New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1876-01-27
PACIFIC MAIL INQUIRY.

sToCKwHIL AND DIRECTOR OF THE COMPANY
THE NEGOTIATIONS WHICH ENDED ~ Dis
CHARGE To sToCKwETI-wHAr SIR. Park HAD
TO DO WITH TIEM-rLslIMoSY or THEODORE
| T. JOHNSON.
| The taking of testimony to be used in the suits q
the Pacific Mail Steamship Company against William
/ S. King and John g. Schumacher was continued
yesterday before Edwin N. Wight, Notary Public,
in the Drexel building. at Wall and Broad-st.
Theodore L. Johnson. formerly Secretary Of the
Pacific Mail Company. resumed his testimony his
direct examination being continued Us follows by
Henry S. Bennett:
O. DO you remember the fact OF agreement having
been made and executed between Mr. stockwel TIC
Pacific Mail Steamship Company A. do;
q. Ey booking at that paper can you tell when that
agIeeniont w's made A. On tho -2d day or October,
q. Who wore the paltie, to that agreements A. Alden
y. 3tockwe and the Pacific Mail steamship Company.
q 10 fact tha: Mr. slookwell was President Of tho
Pacific Mali Steamship Company ai that tnnot y. His
! presidency expired IN MAY. 1873 HIS term was from
O. Didn't you know that st the time OF the agreement
between Mr. stockwel and the officers or me Company
Nr. Dt0ckweil Ples,oentf A. 1 do rcOollect now
wLon 1t was; do remember another asrc1menI-iiJs
O. What is the date of that A. think 1t was March,
q. who were the parties to that osreementi A. Allen
b. Stockwell and the Pacific hail Steamship Com
Q. And TIL, agreement which have Just shown you
oonsunmstion. IL not. OF the agreement thai
was actually made when DR. etocAweH "@s Presdentf
o. Is iE not fac. that be resigned simply for the pur-
pose Of making such an agreement valid A. under
O. who were the individuals that neg tiatcd that
agreement OF March, 1871 A. den u. 5tockweu On
saip CAnp1uy. ~ follows james ID Smith, Alexander
Misterstn George L. RHissand, +. W. e. Bellows, and
O. boar you remember Mr. Smith rising In the Board
~ this agreement was presented for them
ot ia Ss,ren,ratir A. do rrcolIrct that Sir
@ DO you rcoollct Mr. Osborn saving the same tlingt
!. He said II 10 nad boon PRESENT ho would not nave
c. - tat the agreement to which yoI havo referredf
A. (&tidnJ "TIe hist day OF 6ticb, 1873 IL Ii tho
agreement 10 winch nave reioiTed. -. .
q. Was Mr.. socIvell President when that agreement
@ Ia %hos- ndartlng I, that agreements A Exam
O. b. yoa know in whose handwriting the interIinea
ton IS a. think il il the handwriting oI 1r Ircnor
" PARK: 1 rocoguizs 1t rs such.
O. IL j. n0ta TACT tAas Mr. Park was so-between be-
ar. stoalweli aud tho other directors OF tao
far as he alrost diiiy presence in tao odico Of M
atooago at the zine tne proceeding Was soinS oD-so
O. Wa. Mr. ParE member OF the Board OF Directors
at IHat Il ei A. lie was not AT tIIt time
q. ia Was elected IN tue neat Boaidf A lie was
elected in next Board
q. WAS he IN fact member Of tho Board OF Directors
wAen sis 1gioonueDs "as illuminated anu eAec!lodI
4. whcn IL Was consnmmlted ne was member OF the
g. DID ho not advocate the signing OF this agreement
~ tho rae, tng' 0f ia Board OF DToetorsf A lie was
When he agrosrnen m abe on ths lat OF Marol was
signed A. Ele was = director when tho agreement
The lst ri March Was signed; 10 appeared to be
o lie sss mo sas,sas OF Mr. sin,sreU and director
OF The uiljrii9F \. Bs dPpedrcd 10 BE-, espfe'spy.
all .fi1n Wa ~ A. DIr sto5kweI did not reign his
Office, but not renUnnatoi; understood tnlt that
soma other directors OF the Company; II ncuded in
bargain tl,st Mr.. 5ockwelI should decline renomina-
Ton Air. Para had been elected u ine.uDrr OF TIC
board but DEFINED u take hs seit for SIX mouths
anti tAo contamination Of tho asreement
Tho witness here referred to tho books, and stated
that this AYR 'emont passed unanimously, and
the names of the members voting were Capt. George
II. B.adbury, Russell Sage. Charles J. Osborn.
George 3. Scott, Rufus Hatch. and Francis Alex
andre
O. Didn't yo, know that Mr. Osborn opposed 10
thts ag.c Isn't It tact wat he 50 ststodi A. Ito
O. Iiag ne oppose slso .hc final execu.
ti0ni A. To B,ard were unininousy IN favor OFT,
ihd Il T. 80 "a. ir,u i.l Ho. ". si ~ gu. o..
