New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1904-12-15
DENY NOTES PAYMENT.
Prosecution Says Fisher Merely
Turned Orer Clients Money.

Examination continued IN the Tombs police
court yesterday into the grand larceny charge
against George +. Fisher, a promoter of No. q
Wall-st. The morning session was devoted TO an
effort to show that of the $1,000 note of the South
eru Textile Company guaranteed by six men.
Fisher who. it is alleged. told the others he had
paid the note in fun paid only $500 contributed
their share by 7. Ashby Blythe and Peter H.
Carr of Philadelphia. and T. ". Pratt, Of New
York.
Mr. Pratt and Arnold *. Brown. attorney for
Edwin Langdon, the holder and owner of the note,
the witnesses. Pratt cOrrobOrated the stories
told by Mr. Carr and Mr.. Blythe to the meeting
in PHILADELPHIA when Carr and Blythe paid their
shares of the underwriting. well as Pratts,
amounting to $3.50. Arnold X. Brown said he had
seen Fisher pay LAngdon once. on June IA, and he
produced paper to prove the transaction. 1t said
in part:
Mr.. Fisher has this day received from Mr.. Lang
don eight bonds and seventy-three shares of stock
Of the Southern Textile COMPANY, heretofore de
rany with Mr.. Langdon as collateral security for
the payment Of the note Of $1,000 dated March %,
securities are received by Mr.. Fisher as agent for
Of the amount due the said note, principal and
interest, said amount of principal and interest up
20 June - 1904 being the of $l5166 81. If said
one-haIf Of the amount due is not promptly coll
lected the securities are TO be f0rthwlth returned
ing the above seyenty-three shares Of stock being
Endorsed in blank.
Mr. Langdon has received from Mr.. Fisher thirty
citizens Central National Bank heretofore loaned
q Mr.. Fisher, pursuant to agreement dated feoru,
AIRY ) 1905, and the balance Of ;he securities held
by Mr.. Langdon collateral 70 above note or
Sl5. coo are continue to be held by him as col
lateral for the payment Of the lalaHce or SAID
note. and also collateral security FOR the other
stock When the balance Of said note of $1,000
and interest Is paid and the above securities with
dra wn Mr. Fisher will deposit with MI. Langdon
other satisfactory security as collateral TOT the
return of the remaining thirtylVe SHARES OF panR
stock.
George Gordon Battle. counsel for the prosecu-
ton said that it clearly proved that Mr. FISHER
had not paid the SIS 600. but had merely turned MS
clients money to Langdon.
Mr. Iangdon testified that MI Fisher salo the
philadelphia guarautors were ready to pay their
share Of the underwriting and that he needed part
of the collateral to satisfy them. He said he gave
hin, S. 600 in bonds Of the Southern Textile Com
many and $500 in the preferred stock lie salo
the next day Fisher came to him and told MN he
was ready TO pay $500 the note and asked MN
# he wanted cash part of the shares he Hau 0ii'
hin, Langdon says he preferred the shares.
Explaining this he said;
When Mr. Fisher came TO me and said he wante3 t
s1E 900 / did have that sum win me, izaTs
go. eCI1iVa ent-SeVentN shares Nne C4tiHS'I9-
Central National Bank STOCK
Fred T House for the defence. moved to dismiss
~, rho ground that white there might have been
Characterization shown IT was not false repre-
ear+.+iop and nasmuch the Philadelphia men
had received the equivalent in the form Qt 62nas
I'D nreferred stock of the southern Textile Com
yaI CO.., nobodv had been injured. Magistrate Ohunen
Sanjded 70 take briefs the point ana gave the
TaNyers until next Tuesday to submit them.