The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-04-18

cabinet company had been properly
done. The inventory taken Aug. 1 at
the time of the sale to him showed the
goods on hand TO be of the value Of
S17. 366 10. There wers liabilities. ex-
elusive of the amount due the cabinet
company, Of $4,012.4S. He paid for the
business $16.49S.16 being 10 per cent.
deduction from the value Of the stock
and 10 per cent. reduction from the face
value Of the accounts payable. He said
he had failed because the expenses were
heavier than the sales.
Upon redirect examination he said he
had paid nothing for the good will and
had received nothing for it.
MIR. Burke-'That doesn't bring much
at a forced sale. does it?''
Money sent 10 London.
W. b. Nutting was called as the next
witness. but could not be found at the
time and George B. BouIton was called.
He was the general manager of the
foreign exchange department OF the
First national bank of Chicago. which
position he had held for thirty years
Between Jan. 1. 1891. and July l. 1885,
he had been in the habit of getting
frequent messages from the cabinet
company through the Indianapo-
lis national bank to transfer funds to
Elijah Coffin in London. This was done
by receiving a draft from the Indian
apOlis national bank with telegraphic
Instructions at the same time to trans
fer the amount of the draft through the
banks London correspondent by cable
to Elijah Coffin
Mr.. Burke-''what was the total
amount OF these transfers.
Mr.. BouItOn-"Forty thousand pounds
or about one hundred and ninety-five
thousand dollars
Mr. Burke-"You mean to say that
you sent that much money to England
10 Elijah Coffin At the order of the In
dianapolis cabinet company, and that
all of this money was paid out Of the
funds of the indianapolis national bank
on deposit in Chicago?
Mr.. Boulton-"Yes, sir"
The witness then gave the date and
amount of each consignment Of money
10 London. He would get a draft issued
on them by the indianapolis national
bank 10 pay a certain amount of money
10 London and at the same time would
receive Instructions from the cabinet
company to cable the amount to Elijah
Coffin. At the same time the cabinet
company would send the bank its check
for the cost of transferring the money.
The drafts sent to Chicago were the
same that the Collins bought when they
would dump into the bank the patches
Of worthless drafts on the several
branch houses. The exact amount thus
planted in England by their uncle was
A Juryman-"Who was Elijah Coffin?''
Mr.. kern-''We snail show that a lit
tie later
All the money was sent the same way
and the witness knew that Elijah Coffin
had received it. The London bank had
charged their bank with this amount
and the Chicago bank had in turn
charged the Indianapolis national with
the amount.
The Court-"What was the total cost
Of sending all this money!"
Mr.. BoultOn-"Oh, 1t was trifling. The
cable message would cost S1.S6 and the
total cost of sending all the drafts and
amounts would not exceed $500
The DISCRIMINATION failed to de-
velop anything and was very short.
Sensational Testimony.
Then came w. B. Nutting and from
that time on throughout the day the
rottenness of the Boston house and the
manner in which it and the New York
house were sold were brought out with
great Cleaness.
Nutting had been in the retail furni-
ture business in Boston. commencing
nine years ago, until the spring of 1891
when he sold his establishment out 10
the indianapolis cabinet company, when
he Travelled through New England for