The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-12-28

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iseIin. banker. Frederick Woodward and
Thomas. j. Stead. broker.
but not heard when the Grand Jury adjourned
At o'clock. vas Thomas keith e d., reporter on
the NJ. orS Tines gS@ - sala 70 ssye me
TO ,iepreciate the value Of Rapid Transit stock.
Not before since 1928 when the GRAND jury
chise law. has that body remained In session AL
day The indictments !, any axe f0 Sha b vii,
Code prohibitIng the circulation Of any false
statement or rumor with intent to affect the
market price Of stocks. nonis. or other evil
The Injunction referred to above was sought
by William + Allen az a stock ho!,ler. who ob;
the Supreme Court requiring the company to
chow cause why 7 sSSd mot O. rsstrGh sd
has ioI shares OF the stoSk and. 1t was said in
court that he acquired 100 OF them Yesterday
morning. lie alleges that the money OF the
company cannot DO legally expended 'or TINS
Inform ntlon that such move, would be made
leak ell out, and Mr.. Shechan had man In
court ali day watching for the application to he
made Soon after the papers we're handed up
Mr. sheehan wa. snmm St to f EonTS o{ He
order be made returnahle forthwith as he was
stock the 'e 10 be aeed 10 the
market by delay. Justice Gillersleeve said
would sec s0 the se marEs, So ate 10 the day but
on mrther urg nv OF Mr.. Sheehe he made the
order returrable forthwith b,iGte Justice
Beekman. No temporary Injunction was Is
Arrived before Justice Beekmar counsel for
taken until to-day. as he desired TO prepe.e
further H" sal that a. . tempoi arv inlune-
ton was granted. the company could not suffer
Mr.. Sheehan again opposed delay 'or. fear OF
The effect on the market; Re sat- thet the
tring an action to prevent the offlo,Ts from
paying the reward. on the ground that the
, lion and bylaws OF the company and y waate
! Of Is moneys. The thr"at accompanied the
REQUEST that some legal action would result on
When Justice Beekmap asked Mr. .sheehan
: how the market could DO affected by such q
! motion he replied that the reward wns offered
! 10 bring about the discovery OF the perpe-
traitors OF a crime against the financial stand.
! the investigation proceed promptly 80 as to
! prevent other such false statements. which
tim: nSye S S ,S S. Tsss
bic institutions Of the country. II there was
no nope Of reward there might be les as chance
the az sl" eth 900 the
measures az wou d not only protect the stock
| but the company's very HE and crrftt.tts Imam
''a Be TS we sS9 through with S ths gang OF
! semi- rmin als-aye. crlmtnals-who have
| started those rumora. N don't miss my guess.
! some OF them will 20 IN the river whore they
! belong. and the inancia! bus ness corporations
aud business Institutions OF this country are
/ going to benefit hv striking down this gang OF
| indicators W no are constantly starting rumorr
| n. to their financial condition. Tho question
| piicarion. The public 10 Interested. II H. not
| The BROOKLYN Rapid Transit Company alone
and its officers. hut the Officers OF all corpora-
tons are I'M ere -ted ami every well thinking
citizens Indignation Ia aroused, for no man
! can tell II these things are not checked when
! he will become bankrupt. although no may
| no financially sound. With all respect to the
! court and your Honor. Their" Is no rower In
! chr stendOm to stop us from paying this
! S2J.tNu reward to tine people Tho have earned
/ II. We may bs restrained as company. but
| individually We will GO into our rockets and
/ reder m the promise made hv this company"
| Ju-ticp Beekman. In adjourning the case
! until to-day said IL did not appear where harm
| could result from an adjournment.