The New York herald., 1877-12-06
THE SCHULTZ ASSIGNMENT.
Continuation of the Investigation
of the Ring Frauds.
Mr.. SCHULTZ IN SELF-DEFENCE-
lie Holds the Money for the Owner, Whether
KeySer or the City.

Tho investigation by the Aldermanc Committee OF
lhe Ring frauds was resumed yesterday morning. -
eleven O'Clock In the chamber OF the Board Of A'ae'
men Mr. Peter q Swecny had been subpUpaed 70
appear but was not present. Through his counse,
Nessrs Beach, McKeon and Vanderpoe, be presented
written protest against being summoned, saying inst
he would consider this action as VIOLATION OF 'no
agreement made to grant him personal immunity IN
She city pending his trial. The committee agreed 70
consider the protest and 10 grant the counsei iur
thor hearing II they did not think the pro-
lac, sumc,ent General Barlow recalled
ana explained and amp!insd some OF his
former testimony Mr. Peter B. 0Iney also
testified in regard tho $50 900 assignment OF keyser
oMr Jackson S. Schultz The lattor gentleman was
then put upon the stand and testified IN blunt good
natured way why he took the assign
ment and his ability to make It good His testimony
aosed the days examination.
swgESY's PROTEST..
After the Invest eating Committee and their coun-
sel Mr. Cole, had taken their places Mr. John
McKeon, representing Mr. Peter B. Swecny, rose and
said that he wished to make protest in the name Of
his client. Then pulling from his pocket manuscript
he read the following protest against his client be-
Ing forced testify and also the agreement made oy
the authorities to grant Mr. Sweeny personal mmu-
nity:-
70 rnn HONORABLE CoxxrrEr cozxos Council
Mr. Peter b. swceny has been served with paper pur
ie IN es unnamed and
lgaton which we .anoose to be that relating 10 what
We appear anse protest against It's enforce
respectfully asking your attention s. the
Under wS IN he Mh a family i in France Tsrs
then peadng against hun action on behalf Of sn ets
having II in charge for the pan&hs MS @ anu
On receiving Information from us he At once sgn-
eI ~ d
large inconvenience ana .aeriee MIN IN ,S xs
srumcn in our copy Of which = sn an ~
people tie gentlemen who supposed 70 have
In q over rss The e1y
Mr. sweeny under advice trusted to the assurance
gave, has been since shsn. and still Is. engaged IN
% Ss S s Source that the i'm
assured would time expire. according
Win Sseonng respee. for your honorable body W we in in.
people 10 subject him any the sab
ect involved in the action against hm l. would also IN
ia bun 'sssssi At sims shas
submit a, ,s. matter usiSs
soy ua declare him by
sraiions and relieve him rom Attendance before YOU
n ,s-z jo4S yast,ER asKkoS sop1.
NEW oax SUPREME couRr.--The People OF the state
ss1 s"S an. ns .As q
the defendant Peter B. sweony, attending upon
as . h. 'sssH Hs ss
sy 4Sf
.axpayer other person or oI M en n
people q ne - 81. s,:s y
nor 1 b S1 .ny 'as %
Other civil criminal against b: his person
oisssiS aud !. Serssy .puia.ss that saras
ria M on ~ any ioand
% s % NO
Or indictment found against him .,,.,..,o. .s..
a sA q for ssl, s ~ the .is m
az end 80 TN. yo ana % any ny n ~ 81 s
swesny thirty days ns,lse q their iDtea,lon g 90
Tree Tree ,.passloa ssS been
snAjaais sAhtsS k ffiHGiLD fbHhrs Attorney General
district Attorney Of New yorh county.
%hhhHER ihlsH + H. fEdKaAs sGolssna A.s.saDs coSnss %
Mr. McKeon added that the committee should 20 on
nth their investigation the same as II MI Swecny
were still in Paris. agreement had been made
10 molest him. and to compel him to testify as wit
ness IN tho investigation would be molestaton Mr..
Beach said that Mr.. Sweeny could not testify any
Iubject connected with the investigation without
speaking OF subjects concerning himself that
In litigation in the suit pending against him II would
be act OF indccency on the part OF the people 10
compel Mr.. Sweeny TO appear as a witness under the
circumstances Mr. Cole said he thought the stipulation
excused Mr. Sweeny from testifying Alderman Cowinu
that he thought the action of tho people against
Peter B. Sweeny mad been compromised. Mr. Beach
replied that the suit was still IN full lie, although n
compromise had been talked OF and would probably
be arranged, but this they could not anticipate Ho
desired the committee understand that Mr. Swceny
did not by any means decline an investigation but at
this tme before the suit against him was settled II
would be premature. Alderman Cowing said the
mitlee would take the paper produced by Mr.. MoKeon
ana give il their careful consideration If they found
the stipulation was not as broad AZ counsel repro
sented they would again consider why Mr. sweeny
not Dp IA uuxclQ n hpur
ing on this point Otherwise Mr.. swecny would DO
excused from tesiying
and asked to state what connection he had had with
keyscr's assignment ~ had no connection with
the assignment" he replied 'sexcept that II came IN
with the list OF bills. aud wc collected about 100000,
took our ices and pad over tho remainder to Sir.
trustee for the city, but looked upon MIN n stake
holder" Mr. oIney under the impression that
Mr.. keyscr's books were well kept
SCHULTZ TESTIFIED
Mr. Jackson D Schultz was next called 10 the stand
10 testify in regard to the assignment, Mr. Cole put
ting the questions.
q Mr. Schultz, will yon please state how the idea
nrst presented itself TO mind that assignmc
should be made By you IN trust, for the cityY A.
Because had to do with keyser's carly connection
with the exposures, anu suppose that no consented
that should occupy that position.
q. Did the idea originate with you, or was II sug-
gested by otherss A Wei, If you will allow me TO
tel all tho circumstance about IL perhaps that wo ud
be the better way; was then one OF the Committee
Seventy; was friend OF Keyser, and the amounts
,eemed so enormous that Horace Greeley came 10 ms
md said that he did not believe that Kcyser was guilty
and he asked me TO soc Keyser; did see him, but
nervous al times that he could talk to
me, but what Information did OBTAIN communi-
Gated to Wheeler H. Pcckham, judge Lawrence,
General Barlow and Others. aud they man.
Named that tho tosiimony valuable that
they could not succeed without IT; very
much impressed with Keyser, ana lcd
DO offer him immunity; this was offered him
Alter my seeing that keyser was almost out OF his
mind, and the counsel for Tho city advised him 60
out Of the city, but before dong they had several
Interviews with HIM, aud they searched through his
books; y was again said by the counseliors that
keyscr's testimony was Of the most valuable and
could not be lost; you Will remember about this
yime that Mr.. Keyser WAS the only person VINO had
pot burned his books, and by accident this Commit
Ice OF seventy obtained the papers and Vouchers and
Mr. Keyser identified the vouchers and picked out the
forged ones from the good ones; the reason this COM
mittce bad SO much confidence IN Mr. Keyser
That all that he said confirmed by vouchers;
OF The counsel suggested to him the proprety OF COM
pensating the city and II WIS suggested that some
one should act arbter between Mr. Koysor
and the city, l took the papers and books