New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-01-13
AFFAIRS IN BROOKLYN.
AN ELECTRIC LIGHT COMPANY'S TROUBLES.
CAPTAIN cocnEU SAYS HIS COMPANY is IN BUsI-

CAPTAIN COCHEU SAYS HIS COMPANY Us IN BCs1-
NESS, TRYING To GET \ FRANCHISE.
Captain Noah L. Coclieu. president of the Brooklyn
Electric Light Company yesterday caused the arrest
of Henry H. Downes one of the trustees. on charge
Of grand larceny, by villfuy OBTAINING sGs shares
Of the capital stock valued at f26,0f0. Mr. DowneS
/, an insurance and stock broker, and lives at No.
1l3 south Nnth-s Williamsburg
ON December 30. according 10 the affidavit Of the
complainant. Downes represented to him that lie could
sell ten shares Of the companys stock providing he
could have S63 shares to show 10 his uncle, e. >.
Sceey The shares were given the defendant with the
understanding that they to be returned the fol
lowing day. Since then the complainant says he mas
been deprived # the shares. When Downcs was
brought into Justice GOettings police cOurt yesterday
he accompanied by his counsel, samuel MADDOX.
Counsellor Maddox, al the opening of the cXamna-
tion moved to dismiss the complaint on the ground
that Captain Coch"u had no right to the stock In
question that II belonged TO the company. The motion
was denied and Mr. COchcu took the stand. lie
stated that if DOwneS had placed the stocks in the
hands Of the company he had no right to do 50. as
they his personal property. lie admitted being
at meeting on January ., when resolution was
offered placing the stocks in DOwnes'S hands
Where is the property of the company! ~ asked
Counsel Maddox.
Gone MP In smoke" replied the witness.
"Whcre i, the part that has not gone up in smoke y
"In wire, under the elevated railroad structure. IN
poles. and wire, poles, and I'm some betting and
machinery
The witness said that the company had issued 900
shares, but unable 10 say what the value OF the
wire, and other property of the company amounted TO-
In answer to another question he said the company
Wa, dDinS business.
what business, ~ asked Counsellor Maddox.
Trying 70 get franchise" was the reply.
Thomas Black. linen importer, Of NJ. "a west
Twenty third st., New York. secretary Of the company.
testified that he had heard President Coclcu say that
he had held the shares in dispute for construction
purposes. but there record Of the fact on the
books and that the only personal shares hed by the
complainant forty. The witness also stat 81 tldt
the trustees voted yearly salary OF 5000 10 Plr'l
dent. COcleu manager. NJ. Cochcu had tpld MN.
he said that he would surrender the 7bS shares II -ou
share, issued 30 him PEI ~plally, IN Hen o NhaN
stephen !. Burroughs. one Of the >tockhoref'.
,tncd that he purchased 1874 shares OF stock from
Capiain Cocheu for $1,000. and believed 1t 10 be- Mr.
Cochcn'> personal stock when he bought II. Other
witnc>>e, testified having purchased stock from the
complainant. .
II the close Of the Counsellor Maddox again
moved - dismiss, holding that II civil case. ana
n" motion granted. President tocheu told re
portcr that the scheme one Ia remove him from
The pre- ldcncy. and ntmacd that the 767 shalcN'
which were now In tho hands Of the treasurer, would be
used against him % do It.