The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1900-03-02

National baak account.
Q-Now Mr.. Plummer made this
transaction ON Oct. soth, and ron sold
him the Toledo Street Ry. bond which
you got from Mr.. Clay. How much did
you pay Mr.. Clay for both bondsf
A.-s15ss ga.
Q.-How did ron pay hims
A.-By check on the Produos TX
change bant. N. Y.
Q-Did he sver collect that cheokf
A.-No. I beiisve not.
Mr.. Piercs-The check would have
been paid before Nov. LIST II It had been
promptly sent on.
Ayes. the money was there.
Mr., Fresman now asked Mr.. York
about ths--acoount Of George W. York
" ,ich had been running since Feb. Is.
1890. The average amount of this 40
count was from 5000 to $4,000. On
Dot. 31st, about noon, Mr.. York asked
George W. York 10 close his stock ac-
count and he came In and withdrew It
and settled his account. Mr.. York said
he had never asked George W. YORK TO
90 this before. He asked him 10 do It
this time tecap $, the firm was not carry
ing many stock accounts and did not
care to continue his.
Mr.. Freeman then asked Mr.. York II
he knew anything about q discrepancy
Of $500 between the oHss cslled for on
Nov. Sd and Nov. 9th. Mr.. York knew
nothing about this.
Mr. Freeman asked Mr.. York what
the colle,tion ACCOUNT amounted to ON
Nov. 9th. The Rsferss told Mr.. York
not to answer, ms this concerned the as
signees and not Mr.. York. Mr.. Freer
man took exceptions to this ruling and
then asked Mr.. York to answer his
custom.
"You need not answer It," said Mr.
Pierce.
"The usual practices is" said Mr..
freeman.
1.-The usual custom is that the referee
may decide this So matters and rule them
out IL he wishes. II you wish to ques-
tion the assignoes you must Summon
them as witnesses" sud Mr.. Pierce.
MIR. Freeman now rsfed Mr.. York
Nov. LIST.
A.--ss6. S5a 80
| Q-How near to that amount did you
come when you attempted to balsnoef
A.-The account did not balance. The
collection slips called for more than this
cash showed. The shortage was about
5000.
MIR. freeman attempted to pursue this
line Of questioning as to the showing Of
1 hut
excluded thes, auessiors
| In answer to questions Mr.. York said
great many coupons belonging to other
people were returned to them by the as
signees after the failure. and this made
some or apgo In the colleotion account.
Q--What are the last items on tbs
credit side OF the cash book Nov. lsts
A.-Tnere is q pay ment on my account
Of SO 90 for life insurance charged to
my account. ana above that is an item Of
$40. 20 which was paid on Mr.. Woodbury's
life Insurance ana charged to his account.
Q.-So the last pay ments befole assign
ment were on life insurance fer yoa and
Mr.. Woodbury.
Axes.
Q-Has the protest received from the
bank Of Staten Island or the book show.
ing the list of aooominodatien papers
bee found?
Mr.. Coombs said they mad not been
found.
Q-Explnin where the collateral
bought by you OF Richardson Hin 81 Co.
on margins was left.
Alt WAS purchased for VA by Rioh
ardson Hill & Co.. and they kept the
stocks and we deposited margin with
them. This was generally cash.
O-How did you do this on your per
sonal accountl
! Al took pos ssion Of all profits
arising from my own dealings. Tness
securities were held by me. but when
sold the cash went back into the account
and that la why the stock doss not APP
pear as sold on the books. Woodbury. &
Mouiton kept their margins good with
Richardson Hill s. Co., and l kept my
margin good with Woodbury. s. Moulton.
Q.-So the firm was losning you It's
credit.
| A.-Oh, l kept 1t good. One time did
get q little short and made tho margin
good with cash.
| Q.-There WAS time then, that the
firm loaned you Its crsdit TO do business
with Richardson Hill K Co.
| A-No. kept my margins up with
the firm all the tims
| Ozone OF those transfers from the
stock account to the margin or deposit
account was made on Nor. Isl by Rich
ardson Hill s. Co.?
| Ayes. Nov. LIST transferred 81. 600.
That was . time when there was more
money on our stock account with Rioh-
ardson Hill IL Co. than was necessary
and we transferred 81 600 TO our deposi,
account
MIR. York was asked to read a letter to
Richardson. Hill & Co., dated Novem
bsr /, 1899. asking them to transfer $4,000
from tine stock account of Woodbury. g.
Moulton to the deposit account and to
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