The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1883-11-09

vices last year to the company, above what he was
obliged 10 pay for interest and commissions on the
money raised.
A. S44O1.61, believe
@. Taking everything into consideration, did or
not the company last year get this money cheaper
than the Old company ever got It's money any year.
A. should think they did, all things considered.
q. whether or not the money was supplied
prSSmptIy 70 tne company whenever ~ needed ~
A. think it was.
.. Was the new company ever obliged to pay in
needing it and using it.
A. do not think it was
2. Did Mr.. Mattocks last year always furnish
money 70 i me company whenever requested.
cept when it was using it.
A. DO not think we did, very little if any.
@. What commission has the old company and
the new up to the present paid brokers for
A. They usually paid five uer cent when the
sales were guaranteed.
z. What per cent are you paying this year.
Q. What is the value of that guaranty.
a. 10 not think 1t was worth a very large sum
with the customers that the goods were sold to
usually.
S. c. StroutIs it not ordinarily 21h per cent for
guaranty, and W per cent commission.
. "A; That is what it is usually reckoned, but
OF customers we have usually sold to-
Q. What would you estimate it.
A. should think $500 or 5000 would cover any
NNpeS
of corn.
more than $500.
a. Because the losses would not exceed that
amount considering the short time On which goods
are solo, sixty days. and the good class of customers
we have, think that is a fair estimate.
@. Was the commission of one per cont allowed
Mr. Mattocks out of Mr. Dudley's commission of
1ye per ceut, as specified in the agreement of April
out of Mr.. Dudley's funds
A. Out of Mr.. Dudley's funds
u Then, as matter of fact, Mr. Mattocls re-
account the iamount paid by the company aud by
Dudley.
A. That is correct
Q. How much has he received this year.
ment.
Q. Why was this change made; whose PROPOSE
A. understood it was Mr.. Mattocks'. That was
his statement to me.
@. How much has Mr.. Mattocks received this
year Tor legal services and commission on sale of
goods.
"a, a. do not think can give you the amount for
9. Can you give the amount that he has received
on sale of goods.
A. cannot give it exactly, without referring to
the account, but little over IS 900. think "
how much did he save to the company by
seing the goods at lower rate of commission this
of sales. $500 W 'Ao --o''.'
A It would amount to about s11, 900, I think,
sales
Did Mr.. Mattocks pay a note of some 81 800. of
Thurbers, early in the season of 1882, before the
company got under way; before Ithey got any corn,
81 ne sn 1o pay one at least. think the first one
Q. Did he pay any other one that year.
a. ne paid one at least, at the close of the sea-
son, after the company paid the last.
9. Do you remember how much that was.
4. lie paid one OF $4,000 that know Of
IN getting at the amount which you estimate
was outstanding Jan. LIST, 1888, on the Thurber
notes on the advances of 1882, which think Won
stated as some S75 o0O did you get at that by sim
Ply subtracting from the sum total of the advances
the notes up. - ~
4. knew Of theseothers being paid.
q. Did You take those into account
A. think did at the tire.
you nave no means of knowing TO-DAY what
is due from Mr. Thurber on account Of the advances
ne mas made to free the assets.
9. You have not pretended to state it.
Ior iool were concerned, they went into this bust
ness and those have either been repaid or the funds
nave been furnished to repay them.
.Q-on the apples that were packed in 1882. did
mr.. Mattocks charge any commission for the sell
ing Of J them. +,..,.
sales. ~ VIZ
Q-Do you remember how large a pack there was.
:, ALSome thirty-nine or forty thousand dollars j
elf Mr.. Mattocks had not come forward and
used his own name, thereby mourning personal LA
Dllsy, from your knowledge of the stuation of the
assets OF the old company could they have been pre-
served SO as to have been rendered available for the
packing business; mean if he had not assumed ii
pnSed Of b gone turner than any agreement re-
GERS, could they have been preserved
Al do not think they could
Q-Do you know whether at the time when that
purchase of the equity was made from the En- eIish
Dondhoiders, there was failure to raise funds
through the means furnished by the company, and
than cfn 80
funds by endorsing the paper in order to prevent
forfeiture under the arrangement with them.
Al think that was the case.
The cross examination was continued bv Mr.
A. Strout.
O. In July were you not aware of the fact. that
Mr. Mattocks was using every effort to get together
money enough to save this equity of redemption in
the hands of Mr.. Putnam in order to save the prop
erty. Did you not know he was running around
trying TO borrow money when the Putnam ltransac-
tion took place, and did you not know that the tim
had expired and two days over when Mr. Mattocks
nnay was enabled to effect that purchase and save
the property.
Al did.
Q--Didshe not at that time save the property by
raising money, partly his individual notes. part
with these Y s
and after the two days had passed wherein he was
entitled to get this title did he not then CO. and by
his personal solicitation get it tided over and get
the meney and pay it over and take the property.
A. Not on his personal notes. The money was
all raised on the companys notes, with his indorse-
ments.
q. Were there.no personal notes.
A. There was a personal note given for ST. 700,
Y. DO you remember the lobster check of $1,000.
A. That is in the trustee account.
@. If Gen. Mattoeks, at that time, had not
stepped forward and done that, would or would not
this whele property have been sacrificed.
A. suppose it would.
Q. Did ]. Winslow Jones hare notice of this fact
to your knowledge.
A. Yes, notice was given to him.
Q. Did he raise dollar towards it.
A. Not to my knowledge.
After brief re-redrect by S. G. Strout and a re-
recross by A. A. Strout Mr.. S. C. Strout closed the
examination OF the witness, requesting him to
bring in some figures in the morning.
morning.