New-York tribune., 1903-04-17
CRIMMINS TESTIFIES.
Continued from first page.

until he had finished HIS investigation. He was
asked il Mr.. Philbin had told him whom he was
representing, and he said that Mr.. Philbin told
him he was representing a large independent
stockhoIder Mr. Osborne in cross-examinatton
asked:
Now, about this 500 100000 bond issue for
the proposed Interurban lease? VIII you ten
us whether or not Mr. Amory told you that the
81. 100000 which we have already spoken
about, and which was proposed TO be paid TO
liouidate the funded debt OF the Third Avenue
Railroad, was not actually asked for by Mr.
VreeIand for the purpose OF paying dividends
on stock?
Mr. Crimmins replied IN the negative.
During your experience with street railways,
did you know of a case where IL cost
S500,0o0 to lay half mile Of trackT
mo; that must be a mistake"
well It isn't a mistake" said Mr.. Osborne
THE Metropolitan company have sworn that
they have paid that much money for that par
ticular kind Of work
]. W. Cunningham. who said he was stock
broker employed by Henry ]. Braker testified
that he met Mr.. Amory at Sherrys about Janu-
ary 50 He said he sent one hundred shares of
stock to the Metropolitan office to be transferred
in the name of Mr.. Braker. Mr.. Nicoll said he
intended to show that ION January 10 Amory
told Braker of his plans for the appointment of
a receiver and on this information Braker sold
Metropolitan stock short. That was the begin
ming of the plot for bear raid.
Odd Braker sell stock short on January Is?
o-Was it Metropolitan stock that he sold short?
Ayes.
Mr. Cunningham said that on January %
Braker sold short hundred shares Of Metro
politan at 139, one hundred shares at l391s and
eight hundred shares at 139. On March he
Sta az on
II three hundred shares at 1872, and on March is
one hundred shares at 1873, hundred shares
at 135 and one hundred shares at 134 On
these short and long sales Mr.. Braker had a
profit of $1,000.
Under cross-exarnination by Mr. Osborne Mr..
Cunningham said that Mr.. Braker had held
through the brokerage office one hundred shares
of Metropolitan stock since April 10, 1899, and
that the dividends on this stock had been regu-
larly credited to his account from that time to
the present, except in January Of this year,
when he was both short and long on the stock.
O-wba+ vrere Mr. Brakers actual losses III"
100 shares Of stock he purchased in 1893? About
$1,000 ,
QGThen as a matter of fact the $500 he made
by selling short and then long this year Gld NOT
nearly make up for his losses on the STOCK. A
Exactly.
G. Rowland Leavitt testified that he was III
the brokerage business and intimately ac-
quainted with Mr. Amory. About December, ne
said An?ory told him ne might have something
Netronolitan company. He met Mr.. Amory sew
eral times after that. he said, and Mr.. Amory
told him the company might go into the hands
of q receiver And l got the idea" Mr.. Leavitt
went on, that he going TO be sort OF an as
sistant to the receiver in case one was ap-
pointed"
Mr.. Leavitt went South on February IL and
got back in sixteen or seventeen days, and when
he returned he called on AmOry and asked what
the DEVELOPMENTS in the Metropolitan matter
were He said that at that time Mr.. Amory sug-
gested that it would be Wen to get a stockholder
who could be used a plaintiff.
o-On the strength Of what Mr. Amory told
vol did you not sell stock of the Metropolitan be-
fore y4l went South? Al did sell some stock
short ,oo
shares of the Metropolitan Securities stock and 500
or 600 shares of Metropolitan stock:
Q-What were your profits? A.-Oh about
5000.
Before adjourni1g the hearing for the night
MAGISTRATE Barlow admitted in evidence news
paper publication of a report by Mr.. Teichman'
an accountant who will testify this evening.