New-York tribune., 1886-02-27

$50 of them-by George Shepherd Of shepherd John o
0.1Can you tell whether the rrst lot of bonds was
ment being dated the 17thi Al canhot 49,,
q. Did you Mr. sharp at your bank between Ine
ing of the bondsi Al did not dia , not U.s. see y nr
sharp or Mr. Richmond OF MT Kerr al 'ho oanA oh uo
DO you know of any unusual condition of things
existing in that bank the week III which June ~ IeH
AoIDo You know why in that week there any
was Statements vary at times 100000 a week.
OFF the presence OF logste should vary IN two
three days more than 100 per cent "Ouid IL ne uu-
usua9 ANo sir; our reserves are more In coin than
MI. ConEiing@Then will call attention to the fact
that for the week ending June 20 was
S5 than tic week before and the legaltender
S61. 900. And on the following week there was
$ll 900 moro specie and Sl99SO0 more IN legal
tenders making total reserve OF j6BSOO more tha on
the week before Can you explain thati A-Ony thae
| the amount of deposits increased. .
Mr. Conkling-But you observe that the deposits were
not increased Loans fuctuated only SloO,OoV, WhLe
specie and legal-ienders huctuated $56GO0O now 90
you for thati A-Only by the ordinary COURSE
Q~Hlye you stated Mr.. Palmer all you know OF the
bonds and the mortgagef A.-Hes SIR ,, 4,
Q-And you signed them without any commiSsion'
20 Yon acted the part of the Good Samaritan A
That's it exactly. dd it for nothing ana ionnd my
with would do it for any good customer Oh soou
security. - - ..,.. .ooooa Tbe
roSd JibCnght ii was good / know something about
NewYork and believed the road would be good thing
4 althOugl "A
would nave been willing to give $2,OOOOOO for H.
Mr. Conking asked Mr.. Palmer IL III all his experience
he had ever acted of another mortgage under
the circumstances attending this particular one Mr.
Palmer had met with no parallel case ne ahs"oreo
Then he went on:
But knew Mr. scrbner and had known him from
boy ana never him to deceive anybody. and nan
perfect confidence In what he said But II had known
at the what has sinee been developed wiz say
very frankly that woud not have acted As trustee
Chairman L0w-ff you had known that previous
mortgage OF 81. 10000 had already been put on the
road would have acted AS trustee for the secOhu
mortgage A.-NO. sir, would not. ~ -
Mr.. COnkng-When You signed these Donds 9lu you
know Mr.. Sharp had acquired control OF the stage
lines A-Mr Shepherd had told mo that was tae case
That before Mr.. johnson dled Ne dled on May 10
O.-When did first learn that the bonus were
| second mortgage A.-When the bonds came 10 my
hands as the executor Of Mr.. JohnSonS estate Whch
found that out told Mr. shepherd that the stage lines
should have been sold for twice what they got
Odd you call upon Mr.. Scrihner 10 explain
there was previous ilortgage2 Ale is also an eN
ecuor OF Mr. Johnson and We talked IL over
at the executors meeting at no othcr ume'
The hearing goes on at il a. m. to-day.
THE GRAND JURY ADJOURN.
The February Grand Jury. whose action has been
closely watched for the last few days because u was
supposed that the Broadway railway matter might bo
Investigated Ivy them finally adjourned yesterday aud
Judge Cowng thanked the jurors for their service Ihey
examined 25I cases and found 20i indictments. Fore
man oliver X King handed to Judge COwing several IN
dct1nents but there was none among them for any OF
the Aldermen or other persons connected with the
charges OF bribery The Grand Jury for the last few
day were kept constantly prepared for the reception OF
important business II certain information which was
expected arrived time render action by this Grand
Jury possible. The Information not obtained and
the Grand Jury did Investigate the granting OF the
franchise. The next Grand Jury meets on Monday.