The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1900-02-28
Mr.. York Was on the Stand Dur
ing Afternoon.
Testimony As To Pseudo Sale oil Crysaai
Water Company Bonds.

counter. The date Of the slip Is October
IS.
O The account of the corporation on
the firm dspl sit lsdger stands In what
uames
Al think 1t was entered, municipal
Security company. e. York treasurer"
O.-Do you know II the amount Of sl9,-
4y7, 90 proven In the claim OF the Num-
Opal Security company represents the
standing OF the deposit account, after the
withdrawal Of These items We have been
disousslngf
Ayes, with interest added, as ap-
pears on the proof.
O.-In tho course of the pay ments of the
several ame UNITS heretofore specified, you
were both msmber Of the firm and
| tres surer OF the oorporations
Al don't know as received them.
drew the oheoks as treasurer OF the NUM-
oipal Security company, and paid them
as a ne ember of the firm of Woodbury. and
Moulton.
O Have you tho note of the bank OF
Staten Island, the accom- mod alton note OF
the Cry stal wat;r company
Mr.. verrill objected to this question,
but the referee adm tilted 1t, on MIR. Free
man 8 statement that tie question was
pertinent to the case. Mr.. Freeman sal d
In explanation that 1t was the protest OF
iris particular note whica. the bankrupts
claim, caused the failure.
Mr.. York ans werei: DO you mean
tina. $4,000 notef L hAven't it now.
O-Do your books mention that notes
| A.-No 1t wasn't entered on our book S
of account, as 1t was simply an sc,cmmo-
dation note.
lon what books would 1t appsarl
Al don't know that 1t would appear
ON any books we had simply uemoran-
dunn of 1t. l don't know what the uatur g
of the memorandum was.
| Q-Can you describe itf
| A.-No. l should want to look il up.
My Inc preston Ia that there WAS memo
ranium book kept OF these aocommodA-
ton notes by us.
Q-About September 1899. was your
firm possessed CT ss7, 900 OF Crystal Water
company second mortgage bondsf
A.-Yes, We had purchased that amount
and they were In our loans.
| Q-pid you sell thoss bonds during
Septembers
| A.-Upder the advice Of counsel In New
York for the purposes Of suit We entered
sale On the books. We didn't deliver the
bonds. Mr.. freeman told Mr.. York he
wished him to answer his questions at
briefly as possible. Mr.. Booth asked II
these questions were pertinent to the case
| In hand.
| Q.-was this on September asth.
Al think SO.
Q--The bonds were sold to whom?
A.-To MIR. W. c. Emerson.
Q-How much did he pay for themf
MIR. Booth-I shall object to this quss-
ton. don't see that it is relevant to the
question We ara now considering. We
have no objee ton TO going into the mat
ter. but 1t is irrelevant.
The Rsferes-You may answer.
A.-Thsre was no payment made. The
bonds were charged up on the books.
Q.-Was 1t agreed he should pay for the
bonds.
| A.-No, ! don't think he did.
Q-For what sum did this sails purport
to be nader
Al DON'T recall. The books will show.
Q.-Was 1t ss7. tOOr
A.-The books will show.
Q.-At time these entries were made
on the books did you know Mr.. EMERSON
WAS not to pay for this pondss
| A.-Yss. The sale was Just made for
purposes of suit.
! Q.-And when the entry was made you
knew Mr.. Emerson was not to have tine
bondss
| A.-Vell hs was Just to have thsm fer
purposes OF suit. There was no delivery
contemplated.
DIN the trial balances Of November
LIST made by Mr.. Deering. W. q. Emsr-
son appears to the extent of S7s. 800,
dcesn't he?
Mr.. Refsrss-Is thsre such q trial bal
ance In sxistsnoes
Mr.. Freeman-Yss, have copy Of II