The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-11-22

Wall street Men who Question the Veterans
NernciIy- Dnn'Is AgitntiOn.

In the suit of stephen v White of
Plymouth Church and the New YORK stock
Exchange against Daniel Drew for Sll,4JO In the
supreme Court brooklyn, yesterday, ;. V.
White testified that the claim grew out Of
transaction with Mr. Drew on the "a Of March,
1915, in which he bought Of MIR. Drew for $500
the privilege # purchasing from him III sixty
DAYS. at his option. l,s,O Union Pacific shares at
$40 share. On the 9Th Of March he called for
the stock, and at Mr.. Dfew's request he cx-
tended tho time Of purchase until March b. on
which day sir. Drew repurchased from him the
stock IN question at sos a share. agreeing to nay
the difference between that price and $40
sh re, namely, Su,4DO. The plaintiff took Mr..
Dfcw's due Ill iur that sum.
In reply to Mr.. Drew's counter claim, that this
deb, v wiped out 10y Whites share of "A loss
OF Sloi Nds.G on Joint Undertaking to buy and
sell the capital stock ut the Rock Island Rail
road. NJ. Waite testified that the latter debt
was wiped out In ISL. the next year. by trans
action in Chicago aud Northwestern. Mr. White
was ~ pool on that stock. aud ascertaining
That Mr.. Drew had bought LARGELY Of u, took to
hun some Information that induced Mr. Drew
TO couutcrmand his orders to his brokers to sell
the stock at $3.50. Ia consideration Of the in
the stock ior Mr. htte's benefit rhis stock
advanced to $sj.37s. and the $4,000 profit on 1t
Mr.. W hite never Gated for.
MIR Drew was holued 10 the stand by some 81
the dapper young brokers who formerly did
business for him. Ills testimony was that he
didn't remember anything about the North
western transaction. ana tnAt he NluN I nave
ANY big lot Of the Northwestern stock at that
time. aud never rave any orders to his brokers
u sell at t1l.in. He remembered about the
Rock Island Jos, =, Tor. ne = il wniutnglv. J Was
rayther badly soaked In tt lLaughterl lie
never mad so much business that he could'ut
remember a. action involving 900 shares II
stock and b 1t million dollars in money. Mr.
Drew's testimony was for the greater part TO iue
effect that tie didn't remember anything about
the stor, told - Nr. " mite.
james Whitley and samuel Be1ncock. formor
brokers for Mr.. Drew. testified that they did not
receive any order on the ION ot Februtr, ls-a
10 sell Northwestern stock al SHOT, or any other
n-ure.
In icbuttal KENYON COX. q former partner Of
fCf utatinu Tor train. Nr. Cox with undis-
guised G. Infusion over the question tired to es-
cape answering lt. A. ltu-th he said " SUN
poe ~ tn W u street his Character does not
IT nd NO. IT,
Judge Barnard-I don't know what No.
me a be the jury does.
line Witness Ills reputation h rather had.
! have known MIN over twenty yeas. was his
| partucr from 1870 ana before that was his COM
naentidl clerk.
MIR. COX returned 10 hts scat by Unce Daniel
ana the latter at once began 10 take Cox to task
/ Tor his adverse testimony.
| j. l.. rrownei. a broker. testified that Sir.
nfew's reputation tor trit IL was bai. lie had "A
| Transaction involving S-jUO wi. ir. Drew. IA
Lx Judge (itniaii. for MIR Drew, hon a question
! was objected 10, suid; " ! want To show that no
| man hi,s "A character IN Wall street. The men
VINO do business there are I'll iignt uptown,
where tueN butlu CuurChe-. tire Iews, DO char
| table Things. out In tho street each man Is AZ
the mercy Uf every Otner IN n- malignity.
tIke deep interest Ia the attempt, sir, to I'M
| peach This gentleman, who ha. dwct SO long IN
the community. ant whom now, on the brink of
the grave. our auNtf-aries wish To thrust eu-
| utrlN under ~ Imposing the burden oil an lm-
| peac huent.'
Sir. Drew evinccd much excitement in the
progress VI the impeAcning testimony.