, 1880-05-01

L
their hclng issl!rtl.h
.'Who Issuetl the,n?''
"j1he ,Ilncipa! portion Of them we're is;
Sas. ',,,a sy Mr; c''velam'~tho principal ones
lMring September and october were yo,
md md pn1ttins It into tho bankqHh nix h''S'""' Ds''''
,r'' ~ was receiving large amounts Of money.
house Of \ Aleit, Stephens q co. to tic bank,
from my private property"
"wHAT WAS YOUR runipsE AND OBJECT
IN TrIAr?"
"The purpose anil object 1 had wns to
curry tle bnnk through md make It n site.
tale money ia .lo I'll nIen,l tho property"
"1anw much did ynil ratse for that hnnk
nat 1f your personal assets Iii the fall Of
II raised, suppose, one way or another,
fnlty mi|ion toliars tl,at c.,no Mto Hiu; ihs
hank.. sent forward n larger s,lin oY sectlri-
IT, tlcs u, TIN" th"t FROM Des Ato!ncs and other
Whit YOU appropriate all-cvcrythtng Of
SSaf Sak sS! t is4iFa 'st"tc-for the benefit OF tint
Yes, nut everything Ind III jeopardy
TO ;n ;nve tl,at bark. Instructed my cnsher
81 ss IL or%r sS cvsy s,siS" III at tss't Soa ' Ia 70 |"
rnise money OIL. sent everything forward
went to New iork III November, mil oM tho
~" ~ FMsu & 'tr.stMsn. !" A!len. StGniiens ~
inatn to the ballk Of. all tho rral property
ittl lit every rlnce-lown md everywhere
clSe. Az these VERY converted Into easll BY
GA''ff; Gf os SstsY|ss q es ssry S S; T!S sF"'se tho
"ilave yo,i txer lad S,iy cresiit for TINT cx-
ccpttlle $500 900 TINT sou not Nov. % 1912"
,hinr nrn1s n,Mt Is tho only credit TINT know any
when you learned tho number Of tho
i.ni margin ~, certificates outstanding, what did
After found this continued Issue of
eefcrtieHtes, ef :lfsestet them to by charged to
TINT fur tho rct.stal TINT | considered laAtl
been sending them enough money AMI more
too to cover that l,nlancc:, THEY were. charged
up tn that account and disposed .Of."
dollnr OF tllcn"'
"Not to MY kn0wletlge."
Dtdn't ynn through TINT means furnish
the SaMk 4y Wit' tho face Of those ccrtlf'eates
Further aloig, Allen satl t,e Ind
FULL Authority FiEost THE E1nECToras
to lsstlC these riArgln certificates. Over
SD0, 900 came forward from Allen, Stephens
u Cn. after that tine, for which o ntl tlcvcr
received credit. ~ t. thu Murphy, pnper, It
Ent the benefit 0t It.. lie lad the vnillt cDI,-
binat!on himself, but never trietl to open 1t.
"Dlt! Snu Intend TO- ninl'c good any loss
tt4 tn @E t Il @,isS vs out y 1f pcEst t9ss narn eer
'I|e Hrlcstinl Was ubjgctrl to md tile Court
ruled It out with the Significant rc,nnrk, ~
don't think the question II admissible. Tho
,..1 StsTs sti WnS committed When to certificates
.: a. Robinson, Of Des Alotncs, WINS sand
wicllcu In i,s achnraeter Witness.
