The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-03-10
THE BULLS AND BEARS.
Examination in the Case at Jeferson Markst
Yesterday-A Transaction in
Reading StockA

The examination In the case OF william j Heath,
the Wall street broker, charged with having COM
mitted perjury, was c0nunued at the JefIerson
Market Police Court yesterday. Assistant District
Attorney sullivan appearing for the prosecution
and J. ID. Townsend Tor the defence. 1he pleadings
in the case taken before the referee In the civil suit
were offered In evidence and accepted. Mr.. White,
the complainant, was first placed on the witness
stand ana testified as f0ilows:-
am complainant In this case; was present at
the nearing held before referee In the civil SUM-;
heard Heatn's testimony; saw MIN sworn; he was
examined by his attorney. Mr.. smith; heard HIM
testify to going into the ONCE OF Marvin Bros,
Exchange place. on the 18th OF July, 1870; he
testified 10 not being present IN Marvin's on the
Woodward and myself, wnicn ne testified to not
having; Heath stateo ne wished to see US IN REFER
YouNa's STOCK IN READING BONDS;
suggested we should sell some OF the stock, as we
had orders for the stocks ne said. IL am child Ia the
matter OF stocks anu want you 10 be my guardansis
the question arose as to whether we should make
MIN stand good for Young's loss ne replied he had
transaction had helped them he wanted US to sell
outs when tine margin was up and purchase when ~
come srounda al gnt he stated i he lost his
money in the stock he wanted US to give him
$1,000 to start business asan s ne sad a. ne mel mad
up 10 $27OO00; there was nothing said Ia reference
TO each OF US carrying ons-hrd Of the stock; Heath
said
YOUNG HAD DECEIVED HIN
in reference to the stock, which was the way he
came TO get In his debt; Heath agreed to take up
share OF the stock Heath said 70 US ~ WIN hold you
responsible Tor the loss;' Heath said he would not
have gwen Young a. much credit IS ne did but for
us; Heath sent to me on the 18TH OF July 1900
81 ae tune; Mss a
shares more than my one-third; he sent one-third
to Marvin Bros the otner renamed IN the house Of
Heath q Co.; ON the 10th OF July loaned Heath
$685. 900 on his share OF the STOCK; Heath asked me
70 lend MIN money 70 carry ms STOCK M. saoax az
lent niuron 81 200 OF the same stock on the 22d OF
July; these loans made 10 Heath co. were STOCK
ne was carrying; on the 18TH OF July, 1870, heath
TOLD NE HIS BANK ACCOUNT WAS SHORT
about 49, 200; he stated ne could give me dividend
IN the Reading Railroad as security Tor loan; /
advanced nun So 900 and took the dividend, which
was paid TO me; on the 23d OF July Mr.. Heath nott
fed US In wrting that ne held us responsible Tor
the indebtedness oil the account; came from Sara.
Sm that ! could not C carry ~ the s stock i,ci;
July sold out 1000 shares OF leading for Heath
count pr0duced); on July IL mad conversation
with Heath and told linn had disposed OF anumber
OF shares OF Reading and purchased 1t back, by
very much pleased at receiving the information; on
July Is Heath requested me to send him 5000
'1 cross e Heath was sworn
1870; l heard the testimony; there were
several others swore Tor the defence and prosecu-
S as Ss esvs Sc
Woodward or ioung are responsible for that
amount; am, and expect to pay It; understand,
aood ms esmony Tie cS suit w BE- @
Validated; l was sworn anu examined in 1871;
The exam IN wss adjourned TIL THURSDAY