Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1889-09-13
HANDCUFFS FORIVES.
An Attempt to Put the Iron Brace.
lets on the Young Napoleon
CAUSES SOMETHING OF A SCENE.
His Former Secretary Reveals Some Of His
Secret Schemes.
TRIAL OF THE NOTORIOUS FINANCIER

NEW YORK, September 1.-THE trial OF
Henry S. Ives, of Cincinnati, Hamilton and
Dayton wrecking fame, was continued to-
day. Ex-Secretary Short, of the Cincin-
matt, Hamilton and Dayton, was on the
stand during the entire session. Witness
said the Ives election in the directory OF the
road occurred June Is, 1886. The books
showed that 25, ,3S5 shares we're voted at the
election. The new board were: Augustus
Winslow, George Hoadley, c. Z. Waite,
Alex Proctor, George H. Staynor, Henry
S. Ives and Henry johnson.
Witness stated that the stock of the Gin
cinnati, Hamilton and Dayton was increased
February s. 1887, at meeting OF the direc-
tors bv ) 900 shares at 500 each. This the
Ives combine declared to the public was for
the purpose of making repairs. building
depots, etc. On crosS-examination Mr..
Short testified that the stock of the road was
s. 600, 900 par; that he served as President
If the road for four years, at which time the
market value of the stock was 40 cents on
the dollar.
When he resigned and was succeeded by
r. S. Shoemaker, it had fallen to 27 cents.
AT the close Of 1882, during the presidency
OF Hugh j. Jewett, it had risen to 60. When
Staynor was elected President it was at par.
A RISING INVESTMENT
Owing to the engineering of the combine
it continued TO go up rapidly, and on the
day preceding the election of officers on
June 10 block of II 900 shares had been
disposed of at 147. No reason was given
the witness for being displaced from the
office OF secretary and treasurer. lie dlu
not know when the election occurred whether
he was to be suspended or was TO stay. lie
received no notification of the result except
Stavnor's letter. Witness did not ascertain
that the holders of a majority of the stock
lived in New York. He knew that seven
eighths of the shares of the road were con-
troIled BY the defendants. The present mar
ket value of the road was about par.
Further examination showed the details |
of the formation of the Board of Trustees |
controlling 20.000 shares and the successful |
litigation of Ives to overthrow their voting |
power IN order to elect himself and his as
sociates. 1t also appeared that the custom |
of registering new issues Of stock was an |
innovation commenced when the road passed |
under new management.
The case took on a livelier aspect when the |
subject of the signing in blank OF the bogus
certificates bv Short was approached. The |
Judges desk as he answered "never."
Counsel asked the witness if he was sure |
that he had not signed blank certificates |
prior 10 June 10, and the witness replied |
that be was sure.
FRIENDLY RELATIONS.
The defense then asked for the acquittal
of Ives and Staynor, as they were indicted
in Cincinnati and on Shorts testimony, on
that occasion. The witness testified that |
his relations with Ives were always most
friendly, and II was through his instrument
tality that his salary was raised and also
that the salary OF his stepson was increased.
But once Ives asked him to do an improper
thing when he requested the witness TO
draw on the treasurer of the Terre Haute
and indianapolis Railroad for the sum of
S15, ,000 which he refused TO do, because he
had heard that the firm of II. S. Ives & Co.
was about to fail.
At the adjournment the Sherifss officers
proposed to handcuff Ives on an order from
the under Sheriff When his counsel heard
Of II, thev pro 'essed the greatest indignation
and LAWYER Brooks rushed over to the As
sistant District Attorney TO learn if he had
to do with it, The matter was fin
ally settled by Judge Fullerton going to the
Sheriff's Office, where he learned it was all
mistake.
In the interval before his return the pris-
oner grew greatly excited. "I will not wear
handouts" he said. ''They shan't put
them on me. 1 want to go out like gen.
tleman." Finally a cab was procured and
the prisoner conveyed in it to the tombs.