The New York herald., 1869-12-17
'sUlts AND BEAR" BARRlsTERs.
A Bully Method Of Barring Their
Operations.
Bliss Grams Bangs and His ssFriend
'Awkms''-A Civily Engineered Sup
fort-Gld King Coal In Qaes.
tl0n-The Lloyd Registered
at Low Rate.

The second days proceedings in this interesting
case were opened at eleven O'Clock this morning,
IN The superior court, Part /, before Judge Mcneil
and jury. The publicity given to the proceedings
of yesterday seemed TO have operated to such
tent on a certain class OF the community that the
court room was deusey crowded for some time
before tue combat was renewed. Mr.. Bangs the
leadlDg counsel for Colonel Hawkins, was early
In court, studying over various curious looking OLD
papers and DOCKS which, no doubt, had bearing on
"the rise and fan, not OF the Roman Empire, but OF
stocSs in Wall street." Mr. Cram counsel for Mr..
Bliss, was the other side OF the table .crammngn
ms head with the necessary ammunition TO meet
the .bangs'' OF lis opponent Mr.. Bliss. the defend
ant a state OF .bssftil" repose III rear OF his
counsel.
TIE FIGHT REorrNEp.
Mr.. BaEgs called and examined Henry s. Camb!os,
as follows:-My business IS stock broker. and my
flrm Is Dibble y Cambios know MI Hawkins; Mr..
Bliss have a knowledge OF by sight; III Aprl, 1876
as iar NJ can recoect Mr. Bliss came in the 0nlce
with letter from Colonel Hawkins; l said would
not execute the order 1t was then written; en-
pressed myself IN this way. that ~ did not Know
what In the devil Hawkins wanted with such ID
worthless stock' the order then taken away ana
brought back with "Wyomingr nterlned; have not
eeen the order since; after The order corrected
sent 1t TO my partner at the board and he bought the
stock; either the next day or three DAYS after we
pa s52 500 for 900 shares of Wyoming Valley Coal
for account OF Colonel Hawkins; it was S52 60 per
share.
The examination OF the witness was here suspended
In order to examine
Mr.. William II. Anthem, who testified that he Is
lawyer; in March and April, 1864, acted for Mr..
Leonard w. Jerome against Isaac $. Lloyd In suit
sgainst the Wyoming Valley Coal Company; the suit
and was instructed TO discontinue witness pro.
duced the contract and complaint on which that suit
part OF April: either at that tune or previous ala
not know anything OF Mr. Bliss connection with the
wyoming Valley Coal and Railroad Company or with
Cross-examned by Mr.. Cram-At the time Mr. Je.
rome was banker and dealer and broker in stocks:
he had been Ia large operations before this at that
time his influence on the market was great: his firm
was Jerome II Richardson; 60 not think there was
q second written contract IN that case; knew there
was an oral arrangement which was substantially
the same as that contained In the first contrac5;
Jerome had the option to take very large amount
OF that stock at certain prices ana tmes was al.
reced to withdraw this suit against Lloyd for
.sooooo after that bought 100 shares Of the stock
myself; paid something over par for It,
Gedrecf-Cann say whether the stock bought
was part of the stock mentioned in the con-
engaged In this matter every one wanted
to buy; Lloyd then refused to furnish
market and bAg in the settlement Of the suit did
not come with Bliss; in the oral arrange.
Ing as understood, as attorney for Mr.. LLOYD ana
the wyoming Valley and susquehanna Railroad
Company.
Re-cross-e -examined-Mr. Eiiss never told me he
was counsel for them
Mr. CaJnblos' direct examination resumed-we
held that stock for 4me until 1t declined, and we
instructed by colonel Hawkins to sell 1t; 800
was sold November % 1S6l at 81 4 per cent; that's
and 100 at J5l; the total proceeds Of the sale
s26 900; the entire loss in March, 1855 S 7s 6;
IO5 was the highest that stock ever sold for know
yhss by the published account ofthe stock Exchange.
