The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-06-29
KRAG-REYNOLDs AFFAIRS.
The Claim OF Jameson & JOss-YesteR
days Gvestigation.


A large number of the ATTORNEYS interest
ed in the Krag-Reynolds litigation were in
Room 2, Superior Court. yesterday after
noon when Judge Harvey took up the ques-
ton of allowing claims against the trust.
The only claim considered yesterday was
that of Attorneys Jameson & Joss, who
have asked for an allowance of 81 900 for
services rendered in bringing suit for re-
ceiver of the .Krag Reynolds Company
This matter came up before the court last
Saturday. but the claim was objected to by
Attorney W. H. H. Miller as being ex-
cessye. Yesterday afternoon Attorneys John
Il. Scott and Ferdinand Winter were called
to the witness stand to testify as to what
they thought the services of Jameson &,
Joss were actually worth. Mr.. Jameson
put long hypothetical question to each
of the attorneys, setting out in detail the
services performed in the litigation. Both
lawyers, at the conclusion of the question
stated that they did not believe a fee of
$l,O00 would be excessive. The attorneys
were questioned by w. H. H. Miller and
Lewis C. Walker. 1t was the intention to
have other attorneys give their opinion of
the jameson & Joss claim, but Judge Har-
vey adjourned court at o'clock and said
he would take up this matter with other
claims again on Thursday
The attorneys in the litigation were all
in the Circuit Court yesterday morning lis
tening to the testimony in the Krag-R ey-
nolds INVESTIGATION. At noon Judge Allen
postponed the case until tomorrow when
the Western Union Telegraph Company is
expected to produce certain kilograms that
passed between Indianapolis and New York
IN December and January last E. L. Nc
kee of the Indian National Bank, was one
OF the witnesses, who testified yesterday
morning. He described the transactions
between the Krag-Reynolds Company and
the bank concerning the notes for $28 900
at the time of the assignment Francis T.
Hord, of the law firm of Hord & Perkins
testified as to the service his firm had rem
dered the Krag-Reynolds Company He
said that before the assignment Charles
NJ. Reynolds came to him and said that
G GATE was pressing him and threatened the
paid at once. Mr. Hord said Mr. REYNOLDS
had given him to understand that the COM
pany had no mercantile indebtedness
Reynolds proposed, he said to buy in the
preferred stock and reorganize the com.
pany. Then the scheme was to make all
the stock common and either sell it or turn
II over to the banks and allow the banks
to conduct the business until they got their
money back. 1t was in New York that Mr.
Hord first learned of the true condition of
the krag- Reynolds Company. All efforts
at raising finances failed in the METROPOLIS
The banks there declined to invest in the
stock.
:, Nicholas McCarty Harrison and A. B.
Gates, who surrendered preferred stock to
the company and took notes, testified as to
this transaction. Mr. Gates explained that
he sold his stock to the company because
there had been q contract to pay him cash
for his stock in three years. The time was
up and he desired that the contract be kent
Nicholas Harrison testified that he accepted
the eompany's note for his stock and did
not know of the mortgage until several
hours after the note had been executed
Then he read of 1t in the newspapers.