The New York herald., 1877-12-06

about it; spoke 70 General Barlow sbout this, and
he said the only way l could relieve myself OF the
matter was BY going before The Supreme Court or IN
O. was the trust fund intact at that timer A. Well,
1 commenced loaning Mr.. keyssr money April 70,
1872 the last money received was on September 20,
1872
Q. Then. before you had completed resslvfng the
trust fund. You began TO get u back; is that sos
a. (Hesltaiing) Yes, SIR; yes, sir; that Is true
q Proceed with your statement A. General Bar
low wrote me this letter and ! have copy Of u on
hle-I DON'T say that required that letter to
Inform me-not 10 loan money on secoad mortgages;
did II to sustain Keyser acittzen and man, and
the time 10 secure the cty II could, for any
money that might be got from his real estate.
Q. What claims do you hold II u should turn out
sais ooo woyn Of forged youcnerss A. IsmnsI Yos
SIR; but think would be Impossible Tor the city to
show that Mr. Keyser indebted to IT, even allowing
ali the raised bills which he himself received be-
lieve that S2lS,o00 to have been for honest work
honestly performed.
O. Whom dtd you representa- A Both Ksyser and
the city; 1 was a sort oil u go-between.
Q. When you drst took this trust did you not tell
the Committee Of seventy that you held that money
In trust tor the cityf A. never stated before the
COMMITTEES VI seventy, as COMMITTEE, anything on
the subject.
trust fund.- A. Ny status is that. have accepted q
trust, and 1t Is my duty 10 lnd out who owns tho
money, Keyser or the CITY,
In snec thon, you still hold that iund In trustS
q Ana Il on . fair accounting with the city that
money should be paid 10 the cty9 A. Certainly, sir
Mr. Schultz then repeated tho list Of amounts as
read by General Barlow on previous day received
hare. $3.50: Barlow Oney $3, S27 20 for colloctng
the drm of which AIN member allowed $4,Sol ~
tor interest, making q total OF $50. .997 ~.
.. The amounts you paid 10 Keyser, nows A. !
PAID him on Aprn ~, 1872 50. 000 aud subsequently,
the amount collected by mo at different times.
q What W the reason you gave th,s money back TO
Keyserf A. Because could not settis the matter
with the city, and told him II he had security he
could have the money, as supposed It would come
back TO him.
O You did not consider Mr. Keyser to be good
man that you treated him with such extraordinary
tendernessf A. ! regarded Mr. keyscr as q groat
bcneiactor TO tho Guy, and can see nothing but
great weakness IN HIM SO far rs know, he has told
the truth TO me-
O. So then, you regarded him as a good mahs A. l
DO not want 10 indorso Mr. Keyser's Character
q Did you consider these claims 10 be his only
available property A Yes, STR.
O. Then this other properly you gave mortgages on
was not worth thatY A. Yes, sir; but ne could not
have realized on it from any else; think that
The real estate would have brought any timo
within three months fully the amount loaned on IT,
q. Then you selected these claims because you
thought they raudulenty A. No, Sir. believed
they honest; the charges were pretty Steep but
would not like 10 say they were fraudulent; tie city
got pretty near It's moneys worth there were plumb
ers' bills, and plumbers bills are pretty uncertain
things, anyhow
o understood you to say you made number Of
efforts 10 get Comptroller Green settle this matter
but he would not, and nnally you became convinced
mat no settlement would ever be made, and you de-
termined 70 let Keyser have the money back agatn2
A. Ny efforts tor settlement began within tour
weeks after got the assignment.
BY Alderman Cowing-lf hereafter It shall be deter
mined, on ialr accounting between keyser and the
an amount equal 10 the amount which came 70 your
hands trustee, you sufficient financial ability
10 respond to tne city demandy A. think would
bs able 10 respond; d0lt think 1t Is quite proper
question 10 ask II am made liable for that amount
think the city Will get It's money.
concluded the examination oil Mr. Schultz, ana
tho Aldsrmanic committee adjourned until Friday
afternoon, AT two O'Clock.