New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-07-03

Il
There was rather activity in the market but no
change in prices The sales OF the week nave pson o
pieces 56x6o c light Weight 1000 do SSSeO IsS 90
SIc 900 d. 64x64, &C., hrstcass Total $1,000 pieces
The Tradesmen's Fire Insurance Company have de-
clared senli-annual dividend of six per cent free OF
Government tax, payable on the 10th inst
Earnings of the Detroit and Milwaukee Railroad
for the week ending June q:
1867 ....... sss,sn 1866 --....saoS7S Inc-..s2e~
The earnings of the Michigan Southern Road fof
the fourth week of June were:
1866 s123 22l 1867 .sS 1852 Dec. ..---..Asn
The exports Exclusive Of specie from the port Of
New-York to foreign ports for the week ending July
2, were s3,54lS9S.
The business of the Sub-Treasury to-day was:
Receipts for Customs. $SS9.OOO; Receipts for Cold
Notes. 1000; Total Receipts, $l,S45o56 %; Total
Payments $3,4O5,3l5 90; Balance. slS0,24s165 V
THE MERCHANTS UNION EXPRESS CASE.
LETTER FROM g. p NEUTRALITY-SUSPICIOUS. or cHARLn
p. THArER.
To the Editor Of Trfbsn>
Jolly 2, 1867
SIR: Tn my complaint in the case of Waterbury agt
Fillmore p Ross John A. Green, jr. H. W. SlocuIn, ana
Others Directors the Merchants Union Express Com
many charged these gentlemen with reckless extrsVa-
I'm CARRYING on the business and dposing OF tho
funds OF this Company They evidently seemed disposed
TO Justify my charge by publishing in the newspapers a.
an expense thousands Of dollars their extended an
swer.
Since this publication cost much 1t is highly import
ant that stockholders should know whether it true
one allegation Of the rs made by Gen. slocum
upon his responsibility and should do mnjustcs
In attempting to cOnsrue his language. append that
part Of the answer that the reader may compare
with the testimony given below, and judge whether the
MANAGEMENT Of affairs safe in such hands. APP
pend also formal examination Of Mr. C. p Thayer.
taken yesterday before Mr. d. p Ingraham jr referee
appointed by the Court the evidence OF Mr.. Thayer
being fully confirmed by two other gentlemen who wero
present at the interview referred TO- This the begin
ming Of the investigation which my counsel, James I.
Brady esq., has instituted for tho purpose 81 founding
upon the dispositions thus obtained motion for an In
junction and receivershp Of the property OF this insov
ent Company From time to time, the other alless
tons OF the 10 be inquired into shall give
my Observation-Disclosures the benefit of knowing what tho
truth is ascertained to be.
At the hearing OF the motion before his Honor Judge
Barnard to-day. the motion being TO compel John 81.
Knapp Emore p Ross, William II. Seward jr. William
c. Beardsley Theodore NJ. Pomeroy H. W. slocum, Gin
ton f. BaSn bSt ~ aarrcS d 10 and tesv an %
junction was produced, issued by Justice Morgan OF syria
ce do BDt donbt thar the obtaining this Injunction wa
good Judgment OH the part of the defendants Tor e
only by sleueng and my counsel In court that tney
| can escape merited exposure
To this instance their project did not succeed as am
informed for Judge Barnard Immediately vacated the
injunction, evidently thinking that the Judges OF thn
|
suits progressing in their own courts
when refer to necessity for bringing defendants 30
OF the Court IL must not be supposed tDat
they fatty refuse testify They express themseive.
quite willing 10 make aidavlts as 10 any points provlded
we let their lawyers draw them better way 20 eyads
telling the truth could not be devised but the Court has
decided that their course IN the matter Is 70
before Judge referee where they can he openly In,
terrogaed and the truth ascertaned This course VIII
be pursued unless they again seek the aid of inunc
ton 10 shield them while they all the time pOerfucaly
| truth S. p. WATERBURY,.
EXTRACT FROM THE ANSWER THE DEFESDASrs.
And these defendants further answering deny the said
defendant Socum upon his own KNOWLEDGE ana the other
defendants upon information and oeneI rnat Tue a DO
PENDANT socun in anticipation Oh any propOston oes
accepted and contaminated ordered to be purchased for
him IN the market OF the City OF New York 2ooo shares OF
Der shares of said stock with expectation ~ Its being
when said oer was rejected said slocum ordered so
of the stock had been purchased 70 be sold And the
any knowledge of the tendency Of any proposal from tho
said Executive Commee or any member thereof OF sns
he has purchased at any time any stock OF the three
summation OF any arrangement between the said Mer
chants Union Express Company and the said otner tares
companies
Stephen P w,tersuISy r., ast E~s ,o, p Ross; ct al
graham Referee, and examined by Mr. Brady on be-
half of tie plaintiff.
A. lam General Agent for the United States Express
D. g. And have been for how longi
A. For number OF years
| y. -. haNc you any Otner OcCupdtlonf
20. DO you know the last witness-Mr. BOOkstaveri
| s. Q. For how long have you known himi
| A. For about Two years.
| 8. q. Do yon also know Mr.. Nathan Thayeri
:. @. Do you know the Arm of BOOkstayer, Thayer 3
slossoni
| A. Yes. sir.
3. @ Have you been subpenaed, as witness, TO give
deposition in the Supreme Court OF stephen
L. Waterbury VS.. Elmore p. Ross and others
O. O. When did You first know of the organization Of
the Merchants Union Express Companyf
A. They commenced their business some time last FAM
do not know the exact month; knew the Company
10 O. Did You know Of the attending its
organization, and primary distribution OF s'ockf
H. O. Do YOU know either of these defendantsl
a. o. What do You know q any arrangement of which
he was party in regard TO the purchase Of some stock
OF the Old express companiest state IL In DETAIL you
p A. On the Gath day of last May Henry W slocum, d.
Bookstaver and Nathan Thayer, called at my house In
Brooklyn, and general conversation had concern
ing the Merchants Union Express and the old express
companies Various matters discussed regarding
the prospects of the Of the Merchants Union Ex
press and Il was agreed by ali present that the chances
were that It would not succeed. General Slocum
very anxious to make some arrangement whereby he
could make some money He admitted a. the time thai
words used. We there two three hours.
Snt that was e drift Of It. Nothing definite Was done a
that time but we concluded tomeet again The General
said we all understand this matter and what want"
/ offered 10 buy some stock for the General.
Is. q. Stock OF the old c0mpaniesi
A. Yes SIR; If he thought 1t was advisable to do So
willing TO make any arrangement with him whereby
he cond make money. and We could make money He
again within day two which he did on the following
IA @ In that first conversation did he say anything
about this additional call on the stockholdersf
A think that he did am not certain but TIM
at thar time that they would make call-they were
talking Of making 81 he said they had got to make
discussed and what effect the call would have upon ne