New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-12-28
STATE SENATE INQUIRIES.
CORNERS AND FUTURES"


annexed of the Police Court and which grew out OF the
new methods introduced In the investigation by L. T.
Chttenden, counsel for the committee Trouble nrst
arose in the examination OF Leonard Hazeltne whom
Mr. Chtenden attempted 10 compel to beray the names
OF certain or his and the nature OF some OF
his contracts particularly that on which the
Arbitration Committee OF the Produce Exchange
has ius made decision Mr.. Hazetinc appealed to the
committee for protection and failing to get II took the
matter 10 his hands and declined 20 answer the
questions put After him came H. NJ Fagler secretary
of the STANDARD OIL Company. who had been recalled
like Mr. Hszeltine for examination. Considerable
bitterness OF feeling developed by the questions,
side remarks and insnuatiOns OF Mr. Chtenden In ms
examination, and finally the witness adopted sereo
typed reply all question not bearing directly on 'he
subjects winch cOmmite instructed 10 investi-
gate This reply was briefly decline to answer" The
tendency Of the examinations Of the day seemed to be-
possible to develop evidence in favor Of bl intro
duced in the Senate last May impose special tax OF
two cents 500 OF the selling value OF merchan-
disc sold for future delivery by brokers or others Ihis
bill was introduced by Senator Browning aud referred
10 the committee Of which he is a member. Besides
this an effort was made to show the monopoly
acter the known popularity as the Standard
Oil Company. and give taiRt OF uiquty TO the corn
transactions in when Hustled 81 Hazeitue were promi-
nent last mouth.
Samuel Jaccby treasurer OF the New-York Produce
Exchange was the first witness. He testified & some
length from the last annual report the Schanss He
said that seats the Exchange had been sold within the
paet few days for from $3.50 10 $1,000 and tLtt the
amount OF margins deposited last year was slOlGs1s
which sum thought about or per cent Of the
selling value OF the merchandise represented by
the contracts To Mr.. Chittenden's ques-
zion whether it was not right tnar
business Of such magnitude that Of dealing in u
lures become should not pay reasonable TAX he
replied that h. was familiar enough WIN the profits
made by brokers consider himself competent to judge
M Hazrluues subpoena contained an order thai he
bring books bearing TRANSACT = III which IL trans
pred later that he was in DO way connected lie began
with an apology FOR not appearing on saturday ana
that De mad taken the s1bpnua a. joke OF the
boys. Dr. Boyd assured him that tue committee never
ioked To Mr. Chitteudan's questions Mr. Hlzetne said
that the price Of IL % AMI Fl 10 on the last
day of November and for several days previous
1ut it fell rapidly after December l,
aud cot as low 72i2 cents within
ten days He dd call the transaction referred 10
corner II was an xccseive demand the supply 20
extent FOR speculative purposes, but there was
good consum tive demand, and corn was selling ut the
lime u Liverpool on a basis OF ~ in New-York. Mr..
Chtcnieu called Nj Hazcnes attention 20 the reports
81 an arbiratcd controversy between hs nrm and Lane
~on and asked what the sale Mr. Halenc saidtLat
preferred not 20 give the matter any publicity mil
tue case Vas settled The award mad grown out OF
disputed claim ANA was substantially IN lis favor but
Ae was W. "i4nS 10 eottiu.' I' mes oy Hl"4s
~ta. rusit iot' --lil HDnl H.. i. reh sJIu t".
the fact that an award Of S4246 80 mad been
made afaait lane ceir ON sen Tor r, A. lug
bought oi Hustled & Hazletnc, extraordinary
..Wl'5f 7 am aftsr said he il tie facts"
We'll" replied Mr.. HazIetue you can't get the
facts FROM me tai afler the case rs settled
Another question ~ to what be sale was called ont
AN appeal to the committee for ruling
Bovd said nat it publicly claimed tnat the system
compelling settle uenta Wa great pubic evil ana
inquire into the nature Of the present tran'4ction
tn reupon tire witness said that he would decline 20
.t,a Tp pfyf qNd hat lac gurT
iuttce nsa power 10 compel answer bat could ony
rcuOr reiusals to the senate contcupts that bouy
Nj. Cuttenden pm a number ~ other questions
whether ard WAS not against Lane x son for the
sale Of t4er own property had theJ not Dou-Ai auj
paid Tor the com gu. witch the contest arose; had
moi busted 4 Hazetnc delivered It TO p en-: had uo
busted Hazeiune retained over $4,000 rom
another transaction as damages, and IN" Ike; 20 a.!
