New-York tribune., 1876-03-29
THE COURTS.
rHE BLACK FRIDAY SUIT.

TIE BLACK FRIDAY SUIT
OPENING FoRTnE NEUTRALITY-SUSPICIOUS. OF ALBERT
sPEYEBs.
The trial Of tho suit Of Dewitt c. Taylor
against jay Could James NJ Bach ana others, begun by
the mpaneng Of II jury on Monday, was entered upon
yesterday In bis statement TO the jury, Agernon .
sullivan one of the planhs counsel said that plaintiff
sold on sept "a 1909" Black Friday "-$2O0OO gold
at IGO 2OO currency to Albert spcyers, and re-
ceyed from Spcyers memorandum, now lost but when
wns as nearly as cOad be recalled, Bought from De
Wit Taylor 100000 American gold coin al 32OOOO,
for account OF James Fisk, ir and his associates A.
speyers" Mr Sullivan stated at some length the rules
of the Gold Exchange where the sale was made,
both TAYLOR aud Speyers being members and said that
under them Taylor at called deposit OF 20 per
cent and made deposit With the Farmers Loan and
Trust Company OF his 20 per cent; that he applied TO
Speyers several times within the hour allowed by the
rules TIE Board to make good such deposits ana after
several assurances that it all right on an appca-
ton after the hour informed by speyers that he
could not and would not make the deposit Thereupon
he had the gold sold under he rules ana the price hay
Ing fallen to about l33, there Oss OF S53,710 for
which the suit brought. Mr. Sullivan admitted that
the suIt was hedged about with legal difficulties, one Of
more cover for the future price OF gold, the
tract void and others relating to the question OF how
contract aud to tho iact tnat 5peyers had only named
james Fisk, ir., as his principal.
yesterday 1t appeared az once that bis direct orders
from James Fisk, jr ana under section 59 oi he
Code objection at once taken, that being interested
he could testify to any CONVERSATIONS Win per
son now deceased, through whom the claim was derived
This was got By the execution by the palnln Ot
release speyers Of all claim against hun Speyers tes
titled that on Thursday, Sept 23. Mr. Bedcn took him TO
see Messrs. smith, Gould and Fisk ON smiths order
ne bought nearly S2,OOOOoo In gold. Aiter~ard
FISK told Smith 10 take care OF SlOOO,oOO
OF this and Heath Of the rest Next morning,
sept ~ az a. m, he got orders from FISK ID lAe
presence OF Mr. Gould to bny all the gold he could RET at
i45 Soon nfterward he had order irom Fisk 20 run
gold up 30. lie did and aftcrward reported 10
Mr.. Fisk, who directed him To run gold up 10 100 tie
reported several times that day 10 Flsk what ne was
doing and asked about margins. GOud WAS always
nt though the later interviews he was lying on
"A lounge with a newspaper over him. Fisk was always
the sykesman. There several Others IN Tie room
After the price OF gold had broken and he Lad
reported that Fisk tisk told him 10 on aud 0id lOO
ii gold went down to nothing He did 80 unth, Whlie
gold was selling at l3t In one part or the ROOM we
brokers refused sell 10 hn at 100 AZ one Time ne
took over broker named Brown Of whom he bad bought
81 900 lOid 10 arrange with FISK about mar M
fisk's constant order was to and buy al ZOO lie
lspevers was threatened by members OF the stock
EXclaugc that they would shoot him II be continued 10
lid az 60 and To the stock Exchange ana
called the attention of the President 70 the threats ana
doned them. His testimony Is To be continued To day
A..rnun : sullivan, Wheeler IL. PeckhaL, aud Robert
Segell appear for plalntit VIM. \. Beach, ILos. u
shearmaI, and A. j. Vanderpoel for the defendants