy copper
and brass articles were upquestionably stolen.
Dialogue 4 Co.. Camden, N. j., was chartered
by the order OF Rooeso3 to be used In transport
The Government, was to pay sl.Oo0 q month
while retaining her. She was used altogether
pSosS one .s month 5 6ut for avs months the
the Seaweed, was bought for 1880 by order OF
hobeson. Sbe was not worth half OF that,
cost about 5000. The .Maynower. another tug.
was bought, and che is h wing n new set Of en-
eines placed in her by Wood Dialogue q Co.,
kobesons friends in Camden, N. j.
cArTELL's EYE TO BUsISEss.
But the testimony OF Il. @. Cattell furnishes
the richest chapter. He levied bis tribute on
tue navy, not only In Philadelphia but In New
York also. He toll,d the coal, the snip chan
dlery stores, the timber and lumber. the cloth
from an anchor to marllngspike. His tesu-
mony Is very interesting reading, and to be fully
report. 1t is almost impossible TO do Justice to
It In al abstract. He testines In substance that
since 1859 he has been practically the nrm OF A
q. Cattell 4 Co., his brother at that date going
out Of the active management OF the business,
but leaving 10 bis capital to the amount ol 800,
DO money invested In the business, but owed
the nrm Of A. q. Catteli 4 Co. 81, 10 W.
The understanding was that A.. q. Cattell was
| To gradually draw out his capital as the business
OF the nfm would permit II. he legitimate
| grain house. Toward the close OF 1870 L. q. Cat
| tell says that he was not satisfied with the ousi-
ness his nrm was doing. He felt that he had the
| up Utica Of the grain commission business
| was irksome, but he did not want his two sons to
have their minds distracted from the old business
| ano SO ne uid not take the firm into the new
| ventures he was determined on. He hau never
| done snythlng up TO this time IN the way OF fur-
nisbiog supplies to the navy, and had no sort Of
experience In that business. He, however, be-
n.vsa ,osr o, sSt'y1 & ana close IVA wastshlns,
| fully compete with old and experienced co.,
| trao.ors. lie knew Robeson very well, but not
50 Intimately ss bis brother Alexander did.
However. this was not one OF the things he
banked on; II was bis own native sbrewdnsss,
great activity, and ability to discover what as
going on In two or three places At the same time.
| that he relied on to enable him to make q for
tune to furnishing supplies for The navy. Il IL
master, and tDat one day he told Bradford
that he was determined TO try hts hand at the
| with no particular II Gaming. However, II seems
| to have produced vety profound impression
Mathews OF BrooEiyn. one OF the Oldest, most
| experienced, and successful navy contractors In
the country, sent word to him that ne wanted
| to have q conference. Cattell went to New York
| and saw Mathews, who was very much concern
| ed at the prospect OF having to compete with 90
active and enerRetic q business man as Cattell.
FIVE PER CENT. LKvIKD.
| Mr.. Bradford had impressed Mathews With the
notion that Calteil was likely to sivs him much
trouble, and therefore Mathews wanted 70
s%oSe. nta' sS me Ss.ns @ ss' Mathew. :S, sI4ti dis
| ing to Catteis story, bradford knew nothing
Of this, and had no idea Of what was to grow
| out OF this casual remark to Matthews. The
| arrangeme mt Catteli made with Matthews WAS
| altogether n one-sided affair. He was to have
per cent on tue gross count of sales made, but
| occurred. The first time tbis arrangement was
| made Cattell cannot tell but It was his nrst
| am thing In the business save to exercise what
| ever influence he had or might have TO secure
This srranssmeot continued to work In tue
most Satisfactory manner, and the pay
., msnss , on sda, hsthewss vs. ,, part we're very
| when thers was some trouble. The bills began
to stick about that time, and as Mathews did
| centase. From about October l, 1871 TO July Is
1874, Csttell received from mathews $4,000
ana this was all he data he could furnish tue
| traordinary manner. So far As he was concerned
| he never kept any books. He never even kept
n bank book, but he had two accounts opened
on the books Of A. G. Cattell & Co. with himself
One was designsted with Z. q. Csttsil, No. l. and
able to give any satisfactory explanation Of why
he had the two accounts kept.
point and OF his bookEeeoer. IL was mads 10
appear pretty clear that no account was kept
Of any moneys received OF T. @. Catteil
save such as went into the business OF the
firm of A. G. Cattell & Co. From time to
time t. q. Catte would say to the book
memorandum. Thss msmorandum were kept
in the cash drawer until they amounted 10
under s a5sf .Ss sssd 6 Tess stssr .
tell No. 2. The following examples OF his
explanations 10 the committee:
CArrELL's PECULIAR SYSTEM.
h 1tss 'ss St Is: s.;s ss sn
count paid you y727 80" Does that eonimissarJ ac-
count refer to this item, Received from A. Norris
net proceeds WyOming2 p" A.-ko. sir, thiDk not
wOuld ra however tnat the Dookkeeper should ox
AIN that account. cannot explain II. as
accountant. His Instructions TO that thing
skeyt right To remember the connection OF that 10
Impossible for me to do. He has done that for
reason.
Q-Under date Of April Is. 1871, an entry appears
upon Iour casn book Ms foowsi "E G. Catteli No. e
eiyed from your loan, tl OOO" In the book OF
das March II, 1874; E. q. Cattell No. 2. received
from your loan 500 In the same DoOk on page
al0, under date March 80 iS1l II. O. Cattel No. 3
T. ceiyed from your loan" Can you explain what these
transactions were, ana Who tney were loaned TOP A.
II loaned by me TO the nrn out VI my private ac.
count. nave loaned money 70 the nrm whenever |
had moLey which did not want TO use; that Is, when
ever they needed II.
Q-W6aI aid undersl and you State about your ao-
count No. aud No, 2. Al snail have 10 asK you to
have the bookEe per eIpl IN why be has kept that
No. and No. 2, ana what the difference n
Q.-AlOw me To say that your DoOkkeeper, for an
1hen must looE at II aud answer II ss Dest can
want the committee ali TO understand that am
countant
Q-1nere appears TO be upon your ledger an account
OF klJ N o. Cattel the last footing up OF which the
deOi sue t42 OOt67 and upon the credit eide tlS2
esi Ihat Is ElJln O. Catteil No. 1. A=Yes. ar.
=, Upon your le1ger. page SlS appears ~ .Calte
transferred from folo x7b, t224 i2l 2S Now turning
10 follo 80 We nnd upOn the l7tn Ay Of April 1873
credit OF tlSOOl773 May lo tlS,bO4 g9 September IL
tSb.oDh62, there being item acc ount
Ot date than jan 81 1871. On page SOC on Ihe
cash BOOK sppears an entry h. tatte No. g received
venOer, 1870 transferred from memorandum due Dill
he Ara %