The evening world. Newspaper, June 9, 1900, Page 1

Ai CARROLL CALLS. EDITION PRICE ONK CENT. —S————— Swears He Owns 4,200 Shares ms 4,200 Shares of Ice Stock. Swears He Owes $150, Swears He Borrowed 000 for Them. $200,000 from the Garfield National Bank on the Stock. Swears He Paid the Bank $50,000 Only Yesterday. VERBATIM REPORT OF THE EXAMINATION OF MAYOR VAN WYCK BY WHEELER H. PECKHAM, THE WORLD'S LA WYER, IN JUSTICE GAYNOR’ s COURT THIS MORNING. “We call Robert A. Van Wyck,” said Mr. Peckham, The Mayor Jumped briskly to his feet and nervously tugged at his mus- tache as he waiked tu the stand. Q. You are Mayor of New York? A. Yes. Q. You have read the affidavit on which this order was issued? A. I Dave. Q. What do you know about this matter? A. You had better ask me) Greet questions. Q. Have you any stock in the American Ice Company? Q. How many? A. 4,200, When d.. you first get the stock? A. In ‘99. How many’? A. Five thousand shares. From whom? A. C. W. Morse. President of the company? A. I don't know. Have you purchased any since? A. No, Anything else? A. | acquired some stock by exchanging stock | Owned in the Knickerbocker lee Company, of Maine Q How did you happen to do this? A. | recetved a circular offering this exchange in May, 1899. A. T have. ecccce Q. Did ;ou purchase all this stock subsequently to becoming Mayor of this city? A. | did Q. Why did you purchase stock in the Katckerbocker Company? A. Be- cause it was paying 4 per cent. on common and 6 per cent. on preferred. TRUST HAD NO DOCK PRIVILEGES. Q. Who advised you to buy it? A. Mr. Morse, Mr. Carrol! and Mr. Geishenen Q You and Mr. Carroll are intimate friends? A. Very. Q. Did the Kuickerbocker lee Company have any docks in the eity of New York? Q. As Mayor of the elty you would know? Q You would have some information, would yeu not? broad enough to follow everything. Q. You know what the Dock Department is doing? A. In a general way, A. Never had any property in the clty or State of New York. A. Oh, no, sir. A. No mind is | Q. Do you know that the Consolidated Ice Company had dock privileges | fn the city of New York” A. No, sir, Q. Now, tell us when you first knew anything about the American Ice Company. A. After it was organized ja March, 1899. Q. How long after that did you exchange your holdings in the Knicker- bocker Company for American Ice Comany stock’ I don't remember. Q. Did you know then that the American Ice Company intended to do business in New York’? A. No, sir; | did not. They were to do business, I understood, in territory not covered by the other companies. Q. Then it was your impression when you purchased this 5,000 shares of stock that the American ice Company was not to do business in New Fork? A. Yes. Q From whom did you purchase that stock? A. From the Garfield Na- tional Bank. Q. Did you pay for it then? @ In what? A. A check. @ Did you borrow the money? A. Yes, sir. Q. How much? A. Several thousand dollars. A. Yes, sir. | @. From whom did you borrow it? A. From the Garfleid National Bank. BORROWED $31,000 FROM GARFIELD BANK. Q. Did you borrow all the mony? A. No, sir. My recollection is that I borrowed 75 per cent. [ think I borrowed $16,000 on 550 shares and $15,000 on $50 shares. @ Md you borrow from any one else? A. No. A. Did you have $15,000 In cash of your own at that timo, A. Ob, yea, oir. Q. When you made the purchase was it agreed at the bank you should | borrow the money’? A. It was, sir, Q. Was there any guarantee you should be protected against loss in that stock? A. No ’ G, Sars. 7m anit Nach. tap Oapet A. T have. you ee et ere St Wiad ot | “MORSE ALSO GIVES: VAN WYCK THE LIE. | "Did you advise with Mayor Van Wyck about ice stock?” asked Mr. J. Noble Hayes, one of The World’s lawyers, of Mr. Morse “No, I did not!” PEARED AEEE EEE OEE EET OOH Oe to sell me 5,000 shares for $250,000, Q What was the market price then? A. 1 don't know, I understood the stock had been underwritten and I got the rock bottom price Q. How did you pay for this? A. $50,000 in cash, one note for $50,000 and two others for $75,000 each, Q. On what banks were these drawn’ A. One for $35,000 on the Garfield | National Bank and one on the City Bank for $15,000, both drawn on April 11, 1899. Q. Have vou taken up your notes? jare still outstanding. Q. Are they demand notes? Q. How jong? MAYOR PAID OUT $50,000 YESTERDAY. Q, When did you pay the het note? A. Yesterday I paid one for $50,000 Pee ee ee tore oe PEE Ceo Coeur. os A. Two notes for $75,000 each A. No, #ir. They are time notes. A. Four, five ani six months. Q. Did you deliver any collateral to the Garfleld Mank? A. No, sir. 