The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-04-15


BY Mr.. Harris-Did you make an effort
TO find them?
BY Witness-Yes. sir; at the Office of the
cabinet company.
by Mr.. Harris-was either of the Collins
there?
BY Witness No. sir.
Mr.. Harris then objected to the evidence.
Mr. Kern interrupted and asked the wit
ness If Reed was there.
II think he was" answered the witness.
Mr. Kern-I think the evidence is COM
petent under this showing.
THE OBJECTION OVERRULED.
The court permitted the government to
proceed on the line of evidence. Assista 1t
District Attorney Corr then asked the Wit
ness what was said regarding these Looks
in the presence Of 81. Reed. The witness
rad tina: rhe bookl ..,sr. Mr.. Holiday.
said nc had ever hedrI Of any such GD"ks.
The attention Of ;he Sl;l.ss vas then
oroe more directed 70 tae deposit made by
tle caoinet CONF any on Marcn CO. 1872. AMI
a:-other item gong 10 make up the total
OF tie deposit that la MS taken Up
and its meanderings through thes books OF
the bank traced by hiin. Tie item was a
note by the United StatessOfice Furniture
Company for 1861, d1e IN sixty days The
notes given in renewal of this note we're
also variously signed by L. l.. Reed, a. S.
Reed and +. A Coffin, as secretary of
the company. Between March 50. 1892, and
the deposit Of notes Of the same company
Tor like amount. On the last-named
date date, included E e with other paper. it was re
Ter S1,53t wnicn last note was never paid.
Another of the deposit tickets on which
credit was given on March 30. 1892, con-
tanned two items. They were drafts by
the cabinet company on the London branch,
the first for $4,000 and the second for
sos 10: The witness then began tracing
both Of these drafts in their course through
the bank and down into the hands OF the
-. 1888, it was three times renewed by
note OF the indianapolis Pillow Company
Tor like amount On March %. 1893 it
was merged with other paper and renewed
Dy the note Of the pillow company for &c.
$3.50. and this last note was never paid.
inen the witness took up the line of the
other bit of London paper deposited by
the cabinet company on March 80, 1898
This was the draft on the London branch
for ssS53.4O Between the date of DEPOSIT
and March Y, 1893, it was renewed three
ZINES ZINES by by notes for the same amount
date IL was paid by the check Of the cab
met met COMPANY for s4.OSS4O. and on the same
drawn by the indianapolis Veneer and
Tanei company on the indianapolis Office
furniture Company. of New York, for $4,-
C.S'iV; ana were credited with that amount
on the books Of the bank. On July 81
1873, this draft was taken up by draft
of the United States Office Furniture Com
company for like amount, and the books
OF the United States Office Furniture Com
entry OF any transaction later than May
1893 This last draft was never paid.
March
50, 1892 on the books of the bank, the wit
ness said the account of the cabinet COM
pany on that day showed that it had
drawn from the bank Sl7.74O.95 sundry
checks and drafts, which were produced
ana read. On the same, day the cabinet
amounting to $50 1915. The witness said
that, on this day, without the paper de-
posted that day, the account of the cabi-
net company with the bank would have
been overdrawn TO the amount of $40. SSs. 40.
He then turned to the account with the
cabinet company under date of Feb. l,
1888, and said the company was credited
with deposits to the amount of $1,000 Is.
This was by draft of the cabinet COM
pany. on the London branch for $1,7O1.
which, with the discount deducted, gave a
net credit to the company of the amount
stated; On the same day this London draft
a check on Chicago exchange for $l,701,
which was paid by. the banks correspond
ent in Chicago He was then told to eX-
anime the books of the cabinet company
and see If the amount of this Chicago
draft was sent to London. He turned to
the account of the London branch upon
the cabinet cOmpany's books and said that.
under date of Feb. l. 1898. the books showed
the London branch charged with the
amount OF the chicago draft ana on the
same day 1t was credited with like
A $4,000 OvERDRAFT.
On Feb. II, 1893. the cabinet company de-
posted a draft on the London branch for
1912 and drew a check for Chicago exchange
for the same amount. He examined the
books of the cabinet company and said
they did not show that this amount had
been sent to the London branch On April
20 these two drafts were taken up by a
check made to London exchange for $3.50.
ON the day this check was drawn the ac-
count of the cabinet company was over
drawn SO 3S9.21.
The witness then took the books of the
cabinet company and said they showed,
under date of Feb l. 1893, the cabinet COM
pany indebted to the London company in
the sum of $5,396.S9. On April %, the date
pany, the latter owed the London branch
S6,3l4.69. He was shown the deposit ticket
for the deposit made on April %, and said
the cabinet company received credit Upon
the deposit against which it could check.
on Dec. II. 1892, there was credited to the
cabinet company $5,393.02. This included an
item of A,13l, which the deposit ticket
showed TO be a draft on London for that
amount. 1t was sent forward for collec-
ton. but was returned unpaid. The cabi-
net company had been credited with the
amount and could check against it, Then
the witness traced this draft through the
D&hk IL was twice renewed by drafts on
the London branch by the cabinet company
Tor the same amount, and the last of these
renewals now formed a part of the assets
of the bank. The books of the cabinet COM
pdny, under date of Dee. II. 1892, showed
the London branch owing the cabincs COM
pany Sl,3S5l2 on March Is. 1898. the date
OF the second London draft, the cabinet
company owed the London company S.
Then the books of the bank were again
referred To. and showed that at the close
OF business on March IL. 1892, the account
Of the cabinet company was overdrawn
Sl2.1US-OS. ON the following day the cab
met company was credited with deposits TO
the amount Of Sl7.025.69. and the same day
they We're charged with $295970 checked
out on that day. AT the end of that day
the cabinet company had credit balance
or 1S0lH. part OF the deposit of the
cabinet company on that day was S14OlS
IN three notes. These notes were by +. n.
Coffin. for $4,S26; bv p. b. Coffin. for $685.
and by F. a. Coffin, for $3.50 Between
April IS. 1892. and June 3. 1893 the first of
these three notes was renewed nine times,
each time by another note of F. A. Coffin
Tor the same amount the original note,
with the interest added. On June 5. 1893,
IL was paid by a check of the cabinet COM
pany. ON the day the note was paid the
cabinet company had received credit for
S9l9.I6 on note of F. A. Coffin deposited
that day. This last note is now in the
hands of the receiver. Then began the
tracing of the z. Il. Coffin note deposited
on March IL. 1892 and constituting a part
OF the credit given the cabinet company
on that day. Between the day of deposit
and Feb. y. 1895. IL was renewed seven times
by the deposit at each renewal of a note
the original note. On Feb. u the renewal
was made by n note of Z. b. Coffin for
$6.054 co. which included the interest from
the date of the original note This note
was then renewed on May 15 1893. by an
other note OF Z. y. Coffin for 50 932. The
third note. deposited on March T. 1892 was
q demand note of F. ~ Coffin for s. 100
This note was, dated March II, 1892. and
was never paid nor renewed, and is now
in ha hands Of ba