New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1871-05-09
THE COURTS.
THE ERIE INQUEST.
GoULD EXAMINED AGAIN-TIIE EXECUTIVE
TRIUNVIRArE.

The Erie investigation was resumed yester-
day before the Master in Equity, and Mr. southmayd
went deeper than into Fisk and Goulds convertible
bond issuing business Justin D. White the Assistant
Secretary Of the Erie Railway Company first briefly
examined concerning some of the Companys bank de-
pOsits An inspection of the statement prepared by
Giovanni Morrissini les Auditor showed that during
December and January last its suudres debtor TO cash.
and debtor TO sundres stood follows December sun
dries debtor to cash. 4s7J21 e cash debtor to sInaIe
&S6lA 6S January sundrics debtor TO cash SoI1oo ~
cash deOtor to sundres, . 2Oil % Jay upi VIZ rv
with his back TO the rcpO and who spoke III very
low Voice then testlti as follows; p,;. Committee Of
90 ne @ ISp p ; t connected wi the issue two
convertible bonds Of the Company for SJ III December and 'Aha
O. were those bond. se A. One fd in by Nor
h@e smith ne ss'ast sSTetaG sa 'h e az .by resolution
Of The Board Of DrecO A. IL issued b. resolution Of the hecu'
Q %Rs, hat power The power q issuing convertible bond.
a. great emergency general resolution authorizing their
9 Can furnish copy Of that rso'aton 4 can r,,t to
th Of these two convertible bonds A. No Sir they were a
The order othe Executive Onm'ee under the powers oo
you know when regard to these Convertible Soss
O VAST done st the meeting Executive Committee r.
don't remember bO, presume i was ,.. r.oole seeing
ts until recently fecoleet th citing Executive Committee
WsS s IySt a. ls Ssnsi A. ness Fish Lane and
o where vas that meeting heidi twas held in the Presidents
o. Was no, Mr. Tweed present. A. lie was not - -, Am,
. Where Mr. Smith tune A. lie was SOe" 0u U''
NJ you o the meeting Is which , was re-
solved 70 issue smother convertible bond for $LOV a. r0'''
wio s.. PRESENT. Gon5 and Lane auf ss alto, o,
R1c5ts. Comnjse was made the absent member Mr.
Tee5 A DO no, rss,Si I a \ Tweed WA, consulted or whether
l. knew about the issuing Of those 1cnds A. reporter 'H' '''
O. When DID you report the Boari Some time sub
'5i' Hcs long .1Sseqaenty A. think III April
Was that ne tf'i 9o.e ' 70 e s15 o.l ipforrstion
O What unofficial matonl cannot say bat
tt generally known the Board Of Dreetor ., nancy
y How made k1owu A They l9ew that We needed money
and 's we should E., 1t o some %I 5 Rr whom YOU informed Of
tbe Of these convertible blndsl A. cannot 49, D., .h
issue S Of so 9 bo16 Gnd sne .a n va public
b. he de9Pmeas tbs salt a. tas o5 sS S 1 1H a, h.
did about A. stated Mr. White when gave MN mn, money
o Do you say MI Whites evidence incorrect IN '1 Fe,ee
waited money and tina, tee Was but enc way Of og
~ ss opves Bonds but DID not tell it White because
uulr The impression that he kes al about IL 80 .-l ,t N.
Issue Of bonds A. saed to The cqm%ee ~
when the report Committee but it VAS after the bonds
Was this after the fact Of the issue bonds bad been dused
a. these proceedings tont remember whether va OK
& o Il to ot f Of the Boa before investigation
o Cn yon mention some particular person whom you inomeof the
i,'s Of as 9SI tsst a. .B faS @ Easa Er ADD
q Upon impression founded On The &C. ,t That they
When Committee appointed 70 s he! b: . Of yq5 e9SS dsaS
these 6cO shares Of s'Oe and 4 or Of The Court aIGuP P '
ltoe the public nythng about the issue Of those bonds
N e pe ea va a. a. Fiat he the sTst ae
g We he resolutions G ts . S BANDED in and re-
oo on The minute: We wei ss 5g' . ap O- "
v H the Of these bonds teen communicated TO oT members
N naies Of that meeting were read Of the Bori
q Doe Mr. TWesi IDOw of tie issue Of thee bonis a. an not
that he'd haven cen
O. What disposition made Of these bonls They were con-
Who gave BE oEisf for saeh coPyron gave as o75eI the
bonds issued the morning and converted into stock IN e amer
o wS was TIE owner and holder the bond for 100000 at the
g Had you alqg the Ere Railway COMPANY as con
alteration the issue Of that bond and before It's conversion ntooeA
ev nuchi A without looking at the tem'' Dec
When did the Executive Committee decide to issue that okl A.
o. December 90 lGfO the sol OJ received from Willard Martin
Bach was pert Of the consideration Of the bond
O. Were shares Of the Nsrraaniet steamship Company and The
Jceon Railroad Comgan gwen ooaer.s o mat som advanced
81, Mr. VIII thought p hat willard Martin Bac5 he'd them
Is this $1,000 item t1eI account can' with the Erie Com
y How do Won owner Of that bOndi bought the
& th 81 5S %ss lent to Is Company By Willard Martin Bach
1r gwen hns as collateral security or II st3s Of the Nara.
& bca ron tie CoapsSy asTeel tat the Ocs which had
pc, I would retara il t, Conpary.
5S% Sd I0q Id PnS l d; . S1f a. s 5 S T s s
the bold issued bad advanced altogether 4SG0; Shen
bbt tie bond stock but could not be
s1S ts bad .7 s S The e" c%ia S 81 90 '-
o. Was that in hands Of the Erie Railway
Copanyl A. consider that hcd Treasurer; impression
that gave Air. White O. % TIE
order % the
FOR think did Mr. White orders think eC
Rafh him that had placed that to the credit Of Willard Mar
ID a Be
o. Who composes the firm Of Willard T. willard,
81 Martini the special partners lillian NJ Tweed, Henry NJ
Smith. and self
O. Dot your arrangement with them money the stock
d that ey lueS Of those convertible bODdsi
tbry received Of from JAY Gould
o. stock A. The stock partly made ont
willard Martin Bach, and partly tie OF Wax
Ian Heath Coz all the stock certificates 10 Willard Martin
Exchange DC
SOL
o converted A. It converted into ind
stock Willard Martin Bach dn hod a. collateral Sc
eaniy
o. What the siockl A. sold H. and the proceeds
"a placed the credit Of Jay GOus special accounts the
whole Of the % 600 shares tunnel into money
whether Of Willard, Martin Bschi
stock
proceeding A. Tie stock not sold on Dee 80
directed Mr. Willard make the directed 70
made showing what had Gdsnoe aud there had been loss
rected that the be made 10 SHOW what had lost on
thu shares
Who made about the bond Wit, Fisk and Could A.
o WV did you thus direct made outl A. NJ idea
the Board the actual bad sustained on the bond
thr shows what paid for the bond
The investigation was then adjourned.
A HEAVY VERDICT.
In the United States District Court, yester-
day. in the case OF the United States agt c. II. Ien