New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-02-14
LOCAL MISCELLANY.
THE GALENA RAILWAY POOL.

SAMUEL. j. TILDEN's PART IN IT-TEsTIMONY FOR
IHE PLAINTIFF IN THE SUIT OF II. H. BooDY.
The SUIT of Henry H. Body against William
n Ogden, Samuel ]. Tiden and George NJ Bartholomew
came yesterday before Judge sedgwick, In Superior
Court Special Term Tue substance of Mr. BOodys COM
plant is rs follows In March, 1864, he was the New
York agent for the Chicago NORTHEASTERN Railway,
and William b. Ogden, the President used his ONCE
The Gaena Company was then In part competing com
pany considered advisable to get conro OF IT,
A pool was made by the plaintiff and defendan's
70 buy up enough stock of the Galena Company
70 control the election. In June. 1864 Mr. Body
hal the lsboripg oar. Mr.. Ogden to take 5000
shares Mr. Tilden 1000 shares, Mr.. Bartholomew LOCO
shares Mr. Body many shares as might be neccs
sary which turned out TO be $3.50 shares The pool re-
suited successfully The election was carried ana tie
consolidation made the Chicago and Northwestern
Railway Company giving S3 and share or preferred
and OF common stock each share in the Gaena Com
MANY A settlement was made between the partners III
the poo part of the new stock being sold to meet the
cost stock purchased by the pool and part pens
divided among the members OF the pool MI boocy
SAYS in this he had little pecuniary aid rom HIS
associates in the pool Mr.. Bartholomew lent s6o'ooo
for 80 DAYS at per cent Mr.. Tdon at one time IN
debt TO the pool OOO his Indebtedness
was $50 IL. Mr. Ogden's indebtedness rose AZ one
time TO l6AO4l "a, and averaged slZ.tf a.. inore
came manic when the call loans 10 carry the STOCK were
ever 600 and Mr. Boody says he had 10 FISK some
stock sacrifice other stock of his own he eXcnse 10
INN heing S7l ,55l g. The Galena Railroad STOCK
ranged meanwhile from 1929 10 l44, ana tne "no n
amount which he carrying then was nearly Soooo'-
COO -, ,.. -, =,
bookkeeper, he that a much larger amount tiah
was due partners in the pool was pad them Ihere
was change in ms books soon after ana ne uu not us
cover The error time As soon ~ II was dsco-
cred he made reclamation on them, ana tcy decIhnS
TO nav he brought this suit.
(niy the plaintiffs side of the was presented yes
tcay in court, though some objections ny inc neiesc
In the course of trial showed that one line or defense
a. that the mistake not between the plalntlh dhu
attendants but the plaintiff and the chicago ana
Northwestern Railway Company. Dexter a, uaWk ii
opened the for the painti briefly, ana ceu Mr.
Bloody = the first witness .oc, -
Ills testimony was the effect that lie in 1864
member of Executive Committee Of the Chcago ana
Norih-Wcsteru Company and its banker aud agent III
this clty while Mr. Ogden was President anu urcctoi vi
the company and had the OF his office the COMPANY
having half his rent On March IS 1861, MT OSdeh sug
20 sled pool control the Gaena Railroad STOCK Mr'
Boody continued Il told him to do so we must keep
our own counsel and he must take 5000 shares 10 whc
he finally assented but told me 10 consult MT Bootn n
Mr. Tden and il they approved 10 go anean MT booln
approved but would take part III It, MI lliueh tA-
p,essed his approval, and when asked him what in
ferest he would take approached his lace crosse 10 o
in the habltual 10 nun auu sdlu 4 never ~
largely into transactions 1 will take 1000 shares
III once ordered the brokers TO buy the stocK' $500.
The witness stated IL 900 shares were bought tDat
dy but H. Keep person quiet VINO had some suspicious
he had to him and his friends III part INTO te pool
About Apr l. Mi Tiden suggested That IL was DANGER
much on call loans, ana s0ne ehoulu we
mt on time loans. Mr.. Ogden and Mr. Tilden put NJ
their shares OF stock, and check Tor Sl9Ooo WAS
gwen which was all that they contributed
afternoon session was almost Nhoiy consumer III
explaining how Mr.. Young secretary OF the conau! anu
Mr. Ogdrns confidential clerk, had access to The whole
accounts aud how the mistake occurred III tDcnl Inc
r,sc will be continued to-day. Hawkins Cothieh ap-
pear for plaintiff; Niles Bagley for the defendants