The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1876-03-30
THE BLACK FRIDAY SUIT.

There another largo crowd in attendance yester
day before Judge Barrett holding Supreme Court Cir
uit watching the OF events in the great 'Blac
Frday SUIT brought by Mr. Dc Witt C. Taylor against
lay Gould and others money claimed to have
lost through the gold got up by the defen-
iants on the memorable Black Friday
Mr. AbertSpeyers the gold broker was again called 10
the witness stand and his direct examination resumed
He described his repeated visits to Heath's Office on
September "a 1872 for further Instructions and Fisk's
only instruction was Go on buy all the gold you can
get keep it up to 10O;'' on some OF these occasions
Mr. Smith present and most OF them Mr.
Could all the time Mr. Gould was like a marble
statue and said nothing; witness bought S26 0O0 600
in gold these orders that day. OCCASION while
Gould and Smith were present, Fisk said to Witness
eve know what about IL will be all right; keep
up your present status;'' after that Friday wit
ness saw Mr.. Gould in his Office, and they had con-
versation In which he said Mr. Gould belonged to the
gold combination ring and Mr. Gould denied it, say
ing he always kept his accounts by HIMSELF Gould's
firm of Smith Gould Martin was in existence that
Friday, but lie had no orders from that nrm; but on
the preceding Thursday he was ordered By Mr. Smith
TO buy Two millions.
shown between the defendants and therefore Mr.
Gould was respons BILE Tor the acts and decara-
tions OF Smith ana others In times OF excitement
these gentlemen are accustomed TO coneregatc in each
others offices 10 receive reports and IL was
founding proposition that Mr. Gould should be held
personally responsible Tor large sum because he hap
pcned to be in the Office sitting SILENT when Fisk gave
Mr. Speyers his ogders and when Mr. Gould denies that
he had anything TO do with these transactions Pres
ence IN the Office OF prominent broker when orders
are gwen dld not prove joint cooperation
Mr sullivan, IN reply held that there was more than
suspicious state OF things shown. IL was shown that
on mat morning these consprators sat at nine O'Clock
IN TIE morning not In their we'll known Office but
IN heath's back Office, Fisk with his OF and
pludgeon IN his hand, giving orders and Gould sitting
silent IL would be shown they had been thirty days
carrying on their plan II would be shown also that
their object was TO get large quantity OF gold and
loan u out, and then run up the price and call for
additional margins and al their pockets with ABOUT
S12O00O00
The Court decided on admitting circumstantial evil
denco tending TO show concerted action by these deen
dants
Mr Sewell then offered to show that the firm of
Gould smith were engaged 10 giving large orders for
gold at the time, and that Gould said smith was the
person to make settlements
The Court deciaed to admit the evidence and there
fore Mr. speyers explained the rules by which loans ar
regulated. lie sad that when loan Is made AZ tho
market price OF the gold goes up that day the lender
can call for additional margins; the Gold EXCHANGE
Bank closed ON Black Friday; he bought $40 0OO 600
In gold that day but unable TO take ~ Fisk and
Gould gave him no Margins he asked Fisk for margins
and the reply was "Oh, that will DO all right;' he
made the purchase OF 500, 900 gold Tor plaintiff pur-