The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-02-24
A REMARKABLE MOMENT.
What the Great "Ring Brsaker'
Knows About Stock Pools.
HOW THE EX-GOVERNOR LOOKS.

beginning OF this lengthy case which was
commenced in May last. Mr.. rden appeared
on tho stand Considering tho immense inter-
est which Is at this evcntfui period asso-
catcd with his name it might naturally be expected
that the Superior Court would have been 1icd by tho
vanguard OF the invncblc army OF sensation seekers
who usually overcrowd all public places whore there
is anything unusual be soon. But, upon the present
OCCASION the sight seekers either caught mapping
or too busiIy engaged elsewhere to hear the testimony
of even defeated candidate for the Presidency There
were not than eighty or 100 persons present. all
Of them belonging the and all apparently
professional gentlemen and men OF business, when
shonest Sammy" sworn to 'tc the whole truth
and nothing but the truth"
TIE PROCEEDINGS.
II will be remembered by tho reader that the suit as
against Mr. Tlden was dismissed few days ago by
Judge Scdgwick, on the ground that the claim set
forth by Mr.. Boody WAS cncctually barred by the
statute of limitations. which plea was tho offered
by our late Governor Mr.. Tilden has, therefore,
further interest in the present proceedings than that OF
q witness on behalf OF the defence
Mr.. Miles, on behalf OF the defence, examined the
distinguished witness at considerable length. The
dcponent stated in substance. that he did enter
into any partnership in the transaction now before the
Court and that he only took shares OF The Gacna
his personal account
In his some what extended cross-cxamination by Mr.
Dexter H. Hawkins, who appeared OF counsel for
the plaintiff the several railroad transactions between
the l;igating parties were gone into. These opera
tions spread over period embraced between he
years 1858 and 1864 and the object of reviewing thcm
appeared to DO that of showing the alleged ultimate
business relationship which mad existed between the
plaintiff aud the witness during this period.
During portions of tho proceedings Mr. Tden mani
tested some irritsbility OF temper and replied in
,pfor fnrtoc
~ can't scc," said the witness, quite testify, thc
object Of all this except my answers are to be used IN
further litigation"
"Don't be AFRAID" said Mr.. Hawkins, .'of any other
suit IN which you may appear"
al afraid, replied Mr. Tilden rather sharply.
IN THE PooLy
The witness admitted under cross-cxaminaton
that he ad taken shares with Ogden and Body IN the
Peninsula Railroad OF Michigan in 1868. but he did not
look upon tnat as '.operaon." He had very little
intercourse with Mr. Body; the Inter took stock
IN the Iron Cnn Mine Company, and at the re.
quest OF witness he put in large sum
there; witness aud is stu interested
IN this enterprise He does not remember borrowing
$50 600 from Body, tins city, In 1864, without
curly, and paying him five weeks aiterward without
interest," he does remember taking TO- 900 shares
some company Boodys request. Cannot recolcct
whether tho venture was profitable or a losing
lie docs not remember such company as the Now
York and Boston silver Lead Company IN ls64 nor OF
asking Boody to take shares Tor him. He has no re-
collection OF driving the Park with Ogden
and Young 1864, Of their suggesting tho taking of
controlling interest Gsleua stock neither does he
remember stopping at Union square that night;
but he recall generally that Mr.. Ogden was desir
ous that Northwestern should control Gacna, and told
him upon one occasion that lie (Mr. OGDEN taking
10 900 and wished TO limit his risk aud that he
lMr Tildcn) promised to take 900 OF these shares
was taking shares also or course the witness knew
that Mr. ogden told him the object OF buying them up
He thinks nothing was said abont Mr.. Booth.
