New-York tribune., 1905-01-12

paid by Munroe & Munroe on account or the
consolidation. The money paid for the
Demora mine, the witness thought
You can now state, can you not, how much
stock Munroe & Munroe received of the con-
soldated company on the consolidation on July
/. 1904?" asked Mr.. Untermyer
approximately about 10000 shares. it appears
from these entries" answered the witness. but
am not familiar enough with these books to
state exactly"
the meeting between Mr. Loomis, Mr. LEACH and and
A.-No not q trial balance. but a partial list OF
assets. -.
ber in the WaIdorf-Astoria, the night before the
failure Wasn't the meeting TO determine whether
and Mr. Leach? Al don't know. l wasn't told
the statement and I did.
The statement the witness said. simply
showed that about 100000 shares OF stock
were coming In the next day, and about $780,
600 would be required to meet it. The witness
said that nothing said to him concerning
the firms assets, although he admitted he hssi
the firms holdings Of Montreal and Boston
stock with him in a tin box. Through the
books Mr.. Untermyer brought out the fact that
Munroe & Munroe had the morning OF De-
cember 1Ss7O4 shares and received 1880
shares in the course of the day.
Q-When the firm failed it had but one share
QEYou gave Boese some stock on that day?
Q.-And he got The rest from Mr.. Loomis later.
told that he had given Mr.. Boese order for
the remainder of the stock.
morning of the Sth, with which TO meet 100000
shares of Montreal and Boston stock coming in:
was one share of Montreal and Boston, the sum OF
2S2 in cash, an unascertained amount of Marconi
equity in loans? Al Believe So
Q,-And the collateral loans amounted to $50 $50.
had been pledged at the average rate of so cents
al bey had resv asyasb TO me this
100000 shares they had bought was this $s29s in
o.-And the day before they had thousands. of
al 6S 9E q Shares y we're rs sold through
brokers on December Z
Q-What became Of the money? A-The stock
was sold for cash TO take up the stock purchased
g How much was realized? A.-The sum was
Q.~On the sale Of how many shares? A-12964O.
Q.--And the balance OF the I51 1s68 exhausted the
Q.-And that represented the stock Boese got or
got orders for? A-An except 1900 shares that
o.NWho gave it to him., Ale took it.
QaIs it not fact that the stock was then selling
That would be st5ooc9 wouldn't it? A-Tes.
o.-Why should you sell Senator Warner Miller
that day for 81 80 a share? AIR. Munroe did It.
@ MyHRas does mhFos h en5y @y.h IN the s Te@er g
What does that mean? Al don't know.
Q.-On December Brewer received 5000 shares,
didn't he? Ayes
Q.-show me where they paid for IT.
The witness pointed out an entry of
S42.57O and said that Brewer & Co. probably
offset the rest by other transactions. He found
an entry which read: go OO0-15.OO0 9-16,
1O5930' a portion of the figures having been
stricken out and smaller amounts written above
but he said he did not know who had altered the
| figures. The S42, 500 payment represented, the
witness said, the difference between the Boston
and Montreal stock Brewer & Co had bought
| on December 6 and the stock they had sold on
| December Z.
Q-But the books show you delivered Brewer &
Co. $1,000 shares, but he only bought 1900? A
Yes, and he still has 1900 shares TO account for
Q.-On the day of the failure Brewer got 10000
| but you only charge him with 5000. Why that.
When did you give him that $1,000 shares? A.-On
| the morning of the 7th.
Q.-Who authorized the delivery Of that stock to