New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-11-30

in quarrel then and made my mind to buy inns
time4 A. He was not 10 sell II without my con
sent. Q. He was TO hold 1t unth you tod INN nm
10 sell I'll A. Yes. O. Did you not pay MN Tor TINS
acreement1 A. No Sir; not q cent; paid him more than
the price for the stock the stock was over 70 and
agreed pay hun so the ltigaons were not settled AT
that time O. How long was it before the litigations
were settedf A. think they were settled the I'd Of
July. @ Well when You bought the stock of course you
had nothing in your mind about the settlement of the
htigationsl No. Sir; did not know as there would
stock You agreed buy without any settlement Of the
litgatOnI A Certainly O. When you made TINS pnrcnaS
the cOmpany3 A. No. Sir; think not; made the pnr-
chase she last week in June O. In your negotiations
with Mr. Vanderbilt there was not one word said about
the settlement of the ltgationi A No. Sir. q Now,
will you be kind to tell us what you went there ioE
A. called on the Commodore two or three tntS IT e
always told that acted very foolish In gong 70 JET
sey City, that ought never to have eit my nome TO-
lLaughter.l @. Did you come over TO see MN 70
let him tell you thati A came over and called
on him. do not know as could tell you exactly W wfS
called upon him for: O. Did yoqshaye any taih mi1
himf A. He always told me that did wrong III gnnS
there do not know as remember what we
about. @ Did he ask you why you went therei a.
Everybody knew why went there haIg te causs
Did You have any WIN d aoGI pow ne tSa
did told him this that had gone there and that
way interest Of the country had arrayed themselves
on two sides, and 1 was on on, one 1 SIDE t ana
should remain nH there i'm jersey City O. You spoke
Of the ltgatonf A. do not know as spoke about u;
When bought the y s1pI pay yG0 The
Commodore agreed to carry for hind 80 days
s sRa then YSs s 70 kG s up ana @ How
you TO give him 10 per cent more than was bringing IN
The marketi A. The Of that was that should get
control of that road time other that was In my
mind when did it do not know as 1t was IN ms nhu
I fold him that | would give him that money Tor that
amount of stock @. Now Mr.. Drew, can you tell us
whether you had any motive for buying TINS Stock
Went there and / then made this proposition and he
acceded to it, @ Did you have any eonVeasa ,bt
perhaps could get control OF tnat road OF C0tro
g pa You say 10 nun Sn ot n vH soIt A. think said
that the road In very bad way, and perhaps wouu
get worse and had made 4p my 20 bnSs any
conversation about getting control OF the roau 10
more dnan nave az STu nat amount O. The question Is
whether in your conversation with MN the SUBJECT VI
your SetS Dot think Was do not know that it
was. 1 had my motive about it. q. DID you not say
thousand shares Of stocki A. do not think that
said anything more than l have sald. U nov
many interviews did you have with the Commodorei A.
But one about buying the stock O. Did you ever nave
any other interviews about getting cOntTO OF Tue Oau OF
about the litiGatOns Of the company A. No. SIR -,
Edridge got back in the Board ana ne came 10 NC anu
wanted to know if had that stock. told him had
Well he said do you care anything about having it,
told him had bought it and supposed was gong 10
it, He said II you can get out OF II lhonoaoS 1
the Commodore do you care anything about III tCld
him had given my word to the commodore ana nc
be satisfied. He then said lie would see the Com
modOre. | went down the next morning to the Commo
doris Office and there found Edrdge and Gould
in conversation with the Commodore heaIu
nothing said between them. Mr.. Eldridge after
a few minutes ont in the back room ana asked
HIM he la been talking with the COmnoaoIe AOut s
stock If he would release me- He said that ne would
He went back into the room and tHk nf Baaher Ss
called into the room 1hey were theh osetSI' anu y
came ont and said they had bought his STOCK never
knew what the contract that they made with the
Commodore until saw his testimony here never knew
that they paid him for a call All knew was tha there
was rnmor that they had bought the stock told MT
Edridge when he came 10 my mouse lhaI tno Cotn"V
dore could be satisfied aid not care about the STOCK
on his making that announcement 10 You yOu abandoned
connection with the transaction A. res OH. au
nothing further passed to exonerate you from
t t5s Commodore. O. What was Mr. Banker there
fort A. 1 do not know. Sir; The persons
they had gone away you the COmmodorei A. Yes,
sir o. What was your conversation about A. asked
the Commodore II Mr. Edrdge had spoken 10 him about
letting me of He said had and that he had sold the
stock TO them O. AT that time your connection with the
yonr office as treasurer of the company A.
