The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1900-01-26

Great Northern. which We sold. On the
ninth shares Of Reece Mining Company
and others.
o-Thsss were ali th e property of the
nrmf
A.-Yes.
Q-whst were the gross profits Nov.
LIST. 1892
A.-Ths books would show the amount
credited 10 profit and loss on our closed
transactions.
Q Were your profits regular or irreg-
ulari
A.-They were irregular.
Q-what do you mean By gross proftsf
A.-Prodt ana loss accounts. There
were some profits on other accounts.
The amount OF your gross profit
from Sept. 81 10 Feb. 1888 was 1s3, 457i
A.-About that.
Q.-How often were the profits credited
10 your accounted
A.-Lattsrly not often. Before thst IL
was our custom to credit them every
three months. Since then We have had
salaries credited 10 cur accounts and have
drawn from that. The salaries were crsd-
tied up every three months. This ar
rsngement hes been going on since Sept
1897. Ny salary for q quarter was $500
credited on January, April, July and
October.
@ Did you have n sreiitsd to you on
Esb. 1897
A.-rhs fret credit In 1893 was March
3iss. wien $500 was crvdised- June and
septsmber 81. 800 each was credited. This
WAS the last credit for my salary.
Q--Any credit for profitsf
A.-On October 2ssh / was credited
with s2,s09.
Q-Nsxt prior TO thatf
Ain February when II was s4,Too.
Q-Any credits for profits betwsen
these latest
A.-No.
Odd You get anything else from
the business besidss salary and prontsf
A.-AnI received appears on thess
books.
Q-Have you stated all you received
from the businessf
Ayes.
Q.-sinee Feb. 30 you have received
S12, 90 from the businesss
A.-Thnt sum has been credi ted 10 my
account.
Q-Ihe most Of that sum has Keen
used by you.
Ayes.
Q.-what Is the balance Of your account
todayf
1850. approximately.
0.-What were the gross credits to
your account since Fob, Iss7r
A.-Ths balance In February on my
account was sis. Since then there hn g
been 81. 500 credited to my account
Q.-So that the amount credited to your
account since February was $500 up
proximately.
A.-Yes.
Q-Tnas would make sis.s5o credited
TO your account altogether
Ayes.
@ SO you have usei $12, 000r
Ayes, bot as have said. my account
on Feb. Is, 1899, was oycrdrawn 5000
and this amount Is TO be so btraoted from
the gross am cunt.
Q.-Now turn to MIR. woodbury's ac-
COUNT.
A. From Feb. is TO Oct. %. go. the
amount credited to him was 81, 675.
Q-Now what was charged 20 his ae-
count for capital put In the businesss
A.-sl5, 200.
ses, 655 from Feb. 10, 1899 to Oct. 2s, '99?
Ayes.
@ So that In that same period from
Feb. 10 TO Oct. %, 1899, you and Mr..
Woodbury. had credited to your accounts
little over $s5. 0OO9
A.-You mean from profits Of business
and including saiaries9
Q.-Yes, that 10 what I mean.
Ayes. SIS. oao.
Q-Can you exp'a,n tbs use OF tloklsr
any better than MIR. Woodbury. did?
A.-This book WAS used by Mr.. Deer
ing for the purpose of proving his cash.
He entered In this book the cash items for
the purpose of determining whether the
amount Of these items correspondent with
the cash balance called for on the cash
boo X.
Q-How was the book used?
Ain making Up cash he woald put
all coupons together, Dash memoranda,
checks In the drawer and dollars and
cents. He made . total of these and
would List them up hare In the book In
oonvsnisut blockA In this way all oou-
pons made payable In New York were
put by themselves In envelopes. and 80 on
Ihsss envelopes were marked on the out
aide with tho amount the envelopes
called for In the cash itsms In the drawer.
From this amount he deducted the
amount Of collections. The Canal Bank
balanos was carried - cash. Ths oolleo-
ton accounts were the bonds and oou-
pons lsft with ~ for collection for which
We had uos pa Id.
Cup to what date IL the tsoklsr
fgursdf
A.-Nov. LIST, 30.
Q-Does 1t include that datsf