The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1889-09-13
HENRY s. IyESS CRIME.
The Story of His Famous Railway Deals Told
in Court by Ex-Secretary Short.

NEW 1ORK, sept. IS.-Ine trlai OF henry
S. Ives. of Cincinnati, Hamilton q Dayton
railroad wrecking fame, was continued
to-day. Ex-Secretary Short, of the c., III.
& D., was on the stand during the entire
session. Witness said the Ives election in
the road occurred June 10. 1885, The books
showed that % ,3S5 shares were voted at the
election. The new board were Augustus
Winslow, George Hoadly, G. G. Waite,
Alexander Proctor, George Fl. Staynor, H.
s. Ives and Henry Johnson. Witness
stated that the stock of the c., III. & ID.
road was increased Feb. s, 1887, at meet
ing of the directors, by 5000 shares, at 800
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 S2,000,000
par; that he served as president of the
road for four years. at which time the mar
ket value of the stock was 40 cents on the
dollar. When he retired, and was sue
ceeded by r. M. Shoemaker, it had fallen
to % cents At the close of 1882.
during the presidency of HughJ. Jewett it
had risen to 60. When Staynor was elect
ed president it was at par. 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, a 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. He did not know when the cleo
tion occurred whether he was to be sus-
pended or was to stay. he received no
notification of the result except Staynor's
letter. Witness did not ascertain that the
holders of q majority of the stock lived in
New York. He knew that seven-elghths of
the shares of the road were controlled by
the defendants. The present market value
of the road was about par.
Further examination showed the details
of the formation of the board of trustees,
controlling 10000 shares, and the successful
litigation of Ives to overthrow their voting
power in order to elect himself and his as
sociates. i also appeared that the custom of
registering new issues of stock was an inno-
walton commenced when the road passed
under new management.
The case took on q livelier aspect when
the subject of the signing in blank of the
bogus certificates by Short was approached.
Once the witness got emphatic, aud pound
ed the judges desk as he answered, "Nev-
sure that he had not signed blank certiti-
Gates prior to June 10, and the witness re-
piled that he was sure.
The defense then alluded to the acquittal
OF Ives ana StaynOr Wnen tney were IN
dicted in Cincinnati, and Mr.. Shorts testi-
mony upon that occasion. The witness tes-
titled that his relations with Ives were al
ways most friendly. and it was through his
fundamentally that his salary was raised.
and, also. that the salary of his step-son
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 & Indianapolisrailr for the
sum of 900. which he refused to do be-
ho hal nd hot fha IF 9
Ives 81 Co. was about to fail.
At the adjournment the sherifrs officers
proposed to handcuff Ives on an order from
the under sheriff When his counsel heard
of it they professed the greatest indigna-
tion. and lawyer Brooke rushed over to the
assistant district attorney to learn if he
had anything to do with it. The matter
was finally settled by Judge Fullerton go-
ing to the sheriff7s office, where he learned
it was all mistake. In the interval before
his return the prisoner grew greatly ex-
cited, II will not wear handouts" he said.
"They shan't put them on me; want to 90
out like a gentleman,n Finally cab was
procured and the prisoner conveyed in it to
the TOmbs.