New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-11-20
MIR. BRICE LAID THE PLAN.
HE TELLS HOW TRUsT-FUNDs ARE RAISED
STARTLING TESTIMONY IN THE GoULDsENEY
cAsE-LARGE SUNS JoTTED DOWN ON
THE BACK OF AN ENVELOPE


THE BACK OF AN ENVELOPE
Calvin s. Brice. late chairman Of the Democratic
National Campaign Committee, added considerable
degree Of interest yesterday TO the continued hearing
of the case Of David II. Gould against George l..
Seney and others for accounting OF trustiunu
of eS, Oo0, 900. Mr. Brico practically the origr
nator OF the plan TO consolidate the Richmond ana
Allegheny, Atlantic and Northwestern, and Ohio
Central Railroads into a great trunk-line, and his
testimony went to show how such affairs arc managed
with grace and efficiency. The plaintiff claims that
he and other stockholders Of the three roads were
inveiged into subscribing 10 the fund necessary 10
fulfil the plan and that they lost their money by
. misappropriaton Of the funds thus raised "heh
Judge O'Brien took the bench in Special Term, el-
preme Court Part l. yesterday, the opposing counsei
we're ready for the fray, o. p. Buel and Grove mar
wood grave and serious, on the left side OF the
counsel table. and ex-Judge Ashber Grcen' ). b.
simpson and Thomas Thacher exchanging sarcastic
smiles on the right.
The first witness called by the complainant was
George Buckingham, another Of the subscribers 10
the fund He declared that, before SUBSCRIBING ne
had called on Mr.. Seney and other managers OF
the great pool, and had asked for information. lie
had been told that the money raised was to be
used for constructing road from the western
terminus of the Atlantic and Northwestern road 10
the eastern terminus Of the Richmond and Aheghany'
He had not been told, however. that OF the So'ooo
600 raised 81 $50 900 was to be lent to the kchmoha
and Allegheny and 100000 to the Ohio Central
Mr. Crane, paper manufacturer, was next caiied'
and gave some startling information. The document
IN evidence for the defendants, which purported 10
be an agreement for consolidation, drawn In ioSi
providing for the loans to tho Richmond anu A.o
ebany and tho Ohio Central from the construction
fund, shown to him p,
1882 ,..n
done In 1887 A.-No, sir.
o-How can you tell when the paper was maoo
A-From the watermark 1882
The witness held a sheet up 70 the nsn'' revealing
distinctly the date VII M
Tbe defendants called Calvin s. Brce. His ILL
success IN campaign management did not seem to
h.ve worried him out Of good health and be TOOK
tha stand with almost youthful alacrity. His man.
ner was cool, and his answers were clear and dis
tinct "A
,dstion funda'
al was.s .
aDid you have any connection WIN 'no 0rsr
nation Of the scheme?'
Ct had was directed by the board OF tho pro
~osed consolidated road as to what replies snould
make to those inquiring about the scheme"
ayou always consulted those gentlemen before
acting did your
ayes, SIR"
consolidation p
at was held in ". H Barnums room IN the Fifth
Avenue Hotel There were present General IhoTnas
Ewing H. c. Parsons, J. ?. Eells, F. o. French Cen
era Barnun, several other Ohio Central STOCKHOLDERS
and myself formulated the scheme, which had
been talked Of for some time. ! then wrote on the
hack of an envelope: Cash. S5,ooOoOo; opposite.
wrote. First mortgage bonds 81 100000; income
bonds 100000; stock, S5,0000O0' Below
wrote, Ser Ohio Central treasury, s5oo'ooo; for
Richmond and Allegheny treasury, Sl2oooOo' lor
Atlantic and Northwestern treasury S2ooooo' lor
Construction Of River Division. S3,OOOOOo' Inc
general scheme as made out that piece OF paper
was unanimously agreed TO, and the meeting DroKe up
Between the time Of that meeting and the ISL OF
July 1881 all the gentlemen were busy about the
matter and many meetings were held BY the middle
OF June the railroads had all held meetings. and then
calls were made and the collection OF the sub
scrlption fund began
sWbat was done with the money when 1t had been
paid inf"
ain a general way
IL object. interrupted Mr.. HARDWOOD. The books
will show how 1t was expended"
"wen, resumed Mr. Brice, the money was piaceo
in the Metropolitan Bank"
"who the committee appointed 10 controi the
trust % asked Mr. Green.
sNo committee was appointed in formal way
Messrs Teney and shethar assumed the duties OF
committee when IL was necessary TIC sign conu'''s
named them
Mr. Bull now began the cross-examination Of the
Witness
aMr Bricen he said, what interest had you IN the
Ohio Central before the consolidation ~
about 1000 shares of stock and 100000 in
bonds"
How much did you subscribe to the funda'
ITO the full amount Of the 1000 shares was en-
titled to- and in addition bought privileges OF other
stockholders to the amount Of 200 to 1900 shares
rrf1 he h.
ruptcyi'
u sold some Of my certificates. while others held
to the end"
~were you interested in any Of the contracts for
building the connecting liner
After considerable objection by Judge Green, and
One Of the contracts for the construction was a.
awarded to the Potomac Construction g Company Vi
Did you know Ex-Governor Foster, Of Ohio?'
oa yS1 socR o n Before that stock was
exchanged for Ohio Central Railroad securities :"
In the coal company before It was called the Ohio
Central We sold i to i9r sSe sd s1a
o hsd nothing to do with that
G ns na entitled "a an ne
He did not desire to be anS When el he
will hear counseps argument
THE AMATEUR ATHLETIC UNION TO MEET.
The championship athletic meeting OF the Amateur
Athletic Union which win be held in Madison Square
Garden on Wednesday, November 81, promises TO be
one Of the greatest meetings ever held in America No
less than $50 entries have been received and the
principle races will be those in which the Western
amateur athletes VIII compete c. E. Mesley, the
ereat short distance Of the Chicago Athletic
Club and his club mate, the walker, Otto Hasseu,
WIN compete in the sprnts. The following out Of
town athletes Will compete against the Union cham
pions: F. Butcher, Of Pullman; IN g }. King, Of