The Washington times., 1915-05-29
STOCK DEALS DENIED
BY RIGGS OFFICIALS
Sworn Statement Said They
Had No Dealings With Lewis
Johnson & Co.
Continued from First PageJ

i
the last fifteen years Of that period,
UP to the time OF IT'S failure on No
| vember 18, 1914, since which time
have been in the employ or the trus-
tees. During the two months or there
abouts that intervened between tne
| failure of the firm and the appoint
ment of the trustees, l was one 81
| the receivers of the. firm.
II am and have been from the be-
ginning familiar with the stock and
the Riggs National Bank, which appear
upon the accounts In the books OF
Lewis, johnson g. Co: This account was
opened January 9. 1905 1t was aso,it closed ,si
pages containing these accounts Of pur;
| chases and sales for the riggs National
Bank In it's name, each page showing on
tho debit and credit side approximately
each side of the account, on the form
Of yellow sheet which will be found re-
ferred to in the affidavit Of Bennett
heretofore filed. l began the keeping
Of the stock ledgers early In November,
1908, from which time ] kept and had
charge Of them continuously up to the
| failure.
During that period there were many
thousands Of purchases and sales of
! stocks and bonds by the firm of Lewis
johnson & Co. for the account of the
Riggs National Bank. including all man
ner ,I. Of mining and other tt q, speculative
purchased and sold for the account of
the Riggs National Bank, all of which
were entered from day to day In the
books Of the firm and charged or credit
cd upon this account with the bank. l
am very familiar with the manner in
which the business was done. which was
| as follows:
Inserted On Slip.
The orders for the purchase or sale
of stock would come day by day and
frequently many times during the day,
by telephone, from the Riggs ..ational
Bark to tho office of Lewis johnson
x Co. The order would be taken down
, over the telephone from the Risgs Ma
tional Bank by Mr.. Pitt Cooke, who
came with the firm IN 1908 and remained
until the time Of his death about jan
uary, 1914. The order thus taken would
be inscribed upon a slip, a sample copy
of which ! hereto attach marked "A"
as part of this affidavit, as an Illus
truion of the way IN which these orders
we're always taken Tor sales. The hand
writing of the original slip is that of
Mr. Cooke. The figures II 20 a." on
the righthand side represents the time
of the execution nf the order. Tte8c
figures were placed there by the tele-
graph operator. The sta mp on the
ing on Exhibit a. hereto attached
Jan. 9. 1872 represented the date of
the execution of the order and was put
there in the ordinary course OF business
oy the telegraph operator.
"All the slips representing these
orders taken down by Mr.. Cook ere on
file with the trustees in bankruptcy.
Immediately upon the execution OF
this order. and as to each order Of pur-
chase or sale for or on account of the
Riggs National Bank. a memorandum
would be sent 10 the Riggs National
Bank either by bearer or by mail. Ac-
companying. marked "B" and made
part Of this affidavit. is a copy OF the
printed form In which the notice of the
execution of the order was sent on the
day on which it was executed.
Copies Of All Notices.
I'VE have in the office Of Lewis
johnson & Co. a letter press copy book
containing copies OF all the notices thus
sent to the Riggs National Bank ad-
dressed to Riggs National Bank as the
purchaser or seller of the particular Sc
curities in question.
Taking the transaction evidenced by
Exhibits "A" and "B" hereto attached;
which all the sales of stocks were made
for the Riggs National Bank, accom-
panying, marked 'C' and made a part
hereof, is a copy of the check paid to
sale. except that the original check con-
tains perforations made by the perfora-
ting stamp at the Riggs National Bank
at the time when the check was paid.
1,h The letters s,, mP. IT,. T" on Exhibit &c"
the stamp that was put by him upon
the check at the time 1t was paid I
attach hereto marked D, D-l and DE-.
E. Ell and E-2. copies Of the sales slips.
reports Of sales to the Bank and checks
for the proceeds of sales, respectively,
on two other transactions of a similar
character. The thousands of other
sales on the part Of the Bank represen-
ted in the account were conducted in
the same way
When purchases were made for the
bank they were recorded in the same
way by Mr.. Cooke on like slips. ex-
cept that the word buy was used
chase slips being in blue, while the
sold slips were in red. In like man
| ner on making a purchase the notice
| or letter of identification of which a
copy is hereto attached marked "F"
would be transmitted to the Riggs Ma
tional Bank, made out in its name. AS
illustrating such transactions. 1 have
selected at random a purchase OF TWEEN
ty-one General Electric on January II.
1913, as shown on the accompanying
buy alp and have therefore used
a sell slip, which is identical in form,
except that | have crossed out the
| word sell and substituted the word
'Duy ana except tnal lne 'Duy SLIPS
are in blue. The aforesaid copy OF
buy slip is attached hereto. marked
Exhibit G. and made part hereof.
Bill For Purchase.
A bill would be made opt by the firm
| for the amount of the purchase, the
| amount of which would be credited to
the account of Lewis johnson & Co.
on the books of the Riggs National
| Bank and the amount thereof then or