, 1879-02-08

,, ~ adtl'ton to the &?oo,na1 which hal been
sto'nl that there MAS atock lIahilst7a"
That question WAS raised. l never was
fully informed about It myself"
The *tock had never been paid In foll1r
"Ihe 1900 0NI included the stock notes."
How mich were the liabilities OF the Com
panty,, Al they have finally been determined to
"Ahout &sDooar
"Ycs, SIR"
"D!d ,yo, ,ss, bring any claims se.fn.t The Com.
p'ay Il 'd 's e sttcr i's n.s sn, II ts2
stockho1der Of tho company with sefcrruce 10
| III: prize that these claims wcre worthl''
| ~ did; with Lawrence BcaEdslcy md John
c. Dotc, the Prcatdcnk OF the State Savings In.
atitution."
"Whnt did they tell your' ....
,"Bcatdsley told me (thts was in ts71) that tho
dollar: Dore told ms theY wcro not worth 10
per ccnt,-t',at they were paying 10 per cent,
and si'at W: moro than they were WORTH"
"I "Pia IA {on o.. 1s, Gny sny cla'"'t"
For how muchl"
Ten and 12 cents.''
=" l}o you know what general arrangement the
Officers Of tue State Savings Institution uohn
{. Dore)nnA John e, 1Iatnes made In 1872 with
reterente TO l'uyInQ these outstanding clatmai"
h Elm ~ ls,:, IT,; y do not know that each ~as
AA euo aFliflE u l3fGJ 10 you kQQH WQ8$HEf
there Washns arrangement mahc3"
There vas an arrange!nent inade then With
the State Savings and John q. Hanes-1 made
40 arrangement wiz. the State Savings to buy
claims. an,l John G. llaincs was to contribute
Ills sproport!on-onc.thlrd, md the state savines
WAS IL impressed upon you bv l1stnes and
the relation tic stneo Sayiuus and iiaincs bore
10 thr t,nnp1ny as to this large liability should
bc carefully conccatcd from the publlcf"
"tt wls.H
"Wuh whom wcrc you drawn into conpecstos
III this matter!"
",tostiy with John c, Dore.n
Were you viii, Homer Cookt"
" Sut inticI: eumeWi,at.H
"Wcrc you wtth Il. t. Smithin
~ was In the firkt neRntiuttons,r
"Werc ytnt with Bcckwthtn
"Dhly haA one or two Interviews With him."
anr c>tlntr of The yal1te Of ihc e1aiusf"
II did, That WINS tu the drst aunrter OF 1874,
estimated tf1cr were worth II cents"
"Have you bnsc found out that was uu.
"Ycs; they wcre worth about 30 cents. /
bought at II cents, aud Afterwards raised The
"ilow many claims dhl you buy up alter tbt,
arrangement was tnalel"
"Atout 8l:O.GND."
"What was tha reason given you that tho
connection of John e, llalues utnl the State
eavHEs lnstltution a. stockholders ot this
7ANNsA W %Vn%ta&CA AtNH4 Lie pDllEf.
ho1dcrsi"
"Tha damaging effect II might have on the
iatercals nf il'e banks With which they were cot-
dent Of tho Fidelity Savings Bank, aud john c.
Uore waa president of The State Savings uauk.''
"Dd you at times hare difficulty about the
saakr9ty ,s prosssdins being prcssed' WHAT
"Wcil, they we're afraid ,hat they would bo
prctscl to m adjudication 10 bnukruptcy. and II
Tint should 10 tsone II would bc very disastrous
10 them ., n.'4 & to i''eir banks by Masking run
banks, breausc The parties intcrrstud In the
uur.ien Cts were tntcrestcd also IN the banks"
III the bankruptcy proceedings were pressed,
their connection would 'ncunc public. aAd that
"ies. sr.a
"Ani Tint is what lfey particularly desired
AYES, sir" ....
"At liz asmc time they wished tn get IN
'hess rln,tn. u Us cheap prices As they could~
"Da sun ever have any talk with anv Of
thrse gentlemen abuut what arrangements il.ey
i'a,l nude to have the bankruptcy proceedings
"lile.c mottons Tint were ,na,lc IN the Bank
ruptcy Court we've knowu to nr. nfld they wese
matters Ut discussion. Mr. llants Hrtt Mr.
Dore lnth said iAt M far A. lint was concerned,
Sir. H. +. Smith mud llomcr cook controlled
thai"
"Diet they say low u,cy controlled lit"
"'rhrouyh Julgc iil.n1Ecst"
AWE IL ipTio "''p'
,.;uS rns .",, o., ,,,,- ,h.,, .,x a,o. - IT,,
,,,, m t'.t, ea ' ~' 'J 1'~s w naofo taAa
""t ~ ~ it",',,. .,rro ,r t,xt,. a,..,,x a.,
T., H.. ,,,,rtu% ~ ~ t" uuag tue pen
uGeT =. ~. ,.s -. e'as, a1 onee of twiee
alss tns v. =, ,,s w.I uosut ~. aha WING
Inn r. lure vii, wi,oInf I'D imn.t of anu nv 1, ,
"pn,s 1.t - ~ H., .,mIr's = "Ao nost VI Ay Ut
1o1Li. 1aal!1 ~. "",a. .,,,Ia...s, ,. .,..,
sustained To Judge Btodcctti"
II iii mi. -
"l}o you nowta
III du uot,-uo, efr: I dp mt Inns. that
t,,r ANYTHING nbout II, exreuI shnt tIay 'As 49,
friendly with tl,i," o' -A'
"Wei1, now, take for ipstsnce Nfssor,s claim,
I,re When he sturtcd these nr.nr.nfntra Mi
waa rolnv Il, p,ltA you To Ola sIr,intrs via.
wuuju you dor' "t
swell, NC had considerable negotiation with
u,rnn,n uml S[sarn nbnrt tn,vin.. .o s,hn,
clsit,s they lad, This wus w1,en ,l.rsr nr,ccsd.
ina wrrc started, Wr rnaio tcTms wi,n ss,."n.
=