Telegram-herald., 1889-10-24
STILL IN PROGRESS
The Broad Case IS Great Fangle
ss Ever.
WN. STEELE Put on The STAND
rbs Eapert Fyidrnee l. Closed The
Book<e~peE "a tbs Company Iestlnes
he Had Eoo Mach N ora 10 D.
- Keep Books Properly.

TIE forenoon vas occupied in the
Broad ease yesterday ia the examina-
ton of Mr.. sherman, who was on the
stand a. day Tuesday, bat nothing new
aDpeared from his testimony. e. Il.
Tabor was pat on when the court ad-
iourned fordinner Charles NJ. Plerson,
the bookkeeper who works for the
Steele Packing and Provision Company,
Was the first witness after dinner. His
duties during January, February and
March last, nc said, included different
kinds Of work outside Of the bookkeep-
ing. BEFORE the store on Divlsi0n-st.
Was opened the business of the com
pany had been carried on al the pack
ing house. When the store was opened
Mr.. Broad acted as manager I'll April
20, or about that time. He was there
after that date but did not seem 20 act
as manager. Mr.. Michael Steele acted
as manager after Mr.. Broad left. Mr..
Sinclair acted as secretary OF the COM
pany. lie was at the packing house
but handled a little cash some times.
Mr.. Broad kept a private cash book
which ne did not allow witness 10 use
/ TO post from, but read the items from
MS book. If money was paid 10 Mr..
Broad and he forgot to put It IN has
book II would not appear on the books
of the company. He remembered Mr..
| Richardson paying some money TO Mr..
| Broad. 1t was $50 and Mr.. Broad did
| not mention it until Mr.. Richardson
/ spoke about ii. Other similar transac-
| tons were sworn 10, showing rather
! careless action on the part of Mr..
! Broad. The crOss-cxamnatlOn brought
/ out the fact that Mr.. Sinclair carried
! key To the safe, and took in cash some
/ times the same as Mr.. Broad. Before
! the store was opened Mr.. Broad not
only did Office work, but ne looked TO
the buying and selling, and sometimes
overlooked the slaughterlng and cut
ting up OF stock. All through Decem-
Der, January and February the books
were not kept st all. The books were
IN such shape that when Mr.. Sherman
came it would be hard to tell anything
about the transactions during that
time. Witness was kept so busy with
other matters that he could not attend
TO the books. He did not see how the
company would lose any money by the
Burt Stevens account of S2S2.S4.
Or. VI. Tabor, who has been looking
over the books, was recalled, but moth
ing new was brought out by him.
-. L e
Steele, was called to the stand. He
swOre that he came to the
city to aid Mr.. Broad about the
1st of MAY. Broad was manager
of the company and handled the cash.
After three weeks Mr.. Broad went
away on business. Witness soon dis
covered that there must be a shortage,
and he asked Mr.. Broad if the business
was running behind. Mr.. Broad said
he guessed not, but could give him no
explanation of the shortage. Witness
looked after the business, as manager,
while Mr.. broad was away.
Mr.. Steele was called next, but before
the examination was begun Mr..
| Mitchell asked to have the bylaws of
the company produced, which was
| done. Mr. Steele sWOre that the stock
holders of the company are Mr.. Broad,
Mr.. Sinclair and himself. Mr.. Steele
was president of the company. His
part of the business consisted of sign
ing notes. lie resided in 1onia and
was never here to take an active part
II the business. Mr.. Broad was treas
urer and manager, and had sole charge
of the business. Witness was here
nearly every week for few hours each
time.
Two checks, one OF $4,000, the other
$1,000, we're called to his attention. He
got $1,000, but had never had any
part of the $1,000, and had no knowledge
of where Invent TO. Another item ot
$4,000 credited to Mr.. Broad, he haC
never heard of at the time of the trans
action. 4 deposit of $500 was mad,
by Mr.. steele TO the credit q
the company. Mr.. steele still held the
deposit check, and II was put in evi
dence. Mr.. Steele loaned Mr.. BrOaC
$4,000 to pay up his capital stock. Mr.
Steele took a mortgage on a farm IN
, IN Dakota. This loan twas made ol
March % last. Two checks of cOnsd
erable amount were drawn to his credi
and he swOre positively that be had NJ
part of either of the checks. As carl'
As 1881 the iOOkS were ttlllllU anu III
Broad promised not 10 let 1t happel
again. but in January, 1883. the book
got behind again, and Mr.. Steele cOul,
not get balance TO see how the busi
: ness was getting along. Mr.. Broad KEEP
, putting hum off from time to time unU
. he lost all patience, and the last o
. January Mr.. Broad promised a state
meut, and at that time he made one
/ which showed that the capital stock wa
imnaired $3.50. Hc (Mr. steele prom
iscd 10 put in $1,000 more if Mr. Broa,
would put in a team which he had, s.
Z that the capital would not be impaired
4 The articles Of association were Tea,
! and were introduced IN evidence o
4 ! discrimination. The purchase Of
4 site and erection of buildings was gon
h over in the evidence, and It va
!. shown that Mr.. Broad wHs manager j
& all the operations Mr. Mitchell wade
outside Of the regular channel of legi
\ innate evidence, and was called OF b
Mr.. stuart. The court sustain ned th
objection. and Mr.. Mitchell came hac
i'm sight Of the case again. NJ. Stcol
4 admitted that he had been operating d
the Chicago Board OF Trade, bat no on
n could soe what connectio on it had W.T.
/ the case. The examination was contr
ued ull q o'clock p. m, and tho cour
j al ionrnod the case tl this morning.