1889-07-13 — Page 2

them.

then read

did not conealt me as to be of shares

MAIL BUFFLEMENT TO THE "HONGKONG DAILY PRESS," JULY 181, 1880.

It

his

and

did not know or bear how many shares Mr.

were violent fnotuations. I do not know the on the market. The defendant promised to make latter was written after his having refused to their stook. The saleable value of rope and herauss of this rise in the price of heap and tha inteinsle value might be difforsal things their having fastarad rope from shear Showen held himself. I did not know he was advised him not to sell, This was some time in reason of it There were rumour to the good the differance between rate I lent the rheros deliver these shares on each dakivery.

ring in Ropes." Darlorat and the rate I pursheed at He has never Was than falsehood or not. It was not: I and on making up the account tha houp. The year was likely to be an extrema. buying inrgely, I did not know at the bagin Janny, I do ant know that in conarquence of offact there was

they had sold was sold at a considomblé luas found from evilen atrendy given by Mr. ning of the year Mr. Shawan hold over 1,000 my advice be olanged his contre of sotion. I that time I cannot say whether there were any done ao, yet. The differenes is something like told him I had to sell the shares on time and oond year they found that the rope ly good one for the Rope Company, and they shares. The arraugument between myself and heard that he had arranged to soll some of boos da tinutions, I think during March 817,000. I had othor trasestions in Ropas ja must have them before Ols March

Ee had any time up to the 31st March to de-Inus of $14,000 917.000, which considerably Showin that he had contractel himsyf for woman- Mr. Showan was not confederacy. Tomasider these shares and Idrised him not to do so. I and April business was being done in Ropes" February, but they here nothing to do with the it was perfectly legal. I may have bad me think this was in January. I think the trans. bat our firm is not much in Ropes On the case, On the 4th February we put though 25 liver them without damage to yan, had he nut? more than wiped away the profits of the precond thing slightly or 1.000 hat and blutely ing year. In 1887 they were scarcely working at held a very large number. They had heard conversations with Mr. Grimble about these actions related to about 400 shares. told him 16th March the lowest is quoted $1205, probably shares at 899 delivery 31st March; 5th February Te shares. I may have told him Ropes were good, he would do much better not to sell. I will not that is based on our transation on 2nd Mareb. 65 shares at $100 delivery same data; 11th Fe And do you still persist in saving that you all, but in any case the result of their sales of frsta, the evidence of Mr. Danby that Mr. favourable and codused their Loss on the entire ether people employed in the same offre and People outside would not know that I had moans swear to the data. I only advised him ones. II cannot apoount for the jump of $120 to 3:10 bruary 125 shares at $123 eneh, and the 2001 touglit those 200 aliares to siply the place of the old rope during that year was a little more Showan, his brother. Mr. Potts, Mr. Dar and of knowing anything particularly about the did not advies my the else to the same effect. in one week except that I heard that the Com-have just mentioned. On the 29th March 125 to 260 laat by you to him Ye

Will you be so good as tall me if you return your'a working to something Wes $8,000. That engaged in the same business, were on gaged in *Repes." Mr. Grimble might know. I on My shares were in Banks and is friends' bande.pany was doing well. I do not know whether shares at $150 for delivery next day. Defendant

bad lost over the whole three your's a sum of got them. Họ had no hesitation in waying th not give the name of any braker who offered me I never had more than 300 shares on deposit that was owing to the operations staring. Be asked me to give him a memorandum for the 200d those Cement Ehairs un let March PT don't was to any, at the end of the third year, they buying up those shares ne fast as the could $176. 1 de not know of any benefide offer for at one time. I had bened from plaintiff that his Ford rumours I have ne koortage of such a shares I had lent his at 20. He said this know when it was, but it me before that time.

- Did you not settle with him March and 88,000. They had a very considerabla strok. et they did the making was of the knowleden whil is positions of condonos and track they lend $210. I cold have pot 3178 minon the 31st March, greatest holding was from 500 to 600 shares. I ring. I heard that Mr. H. Showan was buying would compel the other brokers to sell at a chos- Mears. Stolen and Young made me that offer. met him in the alrent as I was going to the largely Qu the 23rd February there is a no per rate. He said be could show the other brokers strike a balance and hand kim bank his security, hemp in hand and a considerable stock of ropa. After the report came out I refused to sell for Chartered Brox, I was applying for advancos minal quotation 3270, highest 200, lowest this and get the shares cheap. Aas matter of the whole thing boing settled P-No, on account There was abanintely nothing hapetal in the nequired: Mr. Potts hal to them with

a prose branch of anty if anyone had given this $176. I unut espeat what I said to Mr. White-on my shares, and I think plaintiff 110. The guros were put in the report fast this was a bogus nota. It was dated the 5th of the increase of the capital by the Cement Ceroport presented. During the catro of 1889 geist appearanes of candour that it would be very great extent and the price of rope naturally Information to sliders, but he did not think hood when I asked him for the advance. I think doing the same I think it was in January, but on authentic information I am oorteio, but March. From the fact that the defandaut bor he came to ask me to give him his sorip to send the price of heap unexpectedly went up to a I asked him for 8100 an 420 shares. I was pre-it is difoult for me to say. Perhaps a applied I cannot remember now where I got it from, rewel cartain shares from on, I infer that he back to the oflos.

And gon gave him the security although went up, but he doubts if it went un proportin jarr an honde of house would a ney-lifter- sent while Mr Showtan was there. En asked for jointly for a joint loan on our shares I do not I have been told that shares have been done in had sold alert for the 31st January. I could not

debt was not paid P-Yes. I ro tionately. However, that was a very fortunate ance in his going into the public streets and an advanceo, Iboltere, 1.000 shares. Mr. Shawan remember anthorising plaintiff to apply to the June and May, but could not soar to it. On sap whether after the 31st Janner he sold more roar.

taried the, the shares, not unconditionally, thing for the Company and they exceeded is stating that thin Rope Company were gulug ta did not my that he could bring in a number of Hongkong and Shanghai Bank for an adence January 8th, wo did 50 Ropes" for 888, da but my belief is that be again gola stort.

31st January: January 8th, 100 Cross-ated-The 754 shares I bought hat on the understanding that as soon. Be selling by far the greater portion of the old stonk make 359,000 profit, and his telling all sorts of my abures and other people's. He said he holds on my shares. He knew I wanted one. There livery

Ropes" $92; same date 88 a for defendant in October were not the ones I he got fully paid-ep rip he would give of 1865, 1886 and 1887 at very handsome profits people that "Ropes" nors to be bought, that..

