Morning journal and courier., 1892-11-02
AGAIN THE NEW ENGLAND.
Important Developments Before the
Supreme Court AT the Hearing I'm
Hartford Yesterday.

Important Developments Before the
Supreme Court At the Hearing I'm
Hartford Yesterday.
HARTFORD, Nov. damaging state
ments agsinst the New York and New
Prentice to-day in the superior court af-
fecting the roads claim to register s., 000,-
900 of the proposed issue of s25 200, 000
The suit Is TO restrain the road from issu-
ing s., 600, 900 of bonds for registration.
The hearing today was on a motion to
compel the road to produce its books In
court.
James 81. Webb of New Haven of coun-
sci for plaintiffs, Nathan +. Goldsmith and
Edward T. Knowlton of Boston, testified
tina. he passed the greater part of Eve
weeks in taking the deposition of Secretary
Perkins. Mr.. Webb said he examined
fourteen sets of books of various railroad
organizations, which at one time or another
had contributed to the organization of the
New England road. All the books showed
marks of recent examination in the pencil
footings made. The Boston, Hartford and
Erie books showed sundries charged up to
construction In the books of the
! Hartford, Providence and Fishkin road in
Sl27 900 was charged in the construction
account. Charges for purchases of fran
chises, made up of stock Issued TO contrsc-
tors, placed in the construction account
aggregated SIG, 900, 900. The company gave
$40, 900 to firm of brokers for
securing loan of sl60, 600
and then charged the $40, coo to the oon-
struction account Legal expenses were
also placed in the same account This
lind Of
about $50 600, 900, while he found that
only S., 900, 900 had been expended in the
construction proper. Mr.. Perkins refused
to produce the books of the Boston, Hart
ford and Erie in the presence of an expert
accountant. The apparent construction
account aggregated Si0,0 600 with dis
puted amounts of $50, 000, 900. The road
from Providence to Waterbury appeared
to have cost 1000, 900, but the construc-
ton Of thirty miles more of road appears
to have cost $35, 600, 600 Mr. Webb said
that the cost of the construction of the
road since 1878 aggregated about $14, 000,-
600, including the equipment account of
5000, 900. Arguments were made by
counsel and Judge Prentice reserved his
decision.
ASKED LEAVE TO coSsUMNATE.
A dispatch from New York says: "Prior
| 70 mis- death Jaoez A. BostTlck purchased,
in connection with William Fl. Starbuck
and Frederick II. Prince, $1,000, 900 in
bonds of Meriden, Waterbury and Connec-
ticut River railroad company. Mr.. Bost-
wick acquired six seventies and the others
the remaining seventh. They gave $3.50, 900
for the bonds, which constituted the en-
tire floating debt. At the time of Bost-
wicks death, in August last, negotiations
were pending by which the New York and
New England sought to lease the Meriden's
franchise for ninety-pine years at an an
nusl rental of SOS, 500; to reduce the com.
pany's floating debt from 81, 000, 900 to
$3.50, 900 and guarantee interest on that
amount of bonds. Bostwick and his $500
ciates were ready to carry out the deal but
Mr.. Bostwick's death stopped everything.
His executors today petitioned the su-
preme court for leave to consummste the
agreement, and Justice O'Brien sent the
matter to James Thompson as referee"