New-York tribune., 1886-02-13
JACOB SHARP UNDER FIRE.
HOW HIS LAWYERS cor THEIR FEES.
MORE BONDS ACCOUNTED FoR-MR RICHMOND
TELLS HOW He STOPPED THE LNDDY suir'

TELLS HOW He STOPPED THE LNDDf sUiI'
Those who listened to the Broadway Surface
Railroad investigation yesterday had plenty oil iiSh
and freedom in Room 49, me Of tho United States CIR
o1it Court rooms the Post Oiirc Bu lhnc' lhere
was as large an Attendance cJnd be crowded INTO the
spacious room and keencs interest followed the III
! oni-ition Jacob Sharp was witness Tor hehrS '"'
hours and was the h.ure OF greatest interest," III u P
cerdIngs He was armed with his miiK-Iar' which lie
kent under his chair and he met Mt Copklng b"ldly IN
a tbe fe;s and attacks which the eX-scnat"r maze IN
n strenuous endeav0r 10 pierce MT 0h"'
| ormor Those who witnessed the continued sFuIVIo
| were compelled TO admire Mr. SharPs SKIN "h'o
tbov we're equally pleased with Mr. Conkhng sc
assault; Mr. Siarp's temper rose two or thrfe 'im'S
vb,le Mr. Conkling preserved almost mperturhabio
demeanor Throughout the day The lawyer ana the VIII
ness were well matched and the struggle betwreh 'hr
WAS "A notable both for the acu'neh dlSpayru "h
both sides and tho promise of rich developments wmch
seemed to hang in the air ready FOR precipitation But
prerious little prec ptatOn there WAS. MT Sharp IT.
c,nned for some 400 more bonds than lie had before
remembered The examination OF James A Richmond
his prompt and his elean-cut expana'iohs o
all the kuotty points presented to hln created te -
precision that he was model witness MT CohA"n'
troi several times upon the Aldermanlc heel hu ne
brought down no Alderman. william II. M"loney and
John Keenan, came to she fore and Richard s. Newoombe
promised TO produce Mr. Mooney to-day
Mr. Negcombe who has all along been hnralded "a
the counsel appearing for the Aldermen, was rst caed
O witness chair, and lie was asked uchhlteS -!
Mr. Conkling to precisely what Aldermen or eN-
Aldermen he represented. Mr.. Newcombe first took
negative stand. lie lid not appear for hr Demp@ey'
Francis McCabe William H. Miller. but he dd repre-
sent some twelve Aldermen or aN-Alderneh' - 'heSo
Patrick Farley was one tie would produce MI Farley
when wanted; also ia nes Pearson. He did not Eno"
cx Alderman Ro;hman or represent Thomas shri'.
Ex District Attorney O'Byrne appeared for Mt shrls
Here came question from Mr.. Conkling which nier-
| e.tcd everybody: "po you know william H. ho!onoS'
tbr reader of the Common Council =
lido n you.want him Eve no doubt we can go, Ill"
! do yol want him ~
| Mr. C,ukrng-we do want him and we have been try
ing for hud him; We have been gong 10
| Mr Nrwconhc--You must have gone at an unfortn-
| nae hour lie shall appear however, rs soon as you
| want him When vii tnat bel - ,,
! Mr. Conkling-As soon as you can possibly get him
NJ Ncwcomhe-I can reach him ny messenger lie has
ali along been anxious to aprrar AMI testify NUT
send 10 his house eau hardly connect WIN nun W.
daY.
Mr. Nowconhc promised TO bring Mr. Moloncy In this
morning. The most hc knew OF John Keenan, was th't
h. was a, LaEewoo., " j., but MI New ombe was not
his sponsor 81 did not know that he was deeply lh-
eresied IN tins mattor. said the witness indu'renIy
But we deeply interested IN him ana NhOuu Ike
| to .c him." returned Mr. Conklin'
"rve 10 doubt he'll De glad to hear It," said Mr. Nc"-
| con be mildly he left the chair
| Mr. SHARP IAKrs rnE CHAIR
| Mr. sharp will you please take tho chair" said Mr..
! Conkug LOOKING at his shrewd-cyed competitor "Pp-
site Mr. sharp deposited has miiEbott.e aud hiN nat
under tue wiinesschar grasPed tue head OF his cAhr
and WAS All attention. All eyes were hNrd upon him.
| The first question "HOW nuchnow OF your STOCK
! have you parted with Z"
AN but ten sh,rrs. Iiave founi by hshins out th'
matter. parted with all OF 1t to tho seventh A'o"uo
road by agreement"
o-wnen was hiatt A.-Iast summer some time.
