The Newtown bee., 1891-09-25

sents between $2725 and $2750 of $400t note. The difference was money in my hands that I wanted to use and he agreed that l should use it if l wanted it. Ht never withdrew the privilege which ht gave me. The endorsements of interest
 on the $6000 note were made by me, al
 at one time, on the Sunday evening that Hartford to be taxed. It was the last Sunday before the first Monday in Octo
 Der, 1889. Was first time I'd seen that note since I had given it and I had paid the interest on it, probably and there never had been a single endorsement of inter
 charge of my own notes. Don't remem- Der ever paying any interest on the $250C note. None of. these notes were secured by endorsements. With the exception of the 30 shares of Central Pacific stock, these notes for $l3, 800 represented cash. The note for $2500 was not given until a year after the money had been advanced to me and l dated it back to give Elon security in full for everything had got of him. The note gave for $4000 inclu- ded between $2550 and $2750 of the eer- tificate of stock that l used. Had had the money in my possession for several weeks. Don't know but months before l gave Elon my note and he knew of it.. When 1 gave him my note, dated it back. Never paid any interest on that note, except that 1 turned over the dividends due from the certificate of stock that was included in the note. That money did not go into Wall street. It went in to my business. Have not paid over any dividends fIom that stock to the eX- ecutor of the estate since Elon's death. In 1882, Elon Booth was worth over $100,- 900. April 1,18S2, my own financial con- dition was good. It was at this time l gave Elon my note for $6000, on which was to pay 6 per cent. interest semi-an- nually. Don't know as any securities were sold to raise the money for the amount of the loan. Received a check for the money represented in the $6OO0 note from Marcus c. Hawley. Did not use any of that money for speculation. It was all put into the Judson purchase in Sandy Hook. The interest is endorsed on that note to April l, 1889. Endorsed it myself and it was all done at one time. Bought out Judson Brothers in April, 1882. The $4000 got in 1883 was invest ed in my business. The $2500 I borrow ed in 1886, l used for speculating in oil. It was just after 1 had made $500 or more for Elon inside of 30 days. He made large profits for little time. Don't think I advised him to go into it. Did say that, if he would go into it and ill d certain way, he wonld be sure to make money. Don't know what became of $l500 rep resented by the note signed by l.. Mor- ris and c. T. Booth. Don't know that Levi c. Morris was speculating in oil at that time. Had nothing to do with that investment. The note of November 24, 1882, signed by l.. c. Morris and C. T. Booth for $1500, I knew nothing about. Am certa in did not draw up that note. Mir Morris has been with me since 1880. The note of May 7, 1881, of $500 was signed by c. T. Booth and l.. c. Morris and Charles Jones. Did not know of that investment. Did know they had an oil account in New York. The note of July 7, 1885, signed by c. T. Booth for $25O,l knew nothing about. Don't think that that note was given until some time after the money was lent. 1 was speculating in oil in 1886 and 1 presume my brother, l.. c. Morris and Charles Jones were. Don't know positively, because l had no interest in their business. In 1888, when i borrowed the $1000, I was financially sound. In 1884, took an inventory of my property and showed business men l was doing business with full statement that showed me good for $1S,000 or $20,000 over and above every dollar that 1 owed. It was on account of something that came up here, in 1883, with regard to borough improvement, when some people in the village took occasion to attack me and misrepresent my financial condition. Never borrowed dollar from Elon after 1884 to invest in my business. Always had enough after that for all my pur- poses in mercantile business. Of the $2500 that went into oil, lost portion of it and then I cleared the business out and took what was left and puG that into my business and let the oil alone. In the Fall of 1884, my credit was attacked. l was on an unsafe foundation for only 8 few days. I have had no trouble ln the credit business. My credit was not re- stored by using Elon's money. Do not know that Elon's income in 1889 was $7495 O.. Forget what it was. Have no memorandum of those matters l added up for him. Haven't got scrap or fig ure of any of those things now. Find, on examining the book in which l kept an account of Elon's deposits from loS2 to 1888, that there are no entries made in 1884 and part of 1885. l certainly kept an account of his income then, but it might have been on some other book, that has not been shown here. If the other side will produce all the books, l think those entries will appear. There certainly must be another book somewhere. do not know that, between 1882 and August, 1888, James NJ. Turney invested for him S26, ,000. Do not dnoW that, between lSS2 and Elon's death, Mrs Bronson invested through St. Paul parties about 14,OOO. During 1885, assisted him in all his in- yestments. Endeavored to keep his mon ey where it was all safe and have him make no investments without they were good and safe. Know deposited for him in 1885 large amount of money with G-egory & BaIlou. Presumed it would