The Sunday herald and weekly national intelligencer., 1891-08-30

tney mauC an Arrangement 10 DuN puJS
and calls the next day, the purchases to be
made in the markets at Oil City, Buffalo, and
Pittsburg. This appears to have turned out
all right Green was next told that the New
York man predicted a rise from Sc cents to
$130. Green went to Pittsbnrg and bought
there extensively. Meanwhile Green had left
his 9O-c csnt tickets with Landlord Cook with
instructions to go to Donaldson's bucket-shop
and close out when oil went up to S9l. That
would have given Green $3.50 or so more, but
when the figure was reached the bucket-shop
people refused to pay, and Green says they
have never yet settled up.
The $1.30 tip was now in force and Green
says he bought all he could and then 'stood
pat and waited" Oil hung at 81 and he was
fdgety. He telegraphed to Gill, who told him
thatoil would surelygo up. Green says he made
$1,000 on this operation. Landlord Cook,
the Pittsburg man, and others were also In 1t.
They fooled around some more and occasion
ally had their "scalps torn,' to use Green's
expression.
din November, 1888, received a message
from Gill calling me to Buffalo," said Mr..
Green, "aud when saw him he said his New
York man had accused us of giving the
market away; that he declined to give Gill
any more tips, hut to help us out he agreed to
handle $4,000 barrels of oil for us in New
York and send us the profits. Gill told the
New Yorker he owed me $4,000, to impress
him with the seriousness of our losses, al
though the amount was only $4,000. Gill had
no money. | got 5000 from friend in James
town and this was sent by Gill to New York.
The market was selling above 81. 1t opened
up to S1.115. Calls sold at that figure and
puts at Sl.10. Then the market started to
break and oil sold down to $106, not going
above $1.01 again Another break dropped it
to 81. | telegraphed Gill asking him II we
had made anything, and he replied all right.
The market dropped to 19i, and we ought to
have made $45, 900 on our $50, 900 barrels, If we
were on the right side."
Mr.. Green says that an arrangement was
then made by Gill and the two Jamestown
men for Metcalf to put in $500 on new deal
and divide the profits on u one-third basis.
The $500 draft was given to Gill. Green says
that he understood this also was invested on
the right side. Then he tried to secure set
tlement. After considerable delay he had an
interview with Gill. He says the broker said
the profits, amounting to $4,000, were in a
bank in New York, but his New York relative
was away and ne could not get it. This
would give Gill $4,000, Green $4,000, and
Metcalf $1,000, besides the original invest
men5, so it is claimed, but these figures do
not agree with other statements Mr.. Green
says that after a long delay he came to New
York and saw Gill; who said only 5000 had
been made out of the whole business. The
jamestown men refused to settle on this basis
Gill finally sent them draft for 1925.
Broker Gill's case is denial that the iayest-
ments were to be made in oil or Oil certificates
but that the understanding was that Gill
would invest the money on the faith of GER
tain confidential relations existing between
him and others.'' He says he received $500
invested it, and that profit of 5000 was
realized which was partly paid over and
partly reinvested contrary to Gill's advice. he
puts in counter-claim of $1,000 for profits
on previous deals on Standard tips which
Green failed to settle, and says the borrowed
money was given him for expenses. Mr.. Gil
could not be found at the Consolidated Ex-
freely about the suits, and said that Greer
had really hal the best of the deals and tina
he had tried to take advantage of GIL. The
suits, they claim, were brought with the ide;
that they could force settlement. EX-Stat
Senator Mcmillan and nephew of Chaunce.
| M. Depew are Mr.. Gill's lawyers.