The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-03-31
UaiathOming the Mysteries Of the "Blatk
Friday" Gold Corner.
DEATH TO THE WEAK
Judge Blatchford's Decision in the
,, Clafin & Go. Suits.
AN ACTORS IMPECUNIosITY
Closing Argument on the Blocker Street
Railroad Lease.

II is evident that great interest is felt in the suit Of
Do Witt c. Taylor against Jay Gould and others the
trial OF which resumed yesterday before Judge
Barrett Supreme Court, Circuit, judging nom the
large crowd in attendance. Among the throng were
many notable Wall street operators, to some OF whom
the recital of the large operations IN gold on the mem
orable Black Friday was, doubt, like the memory OF
troubled dream To the ordinary listener, unused 10
the gigantic operations of great money mart, the
fippancy with which transactions amounting TO mil
lions OF dollars are mentioned must be rather start
ling
Mr. Albert speyers, the broker who had already oc-
cupied the witness chair for days, again called
70 the stand and his crossexaminaton resumed He
gan by stating that he wanted to make correction.
He said yesterday that he had not Gould pr-
yately since Black Friday he now remembered hav
ing seen him two separate occasions. His cross
examination continued relation to the repud ia-
ton Of the contract He considered that they aban
doned all when Fisk refused pay the
GIN he regarded Fisk scamp; he told his clerk
that Fisk gave the orders and that Gould said noLhng
in 1871 1672Mr. Could requested the witness to 20
TO Germany Tor one year. asrepresenlatve OF the Erie
Railway, Tor the purpose OF forwarding emgrants
over that railway.
Mr. Beach objected to the materlalty of this test
mony.
Mr.. Sullivan said his object to prove that
Gould'g intention was send this out of the
country to keep his testimony out OF the various suits
for claims pressing Gould there being also a
troversy between the witness and Gould as to who
should bear the immense load.
In reply further questions OF Mr. Sullivan, witness
said Mr. Gould offered him $50, coo Tor the year; wit
spoke Of these claims against Could and the lat
ter said he didn't owe Them he accepted the offer got
SO 900 and the RENTED to him; the inter
view was held the Erie Office by invitation OF Mr.
Gould whep he was getting his orders from Fisk on
Black Friday morning, and Smith Gould were
present; they were not in Heaths business office, but
in private room
Charles Aen, called for the PLAINTIFF lifted up his
right hand and affirmed
Mr.. Beach inquired whether the witness had any
conscientious objection to being sworn the Bible.
Mr. Allen said he had none.
Mr. Shearman then insisted that the witness must be
sworn either on the Bible or with upliited hand, Gin
presence of the ever living God.
Mr.. Allen made no difficulty Of being sworn on the
He testified that the 23d of November 1869 being
then broker belonging 10 the firm OF Heath Co., he
was directed by his principal TO transfer 81 500 900
of the gold they carrying to Smith, Gould
& Marun the following morning no arrived his
office and Mr. Fisk and Mr. Gould In the private
Office; he also saw Henry Smith there; others were
there, but he didn't care TO give the names.
Mr. Beach-Oh wouldn't be delicate Qaughter.)
Resumng, witness said that ON his arrival he re-
ported the market to Fisk Gould Il HATCH. he told
them that gold was at 1907 during the day he Mr..
Speyers the private Office and report Fisk
that he had made such and such purchases Fisk
stepped over to Mr. Gould, who was lying the sofa
and alter speaking TO him for few minutes, returned
he asked Mr.. Fisk whether he had sent
to the Gold Exchange order TO buy sl.000OO0 this
order received by witness in the Gold Room Fisk
said Eyes, " and asked witness did he execute It;
said not, and asked Mr.. Gould IL right and
he SAID it was Mr. could the order and heard what
witness said witness executed the order paying
$50 for the gold Fisk told him to give them up''
Heath Co., and Mr.. Heath's partner there and
made objection.
After recess Mr.. Allen was cross-examined by Mr.
Beach. He said that in Wall street sbnls operate
raise prices and bears, 10 depress them these ara
quite a numerous class; "po0p is association OF
either ''bulls" 'bears, the may be, for n
object he has frequently been engaged bull
fnu1f tha ark At m i'm wit hAr lint
they acted their own account and not each
others behalf he has had litigatons with Fisk Gould,
Smith, Could Martin Co., and William Heath Co. (;
igations with those paI tics IRON transactions
Black FRIDAY, and some arc still pendIng he bought
800, 900 at 1I0 next day Mr.. Smith told HIM loan
up to 600 600 and he would give him the balance;
loaned the entire he loaned out at 40, and whom
the gold fell TO l35 he called on Smith, Gould Mar
tin $50 COO to make good the difference, and they
sent him their certified check on Saturday morning
served with an injunction at the suit Of smith,
Gould Martin, and signed by Judge Barnard, forbid
ding HIM to 20 the God Room their agent buy
for them; few days after he gave back TO Smith
ST. 600 600 he carrying for the firm and got their
check for $4,000 to pay the parties to whom he had
loaned, which closed the transactions; Thursday,
23d he sold gold TO Albert Speyers and on the follow
day also; his last transaction not closed and Wit
ness had claim he called upon Mr. Gould IN March,
1871, said no to see If he would not settle
about the gold bought by Speyers upon Black Friday
he told Mr. Gould he had sold the gold, and that Nc
Speyers gave up'' James Fisk Jr. his
Mr.. Gould said he knew Speyers' purchases for
their account but that witness should go see
smith, and whatever he did would be all right he
made his claim TO Smith, and lew days aiterward the
latter took him up to the Erie office and into
the Presidents office, saying, "AIr. Gould. here
Is Mr. Persch to settle with you about your Black
Friday transactions;' Mr.. Could took him aside and
SAID III you will sign release in faR including Mr.
Smith, Mr. Bach. Mr.. Martin and Mr.. Fl k viii give
you check for $3.50 and buy 800 400 shares stock
for YOU that you shall make So 900 or 81 0OO then
Mr.. Gould sent him into Mr. Shearman's room and he
saw him there
O What Mr.. Sherman Is thatY
Witness pointing)-That very gentleman there.
. uaughterl
q. 60 on and tell what happened. A. Mr.. Shearmau
told to sit down and he would have release drawn
and 1t drawn and signed II aud took out TO Mr.
Could and he handed check for $3.50 on the
Tenth National Bank aud said no would buy me the
stock; then Mr. Shearman gave a letter take
down 70 Mr. smith, stating that the release was now In
the hands OF Mr. Gould, and took II down But
added the witness shaking his head sadly, "Mr
Gould never did buy that stock (Roars OF laughter)
Mr. sullivan tas u much snrprsedl-He never did,
called upon me (Renewed laughtcr.)
Tho Court here adjourned