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

ing for excessive loans" and when the wit
ness said he was. Haughey told him ne
facilitate matters, and the witness asked
him TO fill In these amounts from the book.
Haughey gave the direct liabilities OF the
London branch 10 be SlS,S9. The witness
said he talked with Hauglley about the
solvency OF the cabinet company, and
Haughey told him il was good, and that
the cabinet company had a large credit.
BY Mr.. Burke-Did he say IL had "a large
credit generally. OF with his bank
The question was not asked for the pur-
pose of eliciting Information. and was not
answered The witness was then passed
to cross-examination by MIR, Winter. and
was cross-exaniined in detail upon the pa
per about which ne had testified IN his
examination in chief. On REORGANIZATION
he gave the amounts of the paper found in
the bank at the time of The failure that
were not there at the time OF the eXamina-
ton. This included paper OF he Bosom
cabinet company S6,Ss2.Sa and OF the New
York branch 10 the amount Of N.sS6.Se.
Mr.. Ross Massey, residing at 561 Ash
street, was then put ON the stand. He was
the stenographer employed by the cabinet
company, and was introduced Tor the pur-
pose of Identifying certain letters writ
ten by the cabinet company. The witness
said all letters %purporting TO be signed
by L. A. Coffin were dictated by L. A.
Coffin, and the letters purporting to be
signed by II. X. Coffin were dictated by
him.
Coffin To II. Il. Coffin while the latter was
in London, the purport of which was that
he had opened NEGOTIATIONS Tor the pQI-
chase of the Wooten company. giving the
terms of the purchase. Il. a. Coffin thought
IL advisable 10 make the purchase. and in
this letter suggested the organization OF
the side issue corporations, in order that
they might reduce their Indebtedness ana
make II appear upon tne BOOKS OF tns oano
these companies.
John NJ. Roberts was then called 10 the
stand. He said he had resided in the city
for fourteen years. AMI had been connected
with the cabinet company. veneer and panel
company and tie indianapolis Office Furni-
ture Company, whose place OF business was
in New York, where It's office Was also To-
Gated. He held two shares of stock In the
company, valued at $50, for which he paid
nothing, nor did he handle any OF. the funds
Of the company as treasurer OF the COM
pany. The witness was not cro~ss-eNanined-
COMPANIES WITHOUT BOOKS.
Arthur Holiday. bookkeeper OF the cabi-
net company, and for the receiver. testified
that he found no books Of the veneer and
panel company. and was told by Reed that
there were no books of this company. Tho
same was true of the pillow company. The
witness said that while he was preparing
statements to send TO customers about
Sept. 1, he asked Reed about a credit to
that company appearing on the books OF
the cabinet company. and Reed told him
he had better leave out a credit OF SZlso3O
by notes, as Mr.. Horton would not know
what was meant by IL. He was not cross
examined.
Frank L. Reed testified that he was
twenty-three years OF age. and was con-
nected with the cabinet company and was
secretary of the United States Office Furni-
ture Company. He held no stock in the
latter company and knew none of its Off
GERS. He was not cross-examined.
Samuel A. Morrison, bookkeeper OF tbs
bank, was called. and testified that he kept
individual ledger L to L." and furnished
Haughey the amounts of overdrafts when
he made his report 10 the Controller OF the
Currency. He sometimes received deposits
made by the cabinet COMPANY. On July IL,
1893, he received a deposit of $3.50 In paper
of the cabinet company, Which was credited
to the account OF the cabinet company. on
cross-examination he said he was certain
he received tbs deposit and that the amount
was credited under general instructions
from Haughey.
stand. He was a stakeholder ia the plow
company, whose factory was situated in
the rear of the cabinet company, but it
had been two or three years since IL had
been in operation. he had no knowledge
that he was a stakeholder In the New York
branch. He said he acted as trustee in the
transfer of a patent TO the United States
Office Furniture Company from the cabinet
company. He paid 81 for II, and received in
consideration of the transfer 5000 i'm stock
of the United States company.
On cross-examination by Mr.. Duncan, he
said he didn't remember whether he was
one Of the incorporators of the New York
branch. AS the witness was. leaving the
room he was called back by Judge Baker
and asked: us the signing of articles OF
such frequent occurrence with you that you
can't remember this particular transac-
tion? Amid the laughter of the court he
were that il was not.
H.. c. Van Anda, exchange teller of the
bank. was then called, and testified that
all the exchange issued to the cabinet COM
pany was issued under the general instruc-
tions of Haughey. The court then adj
journed till this morning.
Juror stones House burns.
Datar Stonar q iuror in the hank coea