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he (Hoyt) had received some favors. I got the impression from this conversation that Hoyt had the protection of both parties in his operations near the border.

I told Hoyt that I wished him to go to Providence and tell my partners in this enterprise (Messrs. Sprague, Knight, and Tatt) what he had told me, in order that they might learn from him, as I had, why he had not paid for our goods.

Hoyt went to Providence and told his story to Mr. Taft, Knight, myself, and Mr. Frieze, Sprague's agent. He told us there substantially that he had told me iu New York. He said fifty bales of cotton, which he had intended to send to us, had been seized (or stolen, as he expressed it) by the bark Anderson. That he had thirty-six bales in Tampico and about one hundred bales at some place above Matamoras, which he should send us to pay for our goods as soon as he could.

The impression which we all got froin this conversation was that perhaps after all Hoyt was not a dishonest man, but the prospect of getting our pay for the goods which he had appropriated to himself was rather remote. Soon after this we sent another agent (T. W. Whitford) to Matamoras with orders to sell the goods left by Brastow in the hands of Labatt & Joseph and remit us the proceeds promptly in cotton. After being absent several mouths he returned and informed us that Labatt bad run away into Texas, taken our goods with him, aud that we should never get anything from these-goods.

Some time in March last, I think, my clerk in New York wrote me that Hoyt was again in the city making arrangements to return to Mata

I determined to see him and make a vigorous effort to induce him, if possible, to settle the amount which he owed us, and also to see if he would not try to collect the amount due from Labatt & Joseph

I told him that my partners had blamed me for the result of the adventure, and tbat I blamed myself for the careless manner in which the business had been conducted. He assured me that on his return to Matamoras he would send us some cotton for the amouut which he owed us and that he would do what he could toward helping us collect from Labatt & Joseph, and seemed very friendly generally and anxious to

I remained in New York about a week, and Hoyt and his clerk, Mr. Morris, (whom I had never seen before this time,) called in at my office every day. Just before I left to go hoine Hoyt said to me, “The brig Carraccas is advertised for Matamoras, and some of my friends are shipping goods by her to me; now if you feel like shipping a small invoice by her I can sell the goods for you in Matamoras and have the proceeds back here in sixty days, in cotton." I replied to him at first that I had had such infernal luck in Matamoras that I did not feel like trying it again. He then said, “You know your own business best, but I have no doubt that a small invoice of well-selected goods would pay very handsomely. Morris is going out in the brig. I am going via Havana, by steamer, and shall probably be in Matamoras before the brig arrives, and could probably sell, to arrive, anything which you Inight ship.” Thinking that I might, perhaps, make enough ou a small shipment to help out my portion of the loss on the old business, and feeling desirous that Hoyt should be under obligation to ine until the old matter was settled, I said to Mr. Suydam, who was then and now in my employment as a clerk, “ If you will attend to the purchase and shipment of these goods I will send out an adventure of $10,000 to $15,000. I will pay for the goods; Morris, Hoyt, and you shall each have a quarter of the profits, if any, for doing the brisiness.” Under this general authority Suydam bought and shipped to Harris

8. Ex. 10, pt. 3- 3

serve us.

Hoyt, Matamoras, per Carraccas, as near as I can now remember, some flour, corn, lard, butter, sugar, candles, and an India-rubber boat, all of which were regularly cleared at the custom-house, and sailed for Matamoras.

On the voyage out the vessel got into some trouble, and had to put into some port in distress. The cargo was reshipped in another vessel, in a damaged condition, to Matamoras, where my goods were all landed, and, as I understand, all sold, except the boat, which the United States Government took for its use, and for which I hold the receipt of the officers of our Government. I also gave Hoyt $5,000 in currency to buy cotton in Matamoras for me, he having told me that there was an occasional opportunity for buying small lots, for our currency, on very reasonable terms.

The amount of the adventure by the Carraccas, including the money, amounted to nearly $20,000, as I now remember. A detailed statement will appear from my books and papers.

Nine months have elapsed since this shipment was made, and the only result is about $1,800 collected of the insurance company for damage on the goods on the voyage out. I think this shipment was made in March, 1864. Some time in June, 1864, Mr. Snydam, my clerk in New York, received a letter from Hoyt inclosing a bill of lading for a small parcel of wool consigned to me, which he ordered Suydam to sell and hold the proceeds subject to bis order. The wool was sold, amounting to about $2,500, and, at my request, the proceeds were sent by Suydam to our house (Reynolds & Co.) in Providence.

