, 1877-04-13
AFTERNOON SESSION.

6EtHkIAHH ltAWM1Ss
The Committee rcaasemblc4 at :;30 p. NJ, and
NJ. Chase waa put on the ataud Ia tdcuttty IA
account between Z. r. Bowen and Mrs. Palmer.
Mr. Harmon then resumed hfl scat and waa
examined by Mr. licrnck - 10 an unexplained
polat In ono ot the lcttets.
The Witness had asked Howcn for Information
n to ono Of lAa certificates, Mr. Mason NEXT lock
up Lhe examination, and thu wltness said that hs
acted upon Howcn's notification A. 10 the payment
Of certificates. Tbs notice ~ to tbs certificates
mentioned In tho latter to 1owcn was probably
received lu duo course, and was not con.
tatned In auy letter from Bowen. 4 warrant
should have bcen drawn agnln4t every certificate,
but this was not always done. In no e4ae wau q
cestiacata marked "pa!d" or Information fur
n{shcd BY Bowen. The notices cana through J.
Irving Pearce, who received them from the
American E1ehauxs Dank. accounts with tAs
bank standing IN Psasees uaB,e. In every IN.
slAnce whore warrants wcre !ssued In payment OF
drafts the certificates bad been returned, and
there were nons uuaccounted {as.
Two letssa of Oct !, 1874. were subtaitttd,
- also apohsE Of Oct. 5, all directed to kaw
York banks and making inquiries about oreftluo
certificates not thsn returned. The nsxt WAS let.
Ter u Bowen, then IN Now York. bearing date 0el
~, 1874. In this witness set forth that SO. 600
were needed tn order 10 provide for s'the Medlll
matter and warrant held By John MccA1ery, 1t
seemed on inquiry thai the Arst. named was Ger.
tidcsts for $i0 600 On loan made by Mt. Mediil to
Treasurer PcaEce, and then nenriy 1 month over.
due. The next letter related 10 the account with
the Now York Loan ind Trust Company's yanI nj,
account Of which ths Witness unable 10 furnish
any explanation. Witness identified : "auu.uaary
Of bond account" a. mads By htni, probably
IN Ancusl, 1875, Tbs letter Of Oct. 0, 1874, sct
forth that the bonds were sent 10 Bowen while tho
statement deblted them 10 tho American Exchange
haak; Ths transaction VA e5plalnea BY the fact
thst = G!anttsf had lcfn MAdc. Tbs witness had
received efeaea out Of the surty.ssSsn bosts, brt
could not ren e1,lar tho exact date. TwsntY.two
more came through the Bank OF Montreal, acep.p.
panied oy draft lot III. 600. and the remaining
tsa fnFned part Of tho collateral put M ia Nav
Work to secure 4 loan Of td5. C0. Bowen reported
khat ~. cutting had loaned that money, taking
ntnalr bonds for 900 each ~ security. Witness
6n Mareh !. lii, witness wrote to Cutting
stktng for the pnmbey Of lls 0onds held by hTn,.
aud tho dAla Of tho losn Tor which tker vera 10.
cuIlty. knew thst he held tho ten bonds. - they
sent him telegsAlM asking him ~ what price hp
would kel then,. giving the numbers. III declined
to sui for less than par aud latere.t Tbs Bank Of
Montreal had no eonnecslon With ths uiucty bonds.
warrant fo! 81, QUO wAa given to Bowen on &C.
pusea that ho would par u over. Il WA th1 face
that they had given him tho warrant and had noth-
Ing ip exchange but BoWtAs word. Nltnra4 WA
ordered by Cunlmi4sioncf Psie1 to send The tsle-
gram la regard " the ten bo0da, but did not know
what the rea4ons were for offering to buy.
In reply 10 Mr. Tfucsdsll, witness sad that 1t
w4s quite possible that tle bouda wore needed Tor