The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-12-28
KEENE'S BROKERS SWORN.
JULES s. BACHE MADE TO TESTIFY
ABOUT d. n. n. BY THE GRAND JURY.

subpcenaed-CounseI for the Company
Talks of "Criuiinaia Who Arc Going Up
the River''-Injunction Suit to Prevent
tho Company From Paying Its $4,000
Rcwnrd-shcehan Says 1t VIII he Paid
Tho Stock FIuctuate. -Four Points.
before we get through with this gang OF
! semi- terminals - aye. criminals who have
started these rumors. II don't miss my guess.
some OF them will 20 up the river where they
| beong"
! SO said William Z. Sheehan. counsel for the
| Brooklyn Rapid Transit Company. In resisting
| In the Supreme Court yesterday an applica-
ton for m injunct on to prevent the company
| from paying out S25 900 OF its moneys as re-
| ward for Information leading to the conviction
| Of the propagators Of false reports about the
companys financial condition.
| mo power In Christendom can atop us from
| paying the reward" he went on, III we have to
| 60 to our own pockets for It."
| 1t was a lively day all around In d. r. T.
| affairs. In Wall Street 1850 shares OF the
| stock were sold. more than one-sixth Of the
entire capital. The opening sules we're at 69l.
a rise OF " A decline to 6Sh was followed by
n sharp rally to 7Oit. and that by q decline
under bear attacks to 10 Then the stock rose
TO 09S and It closed at 6S..
| At the Criminal Courts Building the General
| Sessions Grand Jury was busy ali day examin-
| ing subponaed and voluntary witnesses re-
Garding the origin md circulation OF tho
rumora through which the price OF the stock
mas been attacked. The voluntary witnesses
included President c. L. Rosster. Col. 7. S.
! wi liams and william +. Sheehan. President,
Secretary and counsel rcs pectively OF the Brook
lyn Rapid Transit Company. and the sub
poenaed witnesses were Jules 3. Bache. head OF
the stock broking firm OF ]. y. Bache Co. Of
| 10 Exchange place: L. =. Hooley Of 10 Broad
street. Elijah Smith OF "a Broadway and Sid
ncy y. Schuyler Of 81 Broadway. all brokers;
Edward d. Jones' statistican for Talbot J.
Taylor h Co., and Herbert V. Falk. manager.
and Joseph Leary. chief telegraph operator OF
the Bache Arm. Mr. Falk volunteered to be
subpCpnaed. The Offices OF J. \. Bache &
Co. are In the same building as those Of Taylor
/ Co with whom James r. Keeue Is associated.
and Taylor x Co. are Mr.. Keene's brokers.
The first witness called into the Grand Jury
room was Pres dent Rossiter. During his stay in
the Criminal Courts Building Mr.. Eossiter was
in almost constant con versatile withWiiliam r.
Sheehap, OF counsel for the com pany. Nr Ros-
sitter said that his position was simply that OF
any corporation officer. who saw the property
IN his charge ialsey tisparnged. He reiterated
that the stories to the detriment OF the rail-
way company were unqualihedly false. There
was time. he said. when the various lines
were separately operated, and then the prop
erty did not merit high degree OF confidence.
To-day. however. the future Possibilities and
present substantial condition are apparent,
Mr. Bache was the first OF the subppnacd Wit
mess to 20 before the Grand Jury. His appear
snre was the first results OF the statements
made 10 the Grand Jury by Mr.. Sheehan and De-
Lancey Nieoll OF counsel to the Stock Exchange,
According to an unofficial version OF the pro-
cesdings during his stay in the Grand jury
room, Mr. Bache was requested TO tell
whether or not q certain bear operator was
a customer OF his firm. This Information
the broker at first declined to give
His relations with his customers. he insisted.
were q. confidential as those OF lawyer
aud client Some OF the Grand jury
men are brokers themselves ard this view.
DID no, fail to and ,svHr IN ,hetr eye. mr.:
room while the mater was debated. The
urand Jury meanwhle voted on he question
ior@o,i"S or take his chance. Of briag pre-.
tered the Grand jury room he offered to an swer
questions and to produce his booksi necessary
tornay Unger ia said to have argued against
the stand orig lnaliy taken ny Mr.. Rache
frs, hour Of Tho afternoon session suberns
server from the District Attorney ofire.
S"s-pS Es.1 f9 Spes a 9 Bsss
office. to the door OF the Grand Jury room. Mr..
ia K, who was not AT thar time under SUI prna.
stuck close to Learys side ana demanded 10 DO
!: allowed TO enter the room with him. This was
not allowed.
2SA here 81 gFGsSs mi m fs T .S aRs
manager can much b, tier answer tho aues-
tons indicated by the subpoena than this tels-
Mr. falk'a DECORATION was reported to As
Grand Jury had had a talk with Leary, a sub
po'nh duces tecum was Issued TO Mr., Ia k The
Subpoena required him to bring such books OF
! | la. lIaphe T
BE alleged Igm mort monSers short OF Brooklyn
! slightly dItrerept version o, Mr., Baehe,sex
With r.. aHnh JIry sGnss from HIM h
that we're pui to him in the Grand Jury room:
thing OF value in the matter that was being
prysss 1aars as was not on iria
After a computation, the Grand JurS said to
the object ionahle line OF questions indefinitely
and that there we're only one orsw3 NOR th Ing
this being the case he was willing to answer
the questions without making any moro
and the Grand Jury parted on excellent terms
aud was very sure that the Grand Jury did not
, think that he had tried to conceal anything
In the course Of the examination Of Mr..
he said h. %st'a Sr so"f "s
! one else and said that II was In the hands
, | oil his chief telegraph operator. Leary. A
subpoena duccs t-cum. was sent for I.eary. The
. Papers which he was required to bring with
him wor' MOI In his possession hut In the hands
ri Mr.. Bachcs office manager, Mr. Falk. who
> accompanied Dir; Leary 10 the, Grand Jury
there the once manager was not AL
mtted because he hal no su6rGna He
binEing the papers which Leary had been
toll 70 bring. 4 subpTna was thereupon
Z :, r, Bacha said last night that he told the
|, Grand Jury that there was nothing In his
tiop which was not freely S at their dlsp"snl.
NesSr DIsTst %onS sn
the days deliberations further than to say
fore the GranS jury 60 Justly The issue a o. the
= suhpnnas which brought Yesterdays Wit.
ntsSes to the Criminal Courts building MIR
Q was not ended and that the Grand Jury would
z probably alt all to-day. At least dozen
: more witnesses. inc uding clerks Telegram
operators an messengers employed in Wal