The sun. [volume] (New York [N.Y.]) 1833-1916, 1894-10-16
CORDAGE SECRETS ON TAP.
,ooYErrpgR DAVENPORT WAS TO
sytt BgtR FiCTS TO HUME.

, WAS. year Esd More Before the
.,s-..h-III- FiEures showed Heavy
,... s.a He Was TO Get sso.o geo s,s
49,. for m-superisteudest Byrnes
,,,.rrsred-The Co-trnet Declared Void.
s,., srst case called in Part II. Of the SUI
=, ,,our, Yesterday morning was breach of
s.,,.rt suit,with Nisbet V. Davenport rs plain
,,C and George u. Hulme as defendant The
All, was for 5000, and before 1t was over
.,mc interesting facts came out about the state
~ affairs in the Cordage Company a year and
more before the busting Of the same"
in December. 1890. Davenport was engaged
nv the National Cordage Company as head
hook keeper In the Front street establishment at
.salary Of S25 week. Hume was interested
in cordage to the extent of carrying a million of
long stock. About February or March, 1892,
like some other people. Hume was anxious TO
know what the real condition Of the company
WAS One day he was told by W. r. Roser, of
2in Dean street, Brooklyn. a relative Of Daven-
port, that for certain consideration Daven-
port would furnish true statement OF the
profit and loss account of the National CordaRe
Company. Hume jumped at the chance, and
Roser made appointment for Davenport TO
meet Hume and talk over the prospective deal.
on April 90. 1892, the two men met In an office
In W all street, GtTo tHtN lntO " NtTDbl
contract in which IL was agreed that IL Daven-
port would furnish Hume with true state
ment Of the profit and loss account, Hume would
give him $50. 900 in cash and sell short for him
500 shares Of National Cordage in anticipation
OF the tumble in price which the leakage Of the
information would bring about. Roser was
present at this interview. and agreed to act as
60 between for the two men for n consideration.
Davenport was to draw up and sign an affidavit
that the figures he might furnish would be accu-
rate Davenport was kind enough to give hint
10 Hume, before the deal was actually made,
that Things were not what they seemed with
Cordage, and Hulme began making preparations
at once not only to get rid OF his holdings, but
to seldhe stock short on a large scale.
May Il, 1892, was the date set on which Day-
export was to pass over the figures TO Hume.
Three weeks before that date, it appeared. Dav-
export received word from Superintendent
Byrnes that he would get himself in trouble IL
lie gave any outsider information about the
say the least, startled Davenport and Hume. II
was evident that their proprossd deal had
go ahead. SO on the evening Of May. IL, at $3.50
o'clock. Davenport, Roser. and Hulme met in
eat adjourned to Hulmc's rooms, in an
apartment house in Twenty-seventh street,
Roser did not accompany them at once. but re-
NAMED in Delmonicois saying he would be over
and on them t nj In o few moments SO the other
the deal when suddenly there was a knock upon
the door and In walked First vicc-President
Wall and Second Nice-President Marshall OF
the National Coriage Company. Without wait
ing to ask any questions they turned upon
The company's confidence They became &C. angry
and began calling him uncomplimentary names
coat by force Then. after discRsrsinS him H os
the spot from his place as bookkeeper OF the
Wnims and Dayrnnort y,ere ~ Him, a, n, o., ,,,
on with the deal. ard began talking about Il
again when "A boy arrived with note from Mr.;
nS HSis syrnss and TIA, both
lad before
ing ing; This 50 scared Hume that he called the
thing more to do with the figures. lie put
Davenport and Roser, who had arrived in the
mean time ont Of his rooms Davenport tried
which Davenport had already given him.
Davenport and Hume AS told by both OF them.
Consequently it was simply left to Judge Freed
tween Davenpert, and Hulms was a valid con-
tract or not, The lawyers for the plaintiff were
PENDANT, Weliman. Dickinson, Nicoli 4 Brown. |
Roser was put on the stand first and told the
Iiulme. as printed above. He also stated that
, he himself had sssfd on The knowledge Of Ma
davenport, and that he had traded IN The sto S
number ftimes, and every time but once had |
lost money. Plaintiff Davenport was the only |
other witness called. He told the same story as |
Roser had told. Then Mr.. Gerber picked IN a |
small piece Of paper and handed IL to his client
What Is that paperir he asked.
This paper" replied Davenport, lis the |
statement of the profit and loss account Tor |
OOO" " ~ VIZ Wv
Are the figures correctf"
Yes; made an AFFIDAVIT to them
Then Mr.. Gerber entered the paper as evil
dence and read IL to the jurors. These are the |
figures:
DIyIpENps