Carson City daily appeal. [volume] (Carson City, Nev.) 1907-1930, 1909-11-22
lot yet to be understood.

} Chartz asked Hofer to tell what
the amount o fGolden's Indebtedness
to the n. & O. bank is, exclusive of
overdrafts and the Reno Joint note.
Hofer gave it as $47,464.S5. ChartZ
then went on to question Hofcr on
the question of withholding records,
but did not get much satisfaction,
HOfer said he had never demanded
in the hands Of the First National,
| but that he told Hall to DO so. that
| Hall had been told by Chartz and
! Golden that he might see them any
tim che wanted to and that a written
request 70 rpermissiOn was made on
! October 81, to which no reply has
been given as yet.
Chartz concluded the morning ses-
sion by testing Hofer on the complete
testimony, asking him if any entries
on the books will explain any of the
statements he has made, which en-
tries he has failed to testify TO on the
stand and similar questions. Chart2
asked if there are not other entries
on the books than those brought out
which will lend different aspect to
many statements and 1Ofer said that
something's were not asked him by
either Boyd or Chartz and thai he had
not volunteered any testimony
He said that he had not testified as
TO the entries made by Hoffman af. !
ter the receiver was appointed that |
these entries made by Hoffman he |
considered 'highIy improper. and |
outside the duty of Hoffman, who !
was not employed to "reconcjle" any I
accounts and that if he had charge .
he would not have permitted the en-
,ries to be made, In conclusion he
said that he testified only from his
knowledge of the books themselves.
During the afternoon Hoffman read
1 statement of the manner OF hand
ling the business between the two
banks. Boyd had closed and Chartz
,ut on only Hoffman and Golden.
Hoffman's statement is reprinted in
full:
After the first National Bank Of
Carson City opened, to help the Nyc
& Ormsby Co. Bank lquidate its busi-
ness at Carson City, it became the
custom of the First National Bank
to cash checks and otherwise take
are of the business Of tn" Nye &
Ormsby County Bank. This necessi-
ated opening an account with the
Nye & Ormsby County Bank, Carson
'ity, as appears on the ledgers OF
both banks. At the close ii the days
business the differences in the clear
ngs would either be debited or cred
ted to the account of the NYe 4
Ormsby County Bank, according to
lie amount owed one bank by the
,ther. might add that the Nye &
Ormsby County Bank invariable owed
he First National Bank at the close
If each days business, and to further
he liquidation Of the said Nye &
)rmsby COuty bank the said First
National Bank accepted notes in lieu !
If the Indebtedness owed by the n
Z O. Co. Bank. It was by this meth
ID that the Nyo e Ormsby County
Bank was forced to enter some of
heir notes nthe clearing sheet to =
elp keep down their ever Accumulate /
ng overdraft with the First National
Bank This apparently, is the reason
vhy Mr.. H0fer has been unable to
iscover whether or not the Nye & T
)rmsby County Bank has ever re- 3
eived credit for the lot, building and q
Xtures now owned by the First Ma
ional Bank. and which entry for
S,69G69. appears on the clearing
heet dated Dec 81, 1908. It's plain
o be seen from the above way OF
, Ormsby County Bank when 1t =
loseu. owed and does still owe the
'irst National Bank over 100000, its
usness having been dissolved to
,ss than fifty individual accounts by
aid method. 1
Explanation of the account "Frank \
olden" Personal. In the testimony z
f Mr.. Hofer the account of Frank B
olden "PersOnal' was referred to II
S containing entries of various, notes