The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1883-11-12
THE wINsLOw PACKING CO.
The Bill of the Complainauts With
drawn A Complete vindieation for
General Mattoeks.


The Bill of the Complainauts with
drawn-A Complete vindieaiion for
General Mattocks.
The hearing in the case of j. WinslOw Jones ct
al. C. p Mattocks ct ais, was continued Satur
day morning.
Ths testimony for the respondents was resumed.
Af1davits were read from Col. C. B. Merrill, re-
ceiver of j. Winslow Jones s. Co., Limited, and
James P. Lowry, counsel for the English bondhold-
ers also aidavits of all the individual holders OF
the bonds of the old company, declaring that any
interference with Mattocks as trustee of the old
company, or president of the new would endanger
their securities. The afidavits offered included
those of officers of the Canal National Bank and
First National Bank of this city, and officers of five
savings banks stating that no credits would have
been given to the new company except for the en-
dorsement of Mattocks afidavits of business
houtes, including Gum, Curtis s Co. and Samuel
May & Co., that they gave credit to the company
only because MIR. Mattocks had the management of
1t; afdavits of three superintendents and foremen
of all the corn factories fifteen in number, show
ing that the reorganization of the business after the
failure of j. Winslow Jones s. Co., Limited, in
1882, was brought about by the personal exertions,
credit and influence of Mr.. Mattocks: affidavit of
ed to get Mattocks out and put himself in as pres
dent; affidavit of S. I. Jewett stating that Jones
had attempted to have him JewetD get Mattocks to
issue stock to pay private indebtedness Of Jones to
Jewett.
The atidayits of all the witnesses stated that the
business relations between the present company and
the farmers were very satisfactory.
Respondents also filed afdavits of holders of 1191
shares OF stock in the new company being major
had been managed to their satisfaction; adavits of
canned goods brokers, tending to show that Mat
the quality Of the Winsiow corn: afidayit Of L W.
Dyet showing that Jones dictated the bylaws which
business manager; afidayits OF 5sS farmers credit
ors Of the old company and entitled to stock in the
new stating they are satisfied with present man
agement and would deem any change detrimental il
not disastrous to the company; the affidavit of II. K
Thurber of New York, whose firm has made heavy
advances to the new company each year, was as fol
lows:
81 reside in said city of New York and am the
senior member of the firm OF III. X. &F. B. Thurber
No. 116 Read street. The transactions had by said
firm during the year 1882 with Charles p. Mattocks
Of Portland, Maine, were made by myself person
ally. General Mattocks applied to me to advance
money necessary to carry on the business of pack
ing corn, &C., in the factories which had formerly
been used BY the company with which j, Winslow
Jones was connected. On behalf of my said firm /
refused absolutely and peremptoriy to advance any
money or to have anything whatever to do with the
matter upon any other basis than the personal and
individual responsibility of said Mattocks, and it
was thereupon agreed between said Mattocks and
myself that my said firm should advance the money
necessary for conducting the business to him per-
sonallv and that he should give his personal notes
therefor. This arrangement was to include the ad-
vancement of the money necessary to relieve the
different factories from the membranes which, as
understand, prevented their being used until they
were removed. @Unser this arrangement my said
firm of II. X. 81 f. b. Thurber & Co. advanced to
the said Mattocks during the year 1882 for the
purposes aforesaid the sum of about three hun
dIed thousand dollars Every dollar of this amount
was advanced by my said firm solely upon the indi-
yidual responsibility and promise of the said Mat
tocks and none of it would have been advanced ex-
cept upon his personal obligation All of said advan
ces have been repaid to zny said firm by said Mat
tocks except the sum of fortyfve thousand dollars
tor which my said firm hold the personal notes of said
Mattocks. Not a dollar of these advances of 1882
has ever been charged by my firm against the
Winslow Packing Company.
The arrangement made between Gen. Mattocks
and my firm for The present year was, that the ad-
vanees should be made to the WinsloW Packing
Company, upon the individual and personal indorse
meat Of said Mattocks. Under this arrangement
my said firm has advanced to said pacKing company
upwards of three hundred and sixty nine thousand
dollars My said firm has received from said pack
present date something less than one hundred and
sixty-two thousand dollars, and has also in its
hands drafts upon other parties, not yet accepted
leavin the said packing company indebted to my
said firm at this date, upwards of one hundred
thousand dollars. Every dollar that has been re-
ceived for the said packing company by the sale of
its goods or otherwise, has been credited upon the
advances to said packing company, and no part Of
IL Ucou VI dppllcu upon luucDLSu-
ness of said Mattocks, growing out of the said
of 1882.
In addition to the above, my said firm has ad- |
vanced during the year 1853 to Charles p. Mat
tocks, trustee, on account of what is termed the
lobster pack" about one hundred and sixtyeight
thousand dollars and has received upon that account
about one hund e L and fifty thousand dollars and
have Holsters hand for which returns have not
yet been received, TO the amount of about twenty
thousand dollars more None of the receipts for the
lobster business have been applied in any other way
than as credits upon the advances made to that ac
count"
E4tracts n IRON the records Of the company were
with the votes of stockholders and directors. The
affidavit of John y. Rice was then offered and read
as follows:
81, Sohn o. Rice Of Portland in the County of
Cumberland and State of Maine, on oath depose and
say: That am forty years DID, that am an ac-
countant and have occupied that position for twen-
ty years past and during nine years of that time
gagged ia the packing business. That L have been |
called upon at various times to act expert ac-
,ountant in the examination Of books of different
concerns, among others more recently those Of /
Phnney jackson and Storer Bros, at the request
Of committee of the creditors for whom drew up
statement of the accounts of the firms. That on
Saturday, Nov. Sd, 1888, was called upon by G. |
P Mattocks, Esq, and requested by him to examine
he books and records of his Office relating to his
Limited, and the winslow Packing Company, and /
every facility was placed at my disposal for this
purpose, which in the limit of time given, have
as follows;
A concise and systematic set of books have been /
Kept in which all the entries recorded with re-
clearness in details and specif aons and
review of the footings and computations from /
the same, find to be correct. An account opened /
under the ledger heading ~. Winslow Jones u Co..
Limited, assets" dating from January 1st, has /
been reviewed by numbering each disbursement. |
and voucher corresponding with the number has |
been furnished audited and tiled, with the excep-
ion of very few minor charges such as kilograms,
express charges ETC.. of small amount. The ac-
,ount opened with the present Winslow Packing |
Company has been compared with the books of the |
Treasurer, at 24l Commercial street, and is found
% agree, both in receipts and disbursements. Re-
erring to the statement alleged in the bill, that
Turing the months of April. May and June, 1882, |
1ne hundred and twenty-five Thousand and seventy |
i've dollars was received. while ffty-eight /
thousand seven hundred and ninety-three dollars |
forty mine cents only, accounted for by legti
mate disbursements, we find the former account to
be- accounted for on the books and fully confirmed
by voachers, as follows:
Assets account nt..................... s5S s93.49
Winslow Packing Co.................... 27,231.74
W. IL. Alderdice, Trustee, lobster bus
iness... ............ .......,........ $4,000 |
Paid to E. b. Clark, seed corn ...... 1,141 90