The Indiana State sentinel. [volume] (Indianapolis) 1868-1895, 1894-04-18
AFTERNOON SESSION.
More Testimony Tending to Show
CrOokedness Brought Out.


After the adjournment for dinner the
cross-examination of Nutting was taken
up by Mr.. Winter, who brought out
from the witness the facts that when
the books for the new concern We're or
dered by him he had been informed that
the business was to be conducted under
the name of the Indiana cabinet COM
pany and that the goods began arriv-
ing shortly after. consigned to the Indi-
ana cabinet company; that they were 50
consigned while the business was con-
Quoted until the sale TO Pierce, and that
he always receipted for them as gen
eral manager OF the Indiana cabinet com
pany The crOSs-eXaminatiOn further
brought out that the witness did make
his reports to the indianapolis office as
general manager Of the Indiana cabinet
company. The date of each draft was
then taken up and the witness asked
what was the condition Of the Indianapo-
lis cabinet company'S account at the date
each draft was drawn according to the
books of the Boston branch. BY COM
putting the goods received from the cab
met company to be sold by the Boston
house il was figured that on Jan. Is,
1893, it owed the company $4.612.71; on
April 4, S9,412: on March 10. S,OSS.22; on
July 4. $13.07s.5S; on July 13. S15.756.S3.
When the inventory was taken on
July / the total merchandise on hand
amounted to s13,960.93 and when the bal
ance-sheet was struck off on July Is.
the stock on hand was Sl2,979.35. Wit
ness said the actual assets on that day
were SO, 2S9.3S and the liabilities $16,-
1857. On July 81 the total assets on
hand were $2O,734.95 and there was owed
TO the cabinet company. the Richmond
branch and the United States Office fur
niture company, S17,97161. of which there
was owed to the cabinet company $l4,-
PAP 50.
Hornets Nest.
The eross-examination of the witness
was taken up by Mr.. Winter and he
drew a hornets nest down upon his
head by bringing out from the witness
that on the day of the sale to Pierce
Coffin had told witness to stay and take
charge as before and to pay Pierce, the
new owner Of the house. a salaryof SIS per
week for helping him. This produced
a sensation, but Mr.. Winter appeared as
though it was Of no consequence. Coffin
had also told witness that he had
thought of transferring the business TO
him.
Witness had quit four weeks later and
one attachment had been issued against
the house before he left, but which was
settled. He had also sued the company
for 5000 due on his salary and had filed
another suit for damages and his share
of the profits.
Witness appeared somewhat reluctant
under the cross-examination and it was
after some trouble that Mr.. Winter got
out Of him that he had brought a suit
for $l.500 for his share Of the profits and
damages.
Mr. Winter-"Now you sued for S1,50O
as your share of the profits and you
1a1f hot 1aQf
So 900 in profits, and yet you were re-
porting the business as losing money
hadn't you?''
Witness hesitated and it was shown
that in his last two statements he had
reported losses of $500.
On redirect examination the witness
said he had been instructed by p. B.
Coffin after the sale to Pierce TO pay
Pierce SIS per week for helping him.
Mr. Burke-"Now, were you aware
that on the dates you say the books
show these sums due the cabinet COM
pany and when the drafts were drawn
and when the goods sent you by the
cabinet company for sale were counted
as that much due them. that there were
outstanding against the Boston branch
accepted drafts to the amount of $685.
O0O?'
Mr.. Nutting-''No. sir, was not"
The goods received from the cabinet
company, witness said. were not TO be
paid until sold and were merely credited
TO the cabinet company 10 keep q memo
randum Of their value and to show the
cabinet company how the business was
running. In counting so much due the
company he did not mean that much
money. but that value of goods received
from the cabinet company to be sold, and
not TO be paid for until sold
He said the largest actual assets ever
on hand al one time, not counting what
had been received from the cabinet COM
pany, was $4,000. The Pierce notes had
been entered on the books and were
thirty-four in number. amounting to slo,-
1912.
Broker Donald Testifes.
The next witness called Henry w.
Donald Of New York. who was in the
real estate and auction business, and
who had been the auctioneer who had
sold the Pierce and Clark notes a I public
auction. From this ON during the re-
mainder OF the day the testimony was TO
show the fraud in the sale Of the Bos-