The New York herald., 1879-10-17


cent He has got the nest emo OF the stick and can
make his own terms with tho railroads, Mr.. can
say 1--WE have got 20 much business ana II you Will
make the rate 81 and give me consideration will
guarantee that you Will get your share OF the bus1
ness at a dollar rate
BY Mr.. Baker-Ihis consideration you speak OF Ia
the rebate that is paid. is 1t not? A. Well. they
might call it rebate or drawback or anything else
Q. BY Mr. Sterne-"Mr. A.. Is the Standard OIL
Company, is II notr A. That don't care to answer.
@. BY Mr. Dugud-it the transactions were purely
fair, how could they criminate your
Judge Porter-Ihe pennsylvania Court might look
Mt them otherwise
BY the Chairman--Can you tell US any members
of the Standard Oil Company who can give us this
information? A.. don think could give you any.
The active members OF the Standard Oil Company
nearly all under Indictment
The Chairinan-Mr Scudder here is not under in
dictment but he may refuse to answer for fear he
may be indicted. (Laughter.) The committee now
direct the witness to answer the several questions
propounded
tons concerning the ofhcers and members OF tho
Standard OH Company. the amount of stock and
price, lts connection wth the Central and Erie rail-
he replied. 81 decline to answer for the
stated de was nnauy excused and recess was
taken.
ERIE AND ITS MANAGEMENT.
Alexander 81 Dlven, or Elmira. in ls46 an officer or
the Ere was the hrst witness called after the recess
The ancient history OF the Erie road was first gone
over; S29O0o,OOo represented the construction ex-
penses THAT Is the whole cost OF the road; during
Gouids administration the road was not materially
improved; something was done on the ferryboats
and something on double tracking; slooo'o0o rep
1t was estimated that the total cost OF
renewing the road and cquipping it, II steel rails
were usea. wouia DC s2o6si 0oi II iron o2o;
at present the cnange could be made FOR half those
sums; m
=. By Mr.. Sterne-Ihe Eldridge-Gould-Fisk admin
lstration came III rousn the Hartford ana Erie In
uuchce ulu tucy not! a. DO not know.
Judge Shpman-fhat is not a railroad. They
hayen't ssa ROAD puns pvdi, yet; . not ROD.
Mr.. Sterne-Weii, they were Important enough to
get the Erie to indorse their bonds for s4.5o0ooo
Judge onipmah-Ine ERIE an not indorse the
them.
The Boston, Hartford and Erie road, witness said
contemplated connecuon with the Erie road at
Newburg; they had good deal OF the road con-
structed and 1t was found that about $4,O00.OOO
were neeoeu 70 pieto ~; the Erie contracted 10
lend them this. bonds to be issued for work done;
instead of being made out for s4o0o.Ooo they were
MADE OUT ior ana soon after the Erie TOOK
the bonds ana palu the casn Tor them without the
work having Deen done; witness thought they were
taken at par III that case the debt OF the Erie road
would nave peen increased SoOO0U0O the OLD rail-
road commission, formerly appointed by the state
10 supervise tue r"iroaus' was Witness salu, OF no
use whatever.
WHAT SHOULD BE DONE.
" ny the Cnairman-is IL your opinion that state
supervsion OK i woula DO INJURIOUS 70 tne
pupLc! A.. onihk IL wouiu pe injurious 10 the
pu9iic aor 1 oe " aAe controi ol INC ra'roaos
ana Operate tnenl as otato properly,
Q. BY the Chalrman--That would be ownership.
not supervisor! "A. Weli think tnat 1t is proper
tor the state 10 exercise control over the railroads.
- woa,u oe @ ,of inc state TO under
take 10 manage sne ,,.a ranroaas. @
T. fou thinK pubic element introduced into the
manasement OF raiiroaas would be pre1udiciM to
them or 10 PUBIC interests! A. Not at all
witness was also examined as an expert; he
thongnt aiscrimnations IN raiiroad Ireiehls should
pc done away VIII; snippers Oh ike artices Tor Ike
distances ana IN IKE Quantities should be treated
ailke; IL wouiu DC JUST TO make uinsrence however
between packages and carloads and between carloads
ana tuli trains; Tor eections proxies, witness
thouSht, snouiu pc always accompanied by an al
hdavt stating lhat inc party giving the proxy was
an actuM owner OF II;
" DO you remember bostwick.s control OF tho
Eries yards, az weenSwkenf A. When tno PIX ad
mlnistratlon came IN ne was IN possession OF those
yards; tnere was an eIort made TO get MN out; OIL
Shippers were complaining tnat they could not DO
business in composition with Bostwick; finally they
SAID they wouiu not snip py our road II Bostwick
was contlnuea there; the shipments nad run down
TO nearly bostwicK business; tney hnally got rid