New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-03-07

sit Company from Offering the ap-
last night
A5sd Sssns pSHs a
ter. Not yet arrested
The Special Grand Jury charged with the
investigation Of the alleged conspiracy against
the Brooklyn Rapid Transit Company. by which
the stock Of that company was depre ssed, re-
turned six indictments yesterday, and five men
have been arrested.
The disappointment felt In Wall Street on ac-
count of the failure of the jury to fasten a
felony upon certain men believed to have been
morally responsible for the action of the in
dicted men, will be lessened to some extent by
the prospect that the examination of Goslin
and Davis is likely to lead to subsequent action
against men higher up
Goslins Indictment brought about by in
formation furnished the Grand Jury by James
B. Kellogg. under indictment for his con-
nection with the E. s. Dean Company trans
actions. In order to save himself from prison
ii is expected Goslin. against whom indictments
in the Federal Court were only recently dis
missed will furnish the evidence that Deputy
Attorney General John Proctor Clarke could
not get in concrete form.
Charles T. Davis has made enemies of some
of the largest houses in Wall Street. Their
lawyers have worked up what is believed to
be strong case against him. 1t is secret
IN Wall Street that Mr., Davis had number of
personal friends in the firm Of Talbot J. Taylor
& Co. with which James R. Keene is asso-
ciated. The hardest fighting III the case will
involve the performances Of Goslin and Davis
Gosn is reputed to be worth S5O0OO0. 1t
learned last night that his friends had
retained Black, Olcott Gruber & Bonynge. of
which Ex-Governor Black and ex-Distrtct At
torney Olcott are members. 1t is expected that
Mr.. Olcott will personally appear for Goslin,
whose friends are already asserting that Cos
lin is this time, at least, the victim of
spiracy. prompted by the hatred of Kellogg and
others in the Dean crowd, who have not sue
ceeded. did Goslin. in getting their indict-
nents dismissed. Frederick B. House is the
attorney OF record for Alexander Packer and
Davis and he will doubtless appear for Bogart
and Allen.
Colonel Robert A. Ammon, of No. 1872 Mas
sau-st., comes into the case counsel for Cos
lin, whom he freed from the Federal Court in
dictments. Mr.. Ammon successful in help
ing Goslin through number of tight squeezes"
and, although he has been i'll for four weeks
he consented yesterday to act as counsel in the
defence. Goslin, 1t is thought, will be brought
from Philadelphia to-day or Tomorrow
Goslin's hope of freedom lies in the fact that
he has been of signal service to ex-District At
torney Olcott in the prosecution of the Dean
Company cases, and that is probably the sole
reason why Mr.. Ocott has decided to act as
his attorney.
THE PRESENTMENT
The presentment made by the Special Grand
Jury yesterday morning in the Criminal Branch
Of the Supreme Court before Justice Fursman
was as follows:
AS directed by the charge Of the presiding Jus.
tce this Grand jury has diligently inquired into
lions of the provisions of Sections lsS and 4s5 and
cRSetfT e have Of o1d e true Of b hs Penal os Code
certain individuals for specific offences hereunder
quires. however. that we should make additional
Presentments in the premises. said presentments
to warrant indctments Of iniivduss other thsn
II hat 1 he Of 1899 the stock
Of number Of corporations whose securities were
acter Paid advertseme1ts Were nseTteS Glap fram
and Boston attacking the value of the stock Of
tiveness in the case of one OF them whose stock
S a - then n &c quoted % ab4He % par Lat 1t would fall to
curate inside Information advising the sale Of said
quirers would write to an advertised address
Letters Were sent broadcast over the country In
vertisement relteratng the statements as to the
ucs he avce Il weHe He f bg
the advertiser had made thousands OF dollars and
short Anonymous circulars We're ' ai distribu{ed
broadcast through the financial district. and by the
mall over the country, asserting that expert
analysis of the company's books disclosed the fact
that 1t was earning deficit that II in financial
difficulties; that decision would be handed down IN
few days by the Supreme Court which would
declare that the franchise tax law imposed a tax
OF 212 per cent on the gross earnings OF corpora
tions, which meant additional expense of 81 b0-
600 TO said company all of these sta temens of fact
being false
Telegrams by the hundred were sent broadcast
through the United States advising the sale OF the
stock for thirty point drop at the opening the
next morning, and concident with that telegraphic
advice absolutely false rumor statement was
suddenly and widely disseminated by word Of
mouth by telephone and by private wire that the
company about TO go into the hands OF a re-
ceiver that the papers applying for such receiver
ship had been seen, rumor going far as TO
give the name OF the person who had been agreed
upon for receiver.
Enormous short sales OF stock did follow i'm