, 1879-02-08

~
barne.l up, their sccurlties Ind been damaged,
and tleir stock was practically al! vinc1 ont;
nnI L WIS serious aucaton how this Company
! should bc closed up. Mr. Smiths advice to
hanksupteY; tns there were otls.r interests that
dill not think so. The arrangement to fnty MP
the policies was between tue State Savings
Institution mi tiTself mud Other stockho!;'ers,
renee, came In and contributed. Mt. Smith
ultimately atcd petition to have the Company
a1jndsatca bankrupt. Ills object being f. keep
M III matter r ot q +, ts state sott.; w,tne.s s
through,
Mr. C,,lbcrsnn-Why did vou Insist upon bis
being i yoHr @ attorney al ll'e way throughi
1e0o. III tho frat placc Judge Bcckvith repre-
scented the Company. Tile State Savings n,nl
inyscff at that tfnu wcrc not friendly. I hatt
ceased llavnR competition with them; vas
afraid of them, mud They might have been afraid
OF INC, cannot fny; but MAS not willing that
nny attorney should be employed through them
ut al. II anyboly acted t0r me at all 1t must
30 scS S1r. Smith, who had been my attorney since
NJ. Culbcrson-You had no hand In putting
Mr. Hafnes- Mo, slr. Mr. Cook acted for tho
Company II lie acted at ail; ho lid not act for
ms. .....
Ia answer to the Chairman, wlsncss said Mr..
Smith dh! not represent him In tho bankruptcy
!sn GouEt, "a anu took no steps to protect him any
action waa TO be taken 1T iii, Of course Sir.
Smith would represent him. but Judge Beckwitsi
was the attorney Of record for the corporation.
In answcr to Mr. Gou1y, witness said that
9t1 Viz ebe m S
Tho opposing counsel had thrown ont an lssiIu.
ntton In regard 70 polfeY that wss assigned 10
Air. Cook bolon4iuR to Lawronce F. Dcnrdsey,
il, liz noYar knew anythina about tllat at ali.
--
r. r.. nnnr.
Yah, ~ nuu' ~. t,.o.,a.,. =, ~, e,...
Savings institution, was sworn, and said no
"ou'a tei4 tnc tsuth 10 Tue nest Of MS knowl-
eaGe and eelie1. tie stated thai he wanted, 1oF
himac'i, to buy up policies IN the Company, but
no Haa never said that smith. or COOK. or nny-
oody else "oulo' pS corrupt Influence or I'M
proper means, influence Tic action Of Judgc
b'odgett. Miller, ha understood, claimed $23,-
w Tor rs services a,toBethef' INC hcce!yGr
u osa,' ~ n1s1Es r1str An 49, 'uso .atn s1 " NIL
rnrd 10 Cook'a statement about rnnretentinn
witness, the truth was that witness fiad no per
sonal interest In tho Company at tho tinc OF the
for tho officers an}l stockhoders Of the State
| Savings Bank, with which he mud been, but wos
| not then, connected.
| On tho cross+eramnation, w!tness satd he
NJ
attorney for tic Interests witness represented
| 1t wasn't tho thing for everybody, right after
| thc fire, to pay his Just obligations iustanter
(lau0hterl, and tho stockholders probably
| hnl TINT In mind. IIo had no
recollection of ever telling Miller
| Tint Cook md Smith could attond to tho thing
| In The District Court, but bo might llave satd
they would attend 10 whatever was to bo done
| 1t was desirable to the officers anu stock.
holders of the State eavIngs thut no schedule
| be iilsd, for tho reasons alruatlv explained
| On tho redirect, wltness said he Ind mover
aske'l Miller, cook, Smith. or anybody elias to
|
If. II, sSrtru.
A. ,,.r,o,x u sm,,, a acnt,o,.n tro,,,,.
IT. t alluded to during TIC course Of The Inss.ti.
| gattou, was called by Mr.. Cloudy, mud testified
that ho fled the petition nrainst the GARDEN
f.tv to n1,eo f. IN bunkruptcv. fJc hal nevcr
slty W p'aeo =" ~ -, .'aa ae'se
had any conversation VIII Judge h1odacst out
Of court touching the proceedings In the case,
had poycr dopo anything improper In hin con-
ncction Win tho matter. ati didn't bol,cye sny.
"si "s',a ''t.' ~" ,,a !: Ose'e A"'
oots ''se nos'
Gen. Stiles undertook tho difficult task OF
cross-e1amiaihE tno wtnoae.r,tlttlc9le Tor tlc
reason tl'at thc rItness M was u!sposed to 20 Into
plantations wllisl' u 70 p9ssbe to 'Maet''t, and.
tn ahort. TO taik ar9nna ~ subject, ali but
rarely to u. 0eu & asi'es 'l nna!ly managed. how.
| cfct, W dAtFAGt Iou4 Hltli t1H stAteuenk t!A1
hc hau nover INFORMED JuaQd l'iouRets 9f ING
real att1tade in whlrh ,o va placed: lo hal
never thouEht iie haa aayth!ae " Withhold or
ANYTHING to tell: lle went into court "a IN at-
t9rnoy Tor pettlotinQ creottor. a'1u tnr HIN
alone, nti1 asked lot an otucr declaring the
Company baiiRTapt, wnlcli orsor was madt. lle
had never askea Tor or worked 1ot any orier tu
| coulpel TUG Conganyto !'e sefleiulc anu never
Intended to DO 30 unit! NJ went ont OF the case.
| lilo titdn't knnw tI'at hia attlfndo III Court u.
! W1fI4 lH& AOtupa19 u1ikHt W E2lIeu 0He OF OH
paront Hostility. Ills 1act OF y WIS, thAt hC
dll1't rcnrssc'lt my one btlt TIC petitln!i't,g
eale aoHAt anyop.s III t1 .netn. ng Was alao AZ.
~: 1istdII.w =. stari.%n1drr H. .i;.,n't lc' Ss
siro wny schedule tltrd,-jp fact, was dcslrous
tint none should bo Aed, although he did natt,.
| tnE 10 prevent u: ln lact. ne ones made out a!l