Evening journal., 1916-07-07
cOntInued irom First Pace.

naue Vhe loans 70 the brokers. lh'
witness admitted that the same sort o
entries were noted on the books in tn
case of other loans, setting out to wha
brokers the money went
Mr.. Graham objected TO the statemeR
going in on the ground that it was no
true transcript and did not show thi
exact details Of the books.
The court admitted the statement fo
the purpose of showing the company die
have money 20 loan at that time
When asked by Mr. Graham what
his purpose was IN opening these two
statements. Mr.. Glasgow replied:
"The purpose is 20 show what con-
tracts we're in existence October 81,
1914, which could still be in effect
December 81, 1914. II deliveries we're
made in accordance with contracts" f"
Mr.. Graham objected to the admission
but was overruled.
The next offer was the statement
showing the assets and liabilities OF
the powder company from November
1914. to October, 1915, and was ad-
mitted without objection.
Mr.. Glasgow offered in evidence the
statement purportlng to show the
loans made TO certain banks and trust
companies by the company from No
vember 30. 1914. TO September SO'
1915.
This offer was objected to by Mr..
Graham, who cross-questloned the
witness at length. relative to the
statement
"Dont you know asked Mr..
Graham. "that these loans shown IN
this statement we're to brokers and
not the banks specifed?"
Mr.. Hood replied that he was told
30 this morning. but that he did not
know It when he examined the books.
Mr. Glasgow offered in evidence two
statements. One he specified as a sy-
nopsis of the treasurer's contracts and
the other a summary OF the treasurer's
contracts for the period December l.
1914. 10 October /, 1915. II was ex-
planned that "treasurer's contracts
was a company term given 10 con-
tracts for the furnishing OF explosives.
There was considerable discussion
relative TO the difference between
these two statements. Il was explain
ed that the synopsis showed the
treasurer's contracts and the sum-
mary showed the amounts OF the con-
tracts undelivered at certain times.
Mr. Hood. who explained the differ
ence between the two statements said
no examinations were made as to de-
liveries
The next offer OF evidence made by
the complainants was the accountants
statement purporting to show the GER
tihcates OF deposits outstanding De
ccmber /. 1914 to November 1915.
This was not objected to by the de-
PENDANTS.
Mr.. Glasgow also offered in evidence
a statement containing the quotations
OF the dupont stock, both common and
preferred. reported in the Commercial
and Financial Chronicle. Of New York
from November 80, 1914 to December
81, 1915.
Mr. Graham said he had no obiec'
tion 10 the statement showing quota.
tions from November 30, 1914 10 Marcel
81. 1915. but that he would object "a
the quotations after that date. as not
being material Mr. Glasgow said the
purpose after that date was to show
the continued value of the stock.
The statement was admitted over
The defendants objection and an eX-
oeption was noted.
Mr.. Glasgow attempted 10 show by
the witness that the reason he did
not make the examination as to ac-
counts Of all banks where deposits
were kept was because he was re-
stricted under the courts orders.
Mr. Graham objected to this line on
the ground that Il was not material.
Mr.. Glasgow said "Mr. Graham has
intimated that this witness has pre-
sented here a garbled report"
Mr.. Graham was on his feet in an
instant with the remark: 81 did moth
ing OF the kind. You are mistaken"
"Oh. well" replied Mr. Glasgow, 81
viii withdraw the garbled."
The questioning along this line was
discontinued
Mr. Glasgow also sought TO have
the witness testify as 10 just how his
Investigation OF the books was con-
the company had suggested 10 him
Just what books he wanted.
Mr.. Graham objected and this
brought on another lively tilt between
counsel.
Mr.. Glasgow. speaking 10 counsel
on the other side. said The trouble
with you. Mr.. Graham. is you are try
ing 10 run both sides OF the case"
Mr. Graham made some remark
about Mr.. Glasgow being fond OF
hearing himself talk.
you think ] am vain" asked Mr.
Glasgow.
''Yos ranIfad Nfr Graham,
Do you remember that old Greek
proyerb" asked Mr.. Glasgow. know
thyselfg II is one Of the best In the
world"
Mr.. Glasgow did not insist on the
witness telling If the officials sug-
gested the books he should examine.
just before court took a recess Mr..
Siasgow started reading from state
men which had been admitted in evil
uehce, the daily balances Of the com
pdny IN a number Of New York hanks
salo 10 have been institutions whore
me securities Company borrowed
nohey. The balances of each dsv
rom February 1. 1915. TO the middle
Vi March were read.
IN 'he case of the American ~
ohange National Bank the bsionS. -
was shown to be S3Ss. 600 ON Eob,,a 'r',,'Se ~.
and was increased at times 60, NO,
tne balance at one time Wa ,,,a.'
than $6OO000. This was col, .i'i :
March. The balances at the Mechsnin.
and Metal National Bank. the PEI
ers Trust Company and the First M
tonal Bank. all of New York w.
also read and showed large increase
IN the balances during that nerio,