New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-05-07

eral Of Judge wesbrooks hearings were held lie sald
with regard to the adjoining room, which oears jay
Mr. Gould in It and that the latter had often ure u TOT
the purposes Of an office The witness osv afer the
appointment of the Manhattan receivers In TINS ietr
the Judge commented the magnitude OF the rusl IN
the care OF the witness instructed him to cut down All
needless expenses OF the company and impressed upon
him the Importance OF faithfully dschargng his duties
acting IN the right according TO the divine ugn gwen "
him to see IL.
TESTIMONY OF JAY GOULD
There was a cr .ang OF necks and an eager opening oi
ears on the part OF both committeeman and spectators
whom Chairman Poucber called Mr.. Gould 10 the wit
ness4tand Mr. Gould gave his testimony in low voice
and with subdued manner that indicated nothing pus
mental repose. He plainly dressed IN BLACK out MS
face looked somewhat carewOrn and weary. de was
subjected TO no cross-examinaton by the counsel for
Messrs. westbrook and Ward.
Mr.. Gould said that in September, 1891. he had
bought a considerable amount Of Metropolitan stock
about 800 shares When he elected director In
the Metropolitan in July. 1881, he not connected
with the Manhattan Company. He could not TX the
dates exactly OF his purchases OF the elevated railroad
stock. He thought IL in September and October
prior the compromise Of October Do that he bought
most of the Manhattan stock. His purchase amounted
to about 10000 shares He first bought New
York Elevated stock but netting indications
Of coming litigation between the three companies he
thought he would take interest in all of them 30 ~
TO " come ont square" whichever way the litigation
ended. The Manhattan stock that be bought in sepem
Der cost, him between 80 and 40 lie paid NJ NJ:
October agreement. About that time he had 100000
invested in Manhattan and 100000 in the New-1orK
and the Metropolitan stocks
Ny theory" added Mr.. Goud. was that whichever
side won would have the same interest at stake
The witness thought that he did not know 81 the at
plcation ,oT the Issue 81 Manhattan receivers ceruh
fafter II had been made bat before had been
acted upon. At that time he thought the Manhattan
Mr. Steison-what occurred to change your views on
Mr. Gouid-G haze already explained my theory Of
action / value Ina all 81 these elevated railroad
properties. thought il well 20 carry some apples IN
each basket. subsequently discovered that the Man
haitian stock was NOT tuAy pald mp IL was ap
parent that in the end some settlement wbnld
nave 70 be made by the companies
There was a force in the claim OF the Manhattan for the
payment Of it, stock that would compel IT, didn't care
about the legal decisions saw value IN these proper
ties, whoever owned them-whether they were owned
by the NcWloI. or the Metropolitan, or the Manhat
tan. else the three companies together.
And you expected decision against the New-fork
Com panJ lie sult 10 get back its road T.
Il was thunders-ruck when The decision came deny
lng the motion ofFhat company"
Regarding Lls connection win inc Arm OF W. l. ION
n Co. special partner, MI Gould .ad A. spe-
cial partner I take good care 10 not know what l
5ir Col.d flr Ter testified that : r. Kneeland first
informed OF the claim OF the Manhattan FOR payment
OF its stock against the lessor companies lie took
no advice on the subject: he didn't need II his own
that he found NJ. kuerand was wrong IN assert
in that the Manhattan 1ad no claim against the Metro
Aficr Nr. ,tetson had closed the examination Mr..
Gould said that he q, sre o make personal exp ana
ton rcgAring me room IN The Western Union Building
In Response TAX IN the newspaper His testl-
mOny this point agreed with that gwen by General
Swayue last saturday Mr. Gould denied that be had
ever occupied the room ltlcrLed 10 As hls oHiS II
drew diagram all the Offices on the second ioor OF
the western Union Building II was marked as an eE-
f. l.. West0rook testified to his appointment as
referee 10 pas, the receivers accounts without de-
Veopng any iacts not already known.