New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-09-28
THE PHILADELpHlA SC4ND4L.
THE TESTIMONY or MIR. MORTON HINsELF-Nol
FULL EXPLANAuON-rIE GUILTY ONES AID

THE TESTIMONY OF MIR. MORTON HINsELF-Nor
4 FULL ExPIANAuoN-rHE GUILTY oNEs AD-
MTrrD 10 BAIL.
PHILADELPHIA, Sept 27.--At last, after four
days o. dey. tie guilty parties to tie Malketst stock
swudle were arrested and brought before ies raie L.
r. Smith, Of This city todayat O'Clock. The warrants
were issued yestoIday,a and based upon AFFIDAVIT sworn
ont by MI slmuel Baugl, the President Of
the company. TIE affidavit charged the loss
to the company by over-issae OF stock and
misrepresentation Of moneys TO De about $4,000.
The arrests were made yesterday AMI last night The
men were all easily found except Mr. Maggie WHO had
relested a country place Chestnut Ill., in Mont
comCry Comfy.
The hearing began promptly at II O'Clock, The Hon.
VIM b. Mann represented Joln T.. Magic; Lewis G. Cas-
sidy represented John :. Norton and A. 81. Shields Mr.
Hum.
Alter preliminary consultation, the nameO Sr. Morton
was called by the magistrate, and that gentleman AT once
pushed lis way Through the crowd, his demeanor being
perfectly calm lie looked neither TO the right hand
TO tLc loft bus made direct for ne insignificant dais just
in front Of the Magistrates dcs 'and stepping upon it,
looked the face of the MAGISTRATE hmsef. Mr.. John
@. Johnson examined tie witness.
Q.-You were the President 81 the West PHILADELPHIA
Passenger Railway Company up % what tmcg Al
lal tcef President for m iIy yefrs-sinca 1868.
O-IoW many shares Of the capital stock of hat COM
paiy have been duly issuCdl 5000, think.
Q-And the par value; what was II +! A.-Iifty dol
Q-Aud an those shares Issued prior to that year
A.NPrior 10 1870.
Q-DoTou Know whether there are now ont shares Of
stock h4t corporation in adton 10 these 1000. and
MIX M !, yves Tti aent DOWN. tn about 1908 ~ %
O.-By whom were those certificates signcol A.-By
myself, as Presidents Samuel T. Hahn. as Treasurer
and by Mr Stokes, as secretary.
Q.-In,o whose hands did they go! A.-Tney were not
all .icned let me state alike; some were without Mr.
StOaoss name, and bore only The names Of myself and
o.-lnto whose hands did they eol DO you know
Whether any reached the hands or John X. Maggie! A.
John r. Magic & Co. are composed OF whoml A
John Il. Nage and Samuel y. Hnhn.
Q.-NOw Will you please, III your own way. tell US
under what crcumsauces They rea' he'd the hands Of
that firm or what member OF The firm received them,
and so Tar az you know what done with them A
As rs can recoect in the Fan Of 1873, Mr. HUM
and Nh Magic, 20 me and stated that unless they
bad assistance they would have TO make gnmcnt
Tor The benefit Of their creditors. They bad a large
amount funds in their hands at that time belonging 10
company. They me % understand that II con-
scented 10 assist tLen ~ the shape OF ccitmcae 0f
stock for 800 shares That tncy knew issued
they could set through and be able not only to return
the stock but pay back the money they Ead taken from
the treasury OF the company without my bnowlcd;c
Q.-Was thai stock made, and II so, what wds done with
in A.-The STOCK was issued N my name. ana SUI
stands in my NAME ana Is held by Charles H. Mullen Of
Carlisle or Mount Holly, don't know exactly which,
John A. Magic q Co having line OF credit from Mr.
Mullen mat stock ever since.
Q.-Tha, was in 1872 Al think It was.
0.-Witnin what time, fixing the most recent date
OF the oyerssue, over issues handed 10 Nage d
Coz Al think the last was ABOUT The lfth OF this
Q.-And that certificate was for how many sbaresi
AMY. believe.
O-'r0 whom was the certificate dcvered-to which
one O. the 1rn of Nage d Coz A.-TO john r. Maggie
himself
Q-What did you say when he asked you for that GER
tIGoae? Ale said II moments hesitatOnl that If lie
could gel the stock hc could negotiate u with tins gen
teman, and that would HIM very easy during the
balance OF the Fall aud II business would ~ up he
would able TO return the money that he owed the
pany and begin to return the stock
Ole OWING the company then about how much Z
AIN money and stDckt
O.-Money hrst-stOck aftcrward. At appears
that there two Judgment NOES held by the cOmpa
nv against the firm and then there a certain amount
OF money that had been raised on the stock thai Mr.
Magic, impOrtuned by myself, had gwen to
on account of each Of the notes and paid into the
Treasury one amount $4,000, and one amount
was $4,000, and last July Mr. Nagel paid Ii think IL
was S2l, 900. ] paid it over 10 Mr.. HUM.
O.-Mr. HUM was the Treasurer OF the company A.
Yes, sir.
Q-Was all that paid into the treasury by him, when
YOU turned 1t overt Was II all paid in at one time by
mint Al had no doubt about 1t AT the time.
QHOw many shares OF stock, IN ali, has been deliy
cred John X. Nagle q Co. Of the oyerissuei Al
think about $500 shares.
Odd you ever hear, from that time, at about what
rate they placed that stock A.-They told 500
share; Maggie told me so.
ODD Mr.. Maggie know that this oyerissue stocE
A.-Oh my! yo6.
Mort0ns and Vckerss bail was fixed at 10000, and
that Of Maggie HUM AT $4,000 Stokes held in
his recognizance All furnished security but HUM