Q-Cu't you say more denuitclyi An June or
Q-was that agreement in wrtngi Al think II
o.To whom. did you give the share. directlyl A
Q"wnerri A-At the office Of scrbneT & Bright
q Who executed he agTrrWruti Al dh.
| Odd the sevrn:h Avenue mpauy ct"cnie W A.
No. there nothing for thrm TO execute was 'h
as-'snmcn, OF that scrip lnd mat was ON paper At
| tached to tn ), riP, believe.
Mr. sharp fumbed In his waistcoat pocket Tor some
,b,ngard then after searching moment in vain. -ad
s,.akiug OF that stock want 10 rectfy something. |
SEE ~ th- piers report that said thnt th't
Sir, Comsnne-i made a note Of that. too, and ven
come to that presently Wnnt amount "i no hr,t ,nnr
gas p's Tnree .cvrnty.ayo Toe pr,nc;pa
O-Iou DOM mean to say that rhe Broadwnl stock
vss Of no vaIuc Al mean {" say oi no grrht sA'u'
o-who guaranteed tho second MORTGAGE bonds A.
o-werr thr bonds guaranteed or only the Interest !
i dout know how mat a. g.. ,,,.ro.,
Q.-wo vii 's,uue. As Tact mt "hy @ ,ne ,"'r'os =
| vss guaranteed. When 30 the bonds mature Al
&C" O. 1we It l. ia 1925. the bonds worth as much
ns tnry well the int-rost w~r" ruhra"redI A
property ana the seventh Avenue 70 ii ha- r 81 in
property the seventh Avrnu" r"ai would ouy IN 'h'
| nuuis IN case OF any threatened 10 ecl"sure-
Mr. Sh,rp said that dd coaduc tn negotiations
between the two companies he was only one of th'
thirteen directors The agreement between tho three
corporations made In May, 1854 vi. shhrp hhh"'u
In hi. contract for the and casting Tor the sur
face road and said that he had another correction 70
make. The cure- and castings had cost - 40 ioo'
instead OF 4 cents, a. he had sAih
Mr. Conklng-GIave you lst nf corrections when you
woud Ike To- make ! Al have 1ne more To MAKE
This referred to the exact amount OF hs deposits u
the .nmmcr Of ss5 at the broadway Bank. Mr. CJnk-
lag suavry asked Nj. sharp ~ he had read over All o.
mis- printed testimony and had made all the corroct"hs
he wanted to- Mr. snarp had read over only the hr'
mart OF his testimony ne said The total amount OF III
d.po.its at the Broadway Bank IN July 1888 he footed
up rom his pass-book to be S9i3,7ss 90 TINS was som
$50 900 lcss than he had ngured before
Mr. consins-Is II true. then. thit from June 10
1855. to July 20. you deposited S9437s5 % In ina
, bank I
Mr. sharp studied his passbook and replied bluntly
mo There was a rebate of $40 Tho exact amour
was S0I3,6lS."
Mr. Conkling turned Mr. sharps contract with
the Surface Company for building and equlPpinE lu
road in which one OF the clauses " lie VIII also
pay all the expenses incident to building the ROAD IN
contract was good for eighteen months from Jny 1884
Passing thence Mr. Couklng turned TO the bond question
again.
o-on the maturity OF the second bonds Of the Suria"
q | road, whose lHtfcst doHe ~
road must have IA capital OF Sl,OOO.OOO to pay them
, A-Csrtnlnly, " the Surface road pays them
| O-Thrso bonds would stand against whatever thet
was left OF that $3452.0OO which the ROAD cost
xonIdn't III Al don't know what you mean.
y | O-To 90 back: Wht was tho hrst mortgage
81 500 600 fort A-FOr building aDd equlppIhg III
road ana pa wing the whole expense.
O.-What WAS the second one OF 81 ,OOOOOO Tor A
To BUY up the stage routes and other expensoA
HE DISCOVERS AN ERROR
Mr. Sharp had idea strike him at this Juncture an
he declared desired TO make another correction
Ua had beep holding "A private seance up his hous
with his bonds and had found IN his possession d
bonds OF 81 900 each instead OF only 200. as he ha
sworn before that believed he had. There was
general murmur OF surprise rs Mr. CoDking appeared
be struck with erwhelming sense OF somethin
ana said IN that mildly persuasive gently remonstrat
= i've and penitently incrsduous way which has char