The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1886-03-03

from Mr.. BISHOP. rive thousand uOLldIS
borrowed from Mr.. Bishop were used i'll |
the business. Do not think l made any |
statement to Bishop them am not sure
The $4,000 from Cartwright was used to |
pay debts in San Francisco, principally to |
Dodge, Sweeny & Co. Macfarlane went
out at my request ! wanted the whole
business to myself. paid him $4,000 In
notes, secured by second mortgage on
stock At the time of dissolution with
Macfarlane no trial balance was taken or
statement made. I gave Macfarlane a
bonus note of $1,000 Aldrich became my
partner January 1, 1885. 1 made a state
ment to Bishop and also Aldrich. 1t in
cIuded every account in the books. There
was more owing to us than what we
owed-Ss 900 to $12, 900 in excess. Aldrich
put in 5000 for half-interest.
He paid in cash. He was to
have put in $4,000 By agreement, but
saw his father in San Francisco and he
would not put in more than S. 900. We
failed in September. Aldrich drew out
about So 900. Our agreement was to draw
500 each per month. Aldrich exceeded
his allowance; don't think did. 1 drew
only about 800 per month. My expenses
were $75 to 800 per month for myself and
family That supported them. Formerly
l spent $50 per month more or less. Don't
| know how to account for deficiency. Some
| bills payable which Cartwright has told me
| about since failure l cannot account for.
| I really believe my business was in a
| flourishing condition when Aldrich entered
as partner January LIST. did not charge
up an invoice of carpets, ribbons and ladies'
| shoes as merchandise, nor did 1 instruct
! bookkeeper to do it. L had some carpets
come which are at my house. l married
Miss Coney, June, 1881 She had means OF
| her own. Some real estate in HilO owned
| by her was sold and the money used for
/ buying furniture / contributed very few
| things to the furniture. The horse and
buggy belongs to my wife; was given TO
her before marriage. Sold the horse for
$3.50 and used the money. Bought new
horse for $40, taking the money out of the
business and charged myself. L have an
open buggy at my house which is mine
have no other horses. sent my wife and
family to England in July, 1884. The
whole trip cost possibly between 81 200 and
81 800 Paid for it out of my salary as
manager of the business. l am an ac-
countant, not over competent. l think
can keep accounts. Everything was faith
fully entered in the books. Have moi
drawn cent that is not entered. Had g
stock account for each partner. My pri
vate liabilities are about 81 900 or 81, 200
out of which $500 is for a doctors bill il
San Francisco.
MONDAY March LIST.
S. ]. Levey, examined: Macfarlane die
not withdraw because the business was go
, ing behindhand. 1 went to him and pro
posed to bay him out. / have no dia
monds l did have a set of shirt studs be
fore my bankruptcy but sold them. Hoff
nung never advanced 5000, nor one cen
to me. Until four or five months before
failed hadn't overdrawn cent.
mfr. Brown here stated that the book
show from September 80, 1888, to Octobe
%, 1884, So. OBS 80, and from September 30
1888, to date of failure, S1O,981 1G wa
: charged to Levey's account, and 1916 o.
credit
Examination continued: L don't know
what that credit item is. The charges o
: $10981 16 to my account are wrong. All
drew in cash or merchandise was charged
up. Think drew So 900 a year till Mac
farlane dissolved. This was charged to ex
pense account and credited to me.
owned the California Produce Compan.
= business. There was not much stock. Soil
=. it out to Davis in July, 1885, for 81 ,00C
Think he paid about $500 before we failed
Have never sold a horse or wagon t
Davis for 800 since bankruptcy, nor be
fore. Sold him horse before l faile
which belonged to my wife. have now
note of Davis on which he pays me 81
weekly instruments.
THE Court here says that Levey mus
: give up that note TO the assignees.
e Examination continued: This note wa
not for a horse and wagon, but for none
lent Davis nearly year ago, before
t bought me out. have now no interest
the California Produce Company. Hav
e no agreement with Davis to become partne
. again after certain time. j haa ,5efs4fot
in my own possession session. M&Ghen failed. So
$Ioo Galnf-aever was turned over to
- assignees. have no other property VIII
ex- thought 1 might keep except the carpe
ng don't deal in lottery tickets. Have
Ok some in Louisiana lottery. Have NJ
per now. 1t is a week since 1 had any. L
hes $50 at 81 apiece. Got them from
l25 Orleans Borrowed money to buy tn
per after bankruptcy from John Patty, Ly
lb- security as indorser on my note.
AID posed of the tickets here to differ
OK. people, one, two or so at a time
es' 81 so each. Paid IS cents each
It'll them there; they send them here
10 that rate. Before bankruptcy did
vas consign any of my goods to any one h
Ok for sale. believe that my clerk Miller
&c; consign some cigars to Wiseman Will
oI' was away in San Francisco. Have not
'AS manded payment for those cigars sil
gu bankruptcy. Have had transactions W
e" Luning. owe him nothing now. HI
my borrowed from him $500 for thirty d.
re' and paid him So; once I think paid
my So Borrowed on account OF the busint
ide and charged to bills payable. The origi
pE note of Davis was about $500. 1t amou
vas to about 5000 now. Have received p
ar ments since bankruptcy. / think f
i'h cost of house where l now live was alb
Oh $500. Mr.. Preston paid for it out of
vas wife's account. Don't know where
ION wife got the money she paid for the fur
en-. ture She said she had some from
me father and some in bank before MARI
nv | - Q