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Hazard versus Thomas C. Durant depositons, numbers 1-15, 1859-1880
Page 13
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Ans No 77 I think not. Int No 78 In the settlement of T C Durant's stock account in the Credit Mobilier was any allowance made on shares transferred to him on account of payments alleged to have been made into the Credit Mobilier in its early organization? Ans No 78 No, sir; for such shares as he purchased he received the benefits of the previous payments. Int No 79 How much? Ans No 79 I could not tell that without the books Int No 80 Was it five per cent? Ans No 80 Yes, sir; five per cent was the amount paid in at the time he purchased the stock. Int No 81 Was that the amount he was allowed? Ans No 81 I do not put it in that way; If a man buys stock and five per cent is paid on it he gets so much stock, on which so much money was paid. Int No 82 And his stock was treated as such? Ans No 82 In all settlements it was five per cent paid when he bought it, and it was treated in that way Int No 83 That is, the stock was made full paid stock by the payment of 85 per cent instead of 100 per cent?
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Ans No 77 I think not. Int No 78 In the settlement of T C Durant's stock account in the Credit Mobilier was any allowance made on shares transferred to him on account of payments alleged to have been made into the Credit Mobilier in its early organization? Ans No 78 No, sir; for such shares as he purchased he received the benefits of the previous payments. Int No 79 How much? Ans No 79 I could not tell that without the books Int No 80 Was it five per cent? Ans No 80 Yes, sir; five per cent was the amount paid in at the time he purchased the stock. Int No 81 Was that the amount he was allowed? Ans No 81 I do not put it in that way; If a man buys stock and five per cent is paid on it he gets so much stock, on which so much money was paid. Int No 82 And his stock was treated as such? Ans No 82 In all settlements it was five per cent paid when he bought it, and it was treated in that way Int No 83 That is, the stock was made full paid stock by the payment of 85 per cent instead of 100 per cent?
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