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not was Park House last through with night that he his investisaid at the he would get interrupted by maturing correcertain when He was continually Paper was and correspondence gation. and inquiries. to be attended to, to ascertain every day and other had cities were writing their relati with spondents in connected with was the medium their about matters Mechanics Bank banks did the bank. which The the New-York with banks in other through business, considerable. and its ansaction Mr. Price, the to the assistant ex- Controller had aminer, cities are had forwardedfing bank and formation Mr. Shelley publication. himself It in regard to figures the already given that for the Controller com- had a receiver. appointed vestigation. added upon the this partial report Mr. Shelley could He give had no found What the bank only one pleted figures falsification of his consisting of the books of the thus paper present far. held say, by had already amount of was the worthless assets he could been shown not at to be either but quantity or altogether valueless. investigation had doubtful Sheeley was asked if his was collusion in Mr. the conclusion that was there nothing to to indicate Stites, the instified bank. collusion. He said The there bookkeeper, Benjamin Ivincapacitated He was for business. It was evident, actual was of bad habits, and now was frequently at his home suffering said Mr. from the effects of liquor. suspected that something was knowledge Shelley, without, that Stites perhaps, having habits. actual When he would "Oh, that wrong and that this induced entries his Baldwinsimply found it make incorrect matter I'll fix it." kind in such a podoesn't have man of this thought, 110 criminalconvenient There to was, Mr. Shelly against the bookkeeper. at sition. that could be proven there was something cashier But," said Mr. Shelley, the action of Mr. Cox When the made least unusual Mechanics in Bank of New- York, Mechanics' Bank, a of the examination of the Newark who was on intimate terms over there year ago, bank Mr. Baldwin, officers in New York, an went unnecessarily ali as and with said the that I was that making was asking acting strict examination irrelevant questions He and said that sorts I of suspected something. their bank, and and if would shortly be over to to be telegraphed bank to in requested I when I did Sure so enough when the telegram he would come over. my letter of inquiry, a The NewNew sent York to received Baldwin and he came nothing over. of his object, York was officers certainly of course bore knew the aspect the of blank collusion, of the inand but the ease Baldwin bank, was to enabled, prevent by a discovery using that was evitable. New-York on the street Mr. Shelley in that full. answered the bank It is said pay the depositors figures. will This 18 be enable not apparent by my just approximation Mr Shelley think that make my estimate upon in would be fifty per the cent balance from the securi on them, Washington the bank's assets, with interest and the premium Nugent firm. and the amount recoverable of stock holders. from scertained As have value said, of a good the forfeitures deal depends upon bank. the I have heard think it stated that that the paper the bank held by would the resume again. I very unlikely. NUGENT'S COUNSEL SAYS. Teese, WHAT Nugent's counsel, said said yesterday: that my Judge in conversation with me to the bank Mr. Keasbey property equitably belonged it belonged to client's the money that purchased special debecause There was no particular to or Mr. Keasbey the bank. made upon meat all. I stated matter and would mand I knew nothing about the by our own exthat the books were examined advise Mr. not until would be in a position to I said perts, when the premises. I do not render think his propNugent would in Avise Mr. Nugent to be as claimed by I if the facts should prove that my to client would do Baldwin, erty I meant his power to say if this could mortgage be proved." of about the best in that there was a There was no Mr. Teese said property. worth about $40,000 on the factor, The machinery was Mr. Nu chattel mortgage. and was the best matters patented. philosophi$200,000, gent, said Mr Teese, fear took of the result, criminally. he was cally, and had no least to show that justice in He expected at He thought there was self-confessed no an honest him man. simply on the word of a about liar, aspersing thief and forger. asked if he knew anything dvances Mr. Baldwin Teese was receiving one per that it for would his be found to Mr Nugent & Co. if not He others, said profited said by operating Mr. Teese, in that Baldwin, paper. I propose," I shall have Nugent's go to the bottom by facts. the same experts an to examination made and vouchers examination of the firm will of the books of the bank. The said that he had no begin at once. well as those Mr. experts Keasbey examining has the It bank's was well- acobjection to my the examiner is continually through buying and counts known that Baldwin was account. I have a paper. theory selling stocks on his own with others, in Nagent's Nugent's rethat he speculated. acquainted with He knew Baldwin was wall began assisting the firm. not carry sources rhen he that Nugent could He said from the business beginning ithout large capital. was simply an on Nugent a was not a business aspired man. to have large ambitious that mechanic, who in him a fat goose to be and he saw friends. I believe Baldwin to plucked business, by himsel If and led the Nugent capital on persistently and business intentionally and enlarging their the firm extending their bills receivable of and his because the through his hands bankruptcy would go discount Of course meantime he friends' for some time, but in the So the business was inevitable friends would make money beyond the reach and and his enormously and got Hence there were increased ability of Nagent to and manage purchases. it. Then caine losses. injudicions and these, sales with large sums things put to into a disastrous machinin ery and far buildings, greater than brought Haldwin had anticipated issue the beginning; said Mr. Teese, of Mr. Nugent by him crowding The idea. Mr. Baldwin in the to furnish manner capital stated for the s absurd. Baldwin Nugent was was to pay per cent for say it business and Besides this there was In interest regard to at the as 12 brokerage. per cent, which Mr. Keasbey he paid. does not undertake to stand amounts drawn there was nothing in the bank certainly to repshow that The deficiency show was had for them, by something. Mr. Nugent T 'he never book skeeper a bank reseuted book and the hasn't balance one in now. bank. The business didn't was completely know H. Emery, in counsel Mr. Baldwin's for the hands. bank, & stated Co. in Cin- yesterday John that the property of C. Mr. Nugent Emery had written the cinnati had and been other attached. places where branches what could of be under to even firm to Chicago were established the laws of to the ascertain States in approximate which such done property the total was. value of He the was property unable of the firm and said that no estimate had was been made. at his home, No. 80 Parkplace, President yesterday. Halsey but could has not made be seen his faini'y by report- and ers. His solicitous extreme for age him. A director, directors who was on Mr. friends present at the meeting of the Halsey bank bore up under Sunday night, with stated wonderful that nerve and without fortitude show- and the blow in his chair in the meeting weakness sat ing erect any sign of mental or physical DECEIVED APPOINTED
