New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-01-29
PACIFIC MAIL HISTORY.

| WELL RELEASE.
More testimony was taken yesterday for use
in the suits of the Pacific Mail Steamship Company
| against William g. King and John g. Schumaker before
Edwin NJ Wight Not iry Public Commissioner, In the
| Drexel building John Goodwin appeared for Mr..
King and Henry Bennett for the Company The early
mart OF the session devoted to the reading over Of
! Mr. Roston's evidence taken the day before Runs
Hatch appeared somewhat after the hour appointed but
went away without giving any testimony Mr. Bennett
rcmarking that he wanted to get Trenor Park there
before concluding with Mr. Hatch. and adding plea sanity
that he thought he could get little more out Of
/ him after Mr. Park had been the stand
this Mr. Hatch replied with equal suavity that II Mr.
Lennett would get Mr. Park on the stand he world then
make "clean breast Of IT," Mr. Hatch further e1-
planned in regard to his testimony OF the previous day
that he could not he expected TO remember all these
things II they wanted him to this whole thing
for couple of years he would tell all he remembered
but when they asked him questions like taxing up ra
road and going different sections Instead OF taxing
a consecutive history Of 1t, why he couldn't rccoloct
always All these things a matter OF record. He
had no secrets about them.
A little later Lucius T.. Chltendcn in and In
formed the counsel that Tenor W. Park, ms client would
not able appear that day ne still confined by
severe sickness. Mr. Bennett asked when Mir PAX wad
taken Ill, for he him Tuesday night ana
had long interview with him, at which 1t was arranged
that Mr. Park should come the next day.
Mr. Chittenden said he though that 1t that very
day that Mr. Park caught severe cold He bad been In
poor health for some time had trying all Winter TO
get away q warmer climate and wanted to start next
Tuesday His deposition he suggested, might be taken
I'm the evening his but the gentlemen present
did relish the idea of having private hear
Ing Mr.. Chtenden said that he would try and got Mr.
Park 10 appear the next day at 1890.
Theodore T. johnson was the first and only witness
called, Mr.. Bennett questioning him at considerable
length. as follows
I.,, l,,tr Tho aburaa he
Pacific Mail stock specified in the agreement OF oct -,
1873. were drliycrett A. b. Mr. Russell sage. ,
Q. TO whom those ccrtincatcs transicTcdl a.
The first deliveries of 5000 or 1000 shares, perhaps
1000, were Transferred to Mr. Russell snse inllanay
the Board by Mr. Francis Acknowledgement especially by
Mr. Alrxanrc-vho insisted that 1t not proper nor
ght that they should stand in the indiy dual name Of
Mr.. Sage; thrrrupon the Board appointed committee
OF three whose they then transferred In
Q We're new certificates is,ucdi A. There were.
O. To whose names A. To the names Of that Commit
tee Ia trust don't now remember the names, but the
O. Do YOU remember when hey were sold' 4. They
sold from time 10 time during the next four months
O. viii you state at whose motion suggestion those
shares were soldi A. They were a.p by Mr. Russell
sage and In instances that IecOllcct the sale was
hrst made and aierwaid reported 10 TIE oaid ~ hces
sary FOR the business Of the Company which Sr sage
did under hi, general authority President tenn
q. Do you rccoect the price obtained for theml A.
Well should say from so to III % or w per share
q. The whole SlO.OOOi A. That il my recollection.
They may have brought ltto more but don't reinem-
".
do The brokers sale. rendered aud put on
/ record. don't remember tho names Of The brokers,
q. DO you recolect II any member oI the Board was
particularly prominent IN nTginS or d'islng ihe cancel
lAton OF The Mamh agreements ana me forming OF The
} October agrccmcntst 4. don't remember
q. Who WASH A. remember that MI Russell sage
was most prominent after MIN M1. rars ana GtIsr
II agan- was wi-e thing to do; the ute OF The orig
nal property he didn't know anything about ne went
on to -ae that he had got certainty IN getting 10000
Of Pacific stock for what no considered an uncer
o. At tho time that Sage and Park were
urging the cancellation OF one AGREEMENT anu the miknS
Of the other tine report ~ The counsel OF the
Company respecting the validity ~ that mortgage and
the valuation ~ TINT property on hei A. Ii WAS on lie
/ IL was on the minutes OF the Company.
q. Do YOU know whether that same mortgage AMI
u",rJ IN I. private dcangs with Mr. stockwc after
they surrendered by the Board OF directors A.
poT conn conn wonI3 show that.
