Savannah morning news. [volume] (Savannah) 1868-1887, 1886-03-23
GARLAND INDIFFERENT.
NO ACTIVE INTEREST TAKEN
IN PAN ELECTRIC.


A Letter to a Lawyer the Only Aid he
Extended in the st. LOuts Suit--Mr.
NOung's signature to the CertificStes-
Only Four Sales of Stock Made by the
Company.
WASHINGTON, March 22.-The exami-
nation of Casey Young was resumed be-
fore the Telephone Investigating Com
mittee this afternoon. Mr.. Young said
that after the fret meeting of the board,
when it had been agreed that no stock
should be sold on individual account, DIR.
Rogers had transferred $S33 $50 in stock
to Mr.. LOoney. That gentleman had
come 10 the witness and wanted some
thing to show that he held an interest of
that amount. The witness had declined
at first, bu / upon Mr.. L0oneys insisting
the witness signed a paper drawn up by
MIR. Looney, showing that Mr.. LOOney
was entitled to 1888, $3.50 in stock when it
should be issued.
REGRETS HIS ACTION.
A number Of these papers came to the
witness aud he had signed them at first
to oblige DR.. Rogers, but when he learned
that certificates were being peddled about
town, he resolved TO resign rather than
continue party to the practice. SO he
had called a meeting of the stockholders
at the Ebbitt house on Jan &c, 1885, and
it had been agreed that all outstanding
papers that the witness ''had been foolish
enough to give" should be called in and
replaced with certificates showing that
the holders of the paper would become
entitled to the stock when the validity of
the patents had been established.
CALCULATED TO DECEIVE.
The witness had suggested that action
because he believed that the outstanding
papers were calculated to deceive persons
as 10 their real worth. There had beer no
objection on the part OF any stcckholder
to the lire of action suggested. Mir.
Young produced and read the minutes of
the meeting TO substantiate his statement,
and exhibited the book OF certificates pre-
pared in accordance with the resolution.
The outstanding written certificates had
then been called in, said the witness, and
formal certificates Issued instead. The
witness had told his clerk to close up the
old stOck-bOok aud draw up a balance
sheet showing the interest Of each snare
holder. The list numbered 81 persons,
and Mr.. Young went over it ld planned
how each person got bis stock.
THE ONLY SALES.
In addition to the names Of the organ
izers OF the company it incuded the names
OF a number OF small holders who had
gotten their stock from DR.. Rogers. The
company never sold a dollars worth of
interest in this concern excepting TO Sem
ator Vest, Mr. Howard and those two la
dies Senator Harris' friends), }, said Mr..
Young emphaticailY, in answer TO a ques-
ton by member OF the committee The
witness said Mr.. Atkins was not a mem.
Der OF Congress at the time the contra CT
was drawn. The witness was a Con-
gresham elect, but Mr.. Atkins went out
on March 4, 1888, while the con-
tract was entered into March 10.
DRUMMING UP coNGREssMEN.
The witness remarked that he wanted
to say something in reply to all OF this
talk about drumming up COngressmen
and having no money in the Treasury.
The orIgiHatoTs had, he said, contributed
about $1,000 at tue beginning, and the
Witness idea had been to use their own
means in ''puttiBg the thing In operation" !"
While nobody had objected, yet that
course had not been followed. and while
they were talking about il those gentle
men the Memphis peOple) had offered TO
buy the State ght. 1--WE were talking
about selling stock" said the witness,
''and I said: "A good many people have
spoken to me about 1t, but never offered
to sell or give share to any member of
Congress. l did not want to scatter it
arOund.'
ANXIOUS FOR SLICE.
81 suppose fifty members of Congress
talked to me, but as l said to Harry
Rogers, they were not the sort of people
| wanted. ] did not think members OF
Congress were worth mucn in business
matters. No member offered TO buy a
dollars worth OF stock from me, nor did
l offer TO give it to any"
Mr.. Ranney asked II the witness could
tell what memOe OF Congress he had
conversed with about the Pan Electric.
lie replied that he had talked with
Messrs. Dunn, McMillin, Taylor, Hop
kins, and Stockslager. There were iiity
or more at least. and the witness could
not mention all OF them. They 1.-THE COM
paDy )did not dream that Congress would
ever have anything to do with the tele-
phone, or that legislation would ever re-
suit.
MR.. GARLAND NOT ACTIVE.
The witness stated in general terms
that this company could never get Mr..
Garland TO do anything. He attended but
two meetings and never paid any atten-
zion 90 the company. When the company
mad suit at 81. Louis they tried 10 get