The sun. [volume] (New York [N.Y.]) 1833-1916, 1890-05-10
"FIXED CHARGES INSURED"
HoLLINSs FIRST CIRCULAR SPOKE
OUT HO7LY ENOUGH.

OUT HOILI bNOO0hs
-. Matt One was More Cautious, hat
VT,,tea at n Private Understanding with
tho sNey York Central System"
An early adjournment OF yesterdays hear
inc before Judge Ingraham in the suit Of A.
N Kidder 4 Co. against r. c. Hollins Il Co. to
rocover moneys alleged to have been obtained
under false representations saved DR.. Chaun-
cav NJ Depew the trouble OF coming down to
tsstify. His examination goes over to Monday.
James d. Laying, general manager OF the
w.st Shore road. testified that he and Hollins.
altar thu Syracuse and Baldwinsvlle Railroad
Ias finished. had talk about through trains
from Baldwinsville to Syracuse. Mr.. Laying
thouebt that II would not pay either road.
ard Hollins's propositions wore therefore de-
Aimed. Mr.. Laying said that he had never
Givon any official OF the Baldwinsvile road any
announcement TO believe that an agreement
nould be made for through train service be-
tween Baldwinsville and Syracuse. There
vas no negotiation for this end beyond nero
conversations between the officers or repre-
oentatives OF the two roads concerned. He had
noyer received any letter from Mr.. Depew
which introduced Hollins or authorized the
making OF traffic arrangement prior to Feb.
0, 1889. A letter. which will be found below.
vas written to Mr.. Laying by Mr.. Depew long
before that. but Hollins failed to deliver 1t
pntil long after the negotiations ut issue had
Two hours were consumed in reading Mr..
Hammls deposition, From this It appeared
unsuccessful Efforts OF himself and other Bald
winsville people TO secure any kind OF guaran-
% The Wes roSd
Hammill that the Syracuse and Baldwinsville
road "must stand on its own bottom" and that
the West shore could not entertain any propo-
Sition for the purchase OF the road. or for In
curing It's bonds by q trafio srrangemeen nd
and eXpeeted to make profit Of $4,000 at that
price. This was before he met Iollns. The
The plaintiff rested, and Mr.. HInrichs for
mally waived any defence. upon the point that
Tor the slain lie said he proposed to Justify
BY evidence AL the Which HNl-
ns to e. w Of hS
bonds. and TO Justify the washed" sale Of the
stock He claimed that E. + ti Wing knew nS b all
Hollins had never tried to conceal Its details in
any way from those who had right e. know
sR Sn; e4 xii WitSoSt doubt but that the
parties to the controversy differed as to the
RoaRhs the tonS should Sc heG R
common until both could sell at good profit:
S The CO d
tho Joint agreement and offered the bonds for
hs IN M 6epeW on he
ptand to show that q trafflc agreement had
been promised BY the feT York Central Rail
be read a letter from Dr. DepeW; dated ten days
later than the interview to which Chief Engi-
DR.. Depew fatty refused TO make any kind Of
traffic agreement The letter addressed to
Laying read as follows:
This will introduce you 70 = committee Of gentlemen
representing the syracuse and Baldwin.vils RAil,oed
for runnna into % depot
ne.ed fSeitos tho '' 'N' 'n'
This letter was dated Sept. 81. 1888. but Mr..
peyta aattp oh uaA hat OF 40
livered until Feb. o. 1889 or nearly two years
after bonds had been sold upon represen-
about to consummate q traffic arrangements
tS tn" Syracuse fhd ssaT n bnS
based circular upon this letter.. This is the the
heading OF the circular:
Frank &. EKOlIi1as q. Co.,
BANKERS AND BROKERS'.
Members of the New York Stock Exchange
Wall " Tsss f1a n Cav Wis., oh'As %
s; Hos 81 se sI1aS RqS lSsS
Interest payable January and July In New York
TaS1 sSGTs ho "
leading shippers there had agreed to uFe the
comes this:
~ I'm:
NJ s5
n ~ ss Of In
Shortly after this Hollins & Co, Issued an
other circular ebout Syracuse apd Baldwins-
York Central System" was omitted. This cir
cular also omitted any reference TO traffic
agreement. and after following the lines OF the
graph was printed:
Of these bonds We are offering limited amount at
par and interest and shall be glad to furnish
formation TO intending purchasers which cannot well
be stated in an open document of this character
Mr.. Hlnrichs road these articles to the Jury.
Mr. Rollins was the first witness for the de-
fence. he told something about tho early hiS-
tory Of the Syracuse and Baldwinsville Rail
road. and how he became interested In IT, but
10 had only begun to alege that officers Of the
HST York GO GSentPai road had suggested the
mont that the Central should eventually take
t. when the hour for adjournment arrived
The case will 90 on Monday at 10 40 A. M