New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-02-28
LOCAL MISCELLANY.
rur rp1A1 ms GEoRGE LANES RICE.

THE TRIAL Ot JhhtS N.Y.
THE QUESTION As TO TnE LEGAL kxisrkNoh VI
TIr RAILWAY COMPANY STILL PENDING.
Tho ,rial Of George j. Rice formerly president OF
fhe Utica Ithaca and Elmira Railway company
who is charged with having Illegally pleISeu
tain stock o. the company. Vas eonnaa"'TT ermner
Judge barrett at the opening Of the Court sala
that he should allow the tria 60 80 on atuouSn nc
did not formally decide the motion ronnS ,bat he
railway company never had AT! rkppi rlaai
aud that therefore the stock wnon h,oe p,ruse'
ard raised money on was not stock, on! on'y pre-
.sn"ea Mr. Cleveland for the prosecution
read an AFFIDAVIT made by Rice or March 10, lssd
Franklin &. Cornell 90 foreciose MORTGAGE issued
by the company upon the runs OF when me '9nl-
many whose stock Rice pledged WINS founded. Inc
object of the affidavit was TO show hat The com.
pany whose existence is now QUESTIONED was
legally organized. The affidavit showed thal ie,,
ESQ shares OF the old COMPANY stood IN the nas 3I
Rice tor the benefit OF its owners. Henry King "
Co. OF London. Ii was also stSSeu INV
King a. Co. had some time before s taus
feIryd their beneficial interest In tue STOCK.
deposition made by Rice in August leS-, M
suit against the new company was also read hSe
testified that ne naa osG W" and thai ON April
30 1881, on the request of the attorney Tor pahs
& jenkins 10 whom King Il Co. had transferred
ia.6sO shares OF stock in the pew company. OF
which 500 shares were issued in his name aud the
rest in the name of Dank & Jenkins; A..
Eugene nclmar then testified that ne was tne us
count clerk Of the Third National BANK. In no
vember, 1881. the prisoner had Two no1 Is n nnn
counted at The bank, one IN nus na for - 600
As security for the notes 10000 shares OF the soek
of the railway company were LEFT with the osnk'
Charles III. Tweed said that he had acted as conn-
sci for King a Co. in a suit brought against the
railway company. A few DAYS after ne ,rsrneu o,
the pledge of stock by Rice with The third Nstl"na.
Bank he went 10 the bank and paid ON account
of his clients Sl00S0 and received certificates Tor
10000 sharcs of the railway companye Stock. me
orasi,icnt and several clerks of the third Natonal
HANK testified 20 the loan Rice ON the security OF
the stock IN question. The triai VIII DC e"n""ueu
to-day. an. -. !. .h.
suthor OF "Glnx's Baby
FNCRoACHMENrs ON THE ERIE CANAL
Ex-Judse w. II. AruOax. Congress %an,eisc' DAT
Miller and Thomas White, the Canal committee OF
the Board of Trade and Transportation, met YES
tcriay TO take action AGAINST tn. permissioO EN-
Iy The Canal Beard TO the New-lork, West Shore
and Buffalo Railroad 10 occupy q portion OF the
canal lands A letter from Attorney-GenerA, Nus
self in reply e. request for information Tor the as,
snmed authority to grant such permission was read
by Mir Miller. Mr.. Russell states that he Enewsoi
no disposition Of anv portion OF the csnaI lsnu> o'
the State 10 the company contrary 10 the PROVISIONS
of the Constitution. and that the only occupation
ey the company of any portion OF the lands when
is tolerated or allowed is In case OF permit
rraute.i by the Superintendent of Public Works
nnder the authority vested IN nm. ne ATTORNEY
snx time Mr.. Miller said that he understood that
about forty miles Of the canal was being thus used
and that II the right 10 dispose OF any portion
of the canal OF It's property was vested m Tue su-
perint-ndent OF Public Works (which he de-
nedl there could be nothing 10 prevent the surren-
der 81 the entlr canal at hn option. - -.
A long discussion followed. IN the course OF
which Mr.. Snow took exceptions 10 tue strong ops
position 10 the railroad manifested adding:
Soa't wish you Young men to become socialists anu
interfere with vested r1sh's 800
All. that is the question: quickly responded MI;
Aronnx 1.-The railroad has interfered with vested
rights You forget the vested rights OF the people
III 10 precisely the same way that the Brooklyn
Bridge has been constructed and vested VITA nights
contrary 70 law. AMI plea for mercy then entered
because Of the amount OF money that has been ex-
pended" ,
Legislature 70 take action but they were deferred
uniil further communication could be had with the
Attorney. General -