The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-04-13

This was the oVerdraft as shown on the
books of the cabinet company for the dates
named According to the books of the bank
the oVerdraft on June IL, 1893, was but ST.
691.2S on that day the cabinet company
deposited $11 ,2S6.04 and drew out "a
According to the books of the bank the
overdraft of the cabinet company on June
80 was O7.SS. The witness said the over
draft was reduced by crediting the COM
pany with the $4,000 and $1,000 worthless
paper deposited. He said without this pa
per the overdraft would have been about
S62 600 on that day. The witness said on
June 10 the account OF the cabinet COM
pany was overdrawn S621 16 and on July u
IL was overdrawn 50, 1856. The witness said
that during the whole of the time between
these two dates there was an overdraft by
the cabinet company During that time the
company was checking out money day by
day. The total amount checked out was So
1S2. 10. On July ID the company made de-
post OF s nn tb in hs ca in swS
Company, of New York for S., 1880 and the
other on the Wooten Office Desk Company.
of Richmond. for S4,7S0.50. These drafts
were put in the loan account. and the cab
met company was credited with that
amount of money. They were never sent
forward for collection. They were in the
bank at the time of the failure
The witness was then given the books Of
the United States Office Furniture Com
pany, the drawer of both the drafts above
mentioned, and turned over to the account
with the Wooten company. He said he
count He then took the books of the
Wooten company and was told to turn TO
the account of the United States Office
Furniture Company. He said he found no
directed to look in the bills payable account
and said he found no entry of the draft.
He was then shown the minute book Of
the Wooten company, signed by F. A
Coffin, president, and asked to read the
statement Of assets contained in il. Mr..
Winter objected to this and said the book
itself was the best evidence
BY Mr.. Kern-"The book will be put in
evidence.
wOOTEN COMPANY ASSETS.
The minute book was then read. 1t
showed the assets of the Wooten company
on July 1, 1893, to be as follows: Stock.
ss5OS5; patents, sSO,175; cash, sl.15; accounts
receivable, S5,24634; bills receivable, SIG % /;
furniture and tools, s2.S9ss1; profit and
loss, s9SS.7O bank, $3.50. The liabilities, ac-
cording to the minute book, were: Capital
stock $4,000; accounts payable, sS46.sS; due
Indianapolis Cabinet Company. $911525.
The witness was then told to take indi-
the cabinet company on Feb. 90 1898: They
were for a amounts nc. as follows: S2sosO $3.50
duced and also a draft on Chicago pur-
chased by the last check. Inc witness said
the draft had been paid from the funds Of
the Indianapolis National Bank on deposit
i'm Chicago on the same day the books
showed two credits, one of $iS9.61 and the
other of S.4l9.50. The larger was by draft
on the Indianapolis Office Desk Company,
Of London The witness then took the dis
count register &C." and said 1t showed an
entry of draft by the ca Linet company on
the London company for IS, $3.50 This
draft was never sent forward for collec-
ton. The witness then described how this
draft was renewed by others on the same
company and the renewal drafts remain
with the receiver.
The witness was then s,reeted to take
individual journal Wv" "A to X" Mr.
Kern said the evidence to follow had refer
ence to Count of the Indictment. He was
asked what this book showed. and said Il
showed that on July IA. 1893. two checks
drawn by the cabinet company had been
paid by the bank. The checks We're for
slls,.ls and s., 2S2 10. The first tcheck was
made en- the return draft OF T. SBoker &