The Portland daily press., 1900-03-01

Al ssnsidsrsd 10 worth what ws ear
risd u for.
O. -Wouid roo pay thai much for u.
Al des't think I woaid.
o.-wau1f yeu pay $500 for itf
Al havsn't any thing 10 pay u with.
o-wculd you pay $500 for its
A.-No.
| o-weah roo pAy $3.50 for itf
A.--No. I vouldn't take 10 Tor any
vslua
q How loNg have yeu bssn holding
the 10 shares Of the Auburn Trust Gem
pany stockf
Awe got It sometime prior 10 1893.
Q.-wbas q the value OF itf
Ale ooss NJ 500 . share.
Q-is wss cold By ths asssgnsssr
A.-It was used By them In ssttlins .
claim.
Q-whsn did you rsosivs . dividsnd
on ftf
A.-Aus. LIST, 1899.
Mr.. Locke asked Mr.. York TO sura 10
his ledger. pags 42a
wv VIII UnAf tul9 000OQuk AE@ ~. u.
What is carsisd out ~ dus you on his
account!
A.-$1s5o.
Q-What was the balance Nov. Let. '9si
A.-e150o.
Q-was there any value to itf
Al don't know. He offered to seoure
Us some time ago.
Q.-Can 10 be collsoteis
Al doa't bslisvs IL can.
Q-what was your capital stoek, Sept.
1lth. 1sy7s
A.-&3o. COO.
q How much was the amount of
standing profit asd io,s Sept II. 1902
ALI stands osedised with $40 20
Q-so that you had ss4. 900 adding this
to the capital stookf
A.-Yes.
Q-6o you wouldn't have had enough
TO balance your books counting all thess
water stocks as vsiusless, would yeuf
A.-No.
Q-0n May Ia 20, at what value on
your books do the water stocks standi
A.-ssi, ,0s0.
AAopy Annu TO- stonu bue
same?
A.-Yss, at %. go.
Q.-Mr. AS account stands the same -
beforei
A.-Yes, with the addition Of interest.
Q.-Add tegsther these three items, the
water stock, the Libby Land Site Co.
and Mr.. AS account. What 10 the total ?
A.-s8.0 .07s.99.
Q.-now much was your capital stock
added to that On May 1st, '99y
A.-ta5, 900.
Q.-So II these rad not been entered
among assets 1t would have wiped out
your capital stock, wouldn't itt
Ayes.
Q.-Turn to April 90, '9S How much
did this water stock account stand your
Asa, 0s0. The Libby Laudsits Co.
the same and Mr.. AS account the same.
What was your capital thsni
A.-$so, 900.
Q.-Now I'n 60 back to Sept. II, 1897.
We're you and Mr. Woodbury. having
speculations outside the hrmf
A.-wsll. va had speculative accounts
WhAou nppo<tHoH Ou Inc DuOkh
Q.-On Sept 1lta, '97, how much does
ID stand on the booksi
Al o we'd s6, 775 % for which placed
as security 40 shares of the Pullman
Palace Oar Co. at sl75 each. Mr.. Wood
bury owed ST, EOS 90 for which he placed
rs seourity 10 shares Of Quincy preferred
at 800
Q.-Havs you since carried individual
stock accounts up to the present time!
A.-Yes.
Q-Both Of you have hired money OF
the firm since that timer
Ayes
Q.-When did you change your basis
of partnership
A.-Feb. 10. 30.
OIL ses by your lsJser that on Feb
10. 80. you credited yourself NJ your sn are
Of the profits with "a, 7s5 and MIR. Wood
bury was credited with 81, 995. Whers did
you get those proftsY
A.-From the bnsinsss.
Q.-In order to have these profits you
were obliged to carry tnese water stocks
at the valuations you have given them
A.-Oh no. we got those profits from
closed business transactions.
OFF you hadn't done this and had
oarried these stocks ut their real value
you wouldn't have had any profits would
your
Mr.. York admitted that there would
have been no profits.
Q-So the question Of your foiveIcy
since 1897, depends on the question
whether these water stocks had value.
A.-Yes.
Q,-When did you see Mr.. Dsering
last?
A.-When / came down on the train
with him from Boaton, just before
Christmas.
Q.-When did you last see him that
EVENING"
A.--When b Q was getting on the train.
Q.-You didn't see him after he
stepped off the trainf