The New York herald., 1878-02-26

snd mills; 1872 So 70 and mills; 1873 81 SO and
7 mills; 1874 81 50 and mills; 1875 81 9s anu u
mills: Is. g. $3 65 9.l0 His company not selling x
much coal now they had some 200 cargocs which
they were boldIug 10 await better times The
competition. 1t would never be productive OF
fancy prices, the witness thought One COM
pany rsr'Dg from the n,m.. association WON would
never consent to speculative ideas. Mr.. Hoyt said
that his company had made a contract with the Erie
road to carry coal special rates. which they would
not extend TO other companies or individuals; but
what these rates were he declined TO answer, as he
dsked say anything that all the parties concerned
might not approve oL The committee lnay insisted
upon an answer when he declined 10 do so by advice
s'oLD sALrn AGAIN TO THE FRONT.
Mr. Alvord, one OF the COMMITTEES, backed up the
witness In his protest, aud said that he was NOT
bound TO answer such question Tho resolution
called for invest cation to an unlawful COM
bnation and how cheap or how dear It cost them 10
get coal over roads was not within their JURISDICTION
The witness, in answer to Mr.. Alvord said that the
purpose OF the arrangement was 10 keep coal at aIr
aud steady price; the momelt II becomes TOO great
or speculative. that moment tho agreement may be
broken. ana then II would be correspondingly low
equitable rates rather than first at fever heat and
then frozen to death we're desired
Mr. Alvord said that he much interested IN
this point spoke foelingy, as the salt company he
Interested In was now bankrupt, aud high prices
had killed II.
BLOCKED coxpLErELY
Nr Samuel Sloan next sworn, and testified that
he was and had been president OF the Delaware,
Lackawanna and Western Railroad for ten years or
he was also president OF the Morris and
Essex, Syracuse and Binghnmton, Oswego and
Seneca Michigan Central, Houston and Great North
ern OF lexas Rome and Waterfowl ana other roads,
tho Delaware, Lackawanna and Western had mines
" whch they worked and then they bought Tor them
and purchased Tor others. Chairman Prescott
now stated that he understood Dir. Sloan was men,
Der OF the Anthracite Board OF Control. to which Mr..
Brisbane his counsel, objected in substance, on tho
ground that no corporation OF the State OF New YORK
with which the Delaware, Lackawanna and Western
read connected was any party IN any respect 10
the so-caed combination.
Mr. Sloan glad the objection had been raised
ana wished to say that he had responded TO the SUBJ
po,na of respect TO the committee and that alone
as he belonged 10 the State of Pennsylvania. He
could not tell any than had already been told II
he tnoue hit best to do so.
rhe committee retired for brief executive session.
aud the majority decided to ask Mr.. Sloan number
OF questions, winch he could answer or not, as he
Ut. These questions were wv neither he repre-.
senIed the Delaware, Lackawanna and Western roads
only. It's leased roads, at the meetings Mr. Sloan
said the Delaware, LaCkawanna and western only.
Was advanced ~ the meetings that the combination
raise the prcc OF coalY Was the carrying Ca
pacity OF your talked oiP What is the capacity
OF your company, IN tons, by the month and yearf
Other questions OF ike character were also submit.
ted but Mr. Sloan refused to answer under ADVICE OF
counsel Tho witness said that tho Delaware Lacka-
wana and Western Company leased the following
roads in tho State OF New York:-Oswcg0 and Syra.
cnsc, Utica, Chenango and Susquohanna Valley Green
Valley Raroad, Cayuga and Susquehanna and The
Valley Railroad.
morning.