New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-12-23
MUNR0ES' COPPER DEALS.
LACQUER Tells 4b0ut Formation OF
Underwriting Syndicate.

" Fosee. the attorney Tor the MoiAreAi anu
Boston Mining and Smelling Company was the
frst witness called yesterday in the Munroe &c
1Iunroe bankruptcy examination before Coininls-
sioner Alexander IN the Federal Building a -
Leach o. Farson, Leach & Co. was present. ou'
Archibald LOOMS did not appear
in answer Mr.. UnteFmyers quesuohs' MT
Fosee said he became the companys general counsel
nbout July August 1868. The company was
organized in May. 1900. Mir. Munroe' he SAID cameo
his attention 10 the subject but he did not thlhK
- ms at anv ones especial solicitation that he
became interested a director Later. ne sue
,seded M Nflnroe as the treasurer and secretary.
Afterward, Mr. BOsee said. he became one OF me
syndicate which was 10 underWrlte SzSoV" OF ''e
stock of fhe Montreal and Boston company
Mt Bosee said he met Mr.. Leach socially two or
three times before the organization OF the company
lie told OF meeting on June Is Of the Under
writing syndicate at the Office OF Munroe I" MUM
roe J F Plummer. who underwater TO
The extent Of s60OO or $1,000: Mr.. Leach. who was
interested in the syndicate TO the amount OF *oV"'
J. y Greenshelds. who was not an underwater;
p man named SpieT, who was. the witness declared
also an underwater, but to what extent he did not
know: J Roach and W. H. ManvilIe- who were also
interested in the syndicate, and the two Munroes
were present The amount of the underwriting MI
Bosee said $4,000
,Tbe Meeting NJ Bosee said was called for
rsnization- An executive committee was formed
composed Of MI LOOMS. Mr.. Leach, George h
Nsluroe Alexander Munroe and himself MI Leach
lad objected 70 being on The committee saying he
taken from the committee
M Untermyer offered the minutes in evidence.
and they were accepted
Mr. Rosee said he was familiar with the under
writing agreement, which then offered IL evil
denoe and accepted. He was next asked concerning
the mention the minutes of certain contracts with
James Breen william T. Hunter George B. Collins
and others and asked produce them He said
he would produce all he had He did not know who
had the original underwriting syndicate agreement
He had f. but had afterward given it to either
George Munroe or Nj. spier. He had never seen it
since although he had made many demands Tor it
Don't you know that 1t IS very important doeu-
rnent and that by the creditors expect fix the
liability OF Mr.. Leach and Nj LOOMS? Do you not
know that2"
"I did not
Have you the names Of the underwriters and
Ehe amounts Of their subscriptions
Ny Bosee produced a list. which became part
o. the record, despite objections A portion OF it,
iov George D AIunroe He had ordered his clerk to
make some Of the changes noticed in the list
writer's stock, which. according 70 the agreement
witness said Ives Wieher and T. L, Morton
members OF the Exchange; mad soI9 l1.sg shares
by whose authority was the stock sold by Nun
roe & Iunroe7 They were not ulembers OF the
Exchange" Mr.. Untermyer asked,
Did you not know that mr.. Leach was one Of the
original vendors Of the conpgapy-that Is 10 the
Never heard of such thing" go.
the possession Of the syndicate from the under
About $500
Who contributed it2'
Leach LOOMS. Campbell. Bucklin. sDier or
" 10 mUch did M9nroe AIunroe contrbute?"
They had subscribed $4,000"
why we're they not forced TO contribute the
I don't know"
How much actual money was paid? .
without referring TO the DOCKS
Mr. Bosee said $4,000 was 10 be supplied as
10 Afr Peu.bertou. The first remittance was sent
direct 70 the manager. the second TO the National
Trust Company Toronto 10 pay for the STOCK
Of The Anterior Cold Mining Company, one Of the
vas paid on account Of these various contracts.
"Wlaat was the total amount paid?'
How much was paid 10 the company alone?"
I cannot state without thu books. which have
rot f1eeu balanced II some time"
IA Iuternyer then asked the witness IL the stock
O. ne Montreal and Boston company had not been
j don't know what washed means
You broker
40, simple lawyer
IRE witness admitted that he had bought Montreal
snd Boston stock for MUnroe & lIunroe. but on
check, each day TO pay It. The stock was then
turned back 70 MUnroe & NunrOe. The witness
had purchased IN ali 5000 shares On December
Re bought 400 shares and the sth he had sold
know Mr.. NUnroe Was dealing In 10000 shares Of
stock each day.
AdjouruEnent was then taken until this afternoon
when the examination Of George =. Muar0e viii
smination Of Air. Leach shall take place on De-
ceInber ..