New-York tribune., 1879-10-17

Il
MORE ABOUT THE ELEVATED IINfs-PERsIsT-
KST EFFORTS TO GET Al OIL CHARGEs--A
PASSENGER POOL TO BE FORMED.
In Tie Investigation Of the railways by the As
sembly Committee, the elevated lines. the relations
Of the Standard Oh Company with Erie and Gem
trial. the rates for Oi transportation and the indebt-
edncss of Erie the chief topics taken up yes
terday. Benjamin Brewster. j. A. Bostwick, Gen.
cral A. 5. Diven and IL. II. Rogers testified. An i'm
portant meeting Of railway officers will be held IN
this city October 81, and It is expected that
rangements for pooling" Of passenger rates
Will be completed.
WORK OF THE ASSEMBLY COMMITTEE.
TESTIMONY by BENJAMIN BREWSTER J. a. B0sT-
WICK GENERAL OWEN AND II. n. ROGERS.
The Railroad investigating Committee OF
the Legislature resumed the Chamber Of
Commerce yesterday Benjamin Brewster, OF the New.
YORK Elevated Railroad teetned that the bonds OF tho
Manhattan Company Issued the tripartito
agreement representing an amount equivalent 10 tao
stock issued by the other companies and thcrelpOn
Manhattan stock issued TO represent the bonds.
and the bonds cancelled. Tie union OF the roads
necessary
In the public press" said Mr.. sterne. "letteTs have
appeared from Mr. Field and Mr. Tden, IN which 10
stated and from which the Inference necessarily
followed that upon an investment OF little than
100000 Ia this New-YOrk Elevated Road profit Of
OOOO resulted; that wOnd De - 10 al. How do
you reconcile that with the statement OF the cost per mile
that you have estimated here-the actual costF The
witness repi led that Messrs Tdeu and Field went into
the enterprise II broken down, and az what
turned oui to be fortunate To invest. The road
needed money. Mr. Field acquired his interest at
purely speculative, nominal prcn open market, how
ever Mr. Tldon got bis stock afterward through Nr.
Field The stock squeezed out OF the original hold
crs during time OF bankruptcy.
Ia hin
province to consider damages to pfoperty-owuers by
the elevated roads. The chairman sad that further IN
quiry into the elevated roads would be dropped FOR
day two, when might be necessary TO resume IL.
j. A. Bo,twick, the next Witness testified that he bad
been IN the oil business ten years lie paid
S75 900 year FOR the lease OF the Wehawken docAsln
1853 or 1870. For the three years 1s0o. 1870 and
ISL practically all OH the Erie passed through
his hands ~ the lessee the docks Nr. Bostvick -
fused io tell what his In 1865. 1863 and l-9O
were. because Indictment had been found against
him Pennsylvania and the testimony migh; be used
against him. The witness said that he was part
owner OF the property IN sp afih-, used a. the ter
mnal depot Tor OIL coming over the NcW-1nfk central
Toe oli came from silamh.es whetr we ne Amsil%ean %
Transfer t1innai dciiNercu i' al "l gre .aIr tn'
tanks on the New-IOrk Central belonged 20 the COM
paug with winch the witness was connected, ana when
succeeded 10 the irm Of Lombard Ayres Inc witness
refused 20 state what arrange Al tAl-iru between !
and tho Standard Company by which The lat
ter derived "A revenue nom the Niiutsss SaIH. 10
declined 10 say whether the oil cars on the NtN-forh
whether the firm Of Pratt CO., the Acme Company "
other oil companies were affiliated WIN Tie stane@ii;
Giving az b reason thai tue testimony might uc used
against him. Mr. stcrne thought that the commn,ee
Lsd extended this privilege too iat ann ihal III ne ia-
ure convenient ndictmcn.s might cnceiuaiN hioch "ly
,noI and d. iccted lie witness 10 answer TIE qu,s-
lions as TO the oihclr ana aiiaii. or ile
standard and Us rates, past aud ieroi WIN L.ic uLd
he rw-Yofk Central "OfLeivise" saio the chair
man, We shall have 20 return To the LEGISLATURE and
rcucrt tlat standard owns the i'il. maj ici
for oil the Erie and Nev-lork central controls 70
per ccut shipping oi o and 100 per cent oi no
ilausportaiien ari yeI we can't ~ "nt n.s,,.S
about H." Many questions were ask'd in regard -
standard rates ana the relation az the witness 9" no
Standard. ai OF which he declined 10 aDs",r LFln- Ae
same reason - before lie nu hol 4unA s ns 80 a.. ,,o ,
rallr0ad agents or managers were mtet'otcd III inc
Standard, though he refused 10 say hetrr ony were
sand 10 De affiliated with the standard IL also De- used
90 question IN regard 90 the south improve
ment Company, and DeclDed 10 produce the books 0t
the standard Company.
