, 1880-05-01
B. Il. ALLEN,
The Testimony on Both Sides
All In.
Tho Banker Tells Of His Heroic e.
forts to Save the Bank,
Ind Explains thu Margin Certificates and tbs
Bushnell Transaction.
The Responsibility for The Banks Failure pul
on Spencer, ct Al.


The Il. F. Alien trtal was resumed ycsier-
day morning III tho United States District
Court. Quito II little audience WIS on lia1nt
Mt tho opening honr, and 1t swellcd In size rs
the day progressed
MI. CLEVELAND
was once moro recalled By the Government.
Consulting his books, he testified that Alle,is
call loats Nov. q, 1si4, were sA3t a74, and Its
. Individual account, s55,ot9. Ills private
bunk was Indebted to the Cook County M
t!onal tile same dag Sl5t,o'i7. Thu witness
failed to satisfactorily explain how 1t w!s, II
Allen reilly did 20 around the country bur-
rowling money 10 run the bank, lint his own
Indebtedness was constantly increasing, Ill
s,cad Of the Indebtedness benc tile other
why. 1t was his understanding that the nd
ditions to the assets were made to Allen,
Stephens IL Co., and not to the bank.
III reply to Il question from tho Court, the
witness stuffed TINT the ST5,000 item craving
out Of the Bushnell stock transaction WINS cur
ricd by tho Teller for some considerable ttlno
after 1t got i1lto The bank rs cns, aftcr Which
1t was carried ia tile reserve casl,. In reply
to q further question, the witness stated TINT
the Legitimate resources Of Il bnnk were Its
capital and It's deposits. II the capital was
wipctl out, 1t was left to to business OIL tts
resources.
On cross-eXnMlnatinn, witness Saltl ne was
IN error the previous day when l'e testified
that u. F. Murphy owed the bank some s4o,-
QUO when 1t failed. As to opening tho bAMk-
! safe. Allen Ind the combination but used to
4, Say he coul.l never open It. Witness never
: aaw lin npen 1t, atd thought hc NJ
d: ways opened it himself. Tho com.
btnation WINS clungcd III tho fall of
1s7:;, about TIC tine OF tic pnnic, but
femathed unchanged from ti'at inns
dowl1 70 tslc thy Oh lile lh!'uro hiu t'le a"se"t
Of Dunk-ENnminer Sphinx. Allen, Stephens
IL Co. advanced their ioans to the bntlk an
were secures oS tle Ge,cosa'Gu o,al'hc.
ino1tgaee. M lte ,'aa Mehtu .lt .A"1,. @ a's' a s"t
s'o,ooo from tho Charter Oak. llatt a lien
the M lnsttaton @ M W. wnnid I'D @ still owc @ linn t,,t1nS @
10 Ge hsake wlteSs s' ',Ina. Illal on t1 te >m =,
enter up credit in his tiAllcn's, account for
sGOuO0o, Including the Sapj, ,O0O cull-oan item,
though at the time witness failed to W, my
thing come Into the bank which could repre-
sent that amount.
To Mr.. Dshee, however, this same witness,
who |as rapitliy acquired brilliant repu,u-
I'm .t"to,t i,,ut Inn ,n,1 ,,ro.,,rn,i fot tho
'. ,"n .s" .,'.'s ~, t,'. " .',siua at
pahk tn.ongn nf f,g MS nerso'.nl seearl1'cs JUST
anout soou'o'' so '''"' t''o ch''s WIS
PROPER one
The Court reminded Mr. Bisbce that book
ussets into n hank. I1ouul,tcr.l
a. 1,ishno "',,;,,aJ t1mt ,,;,+ ,,,o,+ Al, "a
ht' p'spee "oli!sle', t!l'.', out we!'' on ~
by tc "ntsv sa ~ eas "cinIv M
advanced to the bunk from Alcns private
resources. .
Gen. Leakc sail he desired TO recall Mr..
the Government Ind closed Its case.
MIR. u,sylE pl,ocEEpEp TO MAKE HIS
t1t.EyiSn
address tn t1,a iurv' Tla host n,rt,on of Ills
i u.c5s ~ @ oi.e 1"ls' nu ms1s ~. .u! ~ H.
SI,mS Isa Ms r. , II 1's,scAi r,.,,s LII u!htc. i,o
.ntr~ ho,,en 1es' al nas nim.s @ ~ nn1
.Allsn wus o,nbitious to , Cec11,ne ~ civ civ
nhet. 1',s. H1%spilalcnan LILY ~ ~ "aH ln'E!e.tt
County Nutioilnl. hitherto watched nyor uild
]ursed by d, ID. Spallcer [xluiIeY from