, 1879-02-06

HtplAft4 Ru0 JaueG U41Ehf"
II do not know
THE SrAA'rS-ZEtTUN9 STOCK.
"Upon this matter OF tho sale Of the Sfadts-
Ztitung stock: II remember, you state that
lIesin9 aud Voeke catuc to your chambers. and
lIesing, ~ well ~ Vocke, expressed tile destro
Tint the notes should bring all they wcre
wostni'
"lIes!ng expressed tha. and Woke too.'
t.Did you think those expressions On tile part
OF 1Iesing wcrc Eenusneff
nnv other belicf."
..D!d IT, nut occur to you that the meaning os
lfeftug was 10 get bis notcs Tor as I:ttle ~ hs
cuu,d lct them fort''
''It did not"
.U!l It octilr 10 you that TIcxing was there
for te purpose Of getting t1mt stock uuacr his
own control ut as low figure rs possible"
Now, Mr. Woke said In the course Of that
conversation, rs you remember 1t. when Rake'l
wha the thought was the value Of Tic Staata-
ze tnnq s.oSk, That lie thought it ought to b.
worth unrt''
" think he did, att"
"Auu Voeko has niso stated here to the Com
miltco that he ut that time said iiat he htmsrff
was tho owner Of sotnc of that stock, and gava
The amount OF the dividends Tint lie had re-
ccycd thereon. Ii that according to your rec-
ullct:tiont"
~ H3$G no 1CEJlltEllAH lCAL uE Eaf4 LnG
amount OF dividends to htn. nnl don's think
liz has stated It tn the Co1nnlttsr."
"peshaps nlay be mistakcn. Il ! nm y Will
correct itself. DO you know of Focke retEact.
tny the atatcmeue ihni lie thought tho stock
WIS worth parf" .....
" tunk back TINT statement"
-" did he ever, 10 lar as you remember, GtYo
sny reasons fur any different opinion cs tu ths
value Of the stockl" .-.
"llc did .ay this when iln bronght In lls re-
port, that he foun>, wheH he came 10 feel Ut tic
,nrket ,!,a. it was M entirely different thing to
eet. irun what lie l,nsl supposed It would be-"
u Your suggestion WAS TINT he visit persous
dealing In that class Of securities a''d that WA
YES, sir, tho express prder."
"pnl liz visit ;any considerable number Of
pcreola who tleal III that rIass Of accnritlrsf''
III .iont know how extcnsisaly ha visited
VI !! mean US ,,, Indeed by the answers to h's
II ihink thc report ssa.es that bo sent ont
circulars, and received answers fro;1 tho follow
ing nfcr that s,s rs'lt .'ut c!rruIart To others,
but only the respossses Ut thoso wcre atsnchea
| who nI,sWcred."
whish i. waa sni'i, -4ln arcorslance win ll,e
order ol tic Gu.irs. Ee lad circulated
ar,ung y number Of bankers and
ss.p!:al.sls !e!ters concerning liz. notrs a1A
| sctuytty MD received frun guyc1al atatcnlcnta
! regarding tllrir upnun Ut tl.u tafue Of the
htosk u,ni containing bids for tho same, whilo
| t,,htEs refused 10 nlako lids, md statrtl III
| writing tin Ir reagans tfvEc0r. All the answers
| rSrryed wcre as fDltoWa.'
aAmons thoso who answered, y said Witness,
"wr1e ururse Schneider a.ai ". +. Cool
baugi,." ~ ~,
| YOU read his letter, In which hG SAYS, atuong
| other tlluss, 'Dut INV opinion Ii t!al II yoa
ruu sell tllc.n at ~ cents "t' thu aolar, u1'Acr
tlIt circumstances, TIC sale Wpulu Dn good aHu
| iutriauA U,Ic ~
II Ind sc..l lat letter." ... ..
''tlau yYu read tin lettcr Of Schneider. tn
whlel! ~ saya. among Other sl''nEs. ~ ise!
li,s lrcsGnt embarrassment VI lltsnE. thu AaH,e
hul,It, past due, haye no sperial u'a:kGt valus.
| Viii tlss yalut OF 'I'u coatsrals / srn not &C.
| uuututcl, AMI lrciinn 10 rurctIa.o W
"Uh, yes; read all thosu Irttera."
HsYn4 II taet k,ln%l, u )ul, nj llu ttIne that
palkess lid not crncrally drs! In oyerduu paper
-sta!e papcr. ~ ,hs. s!'l ~ w.. ,,,,,..
wouldn't buy overdue paper unt II wouldn't
telcl, u much " llew paper not vet u,aturea."
"'t!tse notes uf iie'!a: were ans i, tour ysars.
wuil.! be willing to parcl'asu 'hat klnd Of
pA"iWs p""Well, whether It could be reasonably ex-
ncetcd nf not. tl'r .lslenma ths, Assigned WAS
.,ia.rI III VIVA gct all tle could fur It bv such
intaus a. Iay III his n'"cr. Rlt1 then l thought
,lat hs duts was discharged. didn't expect
that hs would srt as 'lItsh iur u " hs would ~
due, aud tho srenrtty bud been hrst-class,
hucf, a. usually goes With commercial paper;
Mcun such u nauksrs USUALLY taks-ralIroAa
stuyk o. hank stock, Or any oillcr Of what ars
known IL commercial storks. / supposc1 tllt
Ast;xueu tuust accept ttlu situation uB1 dD tho
l,cst he cou!4 lle Gould not make 1t auy Dstter
than It was"
"jn svYrra. Of these letters II Il ttatcd that
tbs writer's Of tl,tm do nut deal In that c!asA VI
securities, Ii It notf"
"WeaI, bG!lese So" ...--.,.
"Wus it au.gvstea BY Mr.. Voske: that = sals
Of tAta s;aats-ketany stock n'xh: possibly l,s
Iuaue nlnnng 4one u tie poIttIC1ups IL ll'e city
ut stats who iliynt be assrous vi having II lu-
tueuuG Ia l.It papers'
siAt t!,v Tins Mr.. ruckc returned hls report
Of his elfurta tu sell, | should thiuk tt!aa sot1s
uuc4tion was 1siscsI-l tnr1ct whether maI$
,hu stateInenk us Mr.. Woke nude lt-that !
dk.n't suppose anybody would buy i but l<'it.
tlc.aus or that lle I!du't sYoposs 4nYeoaY would
lluy Ill have fur.uitsp hoT the auestloa *As
sug.rsteu, ,--aud that probably usey *eFs leo
| uuur.h ...........- -.- -,
"lias suy e1idencc over como to Joar kuoHl-
ed.c thar III application Nas lnadu " Apy polF
| tltJ.u to purchase tbts reoekt'
.WelI, Sir. Ilrhul was louked Qpon palt-
tEciau VI la4t tne.
/" Aud VERY ultimate friend u Eestue'st'
.4Mt. Cooilaush WAS ! very esstss tsIiticlaa.
Capt. 6eLucider MAS pretty Rte1aaasai p<l1ts