The age-herald., 1900-03-07
WALL STREET MEN
 UNDER INDICTMENT
Caused the Depression in Brook
 Iyn Rapid Transit
BY CIRCULATING RUMORS
Editor of The Wall Street Review is Held on Three Indictments and
 is Placed Under $l1,- 900 Bond

New York March 6.-TLle special grand jury which has been Investigating ''Brook- lyn Rapid Tiansit matters for the past month, today brought in a presentment be- fore Justice Fursman in the criminal term of tli;. supreme court, together with indict- menf against six men, making them re- sponsible for the false reports that had beer, circulated about Brooklyn Rapid Transit with resulting depression. of the stock The men indicted are: cA1fred R. Gos.ine. who was arrested in Philadelphia; Harry J. Alexander, an advertising agent; Charles Davis, editor of the Wall Street Review, and Eugene L. Packer, all three of whom were put under arrest in this city, Warner T. Allen, an alleged sock holder of the Brooklyn Rapid Transit com pany, and one Bosart,- who is said to be Gosline's private secretary.
 The presentment of the grand jury ini mases that there are others implicated in the circulation of false reports, although sufficient proofs agains,s them have not been submil.--- to the jury.
 Davis was arrested on three indictments, two alleging felony and one mIsdemeanor and was held in $11 900 bad.
 Packer was held in $i,OO0 on two indict- ments charging misdemeanor. Alexander was eleld in $7000 baii on three indictments charging felony and conspiracy. Gosline has been brought to t.l@s e.ry from Philadei- pll.a. Alexander and Davis were committed to the Ton.os, being un1ioie to furnish atbord.
 The Means Recsulied
 The presentment recounts the means by xuh itha m pripa Of RrODlxIUn rand transit stock was depressed last summer, specifying paid advertisements in newspa- pers here and in Boston, and in circulars sent through the mails, predicting heavy declines because of the alleged physical and financial condition of the company. These statements, it is further stated in the pre- sentiment, were also disseminated orally and by telegraph or telephone, the result being a heavy decline in which innocent holders of the stock were unable to protect them- selIes. and 50 saw their property depreci- ated day by. day."
 The pfesentment continues:
 'In ofr opinion these deliberate and long continued attacks emanated from several sources, but from their very nature, namely, from anonymous circulars and word of mouth fumors, 1t is impossible for this grand jury In every case to trdce hhese ru- mors to their authors"
 It is further added by the ntment: '.Tife statements referred to are not put forth as mere expressions of opinion, but pur11ort to be based upon accurate inside information, and in numerous instances on downright statements of fact, which are false and known to be false by the pub fishers, and dsseminators thereof.
 Have No Legal Evidence
 "we have no legal evidence of guilty par ticipation by individuals other than as shown by the indictments we have found, but we believe it our duty to call to the at tendon of the court and community this new and peculiar danger to the financial world, and to emphasize the fact that the circulation of false statements, rumors and intelligence to affect the value of stocks and securities are equally criminal wheth- CT the object be to enhance or depress the prices fof the securities affected.
 A Realization that detection and pun ishnlerft will surely follow will be the best means of suppressing these insidious crimes which threaten not only the interests of specific individuals, but also the general welfare of the community