, 1879-01-31

Alter consultation, the Chairman announced
that the Committcc would presume Judge
The further questioning oi Nj. King on tlc
point ras, therefore, watred. and be left The
stand.
HENRY GREENEbAUM.
Mr. Henry 1reenebaum was next examined.
lie testified That lie had bcen engaged In bank
ing, and in 18Th was President OF tho GarnAn
National Bank and OF tho German Savings
Bank, and MAS connected with the hnuso OF
0rccnebaum Il Co. lie had known A. c. Has,
ing upwards Of twenty years. he remembered
writing letter Offering 5000 for the notes ind
eollatera1s Of Mr.. Hcsiug, nnd he got the stock
and notes on that bid. Tic note was delivered
to AEr. HcsinE. and the stock Mas subsequently,
delivered on The payment Ut the amount Of tho
bid. lie wrote tho letter making tue bid at the
instance OF Mt. 4. G. uesnE.
On cross.c1amtnatlou bY Mr. Goudy, the Wit
ness said the stock WAS delivered At Ills place OF
business during his abscnca to an enployc
with whom he had left inatructfons 10 pay for
the stock II he received In on iiii BID Tile stock
was there for sotnc considerable time; II MAS not
called for. ills wife was At t.,at TINA stock.
holder In tho Stgats-ZetHng Company, aud lsc
held as collateral in his bank some Of 4. C.
llcsing's paper md some Of Mr.. rtetsch's pa.
per. lie regarded S. o00 as tho full value Of tile
stock to any one, except II might b worth moro
to Sir. 1iestug. II was security good deal
like Chicago suburban real cstnte; they might
put values on It, but could not get money for
It. When Mr.. 1tes!nR called on lin to get him
to make bid OIL that stock, he (Air. Hes'nRl
was willing to take the atock OH bts hands At a
higher figure; hut he tMr. Nreencbaum| ~as uot
want tc stock elt bis hands for that ntnosiut
Of money. Sir. Ileslng was willing to give as
hen "a 10 PCT cent, Which, ou the face ratue Of
lie witness xas not willing to bid more than
+ ap.wsr to The Chairman ~ ~; arseoeI.um M
Witness estimated The value Of stocks On the !.
poration above It's Indebtedness, uposi It's franz
chiscs, the amount Of lis liabilities AMI re.
sorsss ts management and ,lc annarest re-
pans Ut TINT time was heavily indebted: It's
prunerty was worth Sloo,ogo, AMl was mort
gagged for That amount. lle held securities
nesotatea rnh .s United @ sata States Mortgags s,a
PCT cent premium, % .hat IN snrEsocy E t. rou!d
have amounted to more than s'S,og., ,,.i Iae c9m'
lcsing's rcason loI Wishing hl',i 10 nu LOT tn's
stock WIS that nc wished, II foas!nlct 10 nave INC
ln,tcal To hs personal iniefcsts 50 tllas nc co'si
have ~ opportunity to buy the stock again for
hls own advantage at the same neuIg;
In answcr to Mr.. Lapham, thu witness SAIL
that III. Hcsing Wan pol ti,eil IN fuch ., sitcm,.
stancca that hc you'd havo saken hls personal
security for faNo' aslde from personal % Gonshl,
eratinns. lie was TO hare the slock deliYercd
70 n vy Mr. voeks e tsgssa les ,hs s5anias n,
s:e ws S st fys .sa. @ ss ufse oos To- Sst ~ ws %
mt ut s1 certain that y WOULD take lllat cgaras.
Mr. Culbcrson then took the Tisnesa IN hand.
us foilows: at. ..-
be so!dtn
"3ir. flcsfug called on mo and told me- that
for that stock" .--.. ~
s'Is that the first tntimation you ever had
OF n
"Thar rccoltcct distinctly. waa myself
somewhat acquainted wish tint estate, md with
the Ger0lnnia estate, ho" they wcre put on tue
market to bo soll+" -..
"Wcre you q creditor OF the uortnaofa lnsuf-
ance Coupaoyl'
"Ycs, sir. had sons interest In the Con-
oany ~
"'ro wlnt cxtcnemere you creditor Of that
ComPanyI' -
"Prohably $l0,000; the dividend was very
enall.''
"Dii ho tell you how he procured an order
| to haYe that property sold I"
| mo. sir, ile did notth
"Nhere did y01t tncpe lim when he gave you
tint tniormat!ona''
''He called un me at nv Office"
What was the proposition tic made to you
at that t'me1 Did he make my proposition ~
| Tile had u conversation With mel
"JuBt answer tho question. Did hp make
you propositton In relation to the purcllalo Of
lhat stocka'
mot ~ could define II; 1t was not propo-
| ettion, rs l understand It,"
| ~ will put the question In this did he
I not uak y0u % friend tu buy this stock which
was to be so1 ty yocke at private aalet''
"Ycs, sir. ho did. waa banker, doing
large financial business with him."
.'Dtl hu not on that occasion, or on as,me
| otlrr occasion. iutusm you that fla had taken
means to sce other bankers in tho city, n,ul iiat
| he WIS sntjalel tlmt ho could ContFUl tho puE-
cl1ase OF that stocki''
II believe ho, told me TINT there we're ether
| parties bidding on that stock"
"That don't ansscr tho question. Did ho not
.cll you at thn{ tne that llo had taken teans to
| sec other bankers and business men oE tho city.
mud that lie could control Tie purchase OF That
stockp'
II think not" ..
uYou haya no recollection about II, have