Ropes small number for some one in Fossbow. I did was no joint advances for was there any advance 14th January 14 for 1st March, 2 lots alluded to when I said I bought 500 to 700 it to me or some usher sconeity in its place. indeed on what it had cost them to manufacture Rope were to be held, and in going himself pot tell Mr. Whitehead I'could get good names o e individually at that time by the Hongkong

as he could possibly lay bis bands on. Brokore for security Mr. Shewan may have done so. and Shanghai Bang. My brother wanted inau- 50 at $94 for March; twe more, lots 50 st bares last year. Altogether I bought arer Wish I was buying last year for the defendant and in a most triumphant manner a profit of into the market al buying as may The whole thing has passed out of my mind. I ciel assistanca alsc. There was no joint arrange $0-1 for Maroby 22nd January 50 shares at 894 1200 shares for dim last year. I said the 754 I need to go to him and tell him the price at Brat. 850,000 was announcel. Bat that sam seemed got my advance and I was antisfied. The actual mest botreen me and my brother or plaintiff as delivery 30th April. During March I cannot shares for him during January. I cannot give Test year in a general way he gave me orders to have been netted by the sale of this old stock, and other persuna interested in stares in this. to buy and if I did not see him fur, some time not from any, marits, not from any opening of colony, were elever enong and acute enough Loss I clair by the defendant zet delivering the to fintmoin assistance. They made their say whether bad instructione to look out for the name of the person to whom I sold 900.

Mr. Francis I must have the noma

I used to report to him afterwards., it was now markets, not from any improvement in when they saw Mr. Potts Mr. Sheran or may shares is $5.600 consider In that out arrangemante, so did L. There was an agreement" Ropes." I had in May and found that I could

Witnes got it on the distinct ander understood that I bought at a certain rate. At quality. Because they unexpectedly hapene alee holonging to that frm buying Rape shares to take the Lint as bo baw matters stood. pocket. If he had delivered them I should most prepared between myself and Mr. Fery to the get saura, from Mr. Showan for $176. E do

of remember anyone else, but I may be wrong, standing I would not give it. I appeal to the beginning he did not give me an indiscrimposed to have on hand look of rope protably have held thom. I had not to go into effect that we would not sell sharus oxcept at

inste ordar On eve coision last your he gave manufactured cheaply from cheap bump, they Let him give Mr. Potts and his Erisuits credit the market to buy shares to full a contract. ceruin prios. This was not long before In April and Stay I heard that Mr. Shewas, and Lordship.

His Lordship-Yos amat give the name, Ime an order to buy "Ropes" but I cannot re-uccosted in inking agross profit of $52000. fer at having denied in any way as to wh I delivered fifty of those I already held to take March Slet. It was not in January. I do not others I cannot remember, held "Ropes" It

mierher whether they were bought at his limit Bat so little was that profit-making to go on, use they made of this knowledge, but he supp sed my contracte gent: I know Mr. Doer had know how many shares Mr. Perry had He was considered in the share market that Mr. know of no privilege in your case.

Witness on tuwing Of the 500 mld in or over it. He sometimes scid that a dollar or that the moment their stock of chomp amp was the question would some up, it would masturily shuroa. I thought about 100. I did not know give ma to understand that he had 500 to 600 Shewin had a good number. It was not that he had come to any agreement with Mr. shurer. We were not to sell undex 175. The consideret that he had cornered the market. January 200 waro is Me. Perry, 900 to Mr.two did not matter. I had nothing to do in exhausted they stopped working from Novamariss out of this case, as to whether it was a thing puta in the market with rope mads from doar be tolerated for & moment. Further, defondant Showas. I did not know Mr. Watson hold any plaintiff pr mined me the refus 1 of way stars I had a momes from Mr. Shown to give the man Grimble. The 100 on the 15th January were peranding Mr. Incuball to well at 200. Idd bar to March. They knew they world not vom which in any rospectable mercantile firm thould I anderstead be had to get fifty from the de. he had got before he sld them to any bio else who was enquiring for shares & quotation of $176. bought by oarealves for cash und were delivered not suggest the pries to aim.

I think Mr. Deason was the man. 1 know he to him on the 21st January and were sold try. { Re-examined-As the 3th Math business hemp.. If during the three early years on entended flut these gentlemen confederated fendant. I told Mr. Grimble that if he had The understanding with Mr. Potts was not to shares ho had better koll them. did not know the beat of my beliet come to before March ured fifty shares to Mr. Shewan. To my D. E. Saxon. The 150 shares on the osme to a standstillede market for a time, in hemp was cheap and labour sheap they could not together with the deliberate aim of raising the On" Ropes, owing to non-delivery of certain sell their rape seept at a loss, it was aband priceof these shares. It was total allewRTY.IN Batly clear that it was only from the rise in the his Lardship would tell them, for confederaten whether he had any or not. I did not advise 26th. I had no such understanding with Grit poflection he did not instruct me to do my best January were sold to Mr. McCulloch.

nspirals to meat in a room and discu Teryone The I know hold shares to hold on to ble. My brother left his shures with me to do to get him theso tity shares. At that time it the 19th February I honht 100 shares shares on satte at any

N. J. Bobic so said I am a book-keeper in prton of hemp that they mads any profit, and I remember Mr. Yoly asking me se I liked with Since the 31st March I bave was rot understood among the brokers that Mr. from Mr. Inchbald and 100 from Mr. Putik. I about them, and if he should purchas "Ropes" old 50 to Rnatamjee at 176, but he has not Shesta was the only person who had shares for bare not the account of the transaction with Mr. Messa. Hugbus and Era, share-brokers. On they stopped working whos the beap bomp was their plans and intentions and any in so many Had I wanted stores failing principals, Inchbald. I took delivery on the 31st March. February 18th the concerned sold through as dane. Ele asked the inry as commercial men, words that Rope shares were going up, that and I said I never advised anyone about baying paid for them; trough Stokes and Young, sa ebarak. There was a general ramour in Febra-20 through A. S. Cohen; thoss last were sold I should have goue to the brossrs. I old not The contract note was dated the 13th February. Rope" shares for $100 for delivery on the sxperiensed in theso matter did that state they should agree to buy them and hold them ary and March that Mr. Shewan was the Enrgest at 175 or 176. I have been tale that Mr. Creasy swear that at that time I knew of anyone I cannot say when it was signed. In a business 51st March. The parchador was E. N. Mody. of affairs shon any reasonable prospect of this to a certain day and Lot sell below curtain I am of opinion that way we send the nota to our clients and they Febrasty 16th is tho next transaction; 105 shares Company continuing to mannfactors and all price, so. long ng sy andersteed one another helder of shares I know thers had been a quar. Ewans purchased, the 25 thrangh Stokes and else who had sheres.

