The Yellowstone journal. [volume] (Miles City, Mont.) 1893-1901, 1894-04-21
BACHELORS TRIAL.
Defendant Takes the Stand in
His Own Behalf and
Gives Details.
The Cross-ENanination Was stiII Unde
When the United states Court
Adjourned.


the stand in the United States court yes
terday. and his examination was not con.
cluded at adjournment. Under questions
Of his counsel he went over in detail the
history Of his connection with the bank
explained the understanding between
himself and Stebbins as To the stock
transactions: read the letter from Steb-
bins received by him. announcing the
desire 10y London people TO purchase the
control Of the bank; said that he and the
other directors felt that il would ~ an
advantage To get Stebbins out Of the
bank on account Of his uncertain tinan.
cial condition, and stated that deposits
had fallen from $4,000 down to $4,000.
which he believed to be due To Stebbins'
connection with the bank. He said that
deposits bad increased from $4,000 to
$4,000 in lsg2. lie had always ex.
pected to pay the notes that he bad
given To the bank at maturity. or as soon
thereafter as he could obtain the money
Ia 10 50. While had taken the money
from the bank to send the $500 draft
for the Billings estate stock. he had be
fore deposited the proceeds of a loan
made with the National Bank Of the Re
public IN an amount greater than the
payment made. As 10 the entries in the
bills receivable register. the history 81
the note would be written 10y one person
AMI the time of payment 10y another.
As 10 the Merrill endorsement on the
900 note, he had probably neglected
to make the endorsement when he orig
inally entered il. He only had charge
OF the collection register, stock books
aud record books, and the entries made
in the other books would be merely to
and the boOkkeeper.
Concerning the reduced Interest upon
his notes witness said he conceived the
idea that the idea that il was no more
than right. 10 view of the fact Of what
he was doing Tor the bank and the long
time he would have To carry these notes
that he should get If at g per cent. On
july :. 1899, when he gave his personal
note for part Of his fathers debt the Sc
curity was not changed at all. As to the
Logan notes. he stated that the original
notes had been seut to Major Logan for
signature. and returned. He knew this
by the creases upon them; he had writ
ten several letters and could get no re-
ply, and the entries were made in the
E,nlr for ba ,,Yr,ra. . 49,, sh.,
old paper. 1t made an apparent differ
ence of sG69.is in the undivided profit
account. but the only actual loss to the
bank was s2}. He said there was no
showed just what they were. He gave
similar testimony as TO the Burleigh
items. He explained the election ex-
pense proposition as had the witness T..
+. Bachelor; claimed that the prop.
erty Of the Miles City Water and Elec-
trio Light company was worth $4,000,
and that the bank was secured by mort
gage. He explained the Selway note
transactions in accordance with his let
ter to T.. w. knight Jr.. receiver. hereto
fore read in evidence. giving additional
details. Witness denied the statement
testified TO by Examiner Wilson that he
had drawn out Of the bank everything
in sight on his and his fathers name.
1t isn't likely that man under indict-
ment would make such statement" he
said. Never mind about that. Mr..
Bachelor" said Judge Cullen, one of
his counsel.
Continuing. witness said he had ar
ranged for sale to johnson before he
purchased the Clowry stock. He claimed
the Clowry stock. He claimed that the
directors knew all about his business,
and said that at the time Of the purchase
OF the stock he had no intention Of us
ing the banks money. Witness spoke
Of the meetings of the discount com
mittee, and read extracts from the min
utes to show that his action was always
approved.
On cross examination witness admitted
that the entry Of the note on September
10th and the transfer Of the stock as OF
August ID would tend to separate the
transactions and make them appear dis
tinct; and said that he could not re-
member whether he bought the stock
from Wiley or not. After examining the
daily deposit balance book he read the
daily balances for the months in the
year 1880 up to and Inclusive Of Septem-
ber, after its purchase, showing that all
the deposits had ranged about the same.
being about 5000. He gave the total
| amounf of sfo.k v,avmants n, Stahh;ns