Evening star. [volume] (Washington, D.C.) 1854-1972, 1889-09-17
wOODRUFF,s STORY.
He Tells Of Ives Conspiracy to Control
the c., H. and ID. Railroad.

In the examination of Confidential Clerk
Woodruff in the Ives case in New York yester-
day after the report of TEE stan had closed
witness was asked when he resigned his posi-.
ton with Ives 4 Co., and replied August II,
1887.
After few more queries BY the district A.
torney the fact was brought out Of the burning
Of the stock ledger in the cellar Of Ives house
in Brooklyn. Ives had said: "This book must
be destroyed. II 1t falls into their hands IL
win show the fact Of the over-issue Of stock"
Woodruff proceeded to explain the contents
Of the stock ledger in detail and how the false
and genuine stock was recorded. When he
him and said: "why, you d-n fool what are
you doing that for?'
Woodruff replied that he could easily scratch
them out, but his cautious employer was not to
be caught that way, and the entries stood until
the volume was consigned to the consuming
flames.
Lawyer Brooke here scored his first point Of
the day. Witness was asked what Ives had said
when he (WoodrufD asked him when he was
going to redeem the old stock. Ives replied
that he would do this just as soon a. he could
afford to. Ives counsel objected and the re-
corder ordered the passage stricken out. It
was the only objection sustained for three
days.
Recorder smythe informed the Jury that as
me case was likely to remain some time upon
sessions, beginning today.
Lawyer Parker-''When did you first COM
transferred2f
"About April 1, 1887. After that kept the
books at my house in Newark until last March,
when was indicted"
In the cross-examination witness swore that
he had repeatedly asked Ives to turn over a
certain block of stock to help straighten up his
books and cancel some Of the old issue. Wit
ness pointed out at the request of the prose-
cution, the entry Of those shares he had desig-
mated to his grasping employers which would
be available to offset the issue Of fraudulent
stock.
After recess Woodruff resumed his testimony.
He caid Ives was invariably promising to have
stocks in "a few days" but it never came.
One day Woodruff went to the cashiers cage
and was handed twenty or thirty shares. This
was about March I, and the certificates were
Tor cancellation. A few of the number we're Of
the fraudulent issue destroyed by witness at
Ives request. Witness explained that the
stock had been signed by Mr.. Eugene thinner
man, who placed his initials over Ives sigma
nature: This was done for the purpose Of
identification.
When Ives heard Of this he cut out the
initials with punch, but flourish or two Of
the letters were still left on the paper. Ives
remarked: 1--WE must not let Burns learn Of
this. Burns is cashier of the American ma
tlona! bank, which was the registrar Of Cincin-
natl, Hamilton and Dayton stock.
The registration Of Cincinnati, Hamilton, and
Dayton stock began on August 26, 1880, and in
December, 1886, Ives took old certificates to
the bank. In the following April Burns called
on Ives and demanded to see the cancelled GER
tifcates. Ives promised to get them Wood
ruff and Ives together marked upon the back
OF the old certificates the number Of registered
stock issued When they were returned they
bore the cancellation mark of the bank. There
was an excess Of cancelled certificates, mostly
OF the issue Of June 49, 1885, and these were de-
stroyed by Ives. The certificate book was de-
stroyed in March, but the unused certificates
were saved and produced in court When ex-
amlned by the witness he said they bore can
collation. marks he had never seen before.
The court then adjourned until today.