The record-union., 1898-12-23

roborative Of the testimony of Root
His experience was the same
The next witness was c.. K. Nc
Clatchy, once director in the associa-
ton. As such he learned that the notes
and mortgages Of the association were
once pledged to the D. o. Mills Bank.
He made no objection to the pledging
Of the securities The foregoing evil
dence was allowed against plaintiffs
objections, and there was no cross-ex-
animation
In the afternoon a number of records
from the minutes of the association
meetings were offered in evidence.
Cashier Dillman was recalled to tes-
tify what notes and mortgages were at
any time delivered to Alsip prior to
January, 1898
Albert Elkus was then called for the
defense. He testified that he was once
member of the Board of Directors of
the association; he knew the Secretary.
Alsip, and knew that he transacted the
business of the corporation. He heard
II said, at directors meeting in 1895,
that 1t was necessary to borrow money,
and he thought there We're stockholders
at the meeting, though whether there by
call or voluntarily he did not know.
On cross-examination witness said he
was defendant in an action pending
against him by Receiver ONen. the
action being for the recovery of sums
alleged to be due on shares of stock.
He was director, and as such gave no
bonds for the fulfillment of his duties.
He never investigated the affairs of the
association, but read Alsip's printed
report, and assumed it to be correct.
He did not know whether the report
was spread on the minutes at any time.
meetings after that at which it was ar
ranged to borrow the money
On cross examination, the witness
thought there was a written report Of
the Secretary, as we'll as a printed re-
port, though he was not sure whether
these reports were at the same meeting
He never questioned Alsip concerning
his report. Witness remembered that
he was elected a director in February,
1890. He had been a director in other
corporations.
George G. Locke testified that he first
became a member of the association
before 1891. His testimony was largely
like that of the other witnesses exam
ined during the day, in that he was
never notified regarding the transfer
ence of his stock to the second corpora
ton.
John Scott, bookkeeper for Receiver
O'Neil, swore that he found 663 original
and 80 renewed certificates of stock by
examining the books Of the association.
He found no deed from the corporation
of 1874 to the one of 1891, though he
had carefully examined the books in
the Receivers hands.
r. T. Cohn testified that he was a
stoekholder in the association and had
been such since 1883. His evidence cor
roborated that of all other witnesses Of
the day regarding the old and new cor
porations He was never notified that
his shares of stock were transferred
from the old to the new corporation.
Henry Burnham's evidence was that
he was a stockholder fifteen years ago.
He corroborated the evidence Of Cohn
and others He never heard of any Sec
ond association.
William Mclaughlin was next called.
He remembered that he and Sol Davis
were appointed a committee in 1898
! to look over the books and investi-
gate the affairs of the company.
Alsip's figures seemed to be all right.
He was never aware of the formation
of a new corporation in place Of the
old one.
The articles Of Incorporation of the
association were read and made part
Of the record, after which court ad-
journed until this morning.