The New York herald., 1869-11-30

NEW YOK
Erie Company A. No. sir, not In July; had no ne.
gotiat,on with tho Commodore. lsnnk' IN July a. AL
about stock.
Q. You did not buy Of him $1,000 shares OF Erie
stookf A. Yes; but ibid not buy II In July.
Q. When then, did you buy tf 4. think In the
o. STATE the transactionf A. Well, sir, told him
would BUY $4,000 shares OF his stock II no would
consent to hold the other stock be mad and under
stood him TO say no would, ana bought the STOCK
on that condltl0n
Q. Did not you nx upon any prioes 4. Yes the
P1Ss was sg1eea 20 pay a '0'
q. on what conditionss A. Well. that he was to
hold his other stock. r@4
Q. Hold It for whats A. That was q matter be-
tween him and me. daughter In court
T. About what was the contract between your
e q WAS a. h ns "a wss 70 noa MS
$4,000, 600, have just stated.
hold IL; tnat was the understanding. -,
=. For whom and for how longi A. That was
mas'er between himself ana me. loud laughterl
@ Do you mean you agreed IN that ways A. Yes.
q. You said, "You and l. Commodore. will hold
tnIs stock as long - you snd agree" A. Yes.
Q. You did not pay him anything for that. did
youi YOU, A. a. No but paid him good price for his
9. Did you pay Or agree to pay him anything for
his other stock A. None at all
Q. Are you sure OF thats A. Oh. YES.
q How much other stock was he TO holdf A. Fifty
Q. For how long timer A. don't know that
there was any exact time stated; will tell you the
whole transaction II you wish II.
q. Wsll yes; that Is what we want Go on ana
state 1t. A. Mr.. Eldridge had been suspended from
up my mind to 60 aud buy uD the Oommodores
stock and perhaps some timeor other to get control
OF the Erle Railroad and gel those people out OF II
that were In It; that was why went and bought
that Stock they were IN q quarrel then and made
up my mind to buy thus stock while he would mold
O. You then. got from him an agreement TO hold
this other 5o0o0s A. got his word.
q. That was to hold 1t for no definite timer A. He
was not 20 sell it. as l understood, unless with my
Q. Did not you pay him something for giving you
Q. Did not you agree to give him something,
A. Not before paid him over the market price for
Q. How much over the market price did you pay,
A. think the stock az that time was between 10 and
80; 1t was over 70.
Q. At that tune were the uugatlons settled
Q. How long was it before the ntgations were
setteds A. think the litlgatons were settled the
Q. When you bought the stock of course you had
not anything IN your mind about the settlement Of
the litigstonss A. No; did not know anything
about when they would be settled then.
Q, or course your purchase was without any refer
ence 70 any settlement or litigationss A. did not
know there would be any settlement then.
Y. Then you supposed the litlgatiOns would 60 ONT
A. Well. don't know.
T. You expected to use the 90 600 shares OF Stockf
A. expected to keep them.
z. And let the litigation 60 Onf A. There were no
ltlgatOn5 tnen; never heard OF any settlement of
any litigation until the day before they were SET
tied.
q. When you agreed to buy the stock you agreed
TO buy without any reference to any settlement,
tlemenI or notf 4. Yes. "''sS' '-s'' "''' '''
q When you made this purchase did you have
any conversation with any officer Of the company
about ltY A. don't think had. -
Q. Do you say that IN your negotiations with Van
derDilt nothing was said about settlement Of the
htlgatlonsS A. Not one word.
O. During part OF that winter were you not resd-
ing In Jersey Citys A. Yes.
= z @ Did you not occasionally visit the Commodore
In New York; A. Well, two or three times.
O. Go on and tell US what you came there for. A.
We'll, called on the Commodore two or three times;
home or left this city.
Q. Did you come over to see him that he might tell
you thatf A. came over and called on nlm.
z. what did you call on him for A. Don't know
that could tell you exactly; merely called to see
q. Did you have any talk with him when you saw
him A. He always told me that did wrong in
Q. What did you tell nimY A. don't remember.
hims A. No. sir. N' sA"'A' "'''
q. Not at alls A. No.
2. You never talked about the reason OF your
going to Jersey Citys A. No. He knew, and every
body body knew why went there. uaughter) You ad-
visea me yourself Mr.. Field, not to 60 over there
Q. Never mind that advice now; that is not CON-
petent IN tnis case Did you have any conversation
with MIN about the cause OF your going to New
Jerseys A. told him this-that / had gone there,
and that did not know / was placed In very
awkward position. The whole railroad interests OF
the country had arrayed themselves on one side
and was on one side and he on the other, and that
@ But nothing was said about getting rid OF these
llIgatlons! A. Not between him and me, for he
never would talk about litigation.
q But you spoke OF its A. don't know that 1
spoke about 1t.
99s 2; When you bought the stock you bought it for
Q. Did you pay TOR 1t yourselfP A. The Commo-
dore agreed TO carry 1t for me, THINK for thirty
forty days, and then l was to take 1t up and pay
O Did you take It up9 A. No, sir
q How came you to give him ten per cent more
A. Wen, the reason OF that was, suppose that by
buying that stock and his keeping his stock should
get control OF that road some time another. Ihat
was In my mind that was the reason did 1t.
a. Was that in his mind? A. don't know that 1t
was; perhaps II was.
q. Did not you and he talk between yourselves
about The object OF your making the purchases A.
told him would give hin that amount OF money for
that stock II he would keep his; he said he would.
q. Tell US whether you and the Commodore had
any conversation about your motive In buying this
stock. A. Nothing more than have stated; went
mind TO buy that amount OF stock II he would keep
his; this was after Eldrldge-understan was sus-
pended; he then made THIS proposition ana / &C
ceded to IT. my motive was that he to keep his
stock, and knew could take his word; my motive
was that we at some time could get control OF the
road, or that could get control or It,
q. Did You say that you wanted to get control OF
the roadY A. Well, might have SAID to him that
the road was In very bad way, and SO forth.
O. Did you ana the Commodore have any CONVEX
satton about getting control Of the roadS A. Nothing
more than have told you.
q. In your conversation with him was the subject
OF your getIng control Of the road alluded to In any
way? A. DON'T know that 1t was alluded to.
o. Did or did you not say what your object was In
getting control Of 100000 shares OF stock? A.
don't know that said anything more than have
stated don't think did.
q. How many interviews did you have with the
Commodore about the negotiationf A. None what
ever but the one about buying the stock.
q. Did you have any other interview with him
about getting control OF the roadr A. No. i think
not.
q Did you ever have any other interviews with
MIN about the ltlgatons OF the Erie companyy
A. No.
O. Tell US how your contract got out of your
hands. A. Mr.. Eldrldge was reinstated in the
board, as ! understand and he came to me and