between the price of hemp and the prios of rope pose. It was quite safficient to establish con between Mr. Shewan and Mr. Grimble. I Young. and Mr. Ismail, actor for Detajes during April and May a great many brokers sign at their leisure. Lamppose the note would at $210 cash. Neither the buyer or seller was rope at any profit? Suppening, that the ratio and were acting together for one end and pur Cross examined-In the first transaction remained always the sanus, there was not mare spiracyîf without each member knowing the other heard that was in onsequence of Mr. Grimble decensed, the 25 through A. & Cohen. I alan di business iu" Ropes" For the week ending be returned to us in two or three days. In a Mr. Tomes, Potts, Daer, Jeewan, or Watson having acid claros to someone after he bad given sold 50 for cash early in April to W. H. Wallace 39th March there was no brainces donoin "Raper" certain way I had the authority of defendant

in purchase forse 200 shares. As he had not Hagber and Ezra wore the ces the sellers probability of their making a proft out of deur all were onfederated with one man. Their s the refusal to Mr. Shewan. I never board that at 179. I had no precious contract with Wallace otherwise I alonld have put it into my list. Mr. Grimble was stopped from surrying cats I had no contrast pending which this transaction Re-examined The quotations in our list are returned the shares Ikat him I had boy to The shares were their own property, I dit hemp that out of disp hemp. That was was that nearly every one of the parsons name contract he had made. Mr. Grimble used to could have satisfied. I did not sell any skarse practically last quotatious. There were trau- cover. I gave him notice I was going to bay make out be contract notes, at I saw them. abundantly, shown by the fact that as soon as-with the excaption possibly of Mr. Tames-- "and was acting under his direction. So far s some inte life at Baxwell & Co.'s about twice a iduring the last 10 days of March. I think, 179 sactions I heard of in May and Juno. Ou the them and he knew the market was over Messrs. Hughes und Ezra did not appear as the aid cheap stook was done and they had to onfederated and bound with Mr. Shows

16th May 1 heard of Lopes" at $155 for the $200. I. 45 not give that notion in well principals on those notas bat as brokers. I do buy daar hemp they stopped the works for fre work. I do not remember bis oeversing about the highest price I ever get. I have beard of Hope shares. I did not koow at that time los at 504; I bought some myself at 200. This end of October and they were re-sold on the ing. I have to record in writing of having not know for what the purchaser wied these months. The paid out of the 852,000 a dividend this action was concerned they found that the that he held them. On the 30th and 31st March was about the end of February. I purebused 22nd Blog $178 for end of October. I de not even that notice. I settled with Mt. Potts shares. The first transition was for delivery of 19 per cont. If the whole accounts for the persons were all mooybars of the same merca

The shares ist Marah, the second was for cash. The pur four years we added rip, he was afraid it would tite fiem, all living together and comingnicating I was in Hongkong. I do not know why I did about 12 at this price for oseb; I think the know the brokers. I know cue of the principals for the 100 shares from him.

Ilant the defendunt were the firm's bad chaser of the 175 shares at 210 paid a portion be a very small profit they could show for together daily; they found they were ali not get the printed circular on one of those days, brokers were Legge und Tong and Gabtay. Ibat 1 got the information on distinct nodex.

Rope Works to leliver them from the 31st March. We were of the money and we had the shares. We do these four years. As commercial men be asked in possession of a coomon knowledge

Ito the state of the if it was posted to me on that date: I supposed have heard of other transactions at 200, but I do standing that I would not give his nam

In a general way brokers often not hold them now. They wars delivered to the them what was the valoo of the shares in such a from what I heard in March that there was not now remember them. 3,000 is the total was not Mr. Shewan, Mr. Potts, Mr. Duer, or not short

buy shares for cash aut roll on time. I bought parchaser. I cannot remember the date. I.can Company as that, supposing that they were like the prosperts for the year is found that ly to pay 1 per gant. Out of the $52,000 pro- they were all buying ap shares as hard as they serner in "kopes. I did not believe at that number of slars in the Company, Towards Mr. Watson.

At this stage the Court adjourned till this those for cash and I sold them for delivery on the tall by looking at my looks. time that the greater part of the shares were the end of March, when. I was contemplating

fits last year they properly applied à part to pay could daring the month of January, and they 31st March On the 5th January I bought a This closed the case for the plaintif beld by balf a dozen men. The brokers may making the agreement with Mr. Perry, I tried morning at half past ten o'clock.

Fold 193 shares at $89 cash; sano date 95 aliores Mr. Franois. in opening the cash for the past loss and a port went to depreciatinu found from Wr. R. Showen's evidence, which had have told me but I should not have believed to find out who held the shares bat could not

9th July,

at 589 delivery alot January; same date 50 defence, said as the Attamay-General in his taud. He thought he would be able to prove bear pot in by his friend, that his brother them.

I knew Mr. Showau 'held shares From, I knew that Russell & te, hold shares. I lumt

The hearing of this case was resumed. shares at 894 delivery ist March; ease date opening and manobet, this transaction on the from their articles of asiation that they maca held a gobor of shares which to tait to his what the brokera tobl me I wae led to believe ask Mr. Tous about them. I and my brother

William Legge mid--I am share broker and shuros delivery Sist March; same date 75 face of it was a very simple thing. The defond forbidden to pay more than 12 per cout. Sop-Mr. R. Shewan's management und disposal.- there was a ring, but I only took it for what it bad about 1,100 between . I did not know

Mr. Poita I knew had hure beau ous for iru years. have had pretty shares, me rate for 31st March, but they were ant uptoabtedly contrreted to deliver 30 Rope pose they took the dividend at 12 per cent. what that Mr. Daar had done the same, that Mr. Moora was worth. The existence of that 1ing had no that Grimble had any.

sbare broer. I have done taken delivery of on the 20th February with shares to the plaintiff on the 31st Marsh and he was the value of the 350 shares? Was it any somewhere'ap tue const had done the same, that indance on my transactions. I gave long 500. I had heard that Grimble bad 400, Mr. good uzperisce as privea for my shares and I wanted long prices. Duer bad 175, and Mr. Watson 25 to 50. I think transactions in Ropes" this gaur. On the 1st consent of the buyer. On 7th January 25 shares did not deliver them. He repadiated the con- thing over $100 ? The intrinsic value of the Mr. Potts bad given him authority to sell is I did not give long prices becanes I knew of the Bussell & Co. were bound to hold 50. I do nut February there was a sale on behalf of G. I. at SC cash; same date 95 shares at 7 fer 31st treat, and the question for trial on this occasion shares given in Meases. Stakes and Young's share shares, provided that he did not sell under a fixal existence of that ring. I was always willing to know how many they actually held. Mr. Perry Watson to E. K. Belilies of shares at 897 January: same data 160 sharma at $86, delivery was whether he was justified in repudiating it list,wau55. There were two reasons why he asked price, 3176, and that Mr. Potts had promised that sell shares, at a price. That price was fired by stated that he had 500 to 600. I do not think cash. On February 5th I sold on behalf of Mr. 31st March; on 8th January 50 shure 326) cash; or nat He was perfectly well aware that suck them to consider and bear particularly in mind on hiaside he would pot sell or disposeofbis shares Mr. Shewan and myself at $176.

that Josaph and Fredericks had themselves u oon- E. Shewa to Joseph and Fredericks 100 sate date 70 shares 588 casi, same dato 15a pesending as that did not come before a jury the intrinsic value of those shares. First, he without communicating with Mr. Shawan. They Re examined by the Acting Attorney General |siderable number.

