The Portland daily press., 1900-01-27

4ula otuAt oatauoe cofMs tae t-tStU
which the bonds cost ua We had "a Of
these bonds. The railroad company de.
faultsd and We held " Of them al this
time. We believed them 70 BE- perfectly
good for thsrs had bssn fraud.
Mr.. Erssman-ws won't 20 into that.
Mr.. York went on to say that the
Allegheny " Kinzus bonds owne by
the firm we're exchanged for Central New
York and westsrn bonds. These were
pledged .for. ansthsr Ioaa Of ours.
Mr.. Fresman-Ths American Writing
Paper bonds In the Bradley q veriili
circular are mentioned at 10000.
On the schedules only $4,000 ara 90
counted for. What became Of this O. 0o0i
A.-Ths iend was sold. The sale was
startsd sometime before the assignment.
but We did not get returns for IL until
after the assignment.
Q.-Was It . sale before the assigpmenti
A.-Yes.
Q-why did not the Bradley g. vsrrili
circular show $4,000 instead Of 90. oo)f
A.-Ths books called for $4,000 Of
thess bonds. Ons hsd been sold +, but
the return did NOT come in until after the
assignment, when the sale was entered
up.
Q.-Are We 10 understand that neither
the schedule nor the circular are 10 b
relied upons
ALL was ~ I have explained IT,
Q-whsn ives the sale Of this bond en-
tsEsd on the booksf
A.-On Mo-. sth
Ono ere ,ssms TO have taken tn .
trouble t, ,eou it for that 1000
Allie books account for IL.
Q-Ihs schedule Is meant 70 show
somsthing, 10 u uotf
A.-But that 81 900 bond did not come
into the hanes Of the sss!gnsss. IL was
cold AZ havr explained.
Q.-whsn did you receive that u ,00of
{: Awe did not reosivs It. II was AZ
piled to pay thslproduos Exchange Trust
Co. OF New York for loan we had Of
them.
Odd you make ths salsf
Ar. l.. Day & Co. had an order to
ssli thsss bonds, and they sold this bond
for Us.
Q.-Do the items appearing on the sx-
psrts' report represent the standing of
the several accounts or do they represent
the holdings Of the designated bonds.
A.-Thsy represent the balance called
for on account.
Q.--Plonss read what she experts report
has TO say - 70 the books Of your firm.
A.-Ths report says, 'Ths books appear
to have been poorly kept, and are full Of
errors."
Q.-What elsef
A.-Ths next state rent ID that "tho
accounts In the general ledger for No.
vsmbsr do not balance. The cash book 10
not correctly balanced and shortage Of
%. 600 OCCURS.
Mr.. York continued to read from the
report which show cd the method of max
ing up the cash of the nrm. already sx-
planned. Mr.. York said he did not think
the report to be . fair statement.
Q.-whas 10 the amount Of cash on
hand stated In tbs Bradley & Verrill dr.
cularf
A.-&5O0.
Q-What IL the datsf
A.-Noy. 18th.
Q.-How did II happen to be just t500f
Mr.. vsFrill-ThHt was approximate.
Q.-What was the amount turned over
to the assigEessf
A.-The assignees' accounts win show
This didn't mean money In Canal
Bank. IL meant the amount In the
drawer. including ooilsotAbls coupons.
Q.-The experts report says cash
s27s 70. Can you explain the apparent
difference between this and the amount
stated in the oireularf
A.-Weli, there was tbs bag Of nickels
SCI and various coupons which were in
oIuded In the circular aggrsgating
$i7s.75 which made the cash approx
matsly $500
Q-Is any mention made FIN the Brad
ley & Verrill circular Of thsse oouponsf
Al don't see any mention of 1t.
Q.-At the time when you divided the
profits how closely did you out down to
the oapitAls
Ave Transferred the profits from
ths profit and loss accounts
Q-whsn you had divided the profits
you had out the capital down to nothingf
A.-No.
Odd you leave enough to cover the
depositorsf
Ayes.
Odd your
Al thought We did.
-Q.-when were the trial balance
sheets made outS
AIR. Dsering was supposed to make
them monthly.
Q.-Did hes
AL don't know. i regarded them
as a test Of the accuracy of the bookkeep-
Ing, that IL all.
Q-WhAt gave you the amount of your
spending and your standingf
A.-The LEDGER.
Q-You know nothing Of the sta nding
of the firm excepting from the general
which , on hsdf
A.-Ihat IL all.
Q.-When you said ye,tsrday that Deer
insJwas an embezzier to certain extent
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