1 never bad the stock Q. Who did? A. Mr. Moree, I supposq Q. Did you receive the dividends, A. I did Q What were they? A. Ten per cent. Q. And the interest on the notes was what? A. Six per cent ‘The Mayor, in reply to a question, said: “When | made the renewal of | the notes a block of stock was worth $81,000, but [ sold it yesterday for | 968,000. The note called for $75,000, s0 I lost $7,000," Q. Did you take an active interest in the American lee Company? A No, air. Q. You knew nothing of its management? about its management or advised about it Q Did you know the Ameriean Ive Company was to have a monopoly of the ice business in this city’ A. No, sir. Q. You say that you did not know that the company had a practical monopoly of the dock privileges of New \ork? A. I never knew they had any leases. } Q Did you know that the ice company stated to that it had control of all docks In the city? A WHY THE MAYOR TOOK A TRIP TO MAINE. Q. You made a trip to Maine recently’ A. Yes, sir In May Q. Who went with you” A. Mr. Carroll and Mr. Morse. | Q Was the latter President of the ico Company’ A. No, but | knew he was largely interested. | Q Was it on his recommendation that you pur but all such stocks were on the boom Q. How long have you known Mr Morse? A Two A. I never knew anything | the Stock Exchange Never knew it. No, sir hased stock? A. Partly, or three years, Q. Who introduced you? A. I can't pemem)y Q. Wasn't it friend Carroll? A. Very likely | Q. When did you go to Maine? A. About May 2 | Q Where did you go? A. To the ire region. Then we went to Mr | Morse’s home. And then, the next day. we went to. gusta. [ am not quite ee entinued on See on) Page On Move, Of at 61. Leste. f-ayaey rete’ NEW YORK, SATURDAY, JUNE 9, CONTRADICTED! ‘BASEBALL # RACING _PRICE ONE CENT, = ae alle! nal Hea! — VAN WYCK FLATLY John F, cond aie viene on the witness stand this afters noon before Justice Gaynor in The World’s pre- ceedings againt the Ice Trust surprised everybody ~ by giving the lie direct to the Mayor. He swore © that he never advised the Mayor to buy ice stock. At the morning session President Gelshenen, of the Garfield Bank, and President Morse, of the Ice Trust, both said the Mayor lied. Wheeler H. Peckham, The World’s lawyer, de-— clared that he proposed to prove by the present — proceedings that a conspiracy had been entered inte Justice Gaynor ruled that testimony tendi ——. |to prove conspiracy would be admitted so far as £ concerned city officials, Mayor Van Wyck went on the witness-s' and confessed that he owned 4,200 shares of si in the Ice Trust. fn Under the skilful examination of Wheeler H. 4 ’ Q 0 4— 7 Peckham, The World’s lawyer, in the proceedings” brought by The World under the “anti-Tweed” ~ provision of the charter, the Mayor swore that he — N EW "7 . K. had not yet paid for his stock. 0 j 0 i Q tI 3 ol He confessed that he had been receiving 10 4 President Gelshenen, of the Garfield National Bank, hess stand swore “The Garfield National Bank never loaned the Mayor a cent!” on the wit- ST. LOUIS. cent. dividends on his 4,200 shares of stock, ale though he still owes $150,000 for them. In other | words, he borrowed money at 6 per cent. to pay for the stock and pocketed 4 per cent. for himself. He — swore that he borrowed $200,000 from the Garfield. “vss | National Bank on time notes to pay for the Ice stock, _ : * Igiving the bank the stock certificates as collateral; Yesterday the Mayor paid the bank $50,000 in cash, / but he still owes the balance, $150,000. ‘ President Gelshenen, of the Garfield National - | His testimony Cre ley engled ané | (ae came No rune, "|Bank, gave him the lie direct. ated a sensation when he said: “The Garfield National Bank never loaned Mayor 4 Van Wyck a cent.” President Morse, of the American Ice Com- pany, swore he never advised Mayor Van Wyck to buy stock in the ice company. He said the ~ iprice of ice was advanced because of a short crop | and that the price was cut to 40 cents Decrasnaf | sharp competition. This is a direct confirmation of The Evening World's exclusive announcement on Thursday that the Trust had reduced the price —~ Of ice. “Morse — the price of ice has bean jcut to 40 CEN ’ John F. Carrol ‘the Tammany leader, tesit that he had $20,000 worth of stock in the idated and $35,000 worth in the Knickerbocker Companies. At present, Mr. Carroll swore, owns 5,000 shares of stock in the American Vey bing etruct No runs. » Hickman ‘Sied a» Suaies BROOKLY™ VS. PITTSBURG ENO . Company. 1, Pepper 8 The hearing was adjourned at 430 wail "2s RESULTS AT Newport, ps PIRST RACK—Maw Fleck sine 2 Bina Oe FS A lM. 1 A he