Oyiooor o. town. AMI had 10 been preseis hs
- ySa rem.ber tha he appeared All 80 satcdi
l. remember tnat no did AMI wisned " nave his name
d. y0i remember lie grouni on which he based hi.
opfnili;n 90 is A. W.li { think that he CONSIDERED
t ,..o Company sarrcndern. ample security ivis
I1ely ., p.,y n. q ,nDanY more than siOO.0p0
Dl rct hs Charge tns. there MAS corrupt 6argaini
O. ~ ref RUG Ia tho minutes you trr mo at how
many mgot3Ss Ar PAX ~is present OriQre tho vote
s.tHorzI.S te S,nils :" ms atiIeMenti !. .a,e
wbluH had not been actcd upon or received. tie was
present. al Tho e1.in;s prior to he signing oi tIat
q. Aud at the meeting when this agreement was cs
~ H 4S s and ado doc at AID Soisi IN 's IL,
Ilyori a. lie appears nvt 10 have beSn director By
DO yoG remoub,r whether o. not ne advocated that
m meeting OF the hosri OF DIRECTOR lUdi-
a.Yo,,tyd q; d. not know TINT he adyOCt.ed It al
iorui uiee ns OF IN. Board.
s3tt ainolt q, iutly detef.nuoi uOnI A. About nSe
.uufl.; t.iAt r., frOui the ecodon IN 4iay urtd the
~ a. pr.uii
q. Ddrns tl.; period, WAC was President Of tho
Bparlt \. Capt. Genr,e H. Bradbury.
u on dag old NJ PArS nsss a.o bis seat and
i. ON jhe lion of JtuiaV. 1871
q. How Ion had 10 thon boeu director OF the Cam
r .s7s a. rom '' p''' q ''''.''o' IN" '''
o. Dl!n't you know thai Mr.. stockwei it = con
oaJn nj doo.udn5 th1 reno~ na1i"n TO tao pr 'deny
lA.t nT. s.OGld DO elected director y 10 NOS
know thai tam. II Wa 50, blt caLuOs te,tifJ.
q WDo. BESIDE, 5r. PARK iau siduAly participated In
those nt5hi.,i, wcR resulted IN q seueilcht be-
twe.n Sls. 5tDckSel and tho Pach, Mai Steamship
GJmpiny A. AZ hdS5eh D lSe;; 49, n, ,,.. ~,
q, iAy On5 oac u sdOud say Mi' huio Aaich'
- Dill either one OF them oppose tho sct;leInrnti A.
NoIHcg " t.Vse wAo voted for 1t except Mr. smith
o. mnaL w.s the cause OF tho negotiations continuing
f0r io mOAtis bo.Oie they nLsJ resulted n se1Nc-
mou;t A. Wei, l SUPPOSE they wvrc Waiting for tho
T,ce OF Pacific 3l ssoeA 10 decihe ahd also 10 odJ ih
Cucap Odudsn a., .-.,....,, 49,. 81, So.
y DO you mean 10 say they werc dtiux for n decline
Ia auao stOcG. aud ts tho Negotiations We're co-
s.ucuty ,iri,ycut A. There was every app1Teht cfF
dcico tA.t those negotiations were delayed.
a. Mas ;ie price stock affected aitoF mo SIstS1'ens
b Same publiCi \. NJ; materially -, A.,
pilcS OF stock ddctuatei A have not rotefrud 70
ino Lots Vi tn Stock Exchange; lhy recollection u VIZ
dung that i've mOhSls thofe was a very coh'iueI'o,o
dools tie price OF PicilJ ia.-ai e-ss M PrI cruz
q DuI4ng sA.s period, "ls NJ otooA"o IN l!r ONES
OF ILc Com DanTt A. Constantly.
q DLriu5 TIC perioi ol tAosc negotiations. was Mr.
StJckwcl frequently IN the once Of the PAc'ile N~h
O. And present AZ ANY meetings OF the Board