The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1885-09-12

Amounts paid. $2s2, 700
Mutual Life, Hartford. .-......--..--..-- $4,000
Total. 1892, 700
We are to take up also Hanway's
note IN bank. -$4OOO0
Balance of McCutcheon. 10000 100000
Iotal -SoSZ,foo
THE following was undoubtedly written some
time after the above.
Samuel Miller's note. February 1873, payable on
demand for $50 600 to First National Bank, and
William Needham's, for 0,OOO on demand, were
used to make part of the payments as above
Banking Company to aid in the transaction $40, $50,
for which they made their note to Indiana Banking
Company.
The evidence proves conclusively that this was
written after the 18th day of March, because we
know that the first half of the McCutcheon note
was paid on the 18th day of March, 1878 1t
must have been written after the 18th of March,
because at the time it was written the first half
Of the McCutcheon note had been paid
There is one sentence of this exhibit, written
by Mr.. Morrison and carefully filed away by
him, that l want to have you burn
into your memory. Remember l am talking
about the fact as to whether Morrison and Miller
bought this stock for themselves or for the
Indiana Banking Company. This is the sentence:
Nv. H. NJ. AND SAMUEL MILLER BoR-
RowED FROM THE INDIANA BANKING
COMPANY To AID IN THE TRANSACTION
$70.150, FOR WHICH THEY MADE THEIR NOTE
TO THE INDIANA BANKING COMPANY" There
is Mr.. Morrisons deliberate statement; he is in
his grave, but if he knew that these old partners
of his were to-day trying to put the lie on tina t
written statement he would turn in his coffin!
II they were mere agents would they have DOR
RowED" and MADE THEIR NoTEp or if they were
TRUSTEES would they have BORROWED" and
MADE THEIR NoTEf" Why, it is futile senseless,
ridiculous to attempt to say that these men were
acting trustees for the Indiana Banking Com
pany in face of the fact Morrison deliberately
wrote down that sentence exhibit sc"
But shat is not all. Here another statement
and gentlemen, this statement am about to
present to you was undoubtedly written after
the 18th of March. 1t bears internal evidence
It'll OF March, because some of the payments
named in it were made March IL, 1878
namely, the Hays and Kneher notes, aid part of
the McCutche0n note. Mr.. Ketcham says it
bears internal evidence that it was written before
the first day of June, and he is right about that
1t was written sometime between the 18th of
March and the LIST of June. It is exhibit -"
1t bears NO DATE, but was undoubtedly writted
between the 18th day of March and the LIST of
. June, 1878 Before | read it / will call your
attention to another fact. On about the 18th of
March, or before that tine there was great
excitement and dissatisfaction among the stock
holders of the First National Bank. What was
it about! Why it was on account Of the fear
that there were just such transactions going on
as these plaintiffs say now were going on; that
was the whole ground of the excitement, as is
testified to by tue stockholders themselves, who
have been upon the witness stand. Now that
excitement so eliminated that letter was writ
ten to the Comptroller of the Cur
rency, and the Comptroller of the
Currency ordered an examination by the
examiner, in connection with stockholders
committee; and what was it fora Why, gentle
men of the jury, it was for the express purpose
of finding out whether any such connection ex
listed between the Indiana Banking Company
and the First National Bank as these plaintiffs
now say did exist, and nothing else. Mr.. Hol
liday and Mr.. Bates told you just what the eX-
element was about, and the report shows just
what it was about Now, some time AFTER that
examination Mr.. Morrison wanted to make him
self clear on the record and in order that every
body might know that the Indiana Banking
Company did not buy that stock, and had no in
terest in it, as firm, he deliberately wrote this
statement will now read it. Remember it
bears NO DATE:
Exhibit ''J''
Whereas On the 2Ist of February 1878 W. H
Morrison and Samuel Miller in their names pur-
chased from John G. New and John G. Wright $3.50
shares of the capital stock of the First National Bank
of Indianapolis for the sum of 1892, 700, and gave
their note for the same, payable demand, dated
February. 1878; and, whereas the said purchase of
said capital stock was made not only for said Nor
persons viz VIM. Needham, of johnson county; Jane
". Ketcham +. A. w. Davis and John L. Ketcham,
OF Marion county Indiana and in the following pro-
Shares
w. n. Morrison 49,.
Samuel Miller.
Jane Nj. Ketcham.
Frederick A. w. Davis. ACKNOWLEDGEMENTS. 80.
John L. ketcham ----..--.-.. 49,
And whereas to enable the purchasers aforesaid to
pay for said capital stock Samuel Miller has made his
note for $50 600 dated February, 1878 payable, on
demand; and William Needham has made his note for
and said Morrison and Miller have jointly obtained
from the Indiana Banking Company $40, $50 in dis
counted paper, together with F. A. W. Davis,s note
for $14 $50, all of which have been discounted at the
First National Bank aforesaid for the purpose of
using in said transaction with New and Wright, and
have furthermore obtained S10C, 900 for six months
and $40, 900 for eight months from Winslow Lanier
Co., of New York, and have also assumed to pay for
said New and Wright the lst of June next, to the
sum of $50 OOO and have assumed pay the note of
Samuel Han way for $40 600, and the balance of the
note of j. c. McCutcheon of 500 O0O belonging to said
And whereas the said purchasers have, up to this
date made the following pay ments from the above de-
scribed assets, to said New and Wright. to wit:
First National Bank in exchange for such we, the
purchasers, substituted therefor:
Paid Paid to to John John 6 G. N Ws:h,
Paid to them jointly to
take up the following
notes belonging to the
First National Bank.
which had been dis
counted for their
and benefit in their
purchase of stock from
w. H. English
Gen. Knefers note for. $40 ,O00
Frank HAYS s note for. 10, 600
Part of j. G. McCutch-
cons note-.. 10000 100000
Now, gentlemen if Mr.. Morrison and Mr.
Miller bought that stock for the Indiana Banking
Company. would they not have said 500 When
he wrote down the words William Needham, of
johnson county" did he not remember that he
had TWO OTHER PARTNERS IN JOHNSON COUNTY!
Why, Shepard says he FORGOT THE NAMES of his
other partners. Banta had been a partner in
that bank since 1875. Ditmars had been a
partner for years. They both lived in johnson
county. Morrison knew them we'll. Do you
suppose Mr.. Morrison did not know the names of
his partners in business that had been partners
with him for years. The supposition is senseless
and ridiculous When he wrote down the words