Yes, Sir. 1 resigned the 10th OF July After
| | resigned all this other matter took place: q:
Your resignation had nothing TO do with the sale Of
Won who he had sold that stock Yes, he did. Ho
! told me had sold Gould and Eldudge. O. Was any
thing SAID the bonds OF the Hartford and Ere Road
A. No O. Had you anything TO do with the nego
tiatons for the sale OF those bondsi A. No Sir never
10th of Juyi A. Yes, sir @ Were you at the meeting
when two members resigned-Banker ana sheLt "a, "a,
That not the 10Th went to the meeting OF tne
Board TO hand in my resignation q AL that meeting Oh
the subject A. Not word, sT; merely went III aug
sent IN my resignation; offered II, they accepted
H. and / left the Board q. You say the settle
ment Of the litigation took place on the 2d OF July Had
you any part in that transact0nf A. knew holhlhg
AIN lo "A
the LIST OF July Mr. Edrdge sent note TO me lhat they
were going to make settlement Of these lltgations
at Mr. Perreponrs house When the settlement Was
Mr. Clark asked that the crosseIaminato9 Of MI
Drew be suspended untl 10 should be determined
whether the plaintiff had made out case. The Court
granted the request ,---,,
by Mr. Field O. Were you AZ any time elected director
of the Erie Railroad COmpanyi A. received notice
Of my election. O. When was thatf A. In the Summer
of 1919 o Previous 70 your receiving notice OF your cleo
ton did you have conversation with any person on
person: mentioned IL aferward 10 other parties q.
The rst that the thing mentioned TO you was II
elected director never attended q. You never took
your place the BoardI A. No. Sir q Previous to your
about the ltigationi A. No. Sir; none before q. We're
you at Mr. Yanderbts house when the complaint
think that was read / recOect calling in on sunday,
q. Can you remember anything you heard reads Wlil
ing to the affairs OF the Erie Company a. nave
no recollection, Sir heard something read.
you were elected director did you have any CONVERSE
ton with Mr. Vanderbilt abOnt III A. told him dld
not think would q. How came you to consult
him about serYingl A. Because all my ralroadlng has
been connected with him. and did not feel like serving
versatiOn you had with hint A. Yes, Sir
The cross.examination of Mr. Bancher was then sus-
pended in the same manner as that OF Mr.. Drew.
Counsel for defendant asked that the stock and other
books Of the Company relating to this stock be ordered
to DE brought into Court to-day. Mr. Field said this
the proper TO obtain them The Court held that
the request was properly made and granted the order
Rapalo, Horace +. Clark. Noah Davis WIN. A. Beach,
and JohnE Burrell for defendant.
THE ALBANY AND sUsQUEHANNA RAILROAD
CASE.
ROCHESTER, N. Y, Nov. 29.-The action
commenced by the Attorney in the of the
people against the Albany and Susquehanna Railroad
Company and Joseph H. Ramsey, James Fisk, jr., Jay
Could and AZ other persons defendants for the pur
pose OF determining who legally elected the Direct
Of said Company August last, was to-day moved
trial hQfo no N.
adjourned Circuit Court In this city The people were
represented by Attorney General Champlain and his
Hammond The interest of The nInerOns