St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1894-06-14

it can be received. and no proper
ever"
"At this time l desire to make a
statement" continued Judge Shaw.
1T is the desire of the defendant and
counsel to use as much economy
as is consistent with his rights in
this case. l would like to interpose
the same objection TO the evidence
offered all through the case that
was offered to the indictment"
This was agreed to and it was
understood that the objection, its
overriding and exception should be
noted in each case.
The entire day last week Tuesday
was spent in examining the records
Of the directors meetings. A one of
these meetings in Jam, 1891, Menage
called Streeter to the chair and re-
signed as president, but the directors
refused to accept his resignation.
The special, meeting held Juue %,
1891, was the occasion of the order
ing Of seven per cent dividend, af
ter a glowing account Of the earn
1ngs OF the company had been pre-
sented by w. S. Streeter. Later ar
rangements were made for carrying
the proposed building on the books
as an asset and forming a new COM
pany. At the December meeting
Streeter made a report and a
dividend of 4 per cent was declared.
The evidence all showed that Street
er ran the business in Manages
absence.
Wednesday was spent in defining
Streeter's official powers and in
hearing the testimony OF Henry E.
Fletcher. Streeter's attorney SUBJ
jected Mr.. Fletcher to a severe cross
examination, but could not break
down his testimony in any partic
Streeter his place with the company.
but when L saw Mr.. Streeter,"
answered the witness, Il told him
that l wanted him to bear in mind
that, although my name appeared
as a director, l was not familiar
with the business and l wanted him
to make any Investigations for him
self and not because | appeared as
director. | remember two later
converse tions, one of which was in
St. Johnsbury, VT. In that CONVEX
sation l told Mr.. Streeter that Mr..
Menage wanted man that l could
recommend to work along with his
brother, Henry Menage, in the office
and have general oversight of affairs.
Later Mr.. Streeter told me that Mr..
Menage had made him an offer. He
wanted a man who could make bust
n re
the East. | think Mr.. Manages
offer was $4,000 year"
In cross-examination it appeared
that Mr.. Streeter had told Mr..
Fletcher that his health was poor
and that he must leave.
did you urge Mr.. Streeter to
come to Minnesota ?"
Il did not"
Did you in that conversation
caution Mr.. Streeter about the COM
panv?"
81 did, sir. 1 cautioned him at
both times. | thought it a good
opening for him and l had him in
mind for some months before saw
him. l only did for him what l
would have done for any friend.
On redirect examination, Mr..
Fletcher told Mr.. Peterson that he |
resigned from the board of directors
because the meetings of the discount
board were not held and he was not |
invited to attend them.
Last Thursday there was a lively |
tilt between the opposing lawyers.
Judge Shaw objected in very forcible
language to having the state bring
in all the directors to saddle the
on the defendant. To
this Mr.. Nye replied that if it appear
ed in the trial that any other director
than Streeter was guilty of wrecking
the company he would pledge his
word to have him arrested and con-
victed. The testimony of that day
showed that Streeter attended all
the directors meetings and was con-
assuring the directors that
that they had a gilt-edged invest
nent and s per cent dividends.
AMONG THE COLLEGES.