The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-01-28
C. S. BUsHNELL's BiNKRUP1cY.
Points In Stock specuintions Given by DAY
Gould that were not Profitable.

Cornelius 5. Bushnell, Of New Haven, one
Of the money kings who built the Union Pacific
Railway and their own fortunes at the same
time. found himself overloaded with railroad
shares and bonds at the time Of the panic. and
gradually drifted into bankruptcy. After his
affairs had been in the assignee's hands long
enough to ascertain what his assets were.
Mcssrs. George b. Grinncll X Co. opposed his
discharge Oh the ground that he had concealed
effects. On the petition Of that firm an order
Tor the examination Of the bankrupt was OBJ
tained. and Register Allen held two sessions
without disclosing the desired fraudulent con-
ccalmcnt.
MIR. Bushnell appeared in Register Aliens
office yesterday with his counsel. Mcssrs. Pad
dock and Cannon. Mcssrs. Martin and Smith
appeared for q. i. Grnnell Co. In the exam
nation which followed some curious facts Of the
methods by which bankrupt may continue his
stock specuations were developed. when OK
aminod by Mr. Martin. Mr.. Bushnell said that
he acted as trustee and agent for his wife. Mrs.
any other books than a small mcmorandun
diary IN which he recorded most Of his transac-
tons.
grcgate OF the moneys belonging ~ your wife
that have come into your hands =
cannot say without reference TO my memo
randum book and II would take me some time
10 figure 1t out with that assistance"
Mr.. Bushnell here produced his MONOGRAM
dun book. and after perusing over tia few min
NJ = he handed it 10 the counsellor. requesting
him 10 figure il out for himself With the book
in Mr. bushnells wall was a stock ertiilcate,
upon which the eyes OF counsel fell inquiringly
II proved 10 be n certificate ~ one hundred
shares In the Producers Consolidated Land and
Petroleum Company. That belongs to my
wife," said Mr.. bushnell =" II is one OF the best
pieces Of aroperty in the market"
IL H. eNllalned his wlie's property in II as fol-
lows; About "A year ago she gave her notes to
estdent b. nticc Of the aforesaid company for
800 shares of the stock. The notes with inter, Il
Hates had sur'd in many transactions since,
ana most OF them We're recorded IN the memo
randum box. Mrs. Bushnell had borrowed
1000 from Mr.. Amcs of Boston 10 purchase Mr.
Rice. proprietor Of the American Hotel Of
Boston, notes for $1,000 which had already
taken the shene Of Judgments in the Massachu-
stock certificate. About a year ago Mrs. Bush
nell wished 10 enter into partnership with
her nephew. Mr.. Brooks, in n Wall
dHeT to M hef ErosE H.
gotlate the money upon them. when he decided
not 70 make tho partnership, and returned the
stock. Then Mrs. Bushnell gave the shares to
her husband, who thought that he could see
some sure points In Pacific Mail by buying 200
shares through Maginns Brothers and Fearing
and depositing the stock us collateral for his
margins.
Id rather not say much about that transac-
ton" said Mr.. Bushnell. Il acted as trustee
for my Wife. and We lost over $1,000. We struck
4 lust when ne stock began u fall / went into
II on Mr.. GOuld's advice that II was good pur-
chase. Not that 1 blame him. Tor he was on the
losing Side, too"
The lawyers tried to obtain from Mr.. Bushnell
answers mat would make It appnar that he act
~ these transactions. but the bankrupt said that
Mrs Bushnell authorized every stop before he
took it.
The examination will be continued on satur-
day.