Both Uses

preside
in
The Devil and Tom Walker
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The old stories add, moreover, that the devil presided at the hiding of the money, and took it under his guardianship; but this, it is well known, he always does with buried treasure, particularly when it has been ill-gotten.†
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presided = chaired; or headed; or was in charge
Since the red men have been exterminated by you white savages, I amuse myself by presiding at the persecutions of Quakers and Anabaptists; I am the great patron and prompter of slave-dealers and the grand-master of the Salem witches.†

presiding = in charge (with highest authority); or heads; or chairs

Definitions:

(1) (preside)
to lead or be in charge of a meeting, event, or group -- especially in an official or formal role
(2) (meaning too rare to warrant focus)