The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-04-01
JAY G0ULD'S OPERATIONS.
THE SUIT TO COMPEL HIM TO PAT
MS GAMBLING DEBTS.
More Testimony about his Black Friday Con-
spirncy-A significant Speech bv Judge
Barrett to an Astonished Jury.

More Testimony about his Black Friday Com
spirncy-A significant Speech bv Judge
Barrett to an Asionished jury.
Jay Gould. for the first time since De
witt G. Taylor's suit against him was begun,
made his appearance In the court room yester-
day. though he remained only a short time.
John Persch, whose testimony, on Thursday,
brought out the first acknowledgment on the
part Of Gould Of his liability for the purchases
that MFR. speyers made on Black Friday was
cross-examined at length by A. J. vsnderpoel
Mr. Persch testified that when he signed the
release OF his claims, Mr.. Gould gave him 1880
though his claims amounted to about $4,000
But he gave me promise BESIDES" he added.
William s. Woodward testified that he was
broker I'm Wall street in 1869. The day before
Black Friday MIR. Smith, OF the Arm OF Smith,
Gould, Martin & Co., asked him to buy gold for
hlm-1ve millions OF It. He was not personally
TO buy. but to get Lockwood Co. to buy, on a
MARGIN Of tS5O,oo. Mr.. Smith gave him a check
for t2j0,O0 OF the firm Of Smith, Gould & Mar
tin and he gave II L. Lockwood with the order
to buy. The order executed only to the ex-
tent Of between one and two millions. On the
evening Of Thursday Sd September, he called
~ Heath's private OH %, and saw there Mr.. Flsk,
Mr. Gould. MIR. Shearman. and others. Fisk
said they had ent ninety milllon and that they
must have thi published Ia the morning news
pnpors In order to show that they had the
ninety MILL ms t'ev claimed, so that buyers
Woulu cover tnelr purchases. something was
said about calling on the pc sons to whom they
had lent to scttl" NJ certain price. On " Black
Frid y" he called at Heath's office and had
conversation with Mr.. Gould, who said that the
market was going up and That gold would sell
a. 20 that day. The JOINT account Of Gould.
Kimber, and himself was twenty milliors, part
OF which had been sold. The persOns mention
ed mad, at the time of our joint purchase, suo-
stantiay made a corner" In gold
Tho witness was then asked 10y Mr.. Beach to
explain what he meant nv corner" II said
1t was an ouer 'tion by which large purchases OF
stock or gold contracts exceeded the market
supply. He could nut no other construction on
bu ing ninety millions and then lending IL with
only fourteen millions available.
william Read, gold operator testified that he
did business In Wall street IT. 1869. On the
morning Of Black Fri ay " he was In Smith,
n conversation with MIR. Henry Smith. lie told
Mr. smith he had some gold, and a-ked his al e.
vice. Mr. smith said that the ~ arket was going
NJ, AMI that they mad sent a man over TO raise
II to 80. Mr.. II 'ad said IL went up eoslv and
asked whether MIR. Smith would advise him to
| h"id his gold. Mr. smith replied You may
DO as you like about ina. but will tell you that
lor we, he couldn't remember which) mean
TO make every one OF these damned fellow set
| tie to day, II we send It up to ITO" lie crossed
over and found gold over 1870, and sold over u
million to Mr. Speyers at $50. Gold bad then
| broken. within Ave minutes afterwafd he
| bought back $4,000 At III, aud gold next went
down ike shot. tLuughter.1 Witness has a
| SUIT against Gould, and Gould has one against
| him. IL refers to this very gold.
Albert Speyers was recalled, but his direct
testimony was stricken out.
Judge Barrett informed the Jury that he had
been requested by the counsel, some OF whom
| are not well. not To sit on Saturday. and as he
| bad imperative business to attend To on Mon
| day, they would not meet until Tuesday morn 2
ing. His honor added, that bis attention had
teen called tn a circumst ance that he did not
| care to lay before the public, but II was sum
| Jury to tie careful to avoid converting with any
| one or among themselves about this case.