Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1885-04-24

DuJ IeCclNpu none OH money lO1Ileu.
The defence then offered several deposi-
tions the tendency of which was to show
that the road would not have existed had
not Gov. Page used his personal funds and
credit TO carry things along. Young
Baldwin's testimony was in the same di-
rection, "Wednesday. His statement
showed Il debit balance against Mr.. Haven
of $4,000, and he was asked by Mr.. Baker
If that balance would not exceed the total
receipts of the company by more than
100000, i e., placing all railroad receipts
upon one side of the account and all ex-
penditures of railroad funds on the other,
as shown by the books of the company,
from which he said he made up his state
ment. In answer he explained this discre-
pancy by stating that the Indebtedness of
the company paid by outside parties (refer-
ring to Gov. Page would not appear on
the books of the company at all. The
point made by the plaintiff was that, &C
cording to Baldwins statement, Mr..
Haven had expended 100000 and over
more than the entire receipts of the road.
Gov. Page again took the stand in the al
ternoon. lie was examined in detail in
regard to items charged to him by the
plaintiff. Page denied the partnership
stated by Haven to exist between them in
the purchase of scrip and its conversion
into bonds of the company. lie stated
That some scrip was purchased for him,
according to his objections, by Haven in
his own name, while Page was in Europe,
in 1872 but said that the whole transac-
ton was properly settled on his return.
He further denied some interviews that
Haven testified to.
Friday morning General Burnett call
ed ithe attention of the court to items
20 and q of the plaintiffs specif-
cations, which counsel for the plaintiff
withdrew. These items were for 900
each, and meant to cover all charges
"a mic 9TH how nj I, 4 my
Page as trustee of the road, which did not
appear in the Others items-a sort of gen
eral count. Wednesday, counsel for the
plaintiff also withdrew the item claiming
one-half of the amount of the salary
which GOV. Page received in the two
capacities of trustee and president of
the road ut the same time. This item was
for $4,000. Thus $4,000 of the charges
against Page have been withdrawn in t 70
days. Ont of the twenty-siX items orig
ina!ly in the plaintiffs specifications only
twelve remain, the Others having been
ruled out or WITHDRAWN The plaintiff if re-
covering ut all, Will probably do so on one
item which is really the nub of the case,
and that is the item concerning the five
acceptances of the Rutland railroad num-
bers $50, ISL, 1872, lS5 or 49, these four for
$4,000 each and one for $1,000, making Il
total of $4,000. These are the acceptances
of which Mr.. Haven claims Gov Page
had the proceeds and never accounted to
the company for. 1t Will be recollected
that Mr.. Ravens books show about that
amount short in the funds of the company
The testimony of Gov. Page, in the
morning, was directed to item eighteen of
the specifications charging him with some
$4,000 OF the COmpany's money, which
plaintiff claims he used in settling suits
brought against him and Mr.. Chase of
Boston, for damages for issuing circu-
lar signed by botn, containing misrepre-
sensations of the financial condition of the
Company. His statement of the transac-
ton was, in brief, that at the time the
eight per cent equipment bonds of the
Company were stamped down to six per
cent Mr.. Chase owned some Sl4S, 900 worth
of these bonds which he refused to sell
less than % per cent above par. But after
these suits were brought they We're used
by him against Mr.. Chase as lever to
force HIM to part with the bonds and
that Judge Prout succeeded in getting the
bonds ut par with accrued interest at seven
per cent, and also relieving Mr.. Chase
from liability on the suits. He claims
that the Company was gamer and not a
loser in the transaction, because they did
have to pay Mr.. Peters, Il bond holder to
Il small amount, % per cent above par.
Mr.. Chase, it will be remembered, testi-
fled that he was always willing to sell his
bonds at par with accrued interest, and
the settlement of the suits was not IA con
sderation for his parting with the bonds
at all.
The examination of the witness by Col.
Walker was directed mainly To shown o.
that his management of the funds of the
road had been honestly conducted; and
m 'raioa toSS ~ ,ne h,air9aui 80 lar a. the
Stated that he was interested in tbe HIVE
Scale company and the Dorset Marble
company at the time he was president of
Railroad and that it was his custom when
he got paper for these various concerns
discounted in Boston todeposit the money
in IL lump to the credit of the National
ON IN VI l.u,i"ii,, ali. ~ apPolVioll ~ ouI
hon,n IL stnrd 70 ta rnt rtr ne
snid in rnr,rd TO tBo invastirotion ~ ia
Railroad books by Mr.. Wilbur. He said
that Wheh ne informed MI. Haven that
ii ~, .it WIZ ia " We ~
Mr. Wilbur 70 examine his hooks He
was proceeding to tell what he directed
Mr.. Wilbur in consequence of that re-
mark, when he was stopped and only al
lowed to say that he directed Mr.. Wilbur
to examine the stock book
The examination is quite lengthy and so
Oh 81, i