Recross-Stocks. generally, went down In 1885,
to my ollce since; am not entirely sure that the
person WHO brought 1t TO my ONCE was Mr.. Bliss;
neseeona; had bought other stocks the proceed
rug fail for Colonel Hawkins; bought some OF Harlem
and the Mississippi and MISSOURI kallroad; do not
anything like milton; he sold some stocks that we
did not buy for hini.
Bangs--i am civil engineer; in 1858 became
acquainted with the property OF the wyoming Coal
Company; / knew Mr.. Bliss; examined the pro-
perty as engineer at the request of Messrs VAIN
right aud Seton, bankers ana stock brokers OF
estate in the city OF scranton; the mine reported
as being in my opinion an excellent coal mine
readily worked; Mr. Bliss was employed at the same
time by the sane parties to examine into the affairs
Of the company not particularly connected With It's
working; the result OF this examination was not sat-
islactory TO Wainwright and Seton; became
acquainted with Mr.. Bliss' report through VAIN
wright and Seton; was requested to become presi-
attorney Tor the company and one OF its directors
subseoientiy: he became director ON the resigna-
ton Of Mr. gss that Is io o 6s yeas ago. oo o hos e
compauy's property 1t Is IN the FORM OF poaos heu
by Mir. Beckett 1t is several hundred Thousand doi-
lara was president OF the company untll tne latter
part OF 1861.
O. What was the financial condition of the CON-
pany on the 18th of April, 1864? A. The company
labored under material disadvantages ana the coal
was sold at very small profit TO the Delaware ana
o eo 10 mae es9a DC scr
cured it wou'd be Impossible Tor the company 10 90
any business tnat would pay dividend; my enorts @
u ere directed TO secure sucfl advantages ana tney
were not secured until the mldde oil the year ls64
docks were then purchased at EzaDetn; MI Bllss
mo inc comnany: nc had the same means that had;
the stock or the company at this time was hot o
dividend paving stock; we succeeded IN paying the
inierest on ihe bonds and the expenses; Isaac 5.
Lloyd was the principal owner Oh tne original
siocs a. nS heard saM tea Converse ogether
.ih.v a general conversation about tie ahalfs o.
the company; Lloyd was Tic principal owner nc Oh LINE ane
stock know 81 n,ss the d written " % with tSat
contract; II was the coal contract Mr. Bliss Noew
about; Mr.. Bliss visited Mr.. Jerome about ~; H.
interest In getting Jerome TO carry out the arrange
ment alluded GO was 10 get rid OF Lloyd, who was q
BAD character so that could manage the affairs my.
Self could not recommend my friend, Mr.. VAIN
wright to take the responsibility Of buying any OF
this stocN; The Delaware and Lackawanna
Ip'ty wnoe tranlc they hold ali the railroad acilties
and they purchase az whatever price they choose
our company, therefore, wanted to have direct
Iine OF communication for their coal with the New
York market they had a contract with the Dela-
ware and Lackawanna Company To carry tlreir coal,
which had about seven years 10 run. and the value
of the stock depended entirely on my securing the
advantages we required; the company had no capi-
tai then but what 1t received from the sales or
coal: think IL had about 100000 worth of its own
stock for sale; that was sold and cars bought with
1t TO bring the coal TO market; at THIS time, as u
dividend paving stock IL was not a good invest
inent; refused 60 recommend 1t to any person;tt 1t
was not good Investment.
Tn9 witness oross-exanination dld mol develop
nny new material iacts.
Edward d. Dbblc partner OF Mr.. CamDlos, was
naxf examined, and proved the purchase and sale
ri the stock In controversy
VI M M Cram moved to dismiss on the ground that no
case OF fraud had been made ont. -, -.
opened for the defence. ,.,.uos. co,uoo n,,,,
Mr. cram called as his first witness George hiss