Cameron County press. [volume] (Emporium, Cameron County, Pa.) 1866-1922, 1900-03-15
SIX MEN INDICTED.
Alleged CircuIatOrs OF False RumOrs
are in TrOubIe-Four are Arrested.

hHo HI arc ATTesteus
New York, March 7.--The special
grand jury which has been investigat-
ing Brooklyn Rapid Transit matters
for the past month, yesterday brought
i'm presentment before Justice Furs-
man in the criminal term of the su-
preme court, together with indict-
ments against six men, making them
in part responsible for the false re-
ports that had been circulated about
Brooklyn Rapid Transit, with re-
sulting depression of the stock.
The men indicted are Alfred II. Cos
lin, who was arrested in Philadelphia;
Harry j. Alexander, an advertising
agent; Charles II. 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 stockholder of the
Brooklyn Rapid Transit Co., and one
Bogart, who is said to be Goslins pri-
vate secretary.
The presentment of the grand jury
intimates that there are others impli-
Gated in the circulation of false re-
ports, although sufficient proof against
them had not been submitted to the
jury.
Davis was arraigned on three indict-
ments, two alleging felony and one
misdemeanor and was held in $11, 1000
bail. Packer was held in $4,000 ON
two indictments charging miseemean-
or. Alexander was held in $1,000 bail
on three indictments charging felony
and conspiracy. Goslin has not vet
been brought to this city from Phila-
delphia.
Alexander and Davis were commit
ted to the Tombs, being unable to fur
nish a bond.
The presentment recounts the
means by which the market price of
Brooklyn Rapid Transit stock was de-
pressed last summer, specifying paid
advertisements in newspapers here
and in Boston, and in circulars sent
through the mails, predicting heavy
declines because of the alleged bad
condition of the company. These
statements, it is further said in the
presentment, were also disseminated
orally and by telegraph and telephone,
the result being heavy decline in
which innocent holders of the stock
were unable to protect themselves and
SO saw their property deprecated
day by day." The presentment con-
tinueS:
"In our opinion these attacks ema-
mated from several sources, but from
their nature it has been impossible
for this grand jury in every case to
trace these rumors to their authors"
1t is further added by the present
ment: The statements referred to
are not put forth as mere expressions
OF opinion, but purport 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 publishers
thereof"
Philadelphia, March 7.-Alfred r.
Gostin, of New York, who was arrest
ed here on instructions from the po-
lice department of that city, was yes
terday committed to await requisitior
papers from New York. 1t is stated
that he will resist eXtradition.
At the hearing Goslin was commit
ted. His counsel applied to the court
of oyer and terminer for a writ of
habeas corpus in order 10 secure his
release on bail. Judge Wilson refused
to grant the writ, giving as his reason
that the case was too serious to be
decided on such short notice.