, 1879-02-04

Hl1+t4 1JfsIA II
Witnesses for the defense WIRE then called.
Tie first Witness put ul,on The stn,nl Was Gen.
Joscpf T. Lcake, who etatctl In answer TO Mr..
tiouty Tint In 1874 he actc,i rs Mr. liesing's
attorney, and wns present on tic 11til Of April.
1874. before Judge 1ilott1ett, when m order Was
entered directing Mr. Woke, as Assignee NJ the
Gcrmanfa Insurance COMPANY, 10 sot!cis bids
for the sale ot tlcsing's !stnais-zeisnng stock.
lie prepared TINT order himself. There had
been some talk Ii the office nbout tho manner
tn ,rhfrt, ttos ..fo ,,,,a ,o ordorcd to In made
asa M,. fe:'ns came IN anu fa''l ne wa. m
formed, or kncw In somc way. ihat Judge Hlot1-
gctt would OH TINT slay make an order with re-
iatfon 10 the tttsnntit{uu Of Tint Stock, amt
',shsu ~. ~ "saw ,'e oF'r' " nc neys' ~" .s'
Assicnec's rcposaHnous Mr. llcsi'S's c'rSath.
staucca' sir. Eocka talked with lin several
tines on TINT subject, and he rayc lin suci. in>
fns ~. tf,ssu" ~ s.. ~. -.,,s. s,s.,, H.. na,.-
nr M "r' nesing To sief' sct'ne ior!h MS IMAM
eiat eonaat'on, which he UNDERSTOOD was 10
he used in connection with this tnattcr II,
somn war. anti vn. nrnhat,ir Ia In sht,yn to
1r,,ro nia.,.,. W., ti.,s ,,,. ,r,to. w..
o"aIe 'ouss1t ~ sn' ,1M. ~. ~, s'u1. 1, "a'
cntcIeo' INC wthess, Ms. socRe, Ml' l1cslhE,
Mr. Hibbare, nml Two other gentlemen were
present In Judge Bto.,4ctt's calnt,er. 1t was In
The .ftcrnoou. nhout n o,c,ock. Tin ,,r1,on ras
r.t.,n =. ,,,1, so,.. ~ n.,s,a.t, hn .,,rna.,
".l''as ae "'es "e''' II" "'''t "ese".5 Nv t.'"sa
II. eea! ,ona fso hs aeis, " 09xg .ns as
| Indefinite EXPRESSION nj that klul 10 opcn tho
| h,.tnc.. 1,roson,1r In o.tot tfr' ynctc win,
rn1,"r ,," h., ~ .,ass.a1 ~ s,,, A.. vna,a ~
money nc ma 10 recommend n,'i mr. Socke re-
piled TINT he Ind no pol1cy whatever except to
enter up Judgment against Atr. Ilcstng. Then
| the conversation wrnt mn bv The Jutlre n.kint,
n hc crncr,cI - ro,t,yc - onrthtno fror, e ,,e
| Judgment, NJ Foel;e said substantially That
~ knew nothing of where be coulu levy tlIo
9seemt, or % st'l,est II, hnsre was !'len ao!ne
sntd ta, as ''c undcritoon, slr; ltstsng's eond!"
1ioI', mere was no poss,blllty oi its being CO..
lectct IN my woy, n'nI that the best wNY Of ois.
nos,ng o. ,a5 M stosk ior m ,e avaneo ! Q, + ~ T.
y soltciting blh isotn sucll PERSONS ~ tasuallv
dealt IN that sort Of property. Witness thcr
tatti, "t!udEc, II tnferstans! yol correctly,
th!s or'1cr" md ':.n'cl + o'hc',adgs, who sa1!l,
"fhat ts nbont wl,at mean:" The first to
.uRgcs. aleN'sing ot the stock 10 t!ls way w1s
3nuEc h!oslEctt. Alter tue Judge bad concltltl-
70 thc Clerks Office m! left with tic ynnc n.an
WHO had charge Of the banks1lptes matters. i!e
dla not know whether lte or air. vorko took It
iierc: Losing a. taat tlnlc was absolutely IN.
