New-York tribune., 1883-12-12
JAY GOULD'S TESTIMONY
MORE ABOUT THE ELEVATED ROADS


early hour An additional element of interest in the pro-
ceedngs furnished in the anxiety OF the spectators
whether G. p. Morosni to be imprisoned ON
the order Judge Van Brunt for not producing books
OF W. L. Connor Co. showing transactions in elevated
railroad stock from May to December /, 1881 Mr.
MorosIni was on hand but Judge Van Brunt gave no
decision the whole matter going until this morning
by the consent OF the counsel.
Cyrus W. Field first called to the stand. He re-
erated HIS belief that the agreements Of October 1884,
were the sole means OF saving the Manhattan Company
from ruin.
MR. GOULD RECALLED.
Jay Gould was then recalled. He gave his testimony
in so low that only the counsel and others near
him could hear bis words Mr.. Carter began his
ination OF Mr.. Gould promptly, as follows:
Mr. Carter-Mr Gould, yOu have given your views in
your former testimony relative to Mr. Knoeanis opin-
Opnionl
willing to have the Metropolitan rents predicated upon
the earnings of its road lie always took the gOund
that that road earned the most.
Mr. Carter-I will now call your attention to this
affidavit I'm reference the proposition that the New
York Company first was TO have per cent cumulative
the Metropolitan next to have per cent If earned in
any ycar-and the Manhattan Company to have
per cent with the surplus be divided equally among
The three companies. Do you remember that, MIR.
Gouldl -
conversation both plans were talked Of
Mr. Carter tshowing the paper)-Do you recolee that
Mr. Gonld-Yes, sir; do .,,. ., ,.,. ,o,o,a+ t,,.
Mr. Carter-Was that according to your beIet at that
Mr. Gould-Yes, SIR twas.
Mr. Carter-Qu!te near the time OF these occurrences
Mr. GOuld-Yes. sir.
Mr. Carter-Which is the most likely to be rght-that
or your present statement
Mr. Gould-T think that both right.
Mr.. Carter-But the affidavit is nearest the time.is
It not and more probably correct
Mr.. Gould-I think they are both correct
Mr.. CarterIn refence to the Si30Oo0Oo clause OF ns
Manhattan Company: Did you begin the purchase OK
Manhattan stock after hearing of the existence OF the
Mr.. Goud-I cannot say that positively.
Mr. Carter-Let me refer TO the I1yestigating COM
stock after the existence Of no claim became known
Mr. Gond@I do not remember it now. suppose it's
substantially correct
Mr.. Carter, smoothly and blandly IL that was Your
testimony, II is now likely to De cOnectl
Mr. Carter-Your testimony bfore the Investigating
Committee shows that you purchased 10000 shares ot
Manhattan stock prior 10 October ~, 1851 10 you
remember the statement MT. Gould
Mr. Carter-Tt appears that what stock stood in your
name on October 8 was sto;k that you owned
Mr.. Goud-I owned 1t when swore before the n
vesugatng Committee. did not own II az the time mo
books were closed There were 10000 shares standing
in my NAME II. 800 OF which owned The balance was
borrowed. On October 22 | owned the whole 1000
shares that were put I'm my name October S Mhat
swore to before the Investigating Committee was thas
owned 10000 shares at that time
TIE cRoss-EXAMINATIoS.
David Dudley Field took up the cross-examnation as
this point Mr. Gould merely turned his eyes from Nr.
qANo''VAi' A.
importurbable manner As before.
Mr. Ficld-Mr Gould, were you present at the meeting
Of the Metropolitan Board OF Directors on octoDer -
when Mr. Stout is recorded as having voted aye =
Mr. Field DO You remember hearing him vote
Mr.. Gould-I do
Mr. Field-What did he vote
Friday last that he had voted no and that the minutes
Mr.. Ficld-Are you sure Of that !
NIr. Could am. remember distinctly that there
only one vote in the negative ana that was Mf.
Knccaud-. The ayes and noes were called ana every
person required tO vote. ,,
Mr.. Field DO you remember conversation about Nr.
