New-York tribune., 1886-04-08
RAILROAD INTER RESTS.
THE NEW ENGLAND BOND CASE.
MEMBERS OF THE MASSACHUSETTS COUNCIL TX
PLAINIS6 THE sALF.

MEMBERS OF THE MASSACHUSETTS COUNCIL TX
PLAINIS0 THE SALE.
BosToN, April THE hearing in the New
York and New-England bond sale investigation was
continued this morning and ex-Councor Zenas Crane,
jr, OF Dalton, Berkshire County. first called. He
said first OF the proposed sale Of the bonds
September. 1884 He never talked Of any one outside
Of the Council about It. lie the Council when
the bids were rejected but at the meeting on the
evening OF November le, when the BIDS we're opened.
When he left his vote with the Governor he had heard
nothing said against particular persona: no names
OF bidders mentioned To Attorney General sner-
man. the witness said, that the night OF Novem-
Der 19, Cobb told Governor Robinson that his prin
cipals Boston men Charles A. Yialle, president
OF the National Bank OF the Republic and CONNECTED
with the which owned rolling stock Of the
NewYork and New road, testified In regard to
scaling the interest He said It stated that fore
closure would be Inevitable unless arrangement
made by the Car Trust.
Ex-Councillor Patrick Masuire said that he voted to
reject Mr. Fields lid because he not satisfied that
the States interests would be protected He never knew
Mr.. Clarke any OF the Boston syndicate until TINS
matter up He did not believe would be safe to
trust the road in the hands OF Messra Field and
Sage He said that Governor Robinson was
particular to inquire whether the principals
Of Messrs. Cobb and Clarke Boston mon.
Tho first night Cobb gave them understand that his
principals were Boston men. Tho next night he SAID
they New-Yor Cobb asked u his princi.
pals would take preferred stock and he said no coud no
tell until he saw them In the morning.
Henry f. Cobb was then called. He had JUST como in
from the West at Mr. stackpoles request He was the
senior member OF the firm OF Brewster Cobb q Esta:
brook which bid for Messrs. Peld and Sage. He told
the circumstances Of putting n his BID lie dd gnder
instructions from Edward Sweet h Co., OF New-fork,
and UNDERWOOD that Lee and OF Boston, were
Interested In the matter. That afternoon he was re-
Quested to visit the State House Governor Robinson
asked who his principals were and he declined 70
give their names until authorized. The next
day he was authorized to reveal the
names Of Messrs. Field and sase.
He was not authorized TO say whether or not they
would take preferred stock Witness said that at no
time did he tell the Governor aud Council that Rls
principals Boston men. On the second day he
asked what conditions would attend the sale OF the
bonds but received only an evasive answer.
EX-Counclllor Locke corrOborated the statements
made by Mr. Clarke to the remarks OF Mr. Field at the
directors meeting Mr. Clarke repeated TO the Council
the OF Mr. Field TO the creditors out 80
he could make money, and that the road had been
well managed that the creditors would have to be
paid In full. lie did not know any except Henry L.
Hggnson outside OF the seeking the bonds VINO
said thing hostile the NewYOrk syndicate Inc
witness further went the ground In relation TO the
prefer ed stock covered by the previous witness.