New-York tribune., 1905-01-12
CURTIS ON STAND.
MUNROE NAY BE TO-DAY.
Harner Mdlcr's Purchase of 10000
Shares of u. s b. on Day of Failure.

TIE only witness yesterday I'm the Munroe n
MGnroe bankruptcy proceedings before United
States Commissioner Alexander was Edward w
Curtis Office manager for the firm, who was ex-
amined by Samuel Untermyer. attorney for the
firms creditors Ar Curtis. i'm the course of his
testimony told of the purchase Of ten thousand
shares Of Montreal ard Boston stock on Decem'
ber = the day Munroe & Munroe suspended, by
ex-United States Senator Warner Miller, at 81 &c
a share.
Every orc in this case seems suddenly tC
have developed a case of the grip said Mr..
Untelgnyer al the resumption Of the hearing.
George Munroe has the grip and Beauclerk also
has the grip. expected TO put Mr.. Munroe on
the stand this morning. and had number of
very interesting questions to ask him, but
understand he has the grip"
Promptly at noon Mr.. Curtis came in with a
big armful of account books. and was sworn.
He first became associated with Munroe & Mum
roe in 1901 he testified, receiving salary Of
S4.0o0 a year.
You claim now to he a creditor of Munroe &
Munroe. do you rot and such demurred to
the petition in bankruptcy" asked Mr.. Inter
myer.
Yes"
o-You claim to be creditor of unpaid salary.
Q-whst business were Munr9e & Num- Munroe in in
Thfn you & fTSt M Tsn1 %'a and {he Rso s,oc were
Q.-Mhat was that Capitalization? Alt was $780,
o@Whose stock was II that you were selling?
A.-so far as ] know. il was ostensibly Munroe &
o-What did the hooks show? Ave kept no
books then. here. The books were in Montreal.
Q.-Munroe & Munroe dealt pricipally in the
Marconi Company, didn't they? A.-Yess.
Q-Did the hrm have any customers? A.-No,
we were trading on our OWN account
Q-Nou didn't understand that your firm was
marketing Montreal End Boston stock for the un-
sderWriuns syndicate. then? Al might have as
you remember the consolidation? A--Yes.
Q.-What properties did the firm Of Munroe &
Munroe contribute 20 that consolidation and what
Q.-LoOk at these books of Munroe MunrOe
was all done by contract, and the books l don
o.-The books would show all the firms trans
Q,-Then look al them and tell Us. Look at the
capital account. A--The capital account was
written on in the profit and loss account when this
ledger was opened, in January, 1904
Now let us look at the general stock ac-
count and see what 1t viii show" said Mr..
Untermyer
The witness thumbed through the books and
seemed somewhat unfamiliar with them. Mr..
Untermyer asked Mr.. Curtis to show what the
assets of Munroe & Munroe were at the time
the books were opened on January ]. 1904
we want TO know what property the firm
owned al that time said Mr.. Untermyer.
The witness pointed to an entry showing that
the firm owned 69.037 shares of Montreal and
Boston stock on January 1. 1904, and later
found a second entry, made on July ], showing
that 81. 400 shares had been transferred to a
special account
What was this special account?' Mr.. Inter
rnyer wanted TO know; and. continuing, asked
Mr.. Curtis TO explain entry relative TO 3lO0O
shares on the debit side Of the account. All Mr..
Curtis could say was that it represented money