Gen. Lenkn satletl IL Oil the cross-exnnllna-
tfOh. Considerable time WINS levnteh to re-
viewing tho alleged cxcrtons 1tasu to ralsn
the money which was put into the bnnk, after
which Gull. IAake asked tl1a witness linw 1t
was TINT all these sums ffailctl to hold tho
l,aMk up n,ld prevent the tinnl smash. Allen
replied that tile trouble WAS TINT
Tlrt: cArlrAI. WAS ALI. EATEN UT,
md more ,tot-al'snrhetl, will, n largc ,nrt Of
tile depcslts In taking cnra Of this bal paper.
lie furnished n!"ut all the cnpttnl thoIe wns
IN tho .,ht,; l1use Of Altei Stephens ~ e. i
simpiy put IN thcir skIll. " H. hid I't: i"aMei
tlclii sumo bonds of the Ch!engo, Kock
lslart Il Pacific l!ailroad, on whlcl, they bor-
viii the,,!. omtsils Of ills lis Ie diSnt ku"w ]
uf nmy other capital l,a hl,l furnished them.
Al'eii'y knck Island stock transactions
with l5. F. Tracy, known as tho old Rock
1slnrd uchl, was gone iMt0, AMI the Witness
cxplalnMl how lie haA sent OH, The bonds,
which llv hell In 1Own as Receiver for ati
old breken.tlown rnilroad, to 'rracy, who
speculated on them ind returned them subj
hc placed with Georgn' opIykc & Co., but iie
denied that he WIS ever unable to return
the.s. ue knew just wllcre to put his hands
Gen. Leako read from tic evidence in the
poilderoMs volume Ut estim0ny taken In tho
lown civil case, but tic defendant couldn't
recollect wlether le had nlatlo tho answer rs
there recordGd.-to-wlt: that his indebted
sss sss' Il !? I'll pa"S pSssasss wa' y 9ss ssa
paid In the Receiver fund, wl,nt he llad paid
oi, account Of real-estato purchases md on
se o. drafts r. % from to Dss o{ss s 6a"k, TX % the
whole Indebtedness In the bHnk being purity
by overtlraftS: from tho Des Mnlncs hank md
probably BY his. own nyNrlrafts. There his
memory rAtl1or failed linn.
Gel. Lcake struck
i A 1sICn LEAD
when le brought out admission. after ndmis-
sion ot losses III various surts of speculation
before 1874, all Of which tended to endanget
The story thas ta all ,a S6 AllSns n money Ted
tionGa! M VI Bank sisye. Among, THO ~.
admitted he Ind made was one 9f $40, 900 for
canada af Southern stosk s%d ,.a subscription Of
pss sioil!cs @ sio ooo % to ths . drana Faclile il,
lI0tel, md ab0ut S:I;, coo In Toledo, Wabash
Y We*tern.. besides nll this, lle lal invested
SlIo.uU III HIN lJes AiH!lltS residence, WllIelI
was still there, unit $4,000 ln house OH
Prnirin ayenu.:, tllls city.
Gen. Leakc figured vi, the total Of all these
apeeulatioms ut $l,a00, ,000, bMt tho witness
denied that tho amount wis correct.
- On the redirect, Allen snll llu took the
Pra!rio avenue house. Of .. s.. 1iough OH q
mortgage and charged himsclt With SEQ, 900
oil tile books Ut the bnnk. Ho turned tile
property over, subsequently, to his Assignee,
md the loss WAS out Of his private fortune,
tho profit gDlng to tho bunk. lii nil these
speculatiuns DO hns! made mara than he lost
aud IT liz Ind held on TO tho Cullatla South
ern property ho would have lnadn $40 900.
| The question Is whether liz lost it." re-
marked tile Court.
."Tho truth IL. Vanderbilt squeezed him d
little lust nbout that time" said A1r. Disbco
| lin,tEhter
=" Ile lost The money, though, and It didn't
20 into TINT bunk" said Gen. Leake, as Q
clincllcr.
| II. +. alUllpHY
was called, and testified that Allen had au'
taDrlty frnm him tn Issla certificates, draw
drafts, mud do "nMythlng tl,at was for tic 1t,
tertst Of tho hank" liz hui 10 rec0llrctiol
Of u. i. Murphy u Co. owing tho bunk wllel
" failed; didn't pretend t1 curry thesu things
| l.