The Portland daily press., 1900-01-27

ceeds under the terms Of the noter
ALL was probably 90.
Q-Do you doubt u was toi
A.-No.
LIT was possible for the holders Of the
$40, 600 note 10 dispose of thas bond owned
BY some one elss In certain contingencies.
A.-Yss.
.Q.-was that proper method Of doing
business!
A.-Yes, think 80.
Q.-And you would do 1t again under
similar circumstaucesi
A.-Yea
Q.-And did you do It under othsr eir-
oumstancess
Ayes.
Q-was that your habiss
Ayes, there were very few such
cases.
Q-Thsre were some'
AYES.
Q.-How manyf
Al oxn't answer. There were sew
ersl.
Q.-Do you recall them BY names
A.-The .owsnsborough bonds pledged
In that loan we're pledged to us By Others
for their Indebtedness 10 rs.
Q-Did they know you had pledged
them for loan Of your owBs
A.-No.
Odd you ever tell thsmf
A.-No, not at the time they wsrs
pledged. A
Q What other bondsf
A. Maine Water company bond
pledged at the wstsrviiie savings bank
with othsr eecsrit OF. The loan hes been
paid ~ 70 that bond and the note has
bssn taken up?
Q-who 10 the owner Of the Owens
borough bonds?
DIR. verrill-you needn't answer It,
Mr.. York, until the referee returns.
Mr.. freeman asked several questions
which Mr.. York did not answer. Mr..
Pierce then returned and the examinations
continued.
Q.-we:e there other bonds pledged In
this way?
A.-Thsrs was Jacksonville Water
Supply bond. pledged to US and BY us
pledged for . loan Of our own.
Q Who was the owner Of the Jeffer-
sonville tondY
Alt ives pledged by Capt. Oakes with
lot Of other bonds for Q loan which he
paid of gradually. The loan was finally
extinguished Oct. 4. 30. We buying the
Jacksonville bond.
Q-with whom did you pledge that
bond?
A.-As collateral Tor loan from H. Il.
Shaw.
Q-who owned the owsnsboroush
bond?
Mr.. Pisrce-I owned 10. loaned II
to friend who had an account with
Woodbury. b Moulton and gave him per.
mission to pledge 10.
Q.-who owned the Maine Water Com
pany bond?
Alt was pledged on the same loan -
the other by John A. Waterman
OILS this b. &S A. bond now among
the assets?
A.-No. It was pledged BY the as
signsss to wipe out . note Of the Mer-
chants bank I<hink.
Q.-was this bond mentioned In the
Bradley and Verrili circular?
Awe had but one Bangor 81 Aroos-
took bond.
Q.-Now will you explain why that
fond which was Of your assets doesn't
appear In your schedule?
Al can explain what was done with
the bond. II 1t Is omitted from the sched-
ule 1t Is an error.
O.-That would Increase the ASSETS By
81, 900 wouidn't it?
A.-No. 1t was pledged ~ collateral
for loan and was turned over In sx-
ting uishment Of that loan.
Mr.. verriii-It should bs 10 the sohed-
ule. II 1t isn't there 1t Is An error.
Mr.. Freemsn.-It Is not there Is IT.
Mr.. Vsrrill-If 1t isn't 1t Ia an error
and will be corrected.
Mr.. YoIk-I fail to lind IL In the sched-
uIss. 1t should Be among the list Of Sc
curitiss applied By tine assigness 70 sx-
tineuish loans.
Q-It would increase the assets by
81, 900 wouldn't II?
A.-Yes, It would sdd something like
sl.Il4 to the assets.
Q.-Do you agree to correct the sohed-
ules?
ALI there Is an error 1t shall be oar.
rectsd.
Q.-Doesn't the Bradley g. Verrin cir
cuIar show U. S. Gov't4 bond and
does 1t appear In the schedule?
AIN the schedule the U. s. Gov. 6's
10 mentioned.
Q-But the circular oslls for Govern
msnt IA.
A.-Well, 1t must be the same bonds.
There was q mistake about 1t somewhere.
Q-Thsn you don't know whether the
schedule or the circular is incorrect?
A.-No.
Mr.. Verriil-The aslynees' circular was
only approximate. anyway.
Q.-Do you find 5000 Maine Central
Elves in the schedule?
Ayes.
Q.-What was done with this bonds
Alt was turned over to tbs First
National Bank In extinguishmsnt OF
mi