The Newtown bee. (Newtown, Conn.) 1877-current, 1891-08-14

uOb Gcll lie WudG blIliO Lie lebtOE Was It.
ceiyed. said that they carried the Oil
when it was cents a barrel lower in
price than when they sold, which would
have made difference of $1,000 and they
at that time made no demand on us to
sell it Or put up margin. We were sur
prised that they should sell it out when
it was $1,000 lower. The reply was that
matters were in such shape that Mr. Greg
DRY wanted to sell out and he did. l said
to them that had not then told Elon
what had been done, but that L should
tell him. They said, HAll right, do it,
/ saw Elon within q day or two at my
store. 4 told him fully what had been
done. I told him of the letter of August
25; that they had sold the Oil for Mr.
Jonas and of my interview with Jonas
that we decided to go and make demand
of them to buy it back; that Ehad done
so and they refused to do it: He said
that he should not put up any more mon
ey and that they could not collect the
loss from him. He said that they had
exceeded their authority. They had no
right to do it. They should have done
with our order just as they had with pre-
vious ones; under the order that was
drawn up ON December Ia q give his lam
guage as near as [ can recollect). Don't
remember when next saw Gregory, Bal
lou & Co. They wrote to Elon Booth af-
ter this conversation. Don't remember
that ever communicated to the firm the
full conversation | had with Elon at the
time mentioned. [ had very frequent in
terviews with Elon about the matter.
Don't remember of Jonas being present.
Don't remember that [ ever had one of
the firms s'ciphers." There was one in
my store, but it belonged to Mr. Morris.
These orders 1 gave were always with
out consultation with Elon Booth, after
December IA. The letters of August %
and August u were the only letters l
ever saw from Gregory, Ballou & Co. to
Charles Jonas previous to bringing the
suit against Elon, that I remember:
MIL. B. Booth sir-The next time you are
in the city, you will oblige us by calling at our
office as we would like to speak to you about
the accounts that were guaranteed by Mr. Elon
Booth.-[Gregory, Ballou & Co., Septelnber23,
1887.
Mr. L. b. Booth: Strive have expected to
hear from you before now, in relation to Mr.
EIon Booths account with us and his guaran-
teeing Mr. Jonas's oil account. We have hes
itated about writing to him directly, as our
Mr. Gateley understood you to say, when you
last called, that you would speak to Mr. Elon
abont it and would let us know what he said.
We would like very much indeed to have this
matter settled up, feeling that we have al
ready allowed it to (illegible) as it is too Oil
legible). We will now wait two or three days
longer to hear from you before communicat-
ing with Mr. Elon about it. We have written
to Mr. Jonas, but can get no reply. Please in
form us If he has removed to Bridgeport
fGregory, Ballou & Co., October, 1887.
The letter of November 8, 1887, was
communicated to Elon in its entirety. He
said he should not send them any more
money. He talked with me great deal
about it and would often go over the
whole matter, talking two or three hours
sometimes.
Mr. Elon Booth: Dear Strive have repeat
edIy written to Mr. Charles Jonas to settle Ut
without success. The 10000 oil has been sold
leaving the large debit balance of over $4,000
interest upon which is constantly increasing
Holding your written guarantee to protec
this account from any loss to us, we woulc
now respectfully request that you pay us the
balance. The exact amount to date, or to No
vember II, is $S179 30 and the credit balance
on your personal account to November IL il
$32s7 Is, the debit difference being 1882 ID
BY sending this amount to us, you will great
ly oblige-f Gregory, Ballou & Co., Novembe
8, 1887.
Mr. Booth sir-~Please send by return mai
either cash or securities to cover debit bal
isl.Ue of Mr. Jonas's account which you guar
s,nteets aid oblige-[Gregory, Ballou & Co
January Z, 1888.
The letter of January Z, 1888. was re
ceived, opened and read by myself ant
communicated to Elon Booth. He mad
the same reply that he did to the others
he shouldn't do anything about it.
Mr. Booth-We write to call your attentio
to the account here in our office, leaving iyo
debtor to us to the amount of $50l5 20 or there
about. Mr. l.. B. Booth is conversant with til
accounts, as you know. We have not presse
YOU at all up to this time, as we had no espet
ial need for the money and knew that whe
we did you would not keep us waiting. BIT
: we did not feel as though we could let 1t II
main unsettled any longer and wish you woul
send either check or some available collate
, al to cover the amount. Please attend to tt
matter at once.-[Gregofy, Ballou,& Co., Apr
IL, 1883.
The letter of April IL was received an
communicated to Elon. He said
! shouldn't do anything about it. The lie
: ter of June /, 1888, was also received ar
communicated to Elon. He then sal
ssWell, we will wait and see.o This lie
ter refers to a letter / wrote for Flo
e This letter was not shown TO Elon. d
9 not keep any copy of it. I don't kno
as he was made acquainted with its co
tents. don't think he was. At Il
J time the letter was written, Elon hi
u never told me he intended to pay t
II claim. This letter is in reply to one
/ wrote the firm May 20, 1888. They kne
I his securities were with me and they as
y ed me to persuade Elon to send them :
Z. curities as collateral. ] told them
e would tell Elon what they said
p letter of May 30, 1888, is reproduced, +
q lowed by the reply of June Il:
y Gregory, Ballou 6 Co.: Gents--Mr Booth
~ think, wants to give you cash to settle
l. Jonas matter, instead OF leaving any ofthe
!, curities with you. He wants it finished 9
ended He will have great deal OF MOI
10 coming in July /. or Immediately AFTER
" wants then to fix matters. wish you wo'
~ write him extending time OF settlement
i, July or and that no further time would
allowed him. By granting this favor,you
aI obIige him. He is very peculiar and, kn'
IN would readily pay the cash down, when
~ has it In hand, rather than lput up colate
IL Respectfully u. b. Booth, for Eion Boz
May %, 1888
Mr. Booth: Sir--Yours by MI L. y. Booth
w ceiyed and, in reply, would say that, as
ey wrote before, we want the money or suffic1