The Colfax gazette. [volume] (Colfax, Wash.) 1893-1932, 1910-06-10

day in the Boone trial in the taking oil
evidence. As The Gazette went to press
too early to handle that days proceed
ings it is herewith given as completing
asthe chain OF evidence leading up to con-
4 yiction by the verdict of the jury.
End of Testimony.
Court opened Thursday with Boone on
the witness stand and cross-examina-
tiOn by defense was concluded.
w. F. Chalenor, r. G. McCroskey, j.
W. Arrasmith, W. F. Hickman, A. C.
Smith and Fl. S. Mcclure were character
witnesses for the defense. Henry Nagel,
J.J. Muir and W. T. Anderson we're wit
nesses called by the defense and testified
as 20 the value OF Boone's real estate.
deeds to which Boone has placed in
escrow for the Palouse State Bank aud
to him (BOOne) of the 10000 shares of
Copper Age & Edison Mining Co. .
stock, the stock which the prosecution
alleges to be practically worthless, and
with the bank, together with Boone's
own bank stock appears to be the only
assets the bank had for the $40, 900 paid
the Exchange National Bank for the
espital stock increase.
An important point in this case and
one which the prosecution contends is in
itself discriminating, is the fact that
Boone did, according to his own testi-
mOny, place his own bank stock in the
bank as security and as an asset to fill
up hole caused BY the payment and
return held as an asset. The court has
held with the state in regard to this, but
the ruling does not directly concern the
~ssrme charged in the information, al
III Enough it is important concerning the
n rights Of banking institution.
George Nj. Swartwood, former officer
and director of the PalOuse State Bank,
was called as witness for the defense.
He stated that be owed the bank about
$4,000, and that Boone came to him
for money. SwartwoOd got the Copper
Age & Edison Mining Co. stock, 1000
shares, held by W. E Schirmer in escrow,
gave it to Boone and received for the use
of same $4,000, there being no agree
ment as to the time of the loan. He
stated that the mining stock had been
placed with Schirmer as property OF
value to release it from his liabilities
Schirmer assigned the stock to bearer
upon call and it fell into the hands Oi
Boone. And go the account of Swart-
wood and the bank stands. he owing the
bank ST., 900 and the bank having the
stock.
A. s. Parker, A. r. Patten and FL. c.
Johnson testified for defendant, simply
reitera:ing and corroborating the testi-
mony or parts of the testimony OF Il
NJ Boone.
George \. Lamphere, ST., and George
\. Lsmphere, Jr., testified as to the
value of Boone's home place in Palouse,
the same now being held in escrow for
benefit of the bank.
Defense rested its case. At the night
session in rebuttal c. H. Oderlin and R.
4. Hill denied B0One's testimony where
s53y he stated that they agreed to take
= up parts Of the $4,000 additional stock,
and denied that they knew anything
about the different securities taking the
place Of the $40, 600 paid the Exchange
National Bank snch az accommodation
notes, mining stock, etc, until the bank
went into the hands OF a receiver. They
denied the statement of Boone in this
that they, as directors, agreed with him
to pay the $20,0OO loan out of the bank
Verdict of Jury.
Friday was devoted exclusively to the
charge of Judge Garfield to the jury and
the argument OF counsel, E. K Hanna
making the closing argument for the
prosecution Saturday morning.
The case went TO the jury at 1870 and
at p m. they reported that they had
agreed upon verdict. lis underst GOD
that three ballots were taken, the last
being for conviction.
III was dDphIeHJ tHdt DUOue expected
a verdict Of acquittal. When the YER
diet was read be was sitting in chair
inside the railing. As the last word,
we're pronounced his hands dropped list
lessly by bis side, his face blanched anC
he muttered, apparently to himself, Il,
it possible it is guilty 7" News OF tn,
Apzerdict spread like wild fire and was tht
Wtopic OF conversation.
The court fixed Boone's bond at s1O,
600 pending motion for new trial, which
will be heard later. This was given will
s. ]. Boone and wife, j. j. Muir ant