New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-02-21

Stock Exchange Committee Sad 10 BE
Considering Raid on Metropolitan
Mr.. WHITNEY HAS SOLD NO SHARES.


The bear attack on Metropolitan apparently
spent its force completely on Thursday. for' win
the absolute lack of confirmation of any OF the
rumors which lad been put in circulation. anu
the issuance of official statements circumstan-
tally denying the truth of those reports. the
Metropolitan issues and with them the general
list recovered yesterday the ground lost on
Thursday. Metropolitan Street Railway closed
at 1394, net gain for the day of w points,
and Metropolitan securities closed at FL
points higher than Thursdays last price
The following statement was made yesterday by
William c. Whitney:
The regent raid upon the securities of the MetrS
a statement published some days that had
sold 30 GOO shares of its stock. did not affirm or
neen followed by an avalanche of lies alleging de-
thar ne inference to be drawn was that knew OF
something adverse to the property and was there
part IN the general scheme ! therefore wish M, to
sad .hat haye not within SIX d Know of
no reason for selling it.
Reports that the Stock Exchange authorities
would take official cognizance of the Metropo
tan incident could not be confirmed yesterday.
special meeting of the governing committee
was held at + O'Clock yesterday afternoon. 1t was
said, for the purpose of discussing the raid on
Metropolitan. but no information on this point
could be got from members or the committee
Mr.. Whitney, Thomas F. Ryan and several
others prominent in the affairs of the Metro
poIitan Street Railway were in conference yes
terday at the Morton Trust Company with Paul
D. Cravath, the attorney. De Lancey Nlcoh' OF
counsel for the Metropolitan Street Railway
Company, afterward had talk with M whit
ney. and then the latter started for Aiken D
{. Mr.. NicoII would not say what the talk was
about.
District Attorney Jerome yesterday contra
dicted a report that he had been in conference
with Mr.. N:coll regarding plans for prosecuting
persons responsible for raid on Metropolltan
stock He said he had seen Mr.. Nicoll on
Thursday but not yesterday, and their CONVEX
s ion had no relation to the metropolitan "'iee'
Railway Companys affairs.
The attack on Metropolitan has recalied 10
the recollection of Wall Street the Brooklyn
Rapid Transit raid of 1899, Unfounded stories
of coming strikes of employees of the Brooklyn
Rapid Transit system were set in circulation re-
ports of impending receivership for the cor
poration heard, and series OF pald ao-
vertisements signed Truth Seeker and Path-
finder" prejudica to the company appeared
during period of many weeks in various pup
locations Finally the Brooklyn Rapid Transit
Company offered reward OF -S2o,Ooo Tor lhior-
nation which would result in the conviction of
eDONN
it's property. and the grand jury in December.
1899 began an investigation into the sources OF
these rumors. Among those who were sub
ppnaed or volunteered their testimony were
Talbot ]. Taylor. of Talbot j. Taylor q Co..
and Edward d. Jones, the firms mana
ger; J. S. Bache. of j. s. B2che Co..
and two of his employees and several other
brokers. Several indictments were returned
Charles T. Davis. of the men fndict-
ed was the publisher of a sheet known as
The Wall Street Review in which many at
lacks upon the Brooklyn Rapid Transit Com
pany appeared. Davis, u hen arrested. said he
had known James Il. Keene for thrty-one years
but Mr.. Keene denied that while he was resi-
dent of San Francisco he had been acquainted
with Davis Six indictments in all were found
Alfred r Goslin, whose career in Wall Street is
we'll known: Davis. Eugene L. Packer and Henry
Bogert indicted foI conspiracy to depresS the
price of Brooklyn Rapid Transit stock. were
placed oil trial o. June % 1900, and Henry j.
Alexander and Warner T. Allen were indicted
for felony. Alexander turned States evidence
testifying against Davis and the three men on
trial with him. Goslin. Packer and Davis were
convicted, Goslin receiving sentence OF SIX
months in the penitentiary and a S1on tlt1e, ana
the other two getting each three months mprls-
onment and a fin of S2Io Bogert was &C
quilted, by direction of the court