"Repos" at $102 for March 31st: on same day I shares at $90 cash; samo date 150 at $91 deli- of mercantile men with anything particularly in ear there must be some relation between the found that in that way dr. B. Shaman held a - call, it spevolition when you bay shans you Cross-ed by the Attorney General-I sold a further 50 shares for the same parties at Tory 31st March; same date 50 shares at 591 Ita farour, especially when what was repainted price a man was willing to pay for a anaher of very large number of star himself, consider- casuot pay for in the hope cfs rise,

huda joint contract with plaintiff for 50 shares in 3105 for same date; on the 7th February I sold 31st January; same date 50 shares at 302 for was a contract connected with share trans-shares in the market and the intrinsic value of ably over 1,000 shares at different periods during between their value as an interest- the three months, which he had parehasad foc His Lordship-I should call that by a much Jannary may have had anottor joint ac. from sanie parties to same partios 25 at $108 for 28th February same cate 50 shares for 81st actions, in which, whether they were strictly them,

ond of March; on 9th February 1 sold for sir. March 10th January shares $85 nah; on legal er illegal, it was the code of honour and bearing investment and the prices that parties. the 31st March, and that he bell on the last day strougar name.

count with him for 25 abarım kat I am not sora. Witness continuing suid-Buying shares and Mr. Potts had no interest in the 900 shares Belling 25 shares at 5109 cash, on the 12th 14th January those to defendant you have got: not the strict lettor of the law that prevailed. in the market were willing to give. Therefore, of March after the final settlement 900 add selling on the rise night I suppose be called which I held at the end of March. Petts want sold for Mr. Shewan to Joseph and Fredericks on the 15th January 30 shares at $90 fer at They were all acquainted with the state of the in nonsidering all the transations which had shares. They found that gentleman bad c sproulation. I had no idea of any bures as in alone to the Manager of the Chartered Bark 5 shares at $200 cash. That is all in February, January, same date 50 shiness at $90 same dali share rantket hard, and the amount of what he taken place during January, February and March; trol over not only his own shares. He had for. regarde the declaration of dividend. I simply when he was applying for an advance and I went In March I had none. I do not remember doing very; delay for the 15th January for de- would not besitate to call gambling that went would ask them to bour in mind, their in-gotta te noation that Dr. Grible bad pro a cash transaction at $200 in March. I had fendant you have; saule date 100 shares at $91 on. They all thoroughly understood that the teinsiv. value as an interest-bearing stack and mised not to sell, but he (Counsel) believed "Mr. It was part of defendant's Grimble broke away from his contract with Mr. made my own calculations, which were practical in when he was there and then I made my sp I guess work. Auy knowledge gained from plication: I did not intend it for a joi tapplina e transctions in April, I have had no dealings for 31st January, same date 100 shares at 391 greater portion of that Lusiness was generally the market, value. The boks of the frm it would be a breach of contion. We did not start from Russell & Co. with the defendant. I bave personal knowlodge cash; sume date 315 shares at 893 for end of Jann inne in accordance with methods and fashiona ise, if they got as far as the questice of Shevan. They would have. Me. Grimble in the Adenco to make public. Casual rowarks aight bo office together; we went, independently of each who was holding Repes in January. Defendant sty; same date 50 shares at 35 1st March; same whi-h, if they came to be investigated in a court damages that there was on the 31st Mar, box later and he would tell these all about it passed amongst the employes of the firm a toother. I made my application to Mr. Arm-held between 1 and 2,000 on the 14th Jand-date 25 shares at 50 cash. The entry on the of law, probably wondrat hold water. The con- when this contract fell dus, no market value for They found, then, that Mr. Shown in one way how business was doing bat no ugures or strong fast. I was referred to Mr. Whitery. On that date bonghi 80 shares from 18th for the defendat you have, same date 80 trints were generally in forms that would not be those shares. And he thought his Lordship or another had absolute conteal hy agresmoal Bra in the Rope Comping and there wors particulam would be mentioned. I cannot say bead. I wont in when plaintiff was there. Ihlu at 389 for the 31st March. I don't know of shares at 893 for 31st January: shme data 50 recognised-blank transfers and filled up would tell them that by market value could only with those other gentlemen of fully 5,000

$94 surips. The greater portion of the busloss he met bond fidle, honest, marker value ba how anything that passed between myself and asked Mr. Whitehen if he would increase the any particular transaction he had after that ex- shares 894 for Stat March; same date the bank manager would get outside unless neommodation to me as might be able t cept by report.

for 1st January: ou 21st January 25 at 9111 was a question at honour and not of strict tweeu fair bayers and sellors on both sides, only 3,000 shares ic it. Theva were also cosidas through the bank manager..

bring in a large number of these shares Cross-examined by Mr. Francis-I acquired cash or the 5th January 25 at 205 for Slst law ce strict rights. They were all in the There being un markat valay for those abreak, able number of shares noosavily haltby persons The following evidence, taken de bene care, was Piniatit was standing by. I did not intend to tay knowledge of Mr. Rustomjee's holding from Marolas date 125 at 595 onsh; same date 57 habit af looking upon it is that light and the ordinary role which applied in eases of this who did not want to put them on the marked al-

make a joint application, we each wanted money general knowledge of his transactions supported at 87 cash Those are all teamsnotions for month dealing with each other in that manner. There description could not apply in stiuating dau-all; who were not connected with this confederacy:

