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

& HVd1laDIo COilaUoTaly WHICH we WOulu HOlu uH-
til you had the funds in hand. You could, we
think easily send us certificates of stock prop.
erly endorsed, which we would hold until July
l (the time you say youwill settle in cash) and
then, on the settlement of the account by cash
payment we will secure anew certificate from
the office OF the company, where transfers
may be made in your name, which you can
hold unendorsed, the same aa now. This, we
think, would be the simplest way for you and
the fairest to us. But, if it will oblige you, we
will accept one half cash now and the remain
g der on July 2. We hope, however, that you
will decide to cover the whole amount at once
by collateral, as we suggest, or by cash.remit-
tance- Let us hear at once and oblige,-[Greg-
Dry, Ballou & Co, June J. 1888.
During all this time of 1888, Gregory,
Ballou & Co. made claim against me,
also and the claim is now in court in con-
troversy. / took to their office certifi-
cate of Western Union stock. l think
it was in August. 1t was the property
of Elon Booth. [ took it from my safe,
100 shares in one certificate and issued to
Elon Booth but not endorsed by him. Mr.
Ballou and, / think, Mr. Gateley were
present. / said I have brought down
this certificate of stock. Ballou looked
at it and saw it was not endorsed, said
it was no use to them and asked why
Elon did not endorse is. told him did
not tell Mr. Booth [ was going to bring
it. He handed it back and asked me to
take it back to Elon to have him endorse
it. [ put it back in my safe and said
nothing about it. They said nothing in
particular more, only they wanted the
Jonas account settled. The value of the
Western Union at that time was between
$4,000 and $4,000. / did not tell Gregory,
Ballou & Co. that Elon, after their re-
peated letters, sent this stock by me to
them. [ did not urge them to keep it. In
personal interviews with them, they had
asked me to bring some certificates of
stock from Elon that they could use as
collateral; that [ had more influence
with Elon than any one else and they
thought [ could persuade him to let me
do it. I knew Elon did not want law
suit | think it was in February, 1890,
when took Samuel Tweedy to Josiah
Booths to consult Elon about his suit
that had been brought by Gregory, Bal
lou & Co. against him. l had told Mr.
Tweedy about the Western Union stock
and he asked me if Elon knew of my
taking it down. [ told him he did not.
Mr. Tweedy said Elon ought to know OF
it and Tweedy told him. Elon turned to
me and said: "Why did you do it?' l
knew from Elon of Mr. Ballou's visit to
him in 1888. l knew from Ballou of his
intention to visit Elon. [ met him in
Bridgeport. He said he was going to
Newtown ON hunting expedition and to
see Elon Booth. L saw Elon, the next
morning and told him Ballou was in
town and was going to call upon him.He
called, the next evening. The following
day, called upon Elon and asked him
what had occurred. He said Ballou call
ed, was very pleasant and cordial, talked
upon general topics and then referred to
the Jonas account and told Elon he hop
ed they could make an amlcable settle
ment. Elon said he told him he hoped
they could. He didn't tell me that Bal
lou had told him about my taking his
Western Union stock down to their office
Elon would have told me most certainly
if he had. From that time down to Feb
ruary, 1901 don't remember of any con
versation with Elon about Mr. Balloui
visit.
Cross Examination From 1885 to 1889
I did all Elon's correspondence for him
opened his letters, kept his accounts
made his investments for him, or advis
ed him about them. Nothing was don
without his knowledge, in particular. Il
correspondence for him, signed elthe
Elon Booth, per L. B. B. or L. b. Boot
= for Elon Booth. His securities were no
all in my possession, but large proper
, tion of them. He wanted me to keel
them in my safe for safe keeping.
looked after the collections of interes
A and dividends in a great measure. I'll
i relied upon me to a certain extent {
= look after his business. [ remember tel
d ing Elon, when he told me he had len
:, Jonas $500, that thought Jonas wa
n good for $500, $1,000, or $4,000. | kne'
y Jonas was buying oil. did not ask Elo
d to guarantee this account for Jonas an
r never asked him to do it certainly att
g January, 1886. | think opened all I'll
letters from Gregory, Ballou q 90.
!, Flon and communicated the contents
: them to him. | knew something OF u
). advances Zion made on the Jonas
: cou,,s but not all at time they were mad
In regard to the paper of December
: 1886. it was drawn up in my store
: the presence of Elon and Jonas. I'll
- :, tated it. after [ had conferred with Gre
= ory, Ballou & Co. at their offlce. Elk
was satisfied with the paper and sign
: it. Gregory, Ballou & Co. did not wa
- to increase the quantity of oil. The WI
- ing was not the suggestion OF Gregor
Ballou &c CO., but it was my own sugge
tion. was acting in the interest OF
fine parties. Jonas did not want TO
crease his account and / told him
ought not to. He understood was u
= ing to help him out of his trouble az
!, in helping him, / was helping Ell
Booth. / read the paper to Elon beft
he signed it. He made no suggestlol
he + don't remember reading it to him |
Sc once; he seemed to understand it. ~
nd talked with me frequently about the
icy count and felt badly because the mari
ia was so bad, for he knew Jonas could
to pay him what he had advanced uni
be he made it in oil. After December, 4
WI did the business of the account
' ne Elon and worked for his interest, fol
raj. knew what WOulu pe III n's 'sA
'th' would also be for my own. Wher
transaction was made in which To
re was a profit, reported it to Elon. !
emit ported no LOSSES ioi olaois