Some time in July last Hoyt arrived in New York, when he was asked where the cotton was which he was to ship me as the proceeds of the adventure of the Carraccas. He stated that he had bought in Matamoras, to arrive, about 160 bales of cotton, which was expected in about the time he left; that between 10 and 50 bales of this lot belonged to ine as the result of the proceeds of my Carraccas adventure, and the balance of the lot to himself; that he had left instructions with Morris, his clerk, as soon as the cotton arrived, to ship the whole lot to me at New York; that on its arrival I could do what I pleased with my portion of it, and sell the balance of the lot for his account. Soon after this Hoyt lett New York and went to Chicago, where, I understand, bis family reside. While there lie wrote Suydam, requesting him to remit him at Chicago the money received for sales of wool; to which Suydam replied that lie had paid the money over to Reynolds & Co., they claiming that it had been bought with the proceeds of their goods.

Hoyt then wrote me from Chicago, requesting me to send him the money, assuring me that I had no interest whatever in it; that the money with which he bought the wool was given him by a friend to remit, and he had sent it forward in this way; also saying it would incommode hin seriously it he did not receive it.

I consulted with my partner, Mr. Taylor; we both thought we had a right to this money, but feeling that we had a large amount of property in his hands, I concluded that it would be wiser policy to do so, and I sent him my check on the Fourth National · Bank, New York, for the amount. This was in October I think. The memorandum from the books of Reynolds & Co., hereto annexed, and marked No. 3, is the only entry that appears in our books, so far as I know or believe, connected with this matter. We had no interest in the shipment or knowledge of it, except as herein stated. Several weeks after this Suydam wrote me at Providence: “Morris has arrived in New York, but has no bill of lading for any cotton."

I came to New York; saw Morris, and he repeated substantially what Hoyt had tolil me; saying Hoyt had really bought 160 bales cotton, a part of which was mine, and the balance which he proposed to send me to sell for his account; that he, Morris, hal been waiting for the cotton to arrive all this time; that just previous to his leaving Matamoras a small portion of it had arrived. When I asked him why he did not remain in Matamoras until the cotton was shipped, he replied that he had received positive orders from lloyt to come to New York at once and settle his insurance by the Carraceas, upon which vessel he had some goods damaged. He stated that there was no doubt at all about getting my cotton; that he had left orders in regard to shipping, &c., with a good house in Matamoras, and that my portion of the cotton would probably come on by the brig Sybil, which was loading at the mouth of the river when he left. A few days after this the Sybil arrived, but there was no cotton in her for me. Morris said, in explanation, that probably his agent preferred to ship it all together, on one vessel, and that it would come along very soon.

The result is that up to this moment-about ten months since my shipment was made by Carraccas-I have no evidence that there is a bale of cotton or a dollar in money coming to me to pay for my goods. I have given a detailed account of my Carraccas adventure to show exactly what my relations and connections were with Hoyt after he was dropped by the parties who originally took him up. I have no know. ledge of any irregularities whatever connected with this business, and feel confident that, so far as I am concerned, there were none.

I hare thus given all the facts that I now remember connected in any way, however remotely, with my transactions with Mr. Hoyt, from the time of his first introduction to me through Governor Sprague. If any material fact bas been omitted, it has not been so omitted intentionally; though, as before stated, I have been compelled to prepare this statement almost wholly from memory, and without any assistance from my books or papers, or from the clerks and agents who acted for us in New York and at Matamoras and New Orleans.

It may not be improper to state that notwithstanding the apparent magnitude of these operations with Mr. Hoyt, they were, after all, treated by myself and associates as merely incidental to our regular business, and the purchases of vessels and goods were made in New York by subordinates, under general instructions from us, but under the personal supervision of Messrs. Prescott and Hoyt, our chief duty being to supply the necessary money, in accordance with our agreement.

I understand that in many cases purchases were made for the first, and probably for all the vessels, in the name of Mr. Prescott or in that of Mr. Hoyt, and on their orders the bills were paid, and to this time neither myself nor my associates have seen these vouchers.

If, as has been alleged, any improper purchases were made-though I have no knowledge of any such--they were made without onr knowleilge or consent, and in violation of my general instructions, which were to buy and ship such goods only as, under the regulations there enforced, could be cleared at the New York custom-house.

Before the Snow Drift cleared from New York one of my clerks informed me that a small lot of muskets or fowling pieces had been purchased by Mr. Hoyt, and that he thought the custom-honse would not clear them. I gave orders at once to have them taken off, and a part were at once removed, and I think six only taken, which were allowed for the defense of the vessel. In conclusion, I can simply say that this business was entered into in good faith by myself and associates, with no wish or expectation of doing anything that was not legitimate and in every respect proper.

If it be alleged that we trusted Mr. Hoyt further than was prudent, it will also be seen that he came to us indorsed by the highest official authority in Washington as a Union man, and his statements to us here and in Washington confirmed the recommendations thus given.

While it has no immediate bearing upon the point now at issue, I may be pardoned for referring to the fact that for four years I hare been well known as an earnest and, I believe, useful supporter of my Government.

I joined the Army on the breaking out of this rebellion, remained in the service actively for eighteen months, that I had the honor to be one of the last on the field at the first battle of Bull Run, and was finally discharged with honor.

If a man's record can ever be appealed to, I feel that I have a right to refer to my own as evidence that I could not willingly engage in a transaction contrary to the wishes of my Government, much less could I do that which tended to aid and comfort those whom I have so act. ivels opposed in the field.

Contident that I have in no manner infringed any known law or regulation of my Government, and that this must be apparent from the foregoing statement, which will be substantiated in every particular by my books and papers, now in the possession of the Government, I respectfully ask that such of my papers as are of no use to the Gór. ernment in the pending prosecution be returned to me, and that if the facts I have herein stated are not disproved, I may be honorably discharged from further attendance. I have the honor to be, sir, your obedient servant,

WM. H. REY Major General JOHN A. Dix, U. S. A.,

Commanding Department of the East, &c.


No. 1.Referred to in statement. Whereas Harris Hort has made certain representations as regards his position in Texas, and comections with parties there, we, William II. Reynolds, B. Sprague, and

, do hereby agree to furnish a sum of money, not to exceed fifty thousand dollars, for the following purpose, to wit: For the purchase of a vessel of suchi imensions as he, said Hoyt, or his agent, Charles L. Prescott, shall think proper for trading with some port in the State of Texas or Mexico, said vessel to be purchased at once, and fitted out with such materials of trade as is considered by said Prescott and Hoyt proper and suitable for said market, (none of which articles are to be contraband of war,) and the balance in money, to the amount above stated, on the following conditions: The said Reynolds, Sprague, and

are to furnish a man to take charge of the said moneys, and act as their agent in the disbursement of the same in such place or places as said Prescott and Hoyt may think proper. It is understood that in making up the profits of said voyage, interest is to be allowed on all capital engaged in said enterprise, either in goods or cash, all expenses, of whatever nature, to be added thereto, and then equally divided as follows: One-halt to said parties furnishing the money, and the other half to said Prescott and Hoyt, meaning that they, Prescott and Hoyt, put their services in managing the enterprise as an equivalent to capital furnished by the other party.

And it is further agreed that, in case a suitable steamship can be procured, then it shall be done, and the understanding is the same as above, and one is to be auxiliary to the other; and both shall proceed to such place or places as shall be most proper for carrying out the disposition of the articles carried, and loading with cotton for the port of New York, or other port best calculated to carry out the intention of this agreement. No. 2.-Referred to in statement.

NEW YORK, February 7, 1863. DEAR SIR: The steamship Ella Warley being about to leave this port for New Orleans, and as you are to go on her to represent the owners, I desire to make some suggestions which, I trust, you will heed, and act upon under all circumstances.

h the first place we desire you to observe the most rigid economy (compatible with our interest) in all the necessary disbursements of the ship. No unnecessary or supernumerary officers or men should be employed, and all requisitions for articles that may be required for the slip's use should be made in writing by the chief officer of the department in which such articles or supplies are needed, and said requisition approved by the captain before the purchase of such articles is made.

You are expected to attend to the collection and disbursement of all money's on the ship's account; and no other person is authorized to make any purchases or contracts, or to collect any amounts due the ship for freights, passages, or for any other service.

You will keep a correct and detailed account of all receipts of every name and nature. Also the same of all disbursements for running expenses and other expenses which may become necessary from time to time.

These accounts to be kept in such a manner that the owners may be able to know at a glance, at any time, exactly the amounts of money received and paid out by you up to that period.

It is the expectation of the owners that the Ella Warley will remain for some time in New Orleans or its vicinity, if she can be profitably employed, either by a charter to the Government or for owners' account.

If money should be required at any time for the purchase of coal or any other requirements of the ship, you are hereby authorized to draw at sight on Reynolds & Co., Providence, Rhode Island, for such amounts as may be necessary for said purposes. If, on the other hand, moneys received by you from freights, passage money, charters, or any other service rendered by the ship, should amount to more than you would require for reasonable disbursements, you will remit such surplus funds to Reynolds & Co., Providence, Rhode Island, for account of the owners, by the safest and most favorable opportunity.

It is expected that you will communicate whenever an opportunity offers, giving all information and making such suggestions as in your judgment may be for the owners' interest. The schooner Citizen and her cargo (now at New Orleans) belong to the same parties who are owners of the Ella Warley, and said schooner Citizen, together with her cargo, is hereby placed in your charge as representative of the owners aforesaid.

The suggestions I have made in this letter relative to management of the affairs of the steamer Ella Warley will apply as well to schooner Citizen, &c.

If it should be found advisable, after your arrival in New Orleans, to discharge and store the cargo of schooner Citizen and make other use of the vessel, you are authorized to do so; or the cargo can remain on

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