of January. Beginning at first date in Jannary for, when a mah same forward and repedistages. If there was to market value, either of at all, so that as far back as the 12th February Robert Gordon Shewan (sworn examination). I did not actually know how many shares Party by bisuwn statement. I am a clerk in the employment of the firm of had. I did not know that he hold one. I be B. Torg said-I am partuar in the firm of the 95 shares on the 5th January and the 50 at en ontract, he could perfectly understand two things must be looked at. What leas or there was no question that this confadorasy had I have uarried 884 wore for Br. P. Shawan; on 7th January that the opinion of a commercial jury would expense had the party bean put to by not getting borghi up every share in the market It was Mars. Bussell & Co. I have during the pre-lieve be had 165 shares. He said he had 500 or Toug ned Grublay, sharehrakers. seat year had unthing to do with the basi-600. Plaintif did not hear trot me about my on business in the Colony for over a yeareale of 9 at $87 for Mr. Shawan. Parohase of rest. Hikely be in favour. They were what he had bargained for, or what was the value for the fury to say whether these facts wer s of the Hongkong Rope Munafastaring me propo ed agreement with Ferry; I may have Daring Felauacy of this year I put through 50 shares 8th January for R. Sheran; So shares doabtlase all well acquainted with the game of the thing which he ought to have had. He prove from the evidence already put in and pany, Limited. I have written most of the lot mentioned it to him, but I cannot say. I took some transaction in Ropes. On 7th February I at $92 same date; 100 at $93 same dute, thuf poker. They know that all sorts of blaff" weakl pul it to the jury that the market value of which he should be able to strengthen by the tare consored with the business. I have had the muagement of mother's shares about learnt, delivary 31st March, od ou Jaunty. 25 shares at 305 for March; also 125 hesitation and proderee ware indulged these shares was not or more at the very onfeile eridance he intended to call. One of the pria nothing to do with the accounts. On the 1st of the end of March. I did not tell plaintiff. that I saw day 6 shares at SKS for 30th June. On shares at same yrito, Galivary 31st March; 28th were a part of the easie. Men played at the than sbeat 8100, and it was part of antendant's dipal questions upon which he should ask tas hagantiemer confederated together for the Jaunary, 1889, I owned about 500 shares is the bad done so. The sale of shares through 13th February I bought 75 almares at 8900 cl. Joanary sold for Mr T. Shewan 51 shares at $97. gne day after day and night after night, and a case that in nearly every tansactio in which the jury for their variet was whether in any sens parse of purchasing cheap shares and deliber company; some of theur were registored in my Stokes and Young at 175 was about June 20k kad no further transactions robenary. OnThese R. Shewan's transactions. On the man was perfectly at liberty to work to the best price was over that are the price was, ofthor game, some were not. On further recollection the sale through Cohen wascu May 29th. Ihave Ist Marol I did 55 shares at 5160 for 31st Mar. 8th Junary 30 shares at 384 1 purchased for of his stility within a certain limit to docelve the price given or made by the persons wb hel

We Mr. W. Shown. On 7th January I bought for his opponant, and large, subs of one occa- bonne temelves together to raise the market afely and unfairly raising the price in the value of much share and to cerns the defendant. market and whether they had not been wolling I did not own more than 200 shares on the heart of a sale by Cehes and Georg at the end. We had no further t enactions in March.

Grimble 25 shares al 887 cash; same date 95 icnally changed heals without any one, ap 1st of Januarg. On the 1st of Jury, I of March at 210 I think Joseph and Ezekial had none in April.

or they were the prices given by people who had among them:alves for the purpose of getting Cross-samited-I was the seller togself shares at SH7 for 31st January; same date 10 pealing to a curt of law. It would be gon had bought 90 on time contract, but I did tranes ted some dealings at MH at about the

od 1st March and at 886 for 31st January. On the 8th January aidered thorongily dishcpourable for a man to been let into the same hole as Mr. Rastonjos,quorations which they represented to be thess nat bold more than 200. I had at different me time. When I advised Grimble to hotd of the. 55. abares times purchased more than 900 stares and sold the 400 shares be was a grout friend of mine; Mr. Duer was the purchaser. The transaction I sold for him 150 at 800 cash, Mr. Porty appeal to a court of law to resist his gambling but who rather than face proceedings ins Jourt bus tide transactions. It was for them fo some from time to time: I reckon that I stood there was an understanding between us that on the 7th February was between Grimble and being the purchaser, and also 150 shares to debts. Rut, there was no poker player who aflaw or have any annoyance, had me up their to say whether this confederacy existed for tha to get about 900 at thxt time. On January 1st would let me knowerboat Aie shares. I advised. Duter. and the other transaction ou the same duy Mr. Perry; same date 50 shares at 391 old would not for his own sake and in his own into- minds to bear the loss to bay the shares and parpore, and as man of notamon sense and justic I cannot siy how many I stood to buy. Alte bim as a friend. I deny that I was a party to was from Grimble to W. Shewan. On the 12th to Showan; also 50 at $82 sold to Show rests draw Lue lise at cheating and swindling close the transaction at any exosuse, and theythar weld brable to judge what the intention of point of results. The result of the aetions of these gether I may have paroliased from 1500 to 2.000 contedurany a raentioned in gation 7 of the an Fetruney the shares were bought by R. Shewan Then you base the 200 from defendant on the Brery mangas at liberty so far as his actions got bkese shares either from or throngh the cou- the donfeteroy was from their conduct and its was-was there à fair open asrket, gentlemen had barn to forea up the price of these shares before January 1st. Besides the 0 Iswer in this case. I do not know of the existence from E. J. Corons I do not know who was 13th January, On the 15th January salt on and expressions were concerned to asok to doceive federates. Now the greation in

Grimble's acount 343 abarea; same dale said to his opponent, but no aen or sets of players were law

He thenght Bhares in the market far beyond their legitimate had. I stood to receive about 700 shares up to of any such confederacy. I never heard of any Cozon's principal. On the 31st March I had to Jane. I may have contranted to reorive about each confederacy except in the allegations in deliver 100 shares at $104 to Mr. Deer and 25 Shewan for Grimbls 25 at 295. Thote are all at Itbarty, to pask the cards or to confederate and a fair open market price?

shares to Mr. Deer. the sale of the 200) Grimble's transactions for January. On the with other for the perpose of winning; and 934 Lordship would instruct them that if there vans and to prevent any person who unfortun 3,000 and all about 200, the making the the answer. balance of 700, but I cannot give figuras exactly.

Re-examined by Mr. Francis:When I told sharan Grible was my principal. It was the 1b February the transaction 125 sharesat $195 c one, however invaterate a gambler and how were no transactions golog on during the ately had to buy shares from getting them I have no metoorandum which would help to fix Mr. Whitebond that I could bring in other transaction of the 7th Febratry. The 25 were the purchaser was Mr. R. Showan, the seller af ever therooghly determined that appeal in alt greator portion of Hebranry and March. except except at such pries as the gentlemen had The transuction cnob matters should be to a court of honour-the transactions between Hr. Potts sad his courentol. If the jury found that such a co- these figures. The 200 shares were held by myself hares I was referring to my bother's and to at a pekee of $18 That is the transaction of 50 of the shares ourseires. ana. Some of the contracts to bay or sell after those of sther parana nad with a view to the sub. The shares word not do- 29th March 25 at $156, purchased for defendant, oge would hesitate for a moment at the very least panies in this litt's acraexement, or between faderaer eristad, the bozk question was weathe 1st of January may have been for other people, making the agreement with Mr. Par. If livered to Mr. Duor in tims on the 31st March, the seller u boro fide hoidar. The list I have sign of swindling and cheating geing on outside herenflow and persons who were compell plaintif a member of it? The evidence against and some so secount of myself jointly with anked get the money I should have used it myself he refused to take the twenty-fire loss gives you for January is a completo one both as the fair rule of the game, outside the fair libertyed by their operations to buy a for shares at any him was not so strong as that against Mr. Bay- alber person or persone I had one shares un af The other persona ore Me. Veers and Mr. got the other 10 out of Grimble for $104. regards my transactions as a broker and prin- and livenes given to sach playur in that gamepris, that did not constitute a fair or bonest, wat, because they had Mr. Showan's own stats. words could go, most positively joint account with my brother William Sbswan. Daar. I had not consulted them on the net Grauble even ally supplied those shares on the cipal, in the 5th January 195 at 883 asb, varto refase to pay a stake unfairly won. Now Mr.ropea, or boun de wark it for this purpose of mont and admissions while Mr. Potts o

