The daily gazette., 1880-11-29
get away, paid nothing for the land

get away. l paid nothing for the land
and got nothing for it.
Mr.. Lore--Did you consider IL fair
dealing 10 put IN paper of record n
valuation OF SIC, 900 on land you did not
think worth anything9
The witness wanted to answer this
question by q statement, but Mr.. Lore
objected to any statement outside of a
direct answer, which was not given.
Further on witness said none of the
present officers of the Company had any
connection with IL then. de had 10 in
tention then, but of organizing an hon.
est, bona fde Insurance Company, and
none Of his acts, including the sign ng of
the deeds, were done for the purpose Of
aiding dishonest organization.
On redirect examination Mr.. Money
said he did not pay for the stock he sub
seTcled to, nor was any stock paid for.
Mr.. Bird desired 10 questiod him In rela d.
tion 10 the mortgages executed on the
Pennsylvania land, but was overruled as
1t vas not in reply to the cross s-examina-
tion.
The defense offered In evidence
Moneys deed of conveyance Of the Kent
County farm to Myers, aud the mortgage
executed by Myers, to the Insurance
Company. The consideration named in
the deed was $4,000. The mortgage
WAS also for $4,000.
Recorder OF Deeds Gooden, OF Kent
| County testified that the mortgage OF
$4,000 on the Kent County farm was
executed prior 10 Myers mortgage, aud
has not been satisfied of record. In his
! opinion the value of the land mentioned
In the deed was about So per acre. There
were 446 acres in tract, and his opinion
IL would not be safe TO loan more thar
S., 900 upon it.
On CT IS examination he said he die
not know wha. this land had sold fol
previo rs TO its last conveyance, or The
galue # lsnd In that neiRhborhood dur
ing 1875.
Mm. Wilds, Sheriff of Kent county
du:ing 1s60-70, testified that in one o
his sales, a part of this Kent county
tract was concluded, 10 acres selling fo
S32, aud l65 acres at Sill.
The Chief Justice where the propert,
sold was loca.ed.
"About Canterbury Station" replied
the witness. al knocked part Of tn
property down to your honor"
There was quite perceptible smile q
this.
j. II. Hoffecker, Esq, said he had tn
tract sold on the 18th or 18th Of July
1877, at Sherif's sale, and bought It i
for $1,000, subject TO a mortgage OF So
900. A. that time property was M
bringing very high prices at Sheriff
sales.
, James B. Henry tectified that he su
ceeded MIR. Money as President OF tf
, Insurance Company, and continued
. he position from Jan. 1876 to Jan. 1917
,, When the Company removed to Wi
mingtcu he resigned. He said one re
-Jn tor his rcsigniDg was that they cou
: not pay him salary enough to 90 TO Wi
mi lgtcn, and another was he did M
wish o be associated with Mr.. Bright.
Mr. Lore objected 10 thus testimon
bat Mr.. Br .ht requested him to allow
, TO go on. The defense, however, d
not press Mr.. Henry further on th
I point.
E Mir. Henry was then shown mortgaI
s ou rho farm Of James GRAY in Red Liz
hd, l42 acres, for $1,000, the deten
sta'iuG hat th's mortgage was part
! the Insurance Comdany's assets. 7
: said IN his opinion the farm was wor
D about So 1000.
j On cross-ex ami alton Mr.. Henry sa
D he was present at the reorganization
/, tn" company IN Wilmington IN Octobe
Z 1871, but did not resign his President
as he had been P-elected President j a
!, II, 1877, for one year. AT the meet n
IN Wilmington Mr.. Bright was not elet
-d President, but was spoken of as ~
cessor to witness.
t Mr.. Henry further:tsaid,l in respon
20 Mr.. Lore's question, that during
u presidency he did not participate in al
u trsudulett iran-actions, nor was q
company fraud 30 far AZ he know.