Reports of Cases Decided in the Supreme Court of the State of Utah Volume 19

Reports of Cases Decided in the Supreme Court of the State of Utah Volume 19

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1900 edition. Excerpt: ... & Co. transaction, but did not know whether the debt was for loans or overdrafts. He knew what his duties were as a member of the executive committee. The witness said: "The executive committee met every two or three months. I have explained that the loaning was principally entrusted to Robison and Brough. Frequently, when I was in the bank, Robison would ask me what I thought about certain loans. I don't know whether I was an officer of the Junction City Driving Park or not. I was a director, I believe. The Eccles Lumber Company is a corporation. I am a member of that. We attached the Driving Park. I don't know when the loan was made to the Driving Park, or whether they had any personal property at the time or not. We did n't examine the books of the bank very often; we generally looked at the notes and counted the money on hand and looked at the cash book as to the amount they should have. We did not audit the books as a rule; we never examined them." The witness was on Helfrich's bond, but did not know that he had overdrawn, and said they gave the privilege to overdraw accounts to no one. Matters of loans were generally left with the manager and cashier. Defendant Murphy became director in 1891, and, as a witness, said: "I know most of the loans complained of in this case. I had nothing to do with them at the time of the making of the loans. I knewnqthing about them at the time. I only know what I have heard since about the condition of the Cache Valley Land and Canal Company transaction, and the loan made to the Cache Valley Land and Canal Company. I didn't pass on the loan at the time it was made or at the time of the renewal." Defendant Knhn assumed the duties of director in January, 1891. As a witness, he, ...
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Product details

  • Paperback | 194 pages
  • 189 x 246 x 10mm | 354g
  • United States
  • English
  • black & white illustrations
  • 1236796837
  • 9781236796837