Mr. Gond-Yes, sir Mr.. stout remained back, just as
we going OF the room, and he had conversation
Sir. Fied5Dd YOU know Of any practicable method OF
raising money to relieve the Manhattan Company
Mr.. GOud-NO, sir; did not. ,, ,,..,..
Mr.. Ficd-Was any proposition made by Mr.. Kneeland
Mr.. Goad-No. sir. not that know Of.
Mr.. Firi-Dd MI Kueeand ever visit you at your
house In respect TO these difficulties ou Va r-o-
block OF Metropoitan stock He said that settlement
was going 10 nut up Manhattan very much. asked him
what his ideas told him would Ike 70 make an
OF Manhattan for one OF Metropolitan. declined the
propositions He wanted To make Metropolitan 10 and
about and Manhattan at abo-t 30. Nothing was said
about the amount OF shares to be eXGhsed'
Mr. Huntington invited me to go to MS mousse ateIwu
5 3 ee mere MI pTescSy Mr. Sage and Mr. Field came in
There must have been twenty or thirty meetings oeIOpe
drawn up, but never signed. Mr. kneeland refused 10
agree to It.. ,,,- -. =. ,..,.
Manhattan Company income bonds at 90 per cent was
:, Mr. Si'r. Goald~No, sir. think not
Mr. Carter-Do you remember, Mr.. Gould, that Mr..
Mr. Gonld-Ycs, sir remember hearing every
Mr. CarIcr-Did surprise you hear Mr. Stout vote
" aye" and Mr. Knrcand no \
Mr. GOuld-No sir.
MR.. GOULD AND TIE WORLD.
Mr. Carter then shifted his questions into new field,
approaching Mr. Gould in the suavc tentative way
which had characterized his attack throughout
Mr. Carter-n November, 1881, did you own The Ae'0-
York World newspaper ,.
Mr.. Cmter-lf he owned that paper he may 20 90
chargeable with of the articles which appeared III
it. 1t is most important fact II Mr. Gould was Stsu
mental having published some OF the articles Ia gnas
paper which relate TO the subject oI ths slt, INC imo
articles tended to affect the stock Of the Manhattan Oo
pany. -, ,,.,
Mr. Carter-what connection, Mr.. Gould. did you
have with The Ne-lok World in 1851 prior 10 oe'ooer
MIR Eyarts-we object to that, also.
Judge Van Brunt-I ALLOW It,
Mr. Eyarts-I supposed that this was the same 4ues-
Judge Van Brunt-It is very different one. ] do not
World we're understand that certain articles are TO DO
produced and II any relation between Mr.. Gould and
Lin responsible then he is TO be 80 treated -, IL,
Mr.. Eymts-This Is private matter, and 1t VIII only
Judge Van Brunt-We have to take the statementsot Oh
the counsel that the pcrtinency will be shown Iao
Court of Appeals sdecdod the matter In the case OF @
Times. In the suit against George Jones. IL heu nun
personally responsible on tho ground that his cohnec
with thcpaprr was such that nothing could appear III"
except with his consent. allow the question -,
Mr. Carter-What was your connection with me hW'T
Mr.. Could prior to October %, 1881
Mr. Gould / had no connection with IT,
Mr. Carer-Did you have no interest IN 1t
Mr. Eyarts-We object. . -, 4. ,ba
Judge V1n Brunt-I sustain the objection 10 '"'
question as asked. - ..s.oa
Mr. Cartcr-Was the ownership OF that properly NcS0'
I'm any corporation Z ,...,,, than
Mr. GOuld-I couldn't say. 1t Is my impression h lIa'
there was n corporation. / could not say pOsiV'e|'
| never was officer IN IL and do not know
Mr. Cartcr-Did you OWE any stock IN IL
Mr.. Eyarts-l object
Judge Van Brunt-Granted -, 80, b,J
Mr.. Carter-Mr Gould, prior 70 Octobcr - 1881 N"-
IN, ne Nom York