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

w.
OF the business aud you with the remain
dsrf
ADO you want the basis OF the part
pership after Mr.. Moulton withdrew
Q-Yea
Ale was two-thirds and ons-th,id.
Q.-whers are your articles Of partner
shipf
Q.-Neitbsr you nor Mr.. Woodbury. con-
tribrtsd any oash altar Mr.. Mouiton
withdrew
A.-No.
Q-You drew from the water Works
surplus account Cor the new oapitslf
A-Yes, and &c was Mr.. Mouiton's in
tsrsst 10 this account which made out
his 5000.
q What was the amount Of this Water
Works surplus at Mr.. -Moulton's with
drAwaIf
Al don't now.
O Was the amount paid Mr.. Nouiton
Q reasonable sum or did he make some
discount to get out'
A.-No, he made no discount. 1t was
reasonable sum. We thought bis interest
was worth that to Us and we paid hin-
that amount.
Odd you take an account Of stoo&
to determine the value Of tbs stooks
Al am unable to state.
Q-1hen It is possible you did not
Al was away when the transactio
occurred.
Odd you sign any papers in oon-
motion with 1t!
A.-Thers was . dissolution agreement
which saw. but don't know whether
I signed 10 or not.
Q.-Do you think you became a party
to this agreement
A.-Yes.
Q-Then you had some Idea of the
amount In the businsssf
Ayes, soma
Q-This knowledge extended over
broad field didn't itf
A.-Yes.
OIL included money loaned. Dor
rowed and on deposit and securities Of
vary ing valusf
Ayes.
Q.-Thsn you arrived at an un der
standing OF the business without trial
balance being madss
Al never saw one.
Q.-You don't know whether one was
made or not when your partner with
drswf
Al can't recall any.
Q.-Your agreement with Mr.. Wood
bury under the present partnership was
40 psr cent for you and co Per cent for
mimi
A.-Ysa
Q.-was this the same In 1907
A.-No. 1t wss then two-thirds and
one third. Later 1t bsoame Go and 35,
and within q year 1t changed to 90 and
40 per cent.
Q.-Whst ocoAsioned the last changss
A.-well, thought my ssrvioss to the
concern were enough to have . larger
share OF the profits.
Q-Then you put in no more oapitali
A.-No.
Q..-Was there any change In the Gap.
italf
A.-The old capital VA distributed 20
our individual accounts and q new
capital formed.
Q.-state the changes in the capital
right along?
Mr.. Pierce-what is the use of these
qusstlonsf
MIR. Freem All don't know rs care
to state at this time.
MIR. Pierce-I can't allow the creditors
to spend money for stsnogrAphsr for
any useless questions. Mr.. York, oan
the changes In capital be shown on the
books Of the firms
Answer by Mr.. York-YsA
Q.-Will you state what the change In
capt. 81 was the last time It was cha ngsd
A.-Whsn the bnsis OF dividing the
profits was changed We distributed the
capital to our individual accounts on
our old basis and 1t was then re-trAns-
ferrsd to the new capital account on the
new basis Of co and 40
Odd you take an account of stock at
the time Of the distributioni
A.-Yes.
Q-what were the profits at that
timer
Mr.. York looked them up In the ledger.
"Ybe date Of the change was Feb. !,
1889. and the amount Of surplus at that
tims was practically nothins on the
profit and loss scoount."
Q.-Do you mean there was nothing
In the busi ness At that timsf
A.-Well, we had paid all OF our az
rsnsss and the profits had been trans-
ferred 10 osher accounts.
Q-whAt doss the Sz6, 900 on the book
representa-
A.--Ths profits at the end OF that
period.
Q.-How long . periodf
A.-Sinoe Sepsember, 1897, up TO Feb.
ID. 1850.
Q-EreD Sept. 1907 to Feb. '99 the
profits amounted 10 SO. l0s.4sf
A.-YeA
Q-What were the gross profits from
Feb. Is. 1899, TO October ID. 1907
A.-They were Sn. 7ss. 20
Q.-Were you satisfied with that show