The sun. [volume] (New York [N.Y.]) 1833-1916, 1890-05-13
NO GUARANTEE BY CENTRAL.
DIT. DEPET'S FIRST APPEARANCE As 4
WITNESS BAD IOK ROLLINS.

The Syrncuse aud BnIdwInsvIlle Tried for
Central Backing but DILn't Get 1t-Iet
uoiiina Thinks His New York Central
Systcm" Circular Was Justified.
Dr. Chaunccy NJ. Depcw was witness in
court yesterday for the first timo in his life.
Ilc was summoned by the defence In tho case
OF A. NJ. Kidder & Co. against Frank c. lol-
! Inns 4 Co. Trial OF this suit was begun last
| Wednesday before Judge lngrnhnm AMI n
jury. the plaintiffs alleging that in May,
I 1887, Iloins induced them TO buy SiO.OOO OF
| Syracuse and Badwnsvillo railroad bonds by
| falsely representing that the bonds wore guar
! anteed or insured by tho New York Central
| Railraoad.
| DR.. Depew testified that no had boon APP
| preached by several business men OF Budwlus-
| vile at different times; they had told him
! about the proposed road aud the prospects 1t
! had for profitable business, and had made
several oVertures looking to getting tho Central
TO guarantee the bonds or operate he road.
All oVertures OF this nature were positively de-
clned by DR.. Depew. but he did give permits
, sion to tho Baldwinsvile people TO connect with
the Central system at AmboY. Later, It was
found that the running OF Baldwinsyillo trains
over The Central tracks from Amboy to SYRIA
cuse would be very Objectionable and Dr. De-
Jew asked the Bnldwinsville peoplc to make II
connection over tho West Shore tracks instead
1t was on this occasion that ho wrote tho letter
published In Saturdays Sun whcroln he intro
duCol tho BaluwnSvilc gentlemen to General
Manager Laying Of the West Shore.
lnreply 10 Mr.. tnllup. counsel for the plnin-
titf Dr. DeDcw shid that he had NO er gwen
anybody rcnson to believe that the New ! DIRK
and awinsiiio road Mr. NIT Gaup O ca iy the
So st t4 have Sn been aiS
which insure the fixed charges Of tho Syracuse
q lur
Central or West Shore roads had made any
sHen promise. Or. Lepow did not know that
year anu u half after it was written. This let
Ter was not u contract or traffic arrangement,
plan could he consummated
.h nm menrw seemed to enjoy his eNnSri.nce
IoInss lively lawyer, ny iinriShs 10 V shut of
the ncross-oH animation by objections.
This is the lir,t time that ever was wit
stepped down at last
The, examination, of. Mr.. Hollins was re-
that mo Crntral's relations with the LacEm-
appear t, father he iiaidwinsvIle road.
Iie told us said llollns, to 20 ahead.
epse: lie thought iii" road Would be ,T'p pr on
, PIG Investment wye amt It. "ter that Is on sept ~
give us the en- rance to Syracuse over the West |
shore track ana accordingly wrote the letter
was away. | put the letter in vault and did |
not see i again until some time in 1855"
that the 100000 OF bonds were marketed mt
$l375gO. and hat sum was expended for con- |
ton whatever to himself or his rm 'o aud With.
out including any interest charges on money |
invested before the opcration OF trains was
for every dol lar of the cost Hollins declared |
that he had int ended to purchase the bonds at |
Issue l1i i and Was Disappointed when T. 7.
W ing insisted on selling them INDEPENDENTLY. |
lie also NJ, asserted that he hnd told Wing all the
though he denled that washed" was the |
nroper, term, because money had actually
small transaction in Baldwnsvic at Iar Iiol. |
Inns inso paid himself 53 for hts stock. Eighteen
relative to the, :, condition Of the the,
ment made out by Alexander I!ammill, which |
showed that in April. 1857. tho road had earned !
eS rs on eHfern 9s e ebT x these were
investors: although Hammill,,s, statement
lIolIins told Wing that he was trying to con-
summate bargain by which the BaldwinsviIe
and called his attention to the fact that the
Central had already absorbed various little
the Words New Toti Central systems me o asG his
circular BY saving that any road connecting
as tho Baldwinsville did, would be necessarily
. part Of the system. The phrase was omitted
tTom his following circTlar at the request Of
secretary. In the, sale Of bonds to Wing. Hol-
Inns declared that he made no commission, let
ting them go at lust what they cost hun.
Speaking of buying his own stock. Hollins
said, it was n frequent transaction in the
street, and one that could not he helped All
these matters he declared had been told
frankly 10 Wing, and other members of A. NJ.
holders who sold his bonds to Holins at o.
He had originally bought the bonds for 5000
cash on the advice of gentlemen in the New
Of the bonds that he had advised Hartford
nan named WEIGH to buy the whole issue.
Hollins's examination was Interrupted
briefly to take the evidence of Rudolph
Neppler, Chairman Of the arbitration com
niitee OF the stock EXCHANGE. before whom
'nnMlment of tho sale Mr.. Keppler said that
he Exchange did not assume to decide the
POINTS at issue. The trial will go on to-day.