, 1879-02-06
JUDGE HL0DGETT.

The Judge testified Us follows, IN answer to
questions by Mr.. Gou,ly:
"Btato IL tile Committee ultnt interviews
you had with A. c: llcsnR In regard to t!,r
sale OF his notes unl klock of tho jNinois
Staat.-zetung Company securing those nuteh
belonging TO tho Assignee OF tho 0rrnaala In
'surance Company"
"A day or two prior to the 7th Of April,
l814.-and Ok the 7th Of April from t1,e file
marks upon tho papera,-Mr. llestug
and Mr.. Vocke came Into my chamber.
1cannot tx now by any circumstance the t!n,u
Of dRy, nor do know OF remember whtcl. onc
Of them commenced the conversation; but
soon became Informed Of the fact tut tlr.
Vocke, as Assignee of the Gerlnauln insurance
cor.panY, lad he notes Of Mr. llesing Tor
$i0,ooo ind s., ,o0o eash .eeurcd by q certificate
of iIe stock Of the Siaats.zttnsW Company Tor
TO secure tue payment ot MI. Ilesing's liability
10 a stockhoder In that Company, y,-t Tint
s'oc T. t1ey 1o,, T'F' That what M 9Fs Voeke e''sd sd
whether 1t was hy stipulation or whether he
had power OF attorney upon the Lotes, but III
some lnnnner he had The right,-to enter a1udE-
1.cot agalnst Mr. Mesnr, and vas threatening
tally 1nsolvcnt, tl.at Afr. Foelse knew It. that
the entry Of q judgment would do him {vOckc}
no good, bur might clnIarrass Mr.. ltcstug In
%s. sksSa k'sSs; 10 CT esrsa's ss'' l.t ws o H.
hls ananc!al embarsa.snen.s. Mr. llcsing
went into. quite lengthy statement Of
bis financial condition. lie enlarged, also upon
la ea ea"sys been s1i Mr '9os Veko. icaa tha hut % hs
had uicd him when he WIS young man s.ruG.
Cling for Ills position tn society here. lie also
alluded to hss own cllorts as publc man fn
Ind finished sosntwtat historical statement In
reference to his tlnanc!ui cmbarrass.nent,-how
l,c had tcoh reduced FROM a!llucuvc 10 povcrty,
- turned, to slr. Vockc u,,d said 70
fact Of str. llcslug's insolvency. ile rc:
piled, tn substance, thRt hc was not.
will say here that this was tho 1rst time l had
eyer lcarnea the lact that s1r. Tocks held u!cse
nefcr been disclosed tnn.r Ia any form before.
sati 10 Air. Woke in reply to Ills uAswcr 10 my
question. that is very important .po1nt. X
Mr. Acsng is ~ fart tnsolVcnt, then don't sce
what you would Katn by entering W Judgment
against him. You might complicatc the estate.
In Il suit for q preference you might e1nbarrass
| the Court, because It might ap0ear that thu
judgment that you would obtain would DO
| by Mr. Hes!nE's own conscnt to cutter iudE"
lncnt, II might ba construed to b. n prefercnes
unstcr the Bankrupt law. II the f1ct Of InsDlv-
cncy exiats an.l you know 1t, OF Lad been In
ter be called upon 10 set aside tho preference,
which Ybu would ray tllc Court permitted
Jou to make agaat'st MesIng., lie eonVctsa.
| to TO dono III case fotkt did not enter 1u4g-
| mont. stated 10 them that supposed all Alr.
Vucke cou!d 10 II lIc didn't enter Judgment
would b. to niake tho most ho could out OF tho
| ,,otes u,ul coltatcral. 4 similar question sas
then raised, presume, In reply to ny question
a. to tho value OF ihr col!aterals, Hcsing
Insisted that hu was lonclcs.ly insolycnt., iIu
ss,'s sasity was ii ~o1ti'. AID asked Sir. VoeKc
or ficsiug, don't know. wh!ell, wtat
this taats-Ztifuag stock was worth,
and my. rccoi!eetlon wna!d % that
par. ncsing brokc iu upon ATM at tt4at time,
and says, IL is worth just vt,at II Is worth to
purity to control the management Of the pupcr;
TO ~ tsider ! woald aye so!ns val1n; to a
ately, supposr, We pcopc On tits inside itra IL
very poor condition to buy this stock at PRESENT
a,n lnsolsent. My aon u embarrassed
little stock that 'ho bought froln tint
to time, u.la therefore don't think that YOU
Gun expcct TINT any Of the parties IN tho corpu
tier question then arose ~ tu the mctho0 u
se!l.n;. tile security. llestnG expressed rrua1
unxiety, as did MIR. Voclsc. Tint ,ie must stoulc
b. ontaiued for Tue paper that Il was loasbss Il
i think at N early etasc,-AAl ueadctt viii
Mr., Yoke to give h!M tiur; sa!d II hc rou!t
have tim IN lh!a ut,u upon Ls olicr liabilities
Us hs had expected and did then exIwct to cc1
on ILLS u,l1er ltabii!ties.-hc thought he cuull
nut blulsef our Ut hls financial endorsements
'Ehe a,,swer undo to tlat waR thai Slr. Vock.
had called final meeting Tor 4 dividend; thu
dc assets oI thu estate had peuu alreaiy Of,
taiued with tlau exception Ut this; tia
% Su bad sumo ssaio assets-sonis IN
Sso.s of; as ,at would @ % t. '1 saer
m.tfrr ~ forul-he dlln't eXpac