Whit might 10 realized frutll tho assets OF the
Garden city. Manufacturing u supply
Eotnnany, which At tlsat tInr Ind hcen about
t5se 1e aour s,,'n 9, ; ~ Neg"i
ur:.. Sir. ltesinE had been tfec prfnvfnaf stock-
| holder IN Tho tiartcn CITY Manulartnr!np Il
supply Company, which wasa cortasatlon Tint
! iad lafgo planlng-mEl' :n TwcntY.sccund mnl
Morgan street, md was liable as indOrscr on Its
paper 10 the extent Of about 4190,Dco+ which
was secured to him by third tnortEage on
b1otk ~. THO COMPANY was put Into bankrrpt-
cy o1, the 18th OF December, lSHa, rhcre wns
HlnH In rE}H1lifftEN Mf. frE1nr Tor b1a
tlAt Company Except thr general dividends to
Lo ma1e BY t,u Assignee, nnd that block 6f
grcunl: Witness was bctoro Judge Dlodgctt
With reference to the nt'airs Of slIat Coainany
md W. Ilcstng's general linanctnt condition
probably every day .nr two from the Eth
Of December It'll shout tim tiMc
this order. was nnIc, md tic main, object
Of preventing Mr. Focko from entering ZIP
Judgment agnust Air. ficatng was because 1t
would Interfere with an arrangement Which maA
being natlc with Tho creditors Of te Hardcn
CITY manufacturing t. Supply Company on Sir.
IlcsiMG's behalf, Anl BECAUSE It would affect
Mr.. IlcsinE's credit tcnctniy. His condition
ut that tlinc was known to all tho creditors tlmt
were interested IN hta a1ialrs. md was fully In
to Judge lltmtgctt. Wit.rss ncfcr unt,nratooh
tlAt thu object OF this nrsscr Ut tic It'll OF April
was to cHnblc Sir. lletlnG In tUY The stock NJ
Icss than its value, 1t fas u matter Of conf
stock VIVA sold that way Or At public sale. In
ethcr .Asc in exprctc! RoH,r friend of his to
come forward and BID IN such n way Tint II TO
ever got a6fc liz would ho permitted
to buy It back. WItnchs did not know
nt tint time wfat tic condition Of tho !staata-
Teifnng Company was, Or what Was the vnue of
lt4 stock. lie hni1 recollection of being pres.
cnt when t,lu order llist was cMicrca In rcgnrsl
Ia the snlo Of thu stock, uar At my interview
about this business ot tho tlcrtnan!a Insurance
Company, though he might have talked with
Judge nIulyett about It at so,,,o time or other,
At the time The nrler WAS entcreif, ZONE Rtg-
Evstion might hnvc BEEN Iandu l!mL It's e!fcrt
Noutd he to t!,rnw Air. IErAspg into bankruptcy
Mt ttv. 1t wMs freely salsi tllat it wputl be nh
sotntclY disastrous 10 MI ic ever hopeu IL 10.
without doing any good to the creditors nf thc
tiermnna. lie nGycr saw A!r. llcsngs t,utts.
a,nl tlill not know II they Ind tISrr of nj tor
nry attached to them. liz Lcea,I1c Air Vtrkr's
partnur uu In. lust of Marrl,, 1911. Sir. Woke
wus Assignee lung ttcfofc t!laf, nsnl everything
was closed up except the liability to c0l!cct
unlcr thls judgment, Which wAs then tlcpcntl-
inE on tho suit at Washington. Ilc lla.I 10 In-
tcrcst whatever In that business.
Ou ero,scSa,nsnation by Afs, Cooper, witness
sasd he wns never consulted At oil iii reference
| 10 Tho matter Ut Mr. Hcsing's Indebtedness to
| the Assignee Of the tjermanta lusurattco Ctm,-