of which Mt Uaze.tine declined 10 give answers. tie
also declined to enter upon new discussion Of the
direct lestim or tO sag whether persons
s sS Weeks T before s The set tsa at = 30
Ihen Mr. CD.ttcndeu wanted To know 1e
declined because las answer WOuid sAllect hm 20 prose
cutlOn IL would subject me To d Icule ana lgIOMuy'
SAID tao witness II would degrade me- Tie com
mtees cou.-.l pressed the question am IN an oheu
sivc way. and >lr. iiazeltlne turned 10 Dr. Boyd
Mr. Chairman" he -ald, Il TIM X snoEld have some
protector here The questions are brin- put to me IA
Inc manner OF petty Police Court. I'm a gentleman
aud don't think s.OulL Dr. brought here 10 lie bros"
beaten by LAWYER recognize me II4It OF lhe GO
mee ask proper questions, but recognize also iht
nave dealings with my customers. who are not black
me- me- % '''''' n.y., -
Il
usdersta. q you 70 rule sald Mr. uazelsLe th2t
It Is proper question tnat snail be asked 10 Disclose
the Names OF ny Gust omers. d-"ine 10 answer
What objection Il there to your disclosing inc names
OF person. with whom You deai J. ...,..,
Have they requested you to coRcea! their names =
/" How DO Won know they want them concealed Z"
d" don't know | have some sense 0i pForHety my
.n,t il vorr real objection that persons engaged IN
speculation don't Ike TO nave the fact known J.
ofneT questions pat by the committees lawyer, TO
wncu Mr. Hazetme refused To reply referred 10 tne eK
OF nls purchases Tor uture delivery ana ng Iaes
proper BY Dr. Boyd Finally Mr.. ha1ei.iae sad
You're barking up ~" VIE Ii ,rensacor ~ Th,rn
snow notuiuc" Then Mr. CLitteuden said that the man
the, we're Gfter had gone 10 Michigan
Mr. uazelunt before leaving the room. asked for a
copv ID! hls testimony, and said he Gad come "ltnoul
el advice and clt annoy ed At beng nterrCGaed on
subject which .ould be as cOnndent. as matters oe
tween lawyer and client 80 ,,
Tur r0utry rsy over the prOprety Of Mr. Chittendens
questions ous rcsniued very soon after H. VI Fidsel
TOOK lie sa and IL, however mad br"uEht IS"YcI
wl,n him. whom he turned few Tines ior aaVee'
Mr. CLttenaeu sad tnat u proper that the con- III
tee suOuld know The relations or the eoihpa
ibgt end he wanted the aud properties
OF all the concerns IN created IN nc ru.t MT az
gave the names 40 lar as ne could recouect tHeh ny
were enc -jau-ard OIL Companies OF t.rVtAnq ~
York Ne"-Jersty anu reunS ',,, ''' CannITv
turing company, btVOe M uu i1h ,,'o Con
CnaIics Pratt * Co, Acme Oh COmpdn', camden Son
soi lated OF Company National irluiit GO pmy, ba
tinore UuiteI OH comfy nHP'' Ca,g
dnng Company and Oiieua Vi tolhpauy'
'rc'ins n Irs,tiu. about the methods O dom. 0us
ness OF all ne companies and their relations 10 Iuures
I coriers but ae nd what tine question OF tue
value of he companies property Tad 10 do WIN Tue
question. sir Chiltenden went into the otsInl
zttion of the original standard OIL Company III
Cleveland Onio. wanted 10 know wha1 concerns
IL had bought UuL how mucA Il hai paid Tor th en- no"
mucl the witness cot ns interest n QUO Of th-i
"a uluca took now ne paid Tor ~ WheIh'
received any OF the Increased stock III l. WIN,
the Increase Vas wholly paid Tor ous Of profits OF
tie company, and multitude Of other questions hkt
them. Answers were drutd To all becoLlAs H''''
1T will pay you to be- civil well get on lpore smootf
~" -, g..
snifs eLae " bore Ior