The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1894-05-15

view nothing of the pant. The witness
had testified that the largest building was
2tOx35 feet and was three stories high. and
Mr. Duncan asked him IL he did not know
that the Building was l92x75 feet and four
stories high. This was carried on through
all the buildings. The witness said they ap-
praised three engines and seven boilers. and
did not know that there were six engines
and nine boilers. The witness said there
were more than a dozen buildings on the
ground. and when asked by Mr.. Duncan
II there were not thirty-eight buildings on
the ground. he answered that there might
be II the lumber sheds were called build
ings.
BY Mr.. Dancan-Is it not a fact. Mr..
Lauter. that you have been trying to or
game i company to purchase the plant
or the cabinet company for 500, 0c0?
WltneSs-Ies, sir.
On redirect examination by Mr.. Kern the
witness said he had been unable to form
a company to purchase IL for $4,000 He
SAID IL was worth about $l00,00 Mr.. Dun
can asked him if he did not subscribe TO
an appraisement In which the property was
valued at SlS2, SCI, and he answered that he
did NOT remember what the total appraise-
Frank E. Helwig. of the Indianapolis
Chair Manufacturing Company, was then
called. He was one of the appraisers. He
SAID the appraisement was made at the
cash value, under the hammer, at the time
of the appraise.nent. Mr.. Miller objected 70
the figures of the appraisement being given
on the grounds that the appraisement
should not have been made at the price
under the hammer, and especially at the
time when 1T was appraised. when you
couldn't get money on the check of the best
bank in indianapolis on the best bank in
New York" The court permitted the ques-
ton TO be asked, and the witness nswere
that in round numbers he thought the es-
adjustment was worth $2O0.OO0. He gave
the appraisement as follows: Real estate,
$4,000; buildings. Sl,750; machinery, s2S,l20;
horses, wagons. etc, 1913; office furniture,
$50; varnishes, S1,129; hardware, 1854;
stock in process of manufacture. $4,000; fin
ished stock, $50, 000; lumber, S2S,yci; logs. 81
06S; veneers, $1,000; accounts, IS, 7S0.73; total,
SIG, 1901.
said he thought there were about ten acres
of ground, appraised at $4,000. They APP
praised six boilers and four engines The
same systematic examination into details
was taken up in the case OF Mr.. Helwig
as had been pursued with the other wit
ness, and he was asked about the values
placed upon different articles. He said he
had been told by the attorney of the trust
company to appraise the property at a fair
cash value.
T. j. Christian, another of the appraisers.
who worked in connection with Mr.. Helwig
~terials, was then called. He said this in
cluded varnish, hardware, lumber. stock
and stock in process OF manufacture. Inc
total appraisement of this was $4,000. On
croSS-eXaminati0n he said the appraisement
worth to the cabinet company in the course
OF manufacture.
William r. Rexford. general ~bookkeeper
for the bank, was then called. He said he
did not keep the account of the cabinet
company on that book. The witness said
he was in the bank on May 9, 1893, when
the item or $4,000 was deposited, and Mr..
Haughey told e. E. Rexford to put two
Short-time drafts in the remittance account.
Haughey made the reports to the Controller
of the Currency, and figures contained In
these reports were furnished to Haughey
by the witness. The court then adjourned
till 2 o'clock.