The Indianapolis journal., 1894-04-14
ONE COMPANY A FAKE.
Concluded from First Page1


Cabinet Company, of New York. 1t was
accepted by p B. Coffin. secretary.
motion to strike out ali of that part of the
evidence relating to the Tufts Cabinet Com
pany's acceptance because the paper said
scribed in any of the counts OF the in
dictment.
there was no such company as the Tufts
Cabinet Company, of New York, in exist
ence He afterwards modified this by say
pany M % Of which Which, P. 5n B. coffin was secretary. seer
was a pure fiction, but that there was a
bona fide Tufts Cabinet Company.
The witness then took the books of the
cabinet company and examined them to
find the state of the account between the
Tufts Cabinet Company, OF New York, and
the Indianapolis Cabinet Company. He said
the Index showed no account with the
ts 0n my He S then the ca1e kd If in
pany he ever saw the name of the Tufts
company entered upon them. He answered
name upon the books. He said the accept
ance on the Tufts company draft was in
the handwriting of the defendant, z. b.
of the defendant A. S. Reed He said the
cabinet company received credit for this
draft, and checked against 1t as so much
was never sent forward for collection. 1t
was taken out on Feb. 13, 1893, by note of
the Tufts cOmpahy for % ,nes 5gG dated da Feb Feb
note was taken out May Is. 1893. by a draft
of the United States Office Furniture Com
pany on the Indianapolis Office Furniture
Company, of New York This draft was
for $500, and was never sent forward for
collection 1t was never paid, ana came
into the hands of the receiver as part OF
the assets of the bank.
The witness, then began a history Of the
| other draft deposited on Nov. 5, 1892. 1t
cabinet company for $500. 1t was taken
| out Feb. q, 1S93 by draft of the cabi-
net company on the Wooten company for
$500. On that day IL was entered the
| "scratcher' as charged to the loan account,
but was not entered on the discount regis
ter and In the loan account till March 10,
1893. This draft of the cabinet company on
| the Wooten company for $500 was taken
| out June p by draft drawn by the cab-
| the same amount This draft was accepted
| by +. A. Coffin, president but was not
paid. The witness said when the original
| much cash. This answer was objected to
as the conclusion of the witness. and he
| cash. In answer to a question the witness
then said, purging the account Of the credit
Of of, these les. two drafts deposited on Nov 8:
would have been SOS, 1854.
| =. The books of the Boston branch were
asked TO examine the account Of the csbi.
| net company upon them and see IL there
| was any entry upon them relating to the
Il
| 22. He said he 'ound no such entry. The
| books OF the Woocen company were then
SrSuR 81 the % r 5na aWn by fE The an cam
date Of Feb % % 'sa He said ieny there was no
books of the Bos:on company were again
| referred to and the witness asked IL at any
time during the month OF Noyenlber, 1888,
there was an entry Of The $500 craft. He
| said there was no such entry during this
month. The witness then read all the
checks drawn by the cabinet company on
wv" "a to K" of the bank under date
pany on that day was charged with a
check for s6:014S4 and was credited with a
deposit of si.S1$;l6; The attention of the
of A,050.03. This was the amount of the
item after deducting the discount I; The
draft on % the London branch drawn by the
cabinet company. on that day a check
for 81, la was drawn upon the bank by the
then gave a history .of, the London draft.
draft drawn for $6.s255O This last draft
the London branch by the cabinet com
pany. This draft for s6.925.50 was never
out July 81. 1893. by 6, draft of the cabinet
/ company on the Lonuon branch for like
amount This last draft is now a part of
| The witness then took the books of the
cabinet company and turned to the ac-
asked to examine them to see if they CON
tained any reference TO these transactions
with London He examined the account
would indicate that the Chicago draft pur-
chased by the cabinet company from the
bank on that date and paid in Chicago had
The evidence was then directed to coun,
No u and the Questions pr1pounded by by
books Of the bank the witness turned tc
the account of the cabinet company under
s o aee At the eose Of
ness the day before. At the close Of bust
ness IS, on June II there was an oyerdraft Of
met company's pay roll amounting t
$3.50 had been paid in cash by the bank
On the same day the ssh cabinet aonosT9: com
to the. amount Of sll,2S6. O4
items. One a'osO of them e' was ' the % draft fol mfoi
sl,175.OS on R. Boxer & Co., of Mexico City
Mexico. which was introduced in evidence
on Thursday. The other consisted of sun
dry drafts aggregating ss,l54.52 Thest
drafts were produced and read. The de
posit ticket was in the handwriting Of a
8. Reed. None Of these drafts was for
the ''cash items" They should have beer
put in the remittance account and forward
the deposit of these drafts the account o.
the cabinet company with the bank wa:
| 0VerdraWn xlO,lU6.O8. These drafts were helC
as cash items till July IL, 1873. wner
| another batch of drafts, amounting Il
S12 SS, were put in 10 take their llac,
| and also to take 1he place of $,116.36 N
| drafts which had been sent forward for col
lection and returned unpaid. The witness
said that on July II, 1893 drafts to th'
amount of $12330.90 were deposited by tn
cabinet company. There were three drafts
one of them on the American Desl
and s. sssting ess IN Company. of Chicago
diana Cabinet Company, of Boston, fo
Sc, 733. 80. All of these drafts were held b!
the bank as cash items till the date o
the failure. At that time the overdraft o
the cabinet company was about $1,000
of the cabinet company till Aug. :, iS99
which was the day that company made nj
| assignment.
| The government then directed it's evi
dence to counts thirty-seven ana thirty
| eight. The witness turned to the accoun
of the cabinet company with The bank un
der date of March g. 1893. The accoun
of the cabinet company on that day wa
| overdrawn s., l47.J+ On the next day tn
cabinet company checked out sl7,7i0.95. Tn
cabinet company was credited with depos
it's that day amounting to $50. 4S0. 1t
There were two deposit tickets for tn
amount These tickets showed the deposi
| to have been made in notes for $10,4fl. A
| and a draft on Lordon for S6,5S564. TIL
other ticket represented notes and draft
| deposited making up the total Of the sun
| deposited on that day.
The hour for adjournment having ar
rived, the court was adjourned till o'clocl