The Portland daily press., 1873-10-25

NEW YORK..
An AIIeged TrreQularity,

An Alleged Irrcgularity.
New YORK Oct 24-The Times claims that
in relation to the transfer of 81, 900 in bonds
of the Lake Shore Railroad by the Union Trust
Company an attempt has been made to cover
up one of the most Stupendous frauds IN rail-
road management ever brought to light. and to
keep the matter of au immense defalcation hid
den away from the public, on account of the
reputation for responsibility, which has accrued
to men most prominent in divertiLg property of |
a great railroad to their own USE 1t says that
the receiver of the Union Trust Company scents
the idea of an irregularity in the Lake Shore
bond matter as connected with the Union Trust
Company. The Times says that so far as the
Trust Company is concerned the transfer of
So, $50, 900 was entirely regular but on the au-
thority of a gentleman thoroughly conversant
with all the facts, we are enabled to say that
the bonds were used for purposes of private
speculation by prominent officials connected
with the Lake Shore railroad, and that corpora
ton has been absolutely swindled out of the
property. The Trust Company. acting ON
orders transferred the bonds to George B.Grin-
nell & Co. These bonds were hypothecated
with Grinnell & Co., and used as collateral for
loans. The money derived in this way was
used in stock speculations for the private &C
count of prominent people in Lake Shore, and
has in consequence OF The panic been swept
away. The Times also says that not only have
So, $50, 900 in bonds of the Lake Shore Company
been embezzled and squandered, but there is
an additional defalcation by which the cash of
the corporation has been to a large extent de-
pleted The loss to the Lake Shore Railroad,
according to the best information at hand, is
about three millions.
The meeting of tue Union Trust Directors
yesterday was very sto rmy, and the attempt to
fix upon plan for resumption was failure.
The resumption of bus mess hinges upon the
dore Vanderbilt. There is no hope of resump-
tiou by the Trust Company unless the So, 250.-
600 is obtained from the Lake Shore Company
in cash. The Commodore has offered to give
his notes and SAYS the company can get them
cashed on Wall street, but the proposition was
rejected 1t is said that unless satisfactory ar
rangements are made to-day for the immediate
settlement of the loan, steps will be taken to
throw the Lake Shore Railroad into bank
ruptcy.
4 large amount of valuable property was
turned over 20 Commodore Vanderbilt yester-
day by James III. Barker, Treasurer of the Lake
Shore Road. The deeds of conveyance are pub
lished in full. Barker is the son-in-law of
Vanderbilt and was possessed of an immense
fortune. He had an income estimated at
100000, but it is now supposed that he is
ruined along with the other heavy spectators
in the Vanderbilt party. He was one of the
three largest debtors of Grinnell & Co. The
above transfer of property is to secure Wander
bilt against Barker's losses.
The Stokes Trial.
No new developments were made during the
cross examination of 4. S Stokes by District
Attorney Phelps. He states that the last re-
Cancellation with Fisk was in the directors
room at the Grand Opera Hovse. at the sugges-
ton OF Fisk counsel SIX months after was
witness against him in Mrs. Mansteld's suit
at Judge Bxby's court. We left ia a carriage
together. They did not advise me that the suit
would fail, but suggestion was made. 1 never
said 10 Col. Fellows, coming down in a carriage,
that If Fisk got me indicted he wouldn't live 10
see me tried, nor anything that could be tortur
ed into il. | do not remember seeing anyone
but Mr.. Andrews and Mr.. Bixby in the Offices
of these gentlemen when called to ask them
II might safely get TO Providence After
leaving them drove to Hoffman street and
took my papers relating TO the trOtting match
out of the top bureau drawer | went 10 the
telegraph Office to see if there was an answer
TO a telegram TO Mr. Doty. Spoke to Cottrell
ald Mr. Mclaughlin and the operator about the
telegram. Got into the coupe and drove to
| Manstelds. My object in going there was TO
| get the original agreement, had taken away
all other papers some days before from Mans
fields, but it appeared that left that aeciden-
| tally on the reception room table, and she told
us that morning at Judge Bixby's court that
| she had it. did not get out of the coupe, be-
| cause noticed that the blinds were closed and
| | knew that she was sick. / knew that there
were other people in the house, but couldn't
very well get the paper without disturbing her.
| then told the driver to take me TO the Grand
| Central.
After describing bis subsequent movements
| up to his arrival at the hotel, the witness was
asked, when you went up stairs and saw that
| you did not know the lady that you went up to
look at why did you not Immediately 90
away?'
Answer-Because there were a number of
ladies in the other parlor, and was rather at
tracted by them. | think besides was admir-
| ing the hotel as had never been in that part
before
Questionable you know the man you saw
| coming up stairs was Fisk?
Answer-Not until he Jumped on the plat
| form and pulled out his pistol If l swore at
the last trial that he pulled it out from behind,
that was the impression left. could not see
| his hands, and his cloak kind of folded around
| him. I saw bis hands on a pistol-we were
both at the right side of the stairs. I jumped
| to the left and pulled pistol out of my right
| coat pocket, cooked it and fired with both
| hands, I had gloves on both hands and cane
| in the left At the first shot he said, 'Oh,"
and partly sank with his hand still on the pis.
| toll. At the second shot he cried, "Pm shot,
stopp' and he partly turned around. He did
| not throw up his hands. | am positive Jimmy
| Hart was not behind me- for | turned back
| quickly and went up, and be was not there. /
| was bewildered and confused. met Mr.. Hill
and said that there's a man shot. have no
| doubt that Jimmy Hart went after me and said:
care you the man that shot him?'
| After recess the defence rested the case. The
prosecution called Byrnes, one of the witnesses
/
| cross-examination, which showed that he was
| familiar with prostitutes and don know where
his wife is, but denied he was ever forger.
| DR. Buck testified Fisk's wound was inevita-
bly, fatal.
DR.. Crosby testified he would advise man
| wounded as Fisk was to settle his worldly af-
fairs.
B. W. Spencer testified that Fisk never fear
ried pistol.
Capt. Gus Fuller testified Fisk told him he
| never carried pistol.
| Col Braine never knew Fisk TO have pistol
Counsel called Recorder Hackett to prove
| that Fisk, when once in Hackett's Office was so
| nervous that Hackett put his pistol in another
room.
| The Price of Coal.
| The coal dealers here say that coal will not
increase more than thirty cents per ton higher
| this winter than the present prices. The in
crease since last March, established by the
action of the Reading Co., is eighty ceuts per
ton. The stock of coal here is quite light. The
damage by flood to the mines in the Schuylkll
region it is believed will be overcome in few
days. Stove coal in this city is selling at the
yards at S. o6a Sc 10 per ton but at retail 81
| to 81. higher A heavy increase over these
| prices the coming winter will be oa1sed~if
| heavy snow storms block the roads and prevent
| shipments
| Criminal.
| Capt. Sam'l N Smith, ship broker residing
| at Patchoque L. l., has been arrested on a
charge made by servant girl, that the latter
was compelled by Smith to give his wife poison
with intent to kill her. The woman evidently
has been poisoned but is recovering. A woman
in the nighborhood is also implicated. Smith
| denies the whole story. All of the parties are
| in the hands of the police.
Notwithstanding the persistency of District
| Attorney Britton of Brooklyn, to have Shankes
| given into his custody in order to keep him in
| JAIL Judge Faucher to-day decided to allow him
to remain in the custoday of his cousel till to-
| morrow.
| Political.
| The Republican and Apollo Hall parties
made joint, county and city nominations to-
night The registration to-day was 81 $3.50.
The total registrations are 97,14S, against 1885,
| 649 in 1872