New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-10-14

In addition to the above though amounts were not
stated appeared rho Of H. A. IIutchngs signed
by o. H. Payne William c. whitney by Fl. +. DIncck
attorney and W. T. Hatch Sons Mr.. Morgan stated
that the meeting the yacht had whatever
Shore Here Mr. Cassidy requested the witness
state the rotations Mr. Vanderbilt the West shore
but under instructions OF his counsel, Nh Bultt he 10
cined to any questions the sub Get OF that
road.
An Endorsement on the original copy Of the agreement
stated that Mr. Robert's signature attached I'm the
presence Francis L. StesOn at Saratoga August %
1885, which reference the calendar WAS
found to have fallen on sunday on the
2ith John T. Green, one OF the vice
presidents OF the Pennsylvania Railroad Company called
upon Mr. Morgan at the Office Of the latter in this city
with from Mr. Thaw, of tho Pemsy lvania Com.
pany, and s. 100000 OF the Bedford and Bridgeport
bonds For these Mr.. Morgan gave his receipt It hay
Ing TRANSFERRED In tho course OF the testimony that the
original paper containing the Of the Subscribers
agreeing TO the proposition had not at that time been
signed and that In fact the paper really pre-
pared until in September. Mr. snodgrass asked the
witness why he had received the bonds Mr. Morgan
replied that did because he had been assured by
Mr. Twombly that the go per cent OF subscriptions
csary effect the transfer would be secured lie stated
further that he had consulted counsel the valid
ty Of tho bonds until after the injunction suit in
stituted.
Counsel-why did you take an indemnity from the
Pennsylvania Company A-Beca1se the SUBJ
-cribers required TO guarantee that tho parties
would not call ON them for any more money act
ing for the Pennsylvania Company at their request
bought from the South Pennsylvania and sold 10 tho
Pennsylvania. As had TO give guarantee / required
In return. The entire amount OF the South Penn
Sylyania subscription as understand It, Is 81 900
Counscl-Ths proposition OF Mr. Roberts requires
you deliver all tho capital stock OF the American Con-
structiOn Company, what have you done IN respect to
securing thatl AIhat in with the general pur-
chase.
Q-War not that separate corporation Al do not
know Mr. IWOHhly has TO give IL to me.
Q.-What have you FOR believing that Mr..
TwOmbiy controls that stocki A.B>eause ne told me.
Mr.. Morgan's attention was next called to a clause
providing for the resignation of the officers OF the
panes purchased and asked whether he knew that
such designations had been secured e replied that
the transactions were not yet closed. Mr.. Cassidy
wanted to know whether In fact there had
attempt to hastily close tho business August ~
Tho Witness replied that such not the case, and
further that he aid not hear OF the movement TO restrain
until the 10Th 20. At this pointiMr Cassidy demanded
the privilege OF inspecting the bonds. Mr. Bultt went
the entire 5000 900. These were hftySiX In number
OF the denomination OF 600 each. per deben
lures, dated October l. 1883, payable October !,
1884, signed by John i. Green, president and Albert
ewson, secretary OF the Bedford and Bridgeport Rail-
road Company. An Endorsement states that the deben
lures oxohangeable for an engraved original at the
option OF the owner for 100 engraved original dohen
lures OF like form and OF the denomination OF 81 900
each They registered IN tho name OF j. PierpOnt
Morgan and bear also an Endorsed guarantee for prlnci
pal and interest by the Pennsylvania Railroad Company.
! No other witness, examined, and the hearing
| adjourned TO Philadelphia tomorrow ChRuncey NJ.
Depew, president OF the Now York Ceetra present