Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1908-01-20
MUCH TESTIMONY
In the Penney Bankruptcy
Case on Saturday.
Mrs. Penney Testities About
Money and the Boston Trip.
Further Examination...New Wit
nesses 10 Be Heard Today.

The hearing on the bankruptcy case
of Roscoe +. Penney III Augusta be-
fore Referee in Bankruptcy y. J. C..
Little, vas resumed at the court house
in the court room Saturday morning.
Roscoe +. Penney was first put on
the stand and he made Il correction in
his previous testimony in regard to
the rate Of exchange lie said that
he ovarstated the rate and that tn"
price was less than 2 per cent. He
said that ne was informed that , per
cent. was the price of exchange 81,
Boston. He could not remember til.
size of the check but thinks it wa.
something like si75 or $3.50. Check was
drawn in August. 1866. Check was
written in Buffalo. This check paid
for two horses. Witness had money
enough To buy severa! more with. Tie
check vas made payable IL t,it Gran
dali Horse Co. OF Buffalo. Witness.
said that as near as he could remember
the price paid tor the horses was right
around $l75 each.
At this point in the testimony Mrs.
Penney was asked to step into the
library during the examination. of III.
Penney.
Penney was shown . check drawn for
$4S2.50 on the Granite National Bank.
Augusta. and was asked if it was tha
check i'll question. He said that it
was.
Mr.. Goddard. cross-examining til.
witness, asked him if he had chec.,
deposited in 1906 and 1907 in Augusta
Trust Co. and the Granite Nationa.
Bank. Witness replied that lie had
and also with the State Trust Co.
Could not tell date when he opened
the account with the latter bank.
Il show you deposit book on outside
of which is printed Augusta Trust Co.
and your name. said Mr. Goddard.
Identified by the witness and was then
showed a book from the State Trus:
Co. which Mr.. Penney hesitated ove-
before he finally identified it. The ac-
count on the book was for $50. the
only deposit which Penney made with
this bank.
You drew the $50 out before YOU
went to Boston,
SURE" replied the witness.
Showed d check for $50 on the Stat.
Trust Co. and asked If it was III his
writing witness said it was.
You had no notes at the State Trust
Co. or owed them anything?''
No"
This is the only account you have
ever had with this company"
Yes"
You knew, Mr.. Penney, when you
We're depositing with the Augusta Trust
Co. that they allowed you interest OF
Your deposits?"
II don't know whether I did or not"
Witness was showed his deposit book
with the Augusta Trust 90. The book
begins in 1902 with deposit OF $1,000
Interest began on the first month and
succeeding months We're figured
throughout the book.
Witness was shown what rurports
to be an account in Augusta Trust
Co. beginning Sept. -, 1905 and run
ming to Dec. IS. 1905 and was asked if
it was in his handwriting 1t was the
account between the date specified of
witness account with the Augusta
Trust co. In the check book appears
this memorandum.
Interest To Dec. !, S4.75."
Now Mr. Penney do you mean to
say that You don't know the amount
of interest that the Augusta Trust Co
was allowing" asked Mr.. Goddard.
Yes, l knew l was getting per
cent. for check accounts"
Witness stated that Chas. Y. Hasty
stated the rate of exchange between
Augusta and Chicago vas per cent.
Witness did rot investigate this state
ment but took the word of Mr.. HaSty
of Auburn in the matter
You left for Boston on April 20?"
Yes. l think So
Il show You check book and ask
you if this is your check book on the
Granite National Bank"
"Yes"
Witness then identified various
checks for varying amounts.
when you went to Boston where
did you leave your check book::"
AT home, I think, but l couldn't
say for sure
Cant you remember. Mr.. Penney.
whether you left the book at home, or
took it to Boston,
cant say
Was not in Augusta on any part of
April %, witness stated, bur Sunday
wrote checks on the bank to pay off
some of his men.
dard. that after arriving home on the !
late train from Boston you got up in |
time Sunday morning to write those |
checks and go u Watervile?"
Yes"
When We're you taken with the |
acute attack that prevented you going !
to Chicago?'
The latter part of March,
Was this attack after the middle Of |
March,"
Il should say So
You had the intention up to the |
middle of March OF going 10 Chicago?"
Yes"
Il ask you whether you held that in
tention of going to Chicago up 10 the |
18th of March,"
No. l don't know as I did
"When is the time to buy logging
horses?"
In the spring
ION March how many horses did |
you buy over in Lewiston?'
at con,t fall