The New York herald., 1877-01-14
THE DUNCAN-sHERMAN CASE.

ExAMIsATIoN OF MR.. WILLIAM BUTLER Dux-
cAs-NEw AND IMPORTANT .DEvELoPMESTs
Tho bankruptcy case OF Duncan sherman Co. waa
called again yesterday before Register Ketchum In
the absence OF Mr.. Bangs member Of mis- firm
appeared Tor Mr. Duncan. Mr. Edward y. Brown
appearing for the petioning creditors. Before the
examination commenced Mr. Duncan stated that
In his testimony at the last session he somewhat
In with regard to the lrms OF Watts Co. aud
winman Co Neither Of them had any deposits
account with his hrm but merely acted as brokers,
aud tho checks paid them were given Tor margins a.
explained by hn before. Tho explanation was
due to Mr. Hillistic who paid check for 81 :,d
July 70 1875, II having been given TO close up
broAers account. Mr. brown resumed the direcs
examination by asking
o. We're YOU present al The tms OF the payment Of
Judge sullIvans balance the day before your faiuref
a. was.
q Was Mr. Alexander Duncan PRESENT. A. He was
q Did you consult Mr Duncan about its A. did
q. Did hc know anything about It before payment
A. do not know.
@ DO you know anything about any OF the Burgess
issued just before your failure being antes
dated
Mr. Duncan seemed very much excited at tho
such was not the iact. y
Mr. Brown-Judgc shipman testified that you did
know.
Mr.. Duncan--I say did not
Mr.. Brown--Aiiow me TO refresh your memory.
Mr. Duncan should ike 10 nave " refreshed.
Mr.. Brown-wait u moment. piease. and you shall
be gratGed.
Mr. Brown then produced the official record which
showed that Judge SEpman had stated that the ac-
ccpances dated sixty days ahead. Mr. Duncan
unlcrruptns,-"wcI II Mr.. shpman's statement ~
correct this the first knowledge have on the sub
jcct."
Examination rcsumcd-Q. DO you know about any
drafts beng issued drawn by Burgess Co., on July
II, 1875, which were antcdaicdr A. do not; have
no personal knowledge whatever on the subject
q DO you know anything about u check dated July
a.
Belmont Il Cor A. believe there was check Tor
that amount currency drawn tor It's equivalent in
gold, which had been loaned 10 us by Belmont Co.
Y Can you state when the loan was made: A.
cannot
O. Have You any means OF ascerianing? A. Tn.
doubtedly the books oi the Il. IN would show.
O. Can you not tell what tho loan tor, what
you did with the gody A. | can only gyo my i'm
pressons; We had no transactions with Belmont &
Co directly, except borrowing or lending gold which
is an every day occurrence among bankers
U. Can you tell your creditors what you did with
this large amount gold A. Ycs deposited IL in
the Bank o the State of New York. ana drew Il ior
ordinary business purposes
AN IMPORTANT QUESTION.
O. You have mentioned u Mr. Robert A. Hancock aH
a clerk OF yours is he tho same who filed claim
against your estate and do you know where he the
money to purchase some OF those claims? A. He IS
the same man; no Is still IN my employ; know that
he did not obtain any money from me-
o DO you know from whom he got the money!
Question objected to on the ground tnat there was
proof that any claim had been purchased. The obec
ton ovcrrulcd, and Mr.. Duncan answered that he
not been Obtained, however, from any member Of his
hrm. Mr.. Brown pressed the question, whcn Mr..
Duncan and his said that he should appeal to
against the Registers decision that the
ton was admissible
Tho examination then adjourned, no definite
date being fixed.