Al this point of the proceedings the Court took
A REMARKABLE EVENT HAPPENS.
shortly be fore ihrcc o'clock the proceedings
resumed. Mr. Tilden had, doubtless, IN the meantime
received hint OF how things were progressing before
the Electoral Commission. His friends were unable 10
say a cheering rcassuring word to the Old man;
they had the contrary, probably ioreshadowed to
hin the nome ntous fact that oregon then about
10 DE counted Tor Hayes and consequently that the
hopes OF samuel j. Tildcn TO be President OF The
United States were blasted forever Like tho great
Greeley ne had maniuy struggled for the most
honorcd position IN the git of 42OOO,0OO
Of ireemcn, and like him had suffered de-
leai but in Tilden's case after fight
whose equal is unknown tho history OF Presidential
contests The heart OF that solitary old bachelor had
been set upon reaching the prouiest place IN the gut
Of his countrymen For II he had toJed years OF hard
toll and worked while the world slept, spending II re-
porls DO true money with lavish hand-moncy which
otherwise employed might have perhaps afforded him
more happiness could be had from welding all the
power ncidenta to the Chief Maestracy OF this coun.
Try. No wonder, then, that Mr.. fidcn when he us
looked at once careworn nervous and Ill at
ease, There was restless expression and
a look and manner about the man which actually
made the bysanders fear tina. his strong intellect and
Physically, TOO, the defeated candidate appeared 10
very little advantage Small and spare IN person, with
hncly shaped head OF well developed proportions,
the standard bearer of tue democracy presented In
himself remarkable example OF the triumph OF mind
over matter HIS giant mental cslibre contrasled IN
the most striking manner with his diminuve physical
proportions. His broad forehead was crowned by
adiur crop OF thin, dry hair; his prominent eyes,
which sometimes during the proceedings star
ing meaningless appearance, coupled with the well
known OF the nethor lip, lent him at times
aspect which If not occasionally relieved by flashes
huy hHpn na.
ridcdly sinister a remarkable TACT, let 1t be rcmem-
bered. was that while the old man successfully COM
batec the legal onslaught OF Mr. Hawkins, the Elcc-
tora Commission In Washington were destroying his
last chance the Presidency by awarding soon after
rival Governor Hayes; and Mr liden was fully aware
OF the great event which had just come iron the womb
Of Time.
THE EXAMINATION CONTINUED.
In reply TO questions put by Mr. Hawkins Mr.. Tilden
said IN substance The idea that he would enter pool.
or become partner such transaction as this inn
plies is not only utterly untrue but foreign 10 his very
nature The thing Is utterly false One thing that
confirms his distinct RECOLLECTION upon this point is the
nature Of the business. Witness did not understand
what he would receive by the trausaction he under
Stood that the dividend would be about i've per cent
He had been with Mr. Young but could not II he
lwitpess) rot the stock about the time OF giving The
check In making the check (for $le, Oool TO Young
the witness did not understand that TINS haa anything
10 do with Boody. Dcponent understood that the
stock which he might purchase would DO carried Tor
him I'LL June, period oil Two or three months. lie did
mi nav attention 10 the other stock Witness was
nre .sIv told that need not advance any money until
Inc transaction would be completed lie understood
that he was the s,ock and no one had any right
10 scll Il In hrs name. Ogden did not give witness 10
that the transaction was one IN the nature
AZ n pooI He spoke dcpopent about the thing as Il
IL had already been done -, -, .,,
the kuucklcs his right hand into The hollow Of the
eft went on In this way as u cllnching an argument
Witncss aid not know AT the time that Body was
managing the transaction. II the stock had been III
The hands OF deponen he would naturally keep an ac.
.n,n, nj ~ He understood That Body was the agent
=, raan Tho latter had no right to sell d-ponen s
.iock. If ogden sold any of that stock was al The
sutiou Of witness whether u should De ms tdePo-
Hsre Mr. Hawkins Interrupted the witness by put
inc a question which, II answered. wouu nave ny m-
pl'caton shown that Mr. Tiden knc" "0 ""' ens's'ns
In pool transaction.
The witness interrupted 1900,
81 am something OF aIawyer mysc'. No men VINO
ever knew me- 49,.
Mr. Hawkins--That Will 90.
Mr. Tiiden--fhat VIII do. .,.r.d 40 >, !.
The placid face OF Judge Sedgwick va" .c,anIs ns IN
y a