New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-11-09

Ts;tisats tho aayisssiy Of s6s tsrminaton q the y
Rad , rom this extracts stating that the company wa
% s s s cans dsS a was 70 nJ pay
Largo for business Of the magnitude that It transacted
m S sd Ss $ asS
now ya respect contained no statement that he wished
aerward gave notice that they should put the whole o
Court might not be prejudiced By garbed extracts.
TALKING ABOUT THE LEASE.
Mr. Little continued that C. Knight of Philadelphia,
first spoke to him about the lease aud Mr. Gowen next
Milton H. Sanford, Warren Alderman, Baltimore
man whose name he did not know, living In New York,
John Kean, Ex-Governor Randolph Sidney Shepard,
Treasurer Knox. Superintendent steans John Xean Jr
Anthony Reckless, 4. @. Brown Chancellor williamson,
Mr. Watson John Taylor Johnston George W. de Forest
f. A. Potts, Charles Parish, william H. Tinghast and
Garret Winnlns, Mr. Little said had talked
with him about the lease before it was executed:
He did not wheu he had first printed copy OF
lease but thought about the time 1t executed.
He did not know that the copy he saw had on It's cover
Information" He di3 not know that there had been
two editions Of Sa the been %se IN S es Ss dnes
1t had been executed On redirect examination he
said that many nsmes n 5d ud ne G
came TO the Office in and talked with him about
the proposed lease. Mr.. HOey, Of Adams Express Com
pany had talked with him on the subject There were
about 5000 employees OF the Central discharged when tue
Reading The Central now had nothing whatever to do
with the operation OF the road There arrange
ment or understanding in connection with !ne
papers presented TO the Chancellor MI LAttle
been ended except the that adopted Negotia-
tons now pending by which all the boating debt
Mr. Conking cross-exanined Mr. Little to his having
talked with Mr. Hoey about rho lease lie saa taas tne
conversations took place the ferybo between new
York aud jersey City, aud that Anthony Reckless was
I'm Your opinion" asked Mr.. Conklng, "f
prudent man were to examine o, n9 Ce nf
earning per cent and that with an independent organi-
ZaOn OF its could make the same favorable run
likely 10 think the property would better Investment
If it we're leased to an msoyent company with per
/ think that he would", replied Mr. Little . Il the
road necessary to give tne inSoSeht a
outlet to and opportunity to handle te Dusinesot
other connecting roads c0nnectedOr u Oe cohnecte
it, The Central has been ears Dull nag
always paid ils guarantees on leaees believe the Read
ting would default in the interest on vs. tst MOI sas
g Is1 yon mink the Reading can earn the per cent
which it guarantees from the CentralP
"My opinion would be OF little value" ,.,,
Possibly / might in that, but neYeTtheessl
should Ike answer 10 my question:. r, 1900
mean for the whole term Of the lease think It can
You think they have 800 years they can 10 axe
tf" ~
:. think they can make it in the second year"
" Could they make any more e. 49,. oo..,o.,
TO increase their business they can make Rsr cent ,ra
it does not accomplish those designs II % nave HS'u
work to make the per cent II guaIant ees. a.,
Could it make per cent the second year Y
4" 1 think not"
:" The third yearP . ,r,....
1t might I think in five years viii be one OF tho
stlcases ever made" 49,, .......
DO You believe Mr.. Governs published statements a
to the earnings of the Central being per eentF
Yes ii ought TO these mouths
Is 1t earning more T.
Yes, this month"
Seven per cent T.
"Yes."
Eight per cent r.
To Sir Kaercher Mr. Little said that these earnings
were for this part of the year only which was tne most
profitable part for the company. 10 M COnkIlng no
said that any lease arrangement whcn secueu W up
Central the same business that this did would De Juss
ds profitable 49,, ,,-.-., 80. .oIioS
" W. stearns superintendent Of Central las eisea
and testified that the yane OF the eqpnens nse i0e
ehgh aud Susquehanna business was about S'VVoVOv.
which were OF except for that business seventy
per cent traffic the road had come irOh TUG LIZ
high and Susqueuanna for the past three years
On animation Mr. COnklng tred 10 snow udt
the Lehgn aud Susquehanna business WOuld natuiHn,
and AT any rate the Central lease OF no eAseI
but did not succeed Finally by series OF hdenhite
questions wound the witness up completely anu lhcn
tragCaly exclaimed: =, -, s....h. oo,,os a.
$50 1t amounts 10 just this, that II the freight coesh
comes and If il doesn't come, II doesn't come - a.,
Bewildered Mr.. Stearnes guessed II did ana was ul'
missed The hearing was adjourned until Monday MORN
ing when 1t will be resumed in Mr. Covers ONCE ~
mil de