Evening star. [volume] (Washington, D.C.) 1854-1972, 1889-09-18
THE IVES CASE AGAIN.
Testimony as to Big Loan on c., HI. and
ID. Stock as Collateral.

NEW YORK, Sept. 1s.-Henry s. Ives was
again early in court this morning. At few
minutes after 10 o'clock he was in his ac-
customed place. The lateness Of the session
last night did not seem to have in any way in
terfered with him.
The prosecution will try and finish its case
tonight, but Mr.. Brook thinks the defense will
exhaust at least week. The first witness to-
day was Mr.. Henry MCGOWAN, a member of the
hrm OF Hilmers, MCGOWAN 4 Co. On June %
lSSs, the witness arranged loan for Henry s.
Ives Co. 1t was for Esq 900 sterling The
loan was secured from Kuhn, Loeb a Co. The
collateral received was 2 500 shares of c., II. a d.
common stock. The witness dealt with Ives as
the representative of the firm in all dealings.
On cross-examination the witness said he had
known Ives for some time and had a number
OF business transactions with him from May,
1856, up to the failure of the firm in 1887. He
was witness in the case in Cincinnati, having
been summoned by the prosecution.
RUSSELL SAGE ASKED HIM TO co.
Mr.. Sage at that time held loan of the wit
ness firm.
"Do You remember saying to Mr.. Ives that
you had to testify or old Sage would call in
Il don't remember"
Yes"
Witness said he knew julius Dexter, presi-
dent OF the Cincinnati, Hamilton and Dayton
road, and that gentleman had visited him since
the indictments were found.
W.. Hilmers, McGowan's partner took the
stand and testified that he made the negotia-
tions with Kuhn, Loeb d Co. for the loan of
I52OOO. The loans, he said, were
subsequently paid by Ives & Co. Ad-
ditional testimony on this point was given
by other attaches of the banking house, and
VIM A Merrick, clerk for Drexel, Morgan d
Co., testified to the receipt of $500 shares OF
stock offered by Ives Co. as security for the
loan OF E52, 900.
MIR. SAMSON WAS THEN RECALLED,
but most of his time was spent in identifying
stocks and the entries made by him on their
receipt. The last entries showed that the loan
had been entirely paid on May 4, 1887.
John Wilson, a clerk in the bank of the state Of
New York, testified that his duties were to run
the ledger between u and 2. He kept an ac-
count OF the deposits OF Ives Co. His book
was presented IN evidence, but was not admit
TED, as 1t was not the book OF original entry.
Ihe witness testified, however, that
THE CHECK OF IVES AND CO. FOR THE BIG LOAN
was deposited in the bank and duly recorded
On cross-eXamination the witness said he did
not remember receiving the check, as he
handled two or three hundred in a day.
MI. Brooke then moved to strike out Will
sons testimony, but the motion was denied
Inc next witness, edward Burns
cashier OF the American exchange national
bank, testified that his bank was
registrar of stock of the Cincinnati, Hamilton
and Dayton railroad. He kept book OF entries
Tor registration of stock for that road and ex-
hlbIted the book which contained entries from
August 70, 1886, to June IL, 1883. The first
certihcates were registered on the former date.
WHEN THE FIRST NEW CERTIFICATES WERE REG
IsTERED
Y han fha IlaI &,
called for; nor did the bank cancel any of
the Old stock until April IL, 1887.
From that time on the bank can
celled old certificates when new stock was
Issued. In the spring of 1857; Ives was asked
Tor the old certificates. This was
about April 14th. Burns called at the
Office and asked both Woodruff and
Ives for the old certificates and insisted
upon having them that day. He went TO the
bank and waited there until nearly half-past
~ O'Clock that night, when ali the certificates
he had demanded were handed in