We Rustomjee. he keew and they know, had been estimating damages. He would also tell tho far as I had come with Mr. Potts, the plaintiff. 1 of the sulrance. They were willing to leave me 2nd April. Gramble was unble to deliver on firm was the hayer au our own account. bought same on account of Mr. Moore, of Foo. to do as I planned. I never proposed to finance the dist March, os he had to get the shares froxo sold these stures the same day on time. 143 for many rests a tory kean speculator, taking that in so far as Mr. Petts and his son, died that he had anything to do with obow. 30 I benght for him daring Janaury. I Griable shares. I very likely thought that Mr. Mr. Shewou. Mr. Griable gave us an order shares core to Mr. R. Showen nod to Mr. afl the chances of the market when they came in panicas-assuming of source that they found thay say conspiracy nonfederation, or combina W. Shewan Mr. Duor was the purches his favour undoubtedly. He fr. França) was worn working together had a hand in making ton for mixing the price of the shares. Jaunot say how many shares I taght and sold. Patty would join fu too, I do not think that in writing to Mr. Shows to deliver them. Probably dealt in 300 to 400 shares during anything was said to My Whitehead to lend him te-crained the transaction, 100 at $104, of the 225 shares at 84 which were delive perfectly willing, fures the merits of thin the market price or solled market price, thers at the jury would have to judge Mr. Potin case were concerned,ire him and his charar-was melty non. It was also part of defendant's not by what he said in the witness box but by that month. By the end of January I had in- to suppose, that if and i wore seting I did not fell Mr. Duer at the time that Grim-on the 22nd February by agreement. 14.

He was reased my own holding of shares by about cintly I oferal frito anturity. This way he was the soir. On the same data put stead of 31st March. On the 7th January san tar extirely into theds of the jury, but Mr. case that Mr. Potts, valike some other persons is acis at the time when those thing were done. Le: aberasiz percession held in my own right. 1 have led him to think so

through a transactics at $108 between Bhewan of 100 shares at 896 was on our own scant, Rustomjee, amprosing they set his tons as best names had been mentioned in tas Now, their ouse was that Mr. Potts was oue [

and inveterate gambler, was course of the pracaelaga, hail no contracts on the clarks in Mosara. Eussell & Co.'s therstore hid about 300 arare in posarasion. The not witalled war Walter Hurry--and--Grimible. Showan did not know who the We sold there to Grimble. I signed the son ccnfioned

the seller was.

tract nols in the usual way. "for tine ecocer perfectly justined in drawing the line some hand which he was obliged to take up. possessed of special knowledge of the Company's had to go into the taarket, working and he had frequent convariations with ber I had also quatracted to buy about 1,000 for Young, abareteor. Os getting into the box

By Mr. Fraucie-is the first of than transced," a broker. Fthink it is quite straight-whore, and insisting that the game he was he bad delivers at the end of March; this ime ndes the Mr. Young handed a pelition to bis Lordship, 700 bharee contracted for in the beginning of rigued by the brokers called as witnesses, with tous the names of the principals were not disforward to sell as a broker when we are really taking an active part in should be played himself and pacebase abare at an oxorbitant rather gentle belonging to the gas first and January, and I had therefore increased the num the request that he would read it.

closed immolately. In the second traction principals, when we buy for cash and sell on net co something like the legitimata rules lus the jury would be entitled to take list into possessed of this same special knowledge and time I heard on the 13th February that the of that game and within the limits recognised onasideration in estimating his damages or his who were buying up beay shares. These geb- ber which I stand to receive by abant 300 during His Lordship said he could not read the peti-1 am not sure. -the month of January. On 31st March Enetution

Charles Cohon said-I am ushatebroker in Rope Company was doing woll and that the by honourable man. And what he said and what loa Ef sularly although there was no market tlemen were all living together and was it ras- ally-heldlabaut 900 abaren, that was on`ng`owni Mr. Yong said the object of the petition wis partnership with Mr. Georg I have had a long shares were gẳng up and I thought st advia their case was that tary repainted this contract for these shares or my market value for them, if unable to doubt that Mr. Potts was zot also in account and for the friends have mentioned. I to ask that witnesses might be allowed to keep experience in the Colony. On the 22nd March shle to buy those 100 shares which lefendant and refused to entry ft cut as they would refuse when they could not get the exact thing such as possession of that common "kwieden? Then hud sold about 100 but weez the end of Janmary out pages of those sli-nts who were in no way bought from an undisclosed principal. 25 jowed me before the market went higher. I to pay debt dishonestly we pokor, base in the case way of purchasing shirtings, they brokera vera arcording to his era evidence, and the und of March. At the end of March connected with this case.

Spes at 3200 for the end of Maros. On the did not do soy other transactions -lf at the cartis had been deliberately packed by coald got something different in the market, get coming it overy day and giving him inform His Lordship aid he was sure that Coarsel on 20th March I bought from un or disalsed print such a bigh rate at that time, but I heard players--and of those players r. Potts wa something a little better by paying a little more, tion will regard to "Ropes." They found the both sides well abstain from pressing for any pal 50 shares at S16 ex dividend, delivery next of a sale at $200 cash by Messrs. Toog and Gub. pag-before the game began and the stakes were then another claim for damages would one is. plaintiff baying at an enormous figure, at a I had a half interest in 50 shares purchased by information from the witnesses except that day. Both these transautions were completed. bay. When I bought the 100 shares from Malaid, and after the game commenced and the Rat in this case so far as the ordinary rula for monstrous figure at a figure which there was my brother William for the end of Fane. Just sossary to the case.

