The sun., 1903-05-01
TAYLOR OWNS He SOLD SHORT
REPORT ATTACKING METROPOLI-
TAN TRAVELLED VIA kEENE
TO the "Worid" Ofnce-At That Time
Taylor was Short Some 1000 Shares
snd Keeue Some 1.OOO shares-Wind'
In OF AmOry-vreeland Libel Case.


libel suit Ia the judicial decision Of Magis-
trate Barlow, before whom the case has
been on trial for many weeks. as to whether
on the evidence adduced, he should hold
President vreeland for the action Of the
Grand Jury on Amory's charge Of criminal
libel Talbot j. Taylor, son-in-law OF James
r. Keene, was the last witness. He testified
that both he and Mr.. Keene were short
of Met 70 politan stock when the Amory
disc overies" were anonymously sent to
the World for publication.
Amory was recalled to testify that when
he swore that he had never advised any
body to sell Metropolitan stock short he
had forgotten letter which he had written
10 W. A. Hazard in Paris, In which he told
Hazard that he saw no reason why he
JHazardl should not 60 short OF the stock
then.
Mr. Taylor testified that Mr.. Drayton had
been his attorney in the Metropolitan
Amory business.
O. What were your relations with Mr..
Drsyton that he should claim that your COM
muncatons were privileged2
Wheeler H. Peckham called across the
table and told the witness to plead his
privilege. The injection Of Mr.. Peckham
into the case clearly annoyed Magis-
trste Barlow, who remarked that it was
unheard OF for witness at such a hearing
10 have private counsel. Mr.. Peckham
apoloGized and said that he understood that
there would be no objection to his advising
Mr.. Taylor. Taylor accepted the sugges-
ton OF his counsel and was not required to
answer tho question.
O. How much did you pay Drayton for
Amory' A. paid him $1,000 In tho spring
Of 1909 and other sums amounting IN all to
400, paid in the spring and summer OF
1902, To the expert Herte paid 5000 and to
the expert Teichmann paid $1,000.
O. How much more than A.4o0 did you
pay to Amory? A. $1,000.
@. Did you have an agreement with Mr..
Amory about the money he was to receive
and how and when he was to receive t2 A.
first made an agreement with Mr.. Drayton and
then another ono with Mr.. Amory.
@. Did you discuss the agreement between
I told Amory there was a difference between
MI Drayton and myself f. about b ,.so
month Sns tye the ",n ' s
Nh the The HHhy @ May tsoSsht HSsh thsS
.. Well In whose way was it settled' A.
q @{ pa you .hoz The reports IS e e. account; cunt;
f as. fsss uss 81 da TSs ssSs Only
Trough sSHEs TisS s them one Of our men put them
Oh. caa!s snsa rSe1masmbef S1a that, took them out
d.y a,as %ss pfnsd tG ss9T IN to ths Here
to the effect that certain charges relating, to
Metr9politan had been bee .le lodged with The
auenty % and showed them to a great many
persons. to anybody. almost. who came into
@. Then whoever came into your office
hss Sas 81 shs a.sroposan me compsnSS
q Wel, d!a these report. al Away. =, remain en-,
q. Eow2 A. think it ...S, was On se.uIdssy: rtss::
ssRna iR to Sim Ens sbos e Mr southern Psdns %
telephone message csme to mo saying that
. customer wanted TO nave see OF the
Who vas = tts e., rVst1yer' ,S.sy A. Is 1T n'oe'
The Court: You may answer y:
Mr. Taylor The customer was NJ, JarnesR
Keene. He vss siek In his hotel and ne hs
r'Go'ss Ven aid .tPISG Mr R.sns I ses "s sSsms
3. Who was tho messenger A. l dons
sent the he reports H to the World otnce' A. /
Of H. Hsyzs ysH ASeS S on nra' tho city editor
q. Is 4. customer Of yours' A. Yes. he
has been for some years
That ended the direct examination, and
, Amorvs lawyers asked the witness II he
had seen Amory after September. 1902.
Mr., TAYLOR replied that he had not and was
about to leave the stand. when Amorys
attorney. who had been listening to some
thing Mr. Peckham had to say to him,
pumped out thic question:
Mara vou lonu short OF the rket
on March arch II ~ 4. ios Short. '1''' " 'A' - "
Mr. Nicon was so pleased that he was
moved to ask Amorys attorney II he
wouldn't ask some more questions.
that you were long on some things? A. No.
SlGo 1es me help ~ esls.Sas sns
60 60 short Of Metropolltan stock' A. At the
Tine q .hs the lnterurOan lease was long up
q. NH How s much were you short of Mstropoll-
tan on March II; is9s2 3oo A. .hens. Our Office was
both II, my. own once and In the offices Of
uS.'qs q How fnhs much was Mr.. Keens short, A. Oh
NOT more than 1000 shares.
Mr. Taylor was not asked how much his
short transactions netted him and the only
was his own statement that he covered
600 OF his shorts at loss.
Mr. Nicoll began to sum up about 1880.
speaking Of Amory and his associates
Mr.. Nicoll said:
Amory went hunting the town for a plain
til In order to start receiyership action.
and finally he found Braker. 1t was happy
alliance. They had been In business before.
ton. and Ph!lbin, Philbin who was dreaming
bsye o Your Hi Hon or believe that they are band
OF patriots and philanthropsts
concluded that their plan was. after they
had put us In the hands Of a receiver, to
bring suits TO recover all the money that
had been stolen, and that Philhin, as tho at
torney for the receiver, would ing those
suits. Ten per cent would be little enough
fec for such services. There was to be money
In II for f1raker, for Amory and finally for
Philbin. The only person In the whole outfit,
90 far as have been able to figure. who wasn't
70 get a cent, who was In this thin from pure
" disinterested motives, was Drayton. And
yet Drayton, IT. seems to me, has rend cred
the most vaua bio services to the conf federacy,
Of any man. Drayton. counsellor learned
IN the law, advised Hertle that We We're
liable for the debts OF the lessor companies,
and 40 Hertle char ged them up to us and
didn't credit us with the assets. Surely.
Drayton ought to have monument, II he
has nothing else. .
Amory's attorney, replying to Mr.. Nicoll.
quoted from a decision of tho Court Of
Appeals, to the effect that unless every
part Of an alleged libel Is proved TO be true
the whole article is libellous. Therefore,
~ hoil n,oD op1v opa ~ tho gt a a.