GENERAL OWEN TEsTIFIEs ABOUT ERIE.
General Alexander : Owen, OF Elmira. formerly di-
rector ana vicepresldent Erie, testified In regard
Erie matters He thought that as the Improvements
during Mr. Goud's administration were not very grea
not over 81 100000 la yaiuetAere was nothing ta-t
S25 ooS .oco to $50 100000. The witne~ss estimate
under the DIX administration OF the amount Gec'sart
h. pu the road IN good cohd 'arltu Z! IN
~2OOsl .6J4, according as the tAlrd iail should oe
iron or sfce. The witness did nor know what repre-
srnicd thr increase I'D me nondl ihdr- n-,', t'iI
S2G 3g- 500 september 80. ISL, - S34Zfle4l un
-epeluD, 80. lS7s. the increase m expenditure dld
moi BEGIN ~ approach taf lie la. not IL
crease S5.OUOO0O In travelling over the road its
for and Erie bonds by Fue IN ~ proposed con
tion OF the two roads by brdge Tire Hudson. lus
for which II subsequently had only papers. He I'D
that the railroads pad S25OO 20 the Railroad Comms-
II was 10 serve FIVE years 40 the expense OF te -
roads which were to by PROP prGporo9Sy m gs -
The railroads. The did not think tnat t1c ads
ought TO be- at liberty 20 discriminate against certain
General Diven was cross-exanhed by Judge shipuan
and admitted tnai when he Vas in Eie be rate
the competition. aren't the roads Justified now = asa
Judge -hipman. They are nor Ju-uhei IN opposing
Jaw thar Will do away with tle Necessity oi cutllng
rates." replied tue witness.
Henry Ii. Rogers. OF Charles Pratt Co, was asked
what dividends were paid by the Standard Company
lie declined % answer lie said lai mere was no ar
rangcmeEt between his nrin ans tue eiahdatd ~ 20
freight rates from The oil region 10 the -.a-boaId Aer
many questions most oi whicn ~. witness ti"e' 80 -
answer. T. j. scudder counsel Tor MI hOsris "a Il t''
II committee would dictate some questions ~ te
gtrd to The Standard Company. be wOud himaelf IN,
de,y,r 20 get tie Information from the company aid
would forward the facts 10 the Committee lh' "her
The connlttee adjourned until 10 A. m. to-day. when
il viii hoglut 40 receive evidence IL behalf oi The gal
roads.
AN IMPORTANT RAILROAD MEETING.
THE PASSENGER POOL OF THE TRUNK LINE> TO
Bg FiSALLY sETuED-woRK OF 1HE RAILROAD
COMMISSIONER.
A general meeting OF the JOINT Executive
Comm tee OF the Trunk Lines with their Western CON
nectons Will held October n at the oice Of Com
nissioner Fink Al least thirty roads Will be repre-
sented including the New-York Central. Ncw-Nork.
lake Erie and Western. Pennsylvania. Baltimore and
OHIO Atlantic and Great Western, Chicago, Burlington
and Quincy, Great Western. Marietta and Cii cin-
nan Michigan Central. Philadelphia, Whining
ION and Baltimore. Louisville and NASHVILLE
Indianapolis and ST. Louis and ONO and Mississippi
Colonel Fink chairman of the Joint Executive Com
mittee will preside aud Isaac Markens VIII act ~ see
retary It expected that the members will pc prompt
in their attendance. John King. r first yice-pres
dent of the Baltimore aud Onto Railroad. introduced