Telegram-herald., 1889-10-25

not II btoh MI hANtAtii etN q ~
minutes 10 make Mr.. Steele understand
il, and then he could get no direct
answers.
Mr.. Mitchell asked him about the
mortgage gwen by Mr.. Broad for 5000
on March "A, and asked him II be did
not get that mortgage from Mr.. Broad
20 obtain money with which 10 operate
on the Chicago Board of Trade. lie
said no.
"How long had you been operating
on the Chicago Board of Trade at that
timer
"Off and on for some time"
Didn't you tell Mr.. Broad that if
YOU could raise the $4,000 YOU could
make barrel of money!"
NO, sir"
Passing on, Mr.. Mitchell asked him
how mucn he owed the Ionia Savings
Bank on January q?
"AbOut $1,000"
"Webber Bros.%'
"About $40, 1000"
"First National Bank?',
"AbOut $1,000"
"At Grand Haven"
"About Sl2 ,000."
GLOW much did you owe in this
city,"
"About SIC, 1000 at the Fifth National
Bank and $1,000 at the Fourth National
Bank"
GLOW much did you owe at Big Rap
ids?"
"About S50OO."
"Did you owe anything at Grand
TraverseY'
"No, SIR"
"DetroitG'
"NO, slr."
GLOW much did you owe Theodore
Houston, of Macomb, H., at this timer"
about $4,000"
The statement made by Mr.. Steele of
mortgages given by him to Dwight Cut
Ter for $25 900 and $40, 900, and one to
Wm. Dunham, of $50, 600 was gone over
in detail. The deciding of undivided
half of his farm to his wife, the mort
gage to Mary NJ. Hancock for S5200,
and the mortgage of s20, 900 to VIM.
Durham, were all gone over, but Mr..
steele could not recall when they were
made. nor could he tell why they were
not put on record until the day Mr..
Broad wGs arrested.
He was asked what considera tiOn
there was for the mortgages given To
Dwight Cutler. This was objected TO-
but the objection was withdrawn. He
then detailed the indebtedness for which
these mortgages amounting to 5,00l
were given.
Mr.. Steele was asked If he did not
send Mr.. Broad to Milwaukee in July to
buy pork, and he said he did, but did
not remember of having sent him "a
Chicago.
After quite a number of questions
touching the stock of the company, Mr..
Mitchell sprung the following ques-
tons:
you owned a farm of about 40C
acres near Edmore, did you not?'
"Yes, sir"
'Did you transfer this farm to your
brother, Michael Steele?"
"Yes, sir"
"When?"
az don't remember the date"
"Was il about July-abOut the time
| the mortgages were nader
at might have been"
Chow large a farm was it?'
"FOur hundred and eighty acres"
Glow much was II wOTth?'
az considered it worth from Sl4 ,O0t
to $4,000"
"Is il not n fact that this whole thing
was a scheme cOncocted by YOU anC
| your LAWYER, Mr.. Coriss, there. - have
! Mr.. Broad arrested the same dav tina
/ those papers were recorded, to max,
him a scapcgoat to shield yoursclf?'
"NO, SIR
W. G.. Sinclair was sworn and the
court adjourned for dinner.
Mr. Sinclair's evidence was com
menced after dinner. lie claimed tina
/ ne held forty shares of stock wortl
/ $1,000. but had paid IN but 500. Th'
other 5000 was - DC paid nas tho stock
| should ha issued. All the members o
/ the corporation understood this
! arrangement. Mr.. Sinclair kept the
/ books of the company until February
I 1SSS. Bills # goods bought IN Chicago
St Iouis and Milwaukee by Mr.. BrOar
/ and his report Of expense
were introduced Mr.. Broas
/ bought goods IN Milwaukee bat they
we're not sent % the company hacsus
a former hill was no' settled. Witnee
sworc that the cash balanced when h
/ turned the books over tO Mr.. Broad
Mr. sherman was recalled by NJ
/ Mitchell and was asked 20 tsll which
/ items IN the htl Of particulars went q
make up the 5000 shortage in the oasl
account of the company. VI chae
/ steele was recalled hy Mr.. Mitchell era.
speore that he had some TAX wfh Mr.
/ Broad iust before Dee went % NJ iwauke
about going. bat did not remembc
urging him 80 ~ as Nr
f Mitchell hy his questions would infer
Mr.. Mitchell ssked to pnf on soma
/ uItnsssrs for ihe 8efense WHO .s0e.
ta eo hack 20 t0ns. Ne was sII1ae.
to a. 81 aa1 called frei kfIsfv
ratsrv of fhe Neh gan Overall Conn
/ pane fle seofe that 0n January ia
/ I--1 Nr Wm steele pa.d hm 1900 a'
sfaas n nle overall eo0psny H. a'e
.eare ihat Nf Nrosd.s reputation ~
honesty .a laHia wa- good
IHs8 q. Preston Was next ca "a
He a fhe present secretary. tfra-lFe
sat manager II the NJ gan oVera
Cannsav He prod laeaa tae ,ssa f-7a
of tfta company AID Mf Mitchell sske
him NJ flsIa vac 81 eauy of MI steele
psv.ne uaaev T. Tie company on Jar
ssrv ls. lsr3 81 sNuFe tast thef
| vas. and Ml Mitchell offered the BOO