The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-12-29
GRAND JURY SPLIT ON B. R. T.
II MEMBERS Advise THAT THE NEXT
JURY TAKE UP THE CASE

rive Protest Against This Presentme nt-In
tn, Supreme Court Mr.. sheehan Says
Thor, Ii ga Regular Nest of Grimm als'
in wall Street - Decision Reserved in
the Injunction Suit Over tho ss5, 900
Rsv.rd-The stock Flies Up and Down.
The December Grand Jury rid itself Of the
Brooklyn Rapid Transit tanRle yesterday BY
bringing into Judge CowinR's court recon-
mendation TINT the succeeding Grand Jury
take up the investigation. ~ the December
Grand Jury found itsolf without the time
necessary. The report OF the Grand Jury was
not agreed 10 by all the Grand Jurors. and five
OF tho TWENTY-FIVE In session yesterday publicly
proclaimed their dsapproval OF IT,
During my twenty ons years experience 1
never remem Der a Grand Jury 80 publicly dis
closing the secrets Of the Grand Jury ROOM"
aald Judge Cowing In comm enting on this to
Bun reporter.
Foreman Cyrus Clark was sick yesterday.
Judge Cowing designated James ]. Hlgginson.
q broker. as foreman. After asession OF about
half an hour the Grand Jury returned to court
and handed up few ordinary Indictments and
then Secretary Thomas ]. Stead read this pre-
sentiment:
''Ths grand Jury has conducted an inquiry into
certain false rumors recently circulated affecting
certain corporations. The matter OF these reports
S.mins to US a. the close ouch our ssmplo,s
inquiry into, thu subject =. We believe ~
e.. co sqa cal. a
succeeding Grand Jury TO the case. TO the end that
the law may be vindicated and such crimes pre-.
Approved by the Grand jury. v..
When Mr.. Stead had finished reading tho
presentment. he read protest against the pre-
sentiment and a request that tho I'VE siRners OF
the protest NO ON record as opposed thereto.
The Ave mem ors OF the Grand Jury who thus
innde public their opinions on a matter before
that body arc: c. ODonnell 1selin, banker;
carriages: Lawrence Wells. president: and
Lawrence q. O'Brien. painter. ,.,
Judge Cowing received both reporta without
a word and handed them to the clerk. In
speaking OF the after ate ward Judge loving
read Section 2J5 Of the Code OF Criminal Pro-
cedure. as follows:
srcRrrs OF THE aRAxD JuRr TO re KEpr -Eyery
me m bsr OF the Grand Jury must keep secret what
ssi or in What manner he or any other GRAND Juror
may nave voted on matter before them.
II presume that the Grand Jury considered
n or s rsrhsps II. nj, I've aPn enSer s that
they were merely expressing IN opinion
| against u mere recommendation: The action
the the GRAND c Jury had been IN Indictment IN
stead OF a prssentmont the action OF the ,nye
opinions and, BY inference. OF their voting
Botn the presentment and the protest were
written 6y memS y ss. ., s Snd inter- Innings
Usually presentments are ypewrt,en py
clerk IN the District Atornsys of Sse TN, TnIs
| hold Of the presentment until he read 1t In the
Mr. UIser said aaid that In all probability tho
| investigation OF the Wall Street rumor mongcr;
| ing would be taken Hp by the January Grand
Jury which Ia to be called next Tuesday.
The motion of Warner L. Allen ~ n btOCK-
| holder OF the Brooklyn Rapid Transit Com pany,
the TG for pHlkps ,ee ead
| ing 20 the conviction Of the person VINO eiren-
lated false rumors about the financial cnndi.
| before Justire Brek man OF the Supreme Court.
| byron Y. stratton, counsel Tor the plaintiff.
expsnd funds o. tue company In this way and
that the published offer was not good for the
s conn piained Of. He said the c9mpany was moi
| paying u dividend and that II the treasury haa
lie applied to dividends to stockholders. lie
'"H T,hnS that the person. who OTTER sh: re- r.
their effect The matter has become ridie-
uISus and ia laughed at in Wall Street J.. A.,
not believe the nction was brought IN good
nh He said TIA. The iqct ,hs! he s sq!s TGIIi
the stock on " cdnesday hal been forced down
from 70 to ~ but reacted. He continued; 49,,
q heard oi soSr ssans
Injunction TO restrain tho detection OF cr!mei
aon tnok ih '"' do mnt believe that i s
expected by the plaintiff that this motion VII
be granted. 1t Is merely brought to AFFECT The
siG sh. GpSnsSau,sd E1cfanes He ene. tia,
these rumors were circulated and he denes Us
d d. csT any proof suppose they have destroyed
the proof. -..,v ,o,,, =. 10 tn. mn.
sssb ,sn hi, an apnIIea,ion In wall Stree
there IL n regular nest OF criminala they are
6STs PTssx sss ,STourE With
your Honor decides 10 this case tha, we car an n nc
TO be prevented from projecting The marss ,
value o. hef ssSsrss hsy % ,ss Ss ws,
s en 70 we're "HS circulated not only atiec,s;
this corporation but some OF the old
and m sppt"5ss ey %nge s,SfsS
strike terror. to induce persons, to- liluidat.'
hoas al ss 81 ss1a II .t SSE
are interested In stamping out these falls
'u Mr. sccehan read an afldavlt OF Col. T.
Williams Secretary and Treasurer of the com
r pany, ia which he said that he knew OF hls owI
s SsnsSH, Saa been cIrss.Sd months 5.
fore the reward was offered and he believes
that they were part OF concerted pitn 70 as
, The stock OF tn. BROOKLYN Rapid Tr.nsl
> Company Was one of the strongest features
day yesterday. It opened at ost. which wa
cover short. contracts there was a ahar
J. Afternoon az az high as TAX. Selling to tax
1 profits on the long side, together with a re
newa' Of bearish attacks because OF the failur
Of the Grand Jury tn find any indictments. re
A suited In the price running off IN the final deal
y inRs. with the closing sale at rs representa-
/ net advance for the day Of 81 points. Tn
total sales aggregated 100. 750Rhares. or some
what less than one-Iuarter OF the total capita
: stock of +,IO. 900 shares.
= ; II was reported In Wall Street that one OF IN
: names mentioned before the Grand jury dnI
Paine OF the Consolidated Exchange, who
: credited with having made Sl,OOO.0OO b
"shorting" Is. r. T. in the last fow months,
MIR Paine said to q reporter that he ha
heard That his name had been. mentioned Ia
fore tho Grand Jury. and that he regretted e'
cpedlngy that he had not been called to appea
"Half dozen OF my brok ers. said Mr.. Pain
were up before the Grand Jury though,
| hnmn hann ahnrf Of Il IL Il. atock. from l3O