Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-02-14
DELAMATER'S ASSETS.
Even the Appraisers Figures, Rejected
as Evidence Friday,
MAKE THEM ENTIRELY TOO HIGH.
The Prosecution Extracts Victory From
Their Late Defeat
NEwSY NOTES FROM NEARBY TOWNS
ESPECIAL TELEGRAM TO THE DISPATCH. ]

| ESPECIAL TELEGRAM TO THE DIsPATCH.l
| MEADvILLE, Feb. 13.-Though the de-
tense lost its fight yesterday in the cele-
brated Delamater case, in demanding that
the appraisers figures be placed on record
to show that the bank was insolvent years
| ago, to-day it gained decided victory by
showing positively that the appraisers fig
ures were too high. 1t will be remembered
the appraisers statements showed the as
sets to be less than one-third of the liabili-
ties, and the defense objected to his papers
being placed on evidence on this account.
To-day further figures were introduced,
that no objections could knock out, which
showed that the appraisers figures on assets
were very liberal indeed, and that depos-
itors have less hope than ever of receiving
anything like fair return for their money.
Judge Henderson considers the case import
ant enough to, announce to-day that he will
postpone all license hearings and applica-
tions until this case is settled.
Analyzing Delamater Property Values.
When court opened at 9 o'clock Assignee
Haskins was placed on the stand and con-
tinued to place estimates of value on various
Items in the Delamater assets or to state his
inability to do SO. Mr.. Haskins said yes
terday that he would prepare sort of an
estimate in writing to his valuation OF all
items of overdrafts not already brought up
but defendants counsel to-day objected to
the admission OF this estimate, inasmuch as
they had so far been itemized, and that
many amounts should not be Jumped as Il
whole. This objection was sustained by the
Court.
This itemizing process is necessarily,a slow
ana tedious one and will prOlong the trial.
So far, it appears that the estimates obtained
in this way upon the witness stand will be
as low or lower than the inventory of the
appraisers, which was less than one-third of
the liabilities although there were many
items IN real estate and stocks which
Assignee Haskins would not or, at least
could not. place valuation on.
MI. Haskins was the only witness called
during the forenoon, except one who testi-
fled to knowledge of a farm in this county
belonging to defendants and who placed Il
valuation on the same. Court adjourned at
noon, counsel, jury and spectators all SEEM
ing somewhat bored by the monotony of
this stage of Ihe trial. The afternoon ses-
sion was brief, court adjourning at $3.50 until
Monday.
A Company With Large Expectations.
j. Levering JONES' of Philadelphia, was
e. ealied ne; to the stand at2 o'clock. Mr.. Jones
Is said to be here rs friendly to the Della
matters side of the case. His testimony was
In relation to the Philadelphia Finance Com
pany, and it was ELECTED that in May OF
early in June, as near as Mr. Jones could re-
member George Wallace Delamater had !
loaned the Finance Company S5s, 900. 1t ap-
peared by Mr.. Jones that the Finance Com
pany was scheme with large expectations,
ana tnat the members, among whom was G. |
W. Delamater, advanced funds when asked; |
that Delamater had received no security for |
this loan, but that he believed he had drawn |
back $lS 900 leaving balance of s45 900.
nd hu hn daft,
and testified to an item of $45OO0, cor |
responding to that loaned to the Finance |
Company.
1t is expected that Expert Accountant j.
c. Robinson, of Pittsburg will be called next
week by the prosecution. Mr.. Robinson was
employ ed by the committee of unpreferred
credltorsto examine the Delamater bank
accounts and his testimony will be awaited |
with interest. lE 81.