As a sharebroker I could not form an opinia Inchbald he told roe he had another offer to also stakes were put down the same system of dealing assessing damage was concerned, there was no nota single transnetien at the time to justify, 420 before the settling day as the and of March The witness was then examined by the acting as to the value of "Ropes" at the end of March on the spot and that na had better wake haste had teen carried or fer the parpose of winning market value and Mr. Potts incurred no loss.shares from Mr. Tomes at 8170 and 100 shares I don't think I had to take up ore than 1,000 Attorney-General-Ima share broker in Cross-examined-The 25 shares I bought a if we wanted the abares. I told defendant the nafairly. That was toscharge they made against They maintained that he had not to pay out from somebody elas at an equally big or bigger shares nor more than 400 to deliver. The 400 partnership with Mr. A. G. Stokes. We sold the 22nd March at 9 were bought from Mr. prios of the shares was 8200 ash and I must Mr. Potta: that he with a number of other persons dangus to anybody, that he did not lose because figure What possible reason could be have for were mostly for brokers who did not disclose same Rops share on the 15th January for Mr Grimble for Messra. Josephs and Fredericks have them; be said he did not mind. I would pay joined together to baring up tie whole of those defendant fails to carry out his contract. He paying sets price for theseshares unless ho know their principals. Lad dealings with almost Rustomjeti Mr. Potta. The aattlement day On the 29th March the lot of 50 was bought any price and he would settle the difference. Ou shares, deliberately stopped in and by their own bad hail the money represented by the 894 per perfectly well whether at that period he was or

We from Gritable by Mr. R. A. Bubbay

the Sint March. I furnished an account to de-aete prevented the defendant from carrying out share in his possession. He had not been called was not a party to the confodorsey, what Mr. R. stary broker in the Colony. I did not deei ex in March was on Saturday the 30th.

Solomon Isaac Danby said-I am a broker fondant.

his contract. They eald, furthermore, quite upon to pay taat, and all that he was entitled Shewan, Mr. W. Showan. Mr. Duar, and Me, susirely with Joseph and Fredericks. I do make up a weekdy share list containing

I in partnership with Boujamin and Gabbay. Mr Francis-1show you an recount from you apart from that, ose supposing the jury were to us the differance, if any, between this Grimble were doing, how many shares they held not recillect mulvising any ans daring Jauzary,quotations and operations, on the market.

own transactions Last year I had large dealings with the to Mr Rastorijen in March for 250 Rope shuree to hold that the contract was a good one and 394 par share and what the jury considered together, and unless he hail a very clear iden February, and March to bay shares, but I may make this np from our

I s other brokers. 43 to their defondant in Repe shures. I cannot remember at $220. If this traumotion took place in Fe- one that ought to a certain extant to be carried looking over the whole casa, looking into that they bed such a number of shares as to have expressed the opinion that they would be then good investment owing to the rise in hemp operations and I also squire of one or two large how many I bought for the defendant, 600 og bruary, why is there no trace of it in your out, that the damages claimed were excessive and the facts and circumstances was a fair salon absolutely command the market.

monstrota, and that they had been raised to for those Bharos at this date-not the mar Showani his evidoneo stated that he had 700 I think Defendant fald me be thought February account? remember a sale to Mr. Patts, the plaintiff, of operaters who now the market as well as the

Witness Be did not give me instructions to that amount, not by the ordinary coures of fair ket value at the fair value. Now the import-one time a sort of understanding with a Mr. --Ugars at 150, that male was made by mebrokers. The paper handed to me is our list for the shares would go up as the land bad been

between Mr. Potty should we in the witness box-that they would to brokers for the concerned" is for on 30th March.es Ropes" are quoted at henght very cheap and bed since gone up. The put it there. He told us he could not pay the dealing and fair playing, but by the deliberate and ant question came in-was there any confedorsey Perry gentleman lae (Counsel) hoped they

intentional antion of the plaintiff himself. He or general action undisclosed prinsiped; but when they brought 200. nominal. On 2nd March our firm bad price when I first bought for him was 76 and difference then.

Where is the momsandum you gave him thongbt his Lordship would tell them that where and other persons to raise pr, koop up un-bay up all the "Ropes" possible and would zot me, the contract plaintiff's name was insert transaction for 25 shares at $120 for the end of they went up as high as 90. Defendant said the

a man had entered into contract and the perdon duly and unfairly the price of these elares? soll say of their shares at a price below 3176 or ed on parchmar. When I made the bargain March. That is the only one for March. We shares ought to be worth something like 125 I have not got it.:

or over. I know that defendant "bought largely It was a bogus memorandum Yes with whom he contrasted failed to srry it out He was not going to say for a moment that Mr.before the 31st March. Mr. Shewan had said bis evidence this was before he went to the I did not know that plaintiff was the pur- had several in February. On the 6th February

Don't you think that this was an attempt to and rendered himself liable to pay damages, the Potts wight not, if he thought fit, without any chauer; that sie was wade through Merether in a transaction 50 shares at $102 fir and did not sell last year and it was commonly Jaeph and Fredericks. From the end of March oad of March. On 7th February 50 shares at reported he had between 1,500 and 2000 I swindle the publio-giving this bogus meme-drst person was bound in law to do all be pos: implication, hure fairly moseured bis purse and Back, or before he found himself at the Bank up to the 8th April when this action began there $164 end of March; same day 50 shares at heard he was purchasing from other brokers. but I don't consider there was any swindling in it; Isibly could to diminish those damages and ren bis oredit against Mr. Enstonjoe's by buying with Mr. Potts, to see the manager with a view der his claim upon the defaulter as email as pos up or obtaining on arodit all the shares himself of getting sa advance from him and that when wax one transection Joseph and Frederieks $106 end of April same day 23 at $107, end I do not know of my own knowlodge When I don't know what view you take of it.

I want to know what you think of it. We kible, and that he was absolutely forbidden by What he did say was that Mr. Potts, not be promised to bring some more shares to deposit sold for me se my brokers 100 shares on or boat of March. On the 8th February 28 abares, put through the transition I remoubor defand April 2nd at 178 for cash. Afterwards they cash $107, stal of March, on the 11th February ant saying ba could say the whole company want to be the sort of men who are giving law to do anything which would increase these contact with competing fairly by bis owr hand in the Fank he had the proposed agreement with told me that the buyer could not provide the late 25 sach $125 delivery end of Juno, Fe. And double as much. The defendant asked me evidence her to-day P-I don't call it swindling. dangos. Now what was the pastion of this and his own pace, and his own skill, and his Mr. Perry in his mind. They knew from Mr. You were helping him to swindle accord-Company-this Hongkong Rope baxufacturing own knowledge of the markets and "trasinse Potts, whose memory was noturtunately bad, in money promptly, and at their proposal extend bruary 12th 23 ropes $150, delivery 30th June, to see some of the directora shout rumoring the ad the time to April 6th. They sold by my Those are ait transactions in February. To the works to some other place and that then tho lng to your own account, word you sol-No; Company in respect to the plaintiff's claim to against Mr. Rustomjee's, combined with a non-a most indefinite way, that he had Lourd from recover $2000 darzages per share. The Company bar of other players at the same game, and be Shewan some time or other about the proposed authority, The purchaser was the defendant. 1 best of any recollection I received the 25 shares land could be sold and very handsome he wanted the memo.

Would that not have been a swindle on his was started some 4 or 5 years ago As they should ask is Lordship to consider that that agresment between large holders of shares not know all along who the purchaser was I did not on 2nd Marek from the seller, Mr. Nobl he profit could be made.

