The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-04-16
READ. STOKES REFERENCE.
NO FoRMAJI1T IN THE PROCEEDINGS
- BEFORE IA WEI FULLER


- $500
b Flenty or Fists. Every-ssy Language f-ou
n witnesses sud Couusei : Read want
stokes 10 Give " n Piece Of Property
~ stokes sny- the Property h. WORTHLESS
- secur,sy, aud that seee.eoo is Duo rin.
The case Of sCassioes A. Read against Ed
ward s. btokes was before Referee !. A. Full
Ter at 20l Broadway yesterday. Read nnt
Stokes formed acopartnership In 1881 to rur
the Hoffman House. The firm was Cassius H.
Read & Co. and II got along oil right unit
1890. chickering's ended in separation. and
last December Mr.. read brought suit against
Mr.. Stokes to recover n niece OF property OF
Far Iiocknwny. In his complaint Mr.. Read
said that he Ind decided the property to Mr..
Stokes in 1885 merely to bold for him. Mr..
Read gave the valuation Of the property at
SS5.OUA
70, In iis defence Mr.. Stokes alleged an abso-
Tut, conveyance " the property. Justice
- Pratt. after lie ring sometestimony pverruled
the defendants rlen. deciding that the prop
srty had been transferred ns security only.
Mr.. Stakes. through his counsel. j. +. Adams.
then nmrrlrd his Flea. alleging an account
stated. which account, shove Read heavily In
debt TO Stoke to Eve times tho rated value OF
the Far Itocsaway property. Justice Pratt
put the case in the hnnds NJ LAWYER Fuller as
~refcror. The continued hearing yesterday
was full Of rlain. blunt language.
The hearing opened with the evidence OF
,Bookkoeper Cornish. an expert accountant. Tor
IN. ,iefrn. q. Mr.. Cornish and Export Graham.
whp Iol.owcd him. told how they had figured
out III, account which the defendant presents
IN his plea. This account presents an In
drItcdness on the rart OF Mr.. T;ead to the firm
Of H.. Head 4 Co.. from 1881 to August. 1900.
- ,ro - eCnl EpD OK Erntp An
gust. 1900. to the present tins 1t presents an
, indc btcdn moss in ono count OF S34. Isl. 80. and
In another Of sl4.2O7.2n. The defence esti-
mato these debts at $4,000 in round num-
hers and Mr.. Reads total Indebtedness at
ABOUT S254. 532 %.
They also credit Mr.. Stokes with S40634S.S7.
being debts paid and money advanced to Mr..
lead ind the house. The defence thus fig
uro q total indebtedness OF S000.SSO.S7 to MIR.
Stokes. But one itom is q payment OF about
$3.50, 900 Ivy Mr.. Stokes to Mr.. Mackny for
money lent the firm Of C. II. Read 4 Co. Tho
defence tnkc SlT5.OOD. or one-haltthe amount.
on the total Indebtedness. which leaves u debt
OF S+S5.0O0. Tl.cy say that. suhtracting the
valuation Of the Far Rockaway property at
SS5, 600, Mr.. Sick os Is still creditor In tho sum
Of S40O.OOO.
These are tho figures as calculated by the
exports and as presented BY the defence.
Cornish and Graham testified to their correct
ness. as having boon the results Of their ex-
animation Of tho books Of the firm OF c II.
Read h 20. Lawyer ". n. K. Olcott. repre-
senting MIR. Read. asked Mr.. Graham how he
came to credit Nj. Stokes with tho S3oO.OOn.
Because he paid o debt Of the firm to Dir.
Mnckay for that amount" said Mr.. Graham.
How do you know lie did?"
Because hero is his memorandum. and that
of c. H. Read 4 Co.. telling me he did. and in
structinC me to credit II to him."
He had no business 70 give that" said Dir.
Read.
He had. . He was a member Of the firm"
said the defence.
"Oh. damn that echoed across the room.
Mr.. Graham. In response to another aues-
ton. turn cd to Expert Cornish. but q question
Is to what tho hell no was doing recalled him.
Lawyer Adams jumped to his feet and roared
that his witness ought not to De treated in
that way. as ne had never becn on the stand
befo.e.
fsHow is he an expert accountant. then 2"
asked tho defence.
why. an expert accountant doesn't have to |
be an expert witncss. too!' roarsd. Mr.. Adams.
MI. Stokes was then recalled In redirect ex-
animation. He told Of s2UO,0O0 In bonds OF
hssN with snst v h s', are as t a%s'G 's'dn seS'r asssa Mr..
%f 'oibject! / ohicetl", yelled, Mr.. olaott.
"Oh; thundsration: let us get ut our case"
f' s'Bjeetion sustained" said Referee Fuller.
Who sat with his feet resting on . cpspidor.
Have YOU ever been able 10 soil those bonds
at ! sSs!!G ssi "a IT. sao X; Adams
Have you got any market for them"
Fifty cents. said Mr.. Stokes.
We'll, YOU got what you wanted" sneered
What's that Rockaway property WORTH"
he s ifeSf o Mt; S Sa%isd out Mr.. oleott.
GO ahead adm tel us what It's worth. why
don't you = yelled Mr.. Adams -,
What Sl% th b hotel property consist of when
: Lenses and old furniture,
rCross,fXa ar Elm n him T. n NV o, saif N Il, Adams ADAMS
rose nnd stretched himself.
Where are those S-Oo.oO0 worth OF bonds ?"
"IFnow whore they are said Mr.. Stokes.
Vol. where are theyf' roared Mr.. olcott.
I'm your nosscssionT'
Your Honor" began Lawyer Olcott. when
Mr.. Adams interrrpted him;
swer; for II he finds out and can gel. the Court
to order them d ErOd n y an he could d. md 3D. ,hsm,"
WAS i: Head credited with 100000
worth OF bondsT
"No: because they are not worth 80 cents"
Al this point Nj. Uicott. introduced. with tho
consent Of HE defence, all the evidence that
been taken before Justice Pratt In the
previous hearing.
a copyof Mr.. Stokes's testimony. that the
property Mr.. Read put into the firm was not
worth SD. 200 ~
Talent say that"
"%idIdnt..' said Mr.. Stokes.
NO. 10 didn't" echoed Mr.; adams
II wasn't" said M; stokes:
"WhaI was Heads contribution worth ?"
About SIX. OOO.'
tits quoted in the agreement at 5000 600"
aaThst's Inflated. About $4,000 is right"