The Portland daily press., 1900-01-27

o.-The money al not 90 10 make mp
maturing notssf
| A.-Na
Q.--And tho so7s0 loani
A.-That was Q new loan. The proceeds
went TO pap for our subscription TO che
United States Pipe and Cast Iron com.
pany.
a. On July 10th.
A.-sIo,oo0 loan on the Produce Ex-
change Trust company. II Is renewal
or an old loanf
/ A.-That's the one we were talking
stout awhile ago. The collateral for that
note SO, TOO Grand Rapids bonds and
twenty shares Of the Trust company
stock. The proceeds Of the note were
used to bug the stoak.
Q-whsn was the security d,positedf
| A.-Whsn the loans were made.
Q-Sinoe July did you cut down any
OF your loaus with Portland banksf
Al don't reooileos any.
Q-Do you recall any requests from
loosl banks for payments OF notes or in
crease OF oollatsraif
Ayes, the First National bank, on
Il
| Q.-Any other such casesS
Al don't recall any. We have sx-
changed collateral Al other times At tbs
request OF the bauks.
OWN the backs show II there arr
any cafes Of exchange or inorssss OF COL
lateralY
| Al have no recollection Of their AK.
ing fol anything Of the kind. sxcspt per-
haps an exchange Of collateral. whers
been considered By the banks as srihe
slow.
Mr.. P,sros-Doesn't your collateral
book show all the ACTUAL exohanges
AYES, It shows that certain collateral
was taken up but not the details OF tie
sutstisutien.
Mr.. FrssmAn-What position did Mr..
Dssring occupy before he came to your
firm?
Ale was at work ON Commercial
street.
Odd you know he was bookksepsri
Al didn't know anything about bis
expsrisncs on books.
Q-how much and on what dates have
you paid your wife. within the last six
mopthsf
Al am unable to state the sum, but
regularly about $i5 per week.
Q.-At the Nue Of your assignment
did you have horses
A.-My wife had one She owned the
horss which this one replaced.
Q.-Do you recall At any time assistancs
that was offered your firm In the last few
monthss
A.-No.
Q.-Have y.u received offers of assist-
anoef
A.-No.
Q.-HAys you applied for anyf
A.-No.
O -Bsfore assignment did you think OF
tiding over your affairs BY loan.
A.-No.
Odd you come TO the ooncl usion
that there he'd been too much shrinksge
In your securities TO tide you over.
A.-No. The change In the value of the
Crystal Water company's securities made
that impossible.
Q.-From your knowledge Of the affairs
OF the oonosrn what per oentags ought to
be paid after November ittf
A.-After the assignment.
Q.-Yes.
Mr.. York-Is that . question I must
answer. Mr. Referees
Referee Pisrcs-You may answer IL II
you oan.
Q-You may estimate TT
Al can't.
Q-why not?
A.-Considsrable deps nds on the way
the assets are handled.
Q.-Can you give airy limits as to what
the per centage may conner
A.-NO.
Q.-Does your general knowledge err
able you 70 form the slightest conception
Of the per csntagsf
Mr.. vsrrill-Aftsr the assignment
Mr.. Freeman-It don't make any differ. |
snoe that can see.
Mr.. York.-It makes all the difference |
In the world.
Answer the question.
MIR. Ycrk-Had It not bseR for the diff |
culties We could have paid dollar for dol |
lar. think there was remarkable |
shrinkage, a tremendous shrinkags In |
cur Asseta.
Q.-Can't you give the fsursss
A.-No.
O.-There was . check drawn for K. A. |
Noyes for $1,000 just before November 1st |
What was IL drawn f0rf
A.-That was given for q bond left |
with us for collection.
Q.-Whose bond was 1T
Al can't say. His / presume.
Q.-What bond was 1t.
A Cincinnati bond. We sent 1t of |
for collection when We received the |
money We paid for him.
Q-Ihis indicates that II was paid to
him on that datsf
Ayes
Q.-wAs he paid by you before you col |
iscted the bondf
A.-No.