By bis Lordsaip-I did not understand from part-I don't know what you call it. It was a beard from Mr. Pette in his cross-examination, simple foot, that simple combination with others to sell before a certain date or under's partlvular instruct Joseph and Frederickstosoncealinynaire, Dext transaction is on the 11th June at 3170 for

vindle on his part in a coètaka way.

and as they must know perfectly well from there for the purpose of raising the price of shares inprico. Mr. Poita's memory unfortunately rea- Bramiration continged--I don't know whether.

And you were helping him in it I was oblig-ports and information which sa business men the market was in itself coast irsoy, and criminaldered it impossible for him to say when this con to disalose my namo. I received a sold note, five at $175for the same data. They were bought ofendant wished to buy all the aberns in the Fed to give him the mume, on account of the Chay had obtained, tlat. Company started with iconspiracy, and' énongh ia iteoll to cance this versation took place. but he thought the jury · would not have any dithealty in inferring that that is a memorandum, from. Menura, Joseph and on account of Mr. Ewens.

a expital of $150,000 and with land, werks, plant contract to be broken Fredericks. I think I have got it. I bad sorte Cross-examined by M. Francis-When we Company. I had Instructions from him on the money he was owing u

His Lordship Although it is after the date Mr. Potts did not go and offer $170 per share, You were going to swindle on ecunt of the &c, iela tething like $160,000 or $170.000.

the last quotation having been something liko shares or joint account with rimble. He put down in the share listNowinsl" I mean date of the trautation to buy without limit I

Mr. Francis said it mattered not whether the $125, without having some knowledge whichren- bought I think 100 shares on joint account with there is no absolate business taking place ned 1,000 bad been offered me. I should probably mousy ho owed you? He was not going to It only got fairly to work in May, 1885, At the of the contract k me. 3t might have boon 125 1 don't know approximates what I think the valus. The pur-bave referred to him before buying such a large windle; he was poly trying to maks Ropes chea and ef that year or rather some time in 1886,

par in the market.

the accounts publiked certainly show confodoracy was entered into before or after the dered him fairly certain that even by buying at when it was. It might have been before clases by Mr. Ewens were to carry out previous bumber. I cannot say now to what extent i

Here is document addressed to the defendanted a very satisfactory state of affaire. Some contract was made that contract was in either 8170 he would belikely to make a profit Taejury Jannary Thay ware for delivery on 31st Mareb, coutrpots for the 30th, Juno. The enlos werauid: hare gone. Daring the present your I bought later the same namber or joint so modo on the 11th February. One of these lots I have put thringh. Repe transactions for the and dated 26th Feb, which rands as folius 915,000 was claimed to have been made as net case rendered void. As early as the latter part would find on looking over Mfr. Shewan's evidenes sant with him, so we each held car own. I was said to us by Cohen and Georg: the other defendant I bought for kin on jut October Dear Sir, We hereby acknowledge having prole during the portion of the year. A ber of last year the clerks in the employ of Kussell again that he did not deny that when he went to bought later, when the shares were higher, so by air. B. Bhewan. The 26 shares at 6150 on last year, for delivery 31st January, 1889, 784 revived from you 203 shares in the Green Istsin portion was pat to depreciation fandand & Co-the names had been mentioned over and the Bank with Mr. Pets the application for an be received something from me, kat I do not the 12th were old by Mr. Tam Burs to Mr. bares at 871. The defendunt sold those sharest Cement Co. Lluited, as security against a dividend at the rate of 7 per ount, was declared over again-being in the possession from the ivanco ma joint ons between them. He miú our having Lant you 250 shares in the Houg- The Company was in debt of course to its nature of their employment in that firm of a so furs his renollection want it might have know what 1 had no treasations with Toras. R. Shownu I have no knowledge of any other again. On the 16th January he old 500 aberas

able to satisfy the jury : I had none with Alex. Daer. He cause to z tran-action between Mr. Showan and Mr. Vas 6964 for delivory 31st March; on the 15tt kong Eopean faoaring Co. Limited, and webankare and general seats and to madry credi. knowledge of what was going on in the Rope been a joint application: He (Mr. Franois) for financial assistance to take up some of them. Buren On the 8th April in our share liet January 4 shares at $02; on same date 100gree and promise that the above security will tore, and it had in the other hand a stock of Manufacturing Company, Mr. Pette availing thought he 'should This was in respect of about 15) sharen; I think "Ropes" are quoted $150 anminal. Highest shares at 892 cash; on the 18th January 150 only bontilised in the event of your not return. hemp and rope at ita disposal. It hac uot a cent bimself of the knowledge which came before tip these was a confederacy or combination and Duer had 175 shares. I assisted Door financial transtation $1024; lowest $190. I cannot tell shares at 392 Jelivery at January. On the ing us the and Ropes on 1st March 1887. of money in the bank or in its agents hands: Ho hisse an insurance dark. Mr. Showau and his that Afr. Potts was a member of it. He thought 1. He demited his shares with me. I had you from whom I got that information or who 13th February I bought 200 shares, 100 t-Yours faithfully, Bojan and Daab New did not say for a moment that the directors were brother, and Mr. Watson, from knowledge gained he bad por run over all the Inets in dispute. Lone of Grimble's absces deposited with me. I the partive nere. For any practical use or value 820) nd 100 at $185, on defendants behalf, sir, what do you mess by saying the shares not janded in dearing a dividend. They in the offco where the correspondence was ear. They admitted the contract and they admitted had no transactions with Mr. Watson. I here the quotation $150 al bas no meaning, which he was to return to our Ben Hooved were returnable on 12 Feb. 1 did not dy were perfastly at liberty in point of law to do ried on, and Mr. Downes and Mr. Duartho rofusal to fall it. They intended that at ware deliverable in 12th February, ec, although the money they paid the dividend from being in the book knoping office, ware the time this contract was entered into thes and aecessarily awate, ware gentlemen'or some of them-it hud tanned out heard that he had 25 or 50 shares. I bud For the week suding 30th March the quotation in three shares to our firm and was to have the bongli$ tholy shares at an enormors out of was borrowed monoy, and although the all Ave

You That is the information ratarned them ca the 3rd February, but as avaral joint transactions with the plaintiff, to $900 nominal."

On the 23rd March 200 nominal, he did not I bought these on his behalf for our expense to him on the 13th February, and what accounts for the following year showed that probably even before the general managers is ovidence that persona not named in their the extent perhaps of 50 or 100 share. I got. gave him, no dusncial assistance. Grimble 2210 Lighest: 3120 lowont." In that week there arm. These prices were the lowest I could get did you musia by writing this on the 26th ?That they had entirely over-timated the value of and directors themselves had replied it, that anawer were also vozcerned were members

I had a castract for 50 shures for delivery in April for Mr. Yockney, but I zaver got them

a

As it was sash transition if was not necessary end of June and on the same date twenty-him that be personally wanted to buy the fand

Now. Mr.