, 1877-06-21
GEN. bl'ARTHUR.


n1s EXAMINATION M InR ASSIGNEE.
The Inst has not beon heard Of Gen. McArthnt's
voluntary bankruptcy. Tho attorneys for tho A..
nignee, Mcssrs, Ella & Parker, Aftcs tAboring orer
aascte arc htm In the belief that the creditors are
entitled to An intctcst in car&aln 3a5, ooo which,
tkcy ttstually contend, camo from the Post
oGlee. but which Gen. MeArthur says 10
borrowed and put fnto his iron burl.
ness. These same inqnstttse attotnc1s bc'fese m
explanation fs necessary Of the rnthcr peculiar wny
in which this SIS. coo appears as an Investment to
Gen. McArlhur'e credit on tho books. Tho hmount
was invested in yntlous suH1s from time to ttnnc
dining Tho courso Of two years, 60 Gen. aeArthnr
claims. but was never entered Up until after tho
squartn9 up Of tho boots last january, tho matter
being carried Along on metnosan1ums. from, which
tho bookkceper finally luadu his entries. Tho at
torucYs look a4 Is In a somewhat different light
They arc very much Inclined to tho opinion that
this &3i, coo never vert Into the iron bualncss at
all. but that II has bccn laid away, and that when
the General saw thai bankrnptey was Inevitable he
ciattn That the books do not show that The s5 0O0
haa ever been nscd IN the ron bnanefs, md, taklne
this In connection With the queer way of entering
a1, esamination 10 bo heii beforo Reeistet
liibbatd fos the purpose Of ,gett!ng at the
s'ts 'ai' @erns IT, sa.f ' ssa
upneartns 10: tho Assignee. and Mr. John Harden
for usn. McAfthnr. All the books were on hand.
oughly for nearly f0ur long hour.
1EN. MfARTtIGN TESTIFIED
that he had invested In the business, from lmo 70
time. items going to mako up the sums Of $40, 600
and s15, 600. Tho fF.t. named amount he bad got
ten together by sales Of propet,y, money, taken
f:s b. s'sy q ss is,s s o aS
:e,ss iots a'd pas IN ooo: wisea A. stssS 5 to ii.
The $40, do0 was realized ont q certain bnsIncss
trsnsaetsons. the natnra. Of which he declined to
state. and was nut Into tho hn*lncts IN 1874: Gen.
scosksepef, i. n. Ford. memorsnduss,s ora s7 " lis
Investments !, mot at tho time those Unrest.
considerably afterwards, which incntoran-
F"s instance. lis SIS, DOW 5oo wns msis np of various
OIL the books nntl tbe close Of the year when they
,sctS lnnpsa togstaer from re,norandnns. md
'aa 81 1 Tynr e
eci an interest 10 Jay this money back, and that
he ditnt want II to appear on iha books n tho
iaSe.tmont M II" IT, Is had not u scs: stso,crea
ION , u%ss S il there sssa @ss ot s 90 .sssa
1t tic time Of tho fQuatfnx up last January. tho
tencsal sa!d tho baance acc0rln9 to his steollec-
tion, mas only few hundred dollars. .jrdTe Ella
sslWafs, 70 wheh I Iii Tic q aeas rorcd shat IL
hut wrte not entered up until some ttmc in Fetru.
National Hank hut All Tic Information he could
re. 17as that Tho ecprnl had 81. Dtl atocE IN thc
EHnk, uf which he sold III, 500 worth.
npd that thtn 81. WD urnr Ia pnv whst.
ever Il was deposited AZ collateral for,
The GcnntAl declined 10 answer tho question
whether he had paid cash or Ciycn bis notes for Is
stoek in tito Hume National. lis rcftlrals wcro
Hntet, md he was given time 10 think the maslor
Oxos, under tbs i1sa that he would sce tla pro.
rsiety Of answering the uuestions.
NV. DAVID ii. ronp,
Of tic oookxerpor. wns then o1nmined. liz said
he looked oycr tho books and had reneral snpeE.
viaion Of tlro works From tho books n anoeare4l
thcre was small nfout 10 6fa cred nud i,ui In 1a7i
h. was credited will IN Investment Of ST, 0ss. d.
NV In wl,at iorm thesn inyottrcnts Ssrn n,a1c.
liz knew thnt McArihur yrns nuff,nr in me ncv
fr0u limo To tins Gnt ha lid mt rreiit Il mn unfii
MuArii,ar 'rayS hin, thatn tnemnraninn,s. Far
this u,at,ueF of doing buainrsn hn had M cxntans
lion to mako, No;cs wcro poki with n,pnuT n the
rufc f1nll. tho procccds Of nticr notes which hsI