The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-01-05

tai behind it the property there would
depreciate considerably in value"
Mr.. jackson, at one point, miscon-
sfrued the witness, whereat, with great
dignity, Mr.. Bassett said:
L am here telling the truth, sir. and
L do not think it is fair for you to mis-
construe my statements"
The noon recess was taken at this
point
In the afternoon the attorney kept at
the witness relative to the decision of
the trust company in the bond matter,
and asking for written evidence of the
doings of the committee.
We did our business just the same
as any other bank or corporation, %
said the witness. "In this case 1 came
back and made report to the COM
mittee''
WAS that in writing?"
mo, it was not
Have you a distinct recollection of
that report?"
Il know this. / went down there TO
formulate report, and when 1 came
back, unless 1 was insane, I made it,
The substance of that report was that
l didn't think there was any other way
out of the matter but to dispose of the
collaterals to the best advantage for
the creditors, to preserve the best in
terest in the property. l had looked
the matter over, and / called it dead
town. / had met number of the Pull
man stockholders there, and they said
they were done with it, and wouldn't
put in any more money"
did your visit to Chicago satisfy
you that the security for the bonds was
good?"
1T satisfied me that the security was
not good. I had been doubtful of 1t
for some time
There was a little tilt between attor-
ney and witness at this point.
Did you at any time make up your
mind that the sale OF those bonds for
10 cents on the dollar was the best
thing?" asked Mr.. Jackson.
Il would like to answer that in my
own way"
81 don't want you to. I don't intend
you shall argue this natter
well, you use considerable argu-
ment in asking the question and 1
claim the same right"
The attorney succeeded IN shutting
out the answer, although Mr. Bassetr
claimed the right of the court.
explaining his position in the matter, the
witness stated that he had reported to the
committee the value of West Pullman, and
Lad talked over several plans for the bonds
He had given it as his idea that if nothing
better could be done, it would be best to
accept one of the plans, although every
creditor should be notified before any one
was accepted, to give them an opportunity
of being heard in the matter. The witness
was asked relative to certificate he had
signed, with others, Jan. IS, 1895, in which
he put his name to statement to the
effect that the property was good security
for both mortgages, and frst-class security
for the first mortgage
THAT is to say said the witness, that
it was good Security if money was put into
1T, and the original plan was carried OUT
Taken for cross examination by Judge Bel
den, the witness was allowed to answer a
question which was asked by Mr.. Jackson
relative to the consent of the witness to the
sale OF the bonds
Whatever l did in this matter" he said,
81 did from the purest motives, and for the
benefit of all, and my conscience will never
trouble me. l want to say that l have
Travelled this life for four score year, lack
ing two, and it has remained for Capt. Hart
and the Minneapolis Sunday Times to be the
first to designate me as thief and con-
spirator.'
Mr. jackson produced the petition to the
court for an order for sale, and read it to
sale of the bonds, which allowed amy creditor
to come in and participate in the purchase.
The witness stated that Mr.. Hamblin had
been instructed to notify every creditor by
letter Of the order to be asked Of the court,
and it's several features. The witness had pro-
posed that feature himself and he had under
stood that the order was carried out. The
order of court read to the jury, also embodied
an order that all creditors be given a month S
notice before the sale was made.
A letter to Rev. William Johnson, of Co
hoes, N. Y, was read, which explained the
sale, and the plan, being in answer to one
received by the trust company from him.
The circular sent out by order of the court
was introduced and read to the jury by
Mr. Jackson. This ended the proceedings for
the day.