New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-06-02
TELEGRAPHIC LITIGATION.
UP vANnERRnT AS A WITNESS.

Mr.. VANDERBILT AS A WITNESS.
MS TESTIMONY IN MR.. wIILIAMss sUIT-CoNYER-
sATIoNs WITH Mr.. COMPLEMENTARY OF THE
COMPANIES PROMOTED BY THE CONSOLIDATION
THE DIRECT CABLE CoMPANY's SUIT.
William Ii. Vanderbilt was examined yester-
day before Judge Tax in the Superior court In behalf
Of the plaintiff in the suit Of william Williams against
the Western Union Telegraph Company. Mr. Vanderbilt
was absent In Europe at the time Of the trial. and
the originally submitted without his testimony
Robert sewell conducted the examination for Mr. Will
Jams and asked Mr Vanderbilt whether he had my
versatOn with Mr. Gould any business connected
with telegraph stock previous to the conversation the
morning OF January o. spoken Of by Mr. Gould IN his
testimony
Mr. Vanderbit-I had a number OF interviews with Mr..
Gould after my from Europe about November /.
1880; from that time unt January o. 1881, and some
weeks thereafter / had number OF interviews with
him in regard 10 railroad matters and matters
connected with the Wabash Road. and on
sne occasion the subject OF telcgrapbidg came up
Nothing was said about the stock. and declare can't
remember what was said. II Was about the company.
The conversation lasted long time
Mr. sewcll-Dd what said have any effect npon
your mind respect the value OF stock in the
Western Union Company
No sir"
Did you sc large amount OF stock shortly after the
mectngr
Yes. sir Some two or three weeks after that had
versa,oh was whether something could not be done to
adjust the difficulty between these two companies.
don't you to understand that the result Of that
conversation the cause OF my selling that stock
While I was I'm Europe | had my usual amount
Of siock-not n very large amount / bad held
It for a long time investment. heard
Of an effort being made to get the control Of the
Western Union Telegraph Company's stock aud tee-
graphcd Ia somebody and bought large amount more
of stock-a larger than would have held under
any circumstances-and after my return and my
ycr-ation with Mr. Gould should have sold probably,
the election took place In the latter part OF Oc-
tocr. should probably have sold the amount OF stock
down 10 my reasonable Investment. whether had
yersaton with Mr. Could q not. That explains that"
At the time you had the conversation ON Sunday
morning did you any considerable amount OF stock
lett ,"
"Oh. ycs-ye-. sir. had sold large amount, but
still lad what people would call large amount"
How did you come tO write note To Mr.. Gon,d and
ask him to come 10 your house that sunday morning e.
"W IN the money lot the proceeds of my stock
bought, among other things. 1000 shares Of
Union Pac.h stock. Mr.. Dillon knew | was
very large holder Of that stock. and he came
to see me several times when weaked over Pacific mat
ter. lie came 10 me day or We before thit 9u-
day ana something dlopped by him IN the course
The conversation. judged II Wa Foof time to ne,
cnatr a element 81 The telegraph difficulty when
Mr. Gouid, told him thrrc hid btth great prs
brought upon m, that had sold my very large m
icr,,i. and told hin there good deal OF unch~l-
about u that The year i"rc Inc COMPANY had Que
million dollars surplus, aud that at that time
the surplus wu- about gone and the Stockholders
were getting very Uneasy and had good many ieO-
ule coming aud discussing with M abp't tie matter
both IN the board and out and of course "as anAioi.
that thr people should not get tue impression that did
take any interest IN the matter iow. HEY supired
that had lees than really bad hut they conSil-
cred nomnaiy out Of II, and II anything coulu bt
dom. benefit ~ The concern. the -to' khodrs or
any hing ~ the KIND, was perfectly WHINE To do H.
.ld of wish to ryad rcspOu ity. but Ia take
ull share OF anything that c"ld be- done. tod Mr.;
tunld Among other tllugr oi the lcttc had received
from Mr. Hatch and he said that he Lad not ala! con
lie said thai Mr. Hatch had not controlling inter
es,r
That he had nor that II was true what Mr. Hatch
had written. asked him what Wa the trflhg aiionS
his people whthrr thought that the matter could Ice
adjusted between the TWO companies aud hr said la!
hc concerned he Nas an Nl"u~ that should
! hc said L. him. VIII communicate win my people
the Western Union tonight, and toinOrow VIII
L. ,ou hear ruul ne aud n you VIII put yourrrt IN
communication with people, We will see n We can
bring meeting oi the representatives. O the
company aud ans thing can be dour. lhat Is about
| the end of n, aud hr W. nj away
Sir Yindrrut said hr L.o no intention ~ the time 81
the conference with Hr Could oi retiring from thr
-aI that hi- ln-ia~, Mr. I"nhli, Resigned because
De- tMr Vanderbilt had plenty I0r ~ 10 "a" III NJ own
| private business Hc said that MT Bdrl'tr Resigned
wituout h- know" Isr pOh cI"'-'A il"n Nj
vanderbilt that r had urtrd la good iath ia effect
Ink tue consolidation OF ~" telegraph rohahr, hi De
I.At then That tho utrr'r's ol the '"hPa'S """' "
prou. ted by 10.
a M fL, N.ftls and Itinc Telegraph Company AMI
nfi.,r- 90 the brought by tn Direct n'd states
tt, COMPANY =" pr-rrNr H. il-Hi- uh4'' i' l' 'l'
tr4rlb Capitalization. N'ri'rlht h'd lie ahs"''' ~ "'
med static tir,rIt Court, 90 the r'aucdrd u. o. t"
tu.. omtrtuN. lut answer admits tue Incorporation
81 the various conpaui'- involved and AVER HAT the
defendant Lac uo tuM.tdIc nl lh"i ha th Ni'!'l' ="
i"im ~ri - %" 81 d" the "th' "I''-"tl"h ~ t.'
ooialuIuf. The ' tHaaht asks thai ih' '"lr'Ht may
o., u-uI-~l " Wi'h 80 costs III ILLS DcIAI most uh-
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