New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-11-28
FORGETFUL GAS DIRECTORS
WAS MONEY USED WRONGLY AT ALBANY ?
THE COMMITTEE TO INVESTIGATE TIE sUbJtCI-
NIP. Day READY 10 TELL AL HE KNOWS.

Senators Gilbert Robinson and Murphy resumed
their investigation of 'e gas question az thG Htn
formerly director Of the knickerD1cker any ! ~"
OF the Consolidated Company, was the ifst "i'.s S
lie favored the consolidation euu 20 ia &C
shares of conS0li lated stock Tor each ioo snaIcs vi
Kulckcrbockcr that he held ne O S
Stock had declined from 1O4 to 10l unoer me IN
nacuce oil this iHYestlGltlo0, lie was my ~ l"Npt
nj Gyi,g The Dlce IF gas by law. lie said that ne
was wiling to aId the ccmmlttce put ne uiu hO'
believe III having the gas companies raid ed by prl-
va individuals
senator Gilhert-Whdt do you mean
Mr. Ottcndorfcr-I ldean HAT certain man was bearh
TO say in conversation at the hdaer9k i9el is5 s
them 81 30 600 aud that he would mako 1t cost tEem
sj0O. 900 before they got through with IT.
Senator Murphy-Wh was She man
Nj. Oiicnd0rfcr-It was Mr.. sherwood. IT,
John II. Sherwood. prcSldcpt0l inc Uas CVuJI
suncrs Association, was sitting by ana allcMP'Hu
tOreplv but the committee would not pcfbit ann
T. at that tEnc. Nh OttcndOrfer was cNalhneH
further but IKE the other directors could NOT give
the committee the INFORMATION 1t was Sech!is dou'
the details of the constellation. Hch VIZ VIZ H.
lnttec gave Mr. Sherwood PERMISSION 10 spc"h' &c
sand
reported to Mr. OtendOreris utterly untrue ana us
torted SAID thII tnG Houop' smn1 money Tor tIat
purpose last year auA will have to repeal IT,. .. cor
senator GILBERT understood MI OtttlmOHer, % Say
that the Gas Consumers Association wont to AIhty 70
secure legislation for the purpose OF NAMING V''-0 an
M Ottcndorie-I said that one else told ne
that.
Gilbert
vi may Le Thought to lie righteous results bad method
ore used, they none the lCss 70 DC con C',t
charge been made over and over AGAIN int n%e?
was used by the companies to GticaI leelS'.o ZION
some persons seem TO thirk that me use 81 S"e
bad afterall | wish right here 10 deH ounce HS S
1crs99 a. 2IDne e 6eGc scacat ON tbs question
IL any tangible proof or meas are pt,rehgu - .,'o
coaIuittec get at such use Of money us c'l1'e'
VIII sit here and Mt t1cii , a.
Mr. SAcrwood-Moro than one meh'nef OF IT., 'i5
Consolidated Company has said to me tnat hi0"' n%
been expended defeat legislation ana Wouu ~ use"
" senator Nurpny-I tnk that Mr. sherwood shoud be
,,ce on The stand auG tel who these persons W'ctha'
made such statements we Wah' q" tg5 if Mentors Of
senator RobusOn-!I as uhderSt'ti. IT, .I H., fho
the gas compai hes have said here III tAe ho'cI 'lll t
companicsha to Abiny TO dcIgat hc , T
should be summoned here 10 testify.
Mr.. Sherwood said that h would be present to
testify IN The morning rs % what he kew. GeL-
claI Iremaiac tire counsel of the committee th'h
asked Mr. OttCrdorfcr If he knew OF anY move
lucut 20 influence Legislation at AioNF ~ ttl" t
OF the gas com pauIes lie replied that he Qua not
Q.-Di you not know that mere was acomi' ,
apioiatei on That subject am 10 TURNS" I''"''' NAV
~ CHARTS G. 'Frqncklvu was then sworn was
presld mt of tho Municipal Company ahf Is 10"
director ia the Cons ,lidatcd Comrauy
financial condition Of tue Consolidated Company A.
o. Yo3 we're present wien TIC Surfing dividend WIS
deciarcd-waS 10 paper pftSehlieu 80 N " ,'.
which that dividend was declared A "o no.
Q.-Ycn were present at the meeting few days ago
Whtn ""tt t s,t. on when tbs dividend was
dcclaTcd Al 10 remember any. unless IT wa, Tie
sheet nor stl.cnout OF the finance committee.
Q.-Do you know whether or not the carhlnss VIII
rllcI such a dIviirldl Ayes, SIT; mad previously
you remember any papers presented to me
Municipal Company which the BASIS Oh are, l"yl.
for the Consolidated Company was mttci a. 40 nv"
prior to $50 which hal tn, subj under consideration
6ut do not remember any basis Ic'r h'l or "'iI
sencd Icout not tel Row the Vane 81 l.S f.uci y
was determined bur probably according 10 The DINlNeao
Q~Who appraised the Muniipls real estatci Al
doHG know. ,.,,, ,,... 90. ~
'OIDo you not know that the company never paid
Q.-Wcrc they not ault and charged to construction
ow muci Of the Consolidated stock issued to
you! Anne thousand sanreS. r 49,. O.,
Glow much do you retLh now A'-Nc4'' u"t lS
q private Iuatt-r-2,OOO shares
Henry Day. one Of the directors of the Cousoh-
dated COMPANY, was next examined lie tesllh.u
as 10 ;hS purchase 81 Tue S%nt cIa 81 Which was for
the purpose # securing he abrHGltlcl OF an agree
lnent which prevented the Municipal from cAtcLU-
Ing IL mains into the territory OF Inc hLlchtI-
booker
o-You are aInember Of tic Finance Committee Of the
Colsouddtcd Compaay-dd thai Committee l"e,cnt ANY
statement or repurt, anything OF the KIND pre-
scented the company on which 1t declared us tNo dV
iacuds A-No, tiak not The coniiioh OF Ihe com,
pany AMI the facts about the consodaoh were lrc'h
In minds and we did not uecI any sHch reports OF
senator Gbort-It is sin gular tat, # the facts were
recent, fresh il the mind, u The lecGs mat mono
of them can remember much ol anything when they
come here. -,.
Mr. Day-I am ready 10 tell everything know and to
IrcseDt any paper that have. protest against any
Thing b.inE said here that reflects ny honor when
regard as very dear. 1t is customary IN many corpo-
ratlJus of which member TO declare dlNluchds on
the statement OF the treasurer that there Is money
enouch on hand to pay them That done in the case
OF the company.
Mr. Dav could not remember tie details OF the
consolidation agreement. which lea Mr. UlibeIt 70
remark nat they had been unable yet 10 nnu any
one who knew much about il, Or who could tell oi
any person who did know. NJ Day PROMISED t'
CANCEL an engagement for to-day and TO bring hls
papers and try and enlighten the Committee.