In re the Application on the Part of the People of New York

Paul D. Cravath, the respondent, an attorney and counselor-at-law, was subpoenaed as a witness before the grand jury, and, having been duly sworn, was asked by the district attorney to testify as to what Thomas F. Ryan, his client, had told him in regard to the sale to the Metropolitan Securities Company of a certain railway, known as the Wall & Cortlandt Street Ferries Company, regarding which sale the grand jury was conducting an investigation for the purpose of ascertaining whether or not “ the said Ryan and others in connection with the sale of the said Railway Company had stolen the sum…