/ O. And after the Tcturn OF Mc'srs Scott ana Hatch
FROM Warrington after the delivery Of this release
to Mr -ockwe you recOlect what wac said or done
ton Ia delivering that released a. only recoect thut
Mr. Hatch was very indignant ana Mt Scout Also ana
/ they expressed this sense of indignation "a me.
O. Ddu'teach Of those gentlemen in the Board Of Direct
CHARGE tina, 1t the result Of corrupt bargain aud
/ understanding between Sir. Stodtwcl aud individual
members " that Board and wasn't that charge the
cause OF certain members Of that Board
| shall nave iu statement. but must depend on my
memory. Mr. Hatch did, IN the most indignant terms
drnouucr Mr.. Russell SAGE for his speculation ~ iAchG
Mail stock. for hi, -aes OF puts and " calls aud
charged Aiu with selling stock short, all OF which, OF
great deal OF which, evidently To uy nina al the time
grew II these transactions. There were many very
Of the Board ana result Mf. Rus~tu
dd resign the pe-drnc, 81 the company ana re-
/ tired from the Boarl OF Directors.
q Did did not Mr.. ilatch aud Mr. Scott threaten In
substance that unless SAGE ana ara OF flth'r OF cn'
did resign, they would expose the motives and ransac-
tons which induced them to deliver up thls release IN
spite of their telegram 4. Ihey did 30 tenn 1t. but
. without abiding to the Telegram
/ o Mr. sage lid resign. dunt he \. Yes.
a. Subsequent 10 his resisning, didn't Mr. Hatch and
Mr. scott request repeatedly IN the court TO be author
/ recoy,. " OF This money, A. They did.
q. DIDN'T the Board refuse as u Doardi A. Ibcy took
o DO You remember what Mr.. Park did or said The
occasion when this subject was ntroduccdf ~ don't
o. Didn't he MAINTAIN that IL was acting In had faith
with Mr. ~iockwei To proceed against INN on These
cheeks after the delivery Of that rresef A. lie dli
o. AT that time do You Iccolect that another check,
drawn by the Panama Railroad Company In favor Of A.
| H. ~tockwel As an individual. was brought before the
! Board A. do; for : 10000 49,,
q. What was said done ia connection with that A.
The Board took action 10 authorize Mr. httch as lac
! O. DO You know that successful attempt was made TO
charge that check the Pacific Mail steans H. Com
panyf A. do; didn't know it at the time, but have
Known IL nee; think 10 WAS charged on the books
| loan the Pacific Mail steamship Company.
O. wasn't Mr. Park this oc aston director both in
/ the Panama Railroad Company and the Pacihc MALI
o. And did MT the question then NJ to whether
the Pacific Mail steamship Company, the Panama RAN
road Company, MI sockwrl should lose that money!
O. And IL was on that occasion that Mr. Park opposed
| the prosecute Of the claim against Mr.. SiockWeH
A H. opposed the prosecution of that and other claims.
O. WHAT position did Mr. Park hold AT this time while
| director Of the Panama Railroad Company A tnlnk
he was President OF the Company all thus took place
after The resignation Of Mir sage; heard Mr Hatch Say
he would guarantee the collection o tbat check from Mr.
stockNcll provided they would give nm authority TO
@ Was it charged in the Board when Mr. Sage and
Mr. Park were present after this release that some 81 the
drcco,a received : 90 the delivery Of this
| lease To MIR StOckwci A. II was not charged IN the
Board Of Directors while they were III session. nave
O. Was the method by which that 100000 was trans
fcrIcd IRON the books of Mr. stockwell TO certain d
! f..lR moi gI nh \