Show BA BANKS BANK'S KS K'S ENTRIES RIES OF ITEMS STATED ODD J. J W. W Edmunds certified accountant and a member of or the state board of oC examiners under Gl Governor Cutler testified testified tes tes- for the state yesterday In In the trial of John Pingree charged chane With receiving deposits in the Merchants Merchants' bank b which he knew to be bo insolvent Mr lr Edmunds o mund stated that the method of entering as assets tho ho a assessments on stock hel held by the Merchants Merchants' bank bankas as securities was an unique method o of keeping books lIe He said that the usual usuRI practice as he knew it was waR to enter such Items as is expense instead of oC cred cred- its Counsel for the defendant contended that in the specific instance of or tho time South Fork Foric Trout company compan which was under discussion at the time J I made the aforementioned statement the bank ha had credited the assessments paid t on tho the stock because the they were ere paid the alleged eel sum to relea release o a morta mortgage mort snort gage a e on the tho property of tho the company compan and that In effect the stock was made more valuable b by this payment A part of oC yesterdays yesterday's session was vas taken up with tho the redirect examination examination examina examina- tion Lion of Stephen II 11 Lynch receiver of the hank bunk who has been hoen on the stand for tor the time greater part of ot the week |