Morning journal and courier., 1886-03-18
News by Telegraph FROM ALL QUARTERS. PAN -- ELECTRIC STOCK. A Spicy Tale Of The
 Company TOLD BY ITS PR0JECT0R. Annual Sessions In The
 Bay State. THE TEXAS PACIFIC OPEN. One Section In Complete Running Order.
THE TEXAS PACIFIC OPEN.

A kks Dr. Rogers Tells How He Formed The Company And How He Got Public Officials To Take Stock-Men Who Would Not Be Assessed Hut Were Willing 10 Accept Dividends. WASHINGTON, March 17.-Dr J. w. Rogers was examined by the Pan- Electric telephone
 committee to-day. He stated that he was
 practicing physician and had been connected
 with the Pan-Electric company since it's foundation. The company was formed at suggestion of L. G.. Hine in 1881 or 1882.
 In forming the company the securing of we'll
 known and reputable names was suggested. Witness wrote to and called on General At
 kins, then chairman of the House Committee
 on Appropriations. General Atkins was
 pleased with the idea of becoming stock
 holder. Subsequently he saw Senator Har-
 ris and MT. Atkins on this subject. Witness offered to each of the gentlemen named some
 thing like $100,000 of the stock on basis of $5, 900, ,000 They hesitated about going into the company and nothing was accomplished at the meeting. It occurred to witness that Senator Harris might feel appre- hension about the propirety of join ing the enterprise, so he wrote to him about this and received a reply in which the Senator stated that he could see no impropriety in holding positions and MT. Atkins and himself becoming interested in the enterprise. The witness then detailed the manner in which others in official life secured stock; how the company grew; how stock was disposed of; suits instituted, etc. He told how the difficulty had sprung up be- tween members of the company. Witness was anxious that money should be raised to establish laboratory for the development of his sons inventions. Senator Harris and other members refused to be assessed ''They were willing that the money from the sale of stock should be divided among the stockholders, but refused to be assessed for any purpose. This did not think fair or right and we had some words about it." Witness told how Colonel Looney had been taken into the Pan-EIectric company and how he sold the stock of the company Colo mel Looney, according to witness, was very enthusiastic over the invention and enter prise. Down in Texas Colonel Looney re- ported much enthusiasm. saying he would the wire fences and that women and children were crying for it. There was laughter at this remark, which moved SoAOAAOA ney reported the people in the South "as crying for the Pan Electric stock" Dr. Rogers went over the list of States for which franchises of the Pan=Electric company were sold for a price of $10,000 for each State. The sales were negotiated by Colonel Looney and General Boyle Of Missouri. The franchi- ses were sold for Tennessee, Texas, Illinois, Alabama, Pennsylvania, Maryland, Virginia and the District of Columbia. When Colo nel Looney came into the company he was given $500, ,000 of stock. Other members of the company had tried to get Looney to come in, but they offered him only $50, 900 of stock, which offers he spurned
 Chairman Boyle inquired of witness how he came to send Congressman Beach, of New York, SIG, ,000 of stock and a poem. Wit ness stated that it was American Postal Tel egraph company that he gave Beach, that he was advised by Dr. Hassel, of New York, to get some well known eastern into the Postal company as they would help the sale of the stock. Representative Robinson, of New York, was presented with $10,000 and pamphlet containing the plan of the company. Mir. Robinson spoke favorably of the enterprise. Witness called upon MT. Beach in Washington and talked to him about going into the company. Afterward witness sent Beach $1O, 1000 of stock and gave him some rhyme in transmitting the stock. Chairman Boyle inquired if MT; Beach retained the stock. ''Oh," 
 of disgust, "Mr. Beach is too stupid to do anything" Witness stated that he had no idea of influencing these officials in their off cial capacity, his idea in giving them stock
 was to get their personal influence. "Oh," said he, 'Tve given away millions of stock for this purpose"
 "Are you a man of meanss" inquired Chairman Boyle. "No," replied witness, ''I am as poor as Jobs turkey"
 Referring to the value of the stock he held at this time witness stated that Colonel
 Looney had within few days had offered him ST. ,500 for his Pan-Electric stock. Witness heard Colonels Young, Looney and others mention a suit to be brought by the government to defeat the Bell patents. He wrote to Attorney General Garland, but re- ceived no reply. He stated, however, that Colonel Young came to his house and said he had an interview with At torney General Garland and the latter had promised to bring a suit against the Bell company in the name of the company, but the Attorney General would leave the suit to MT. Goode. MT. Rogers de- l nied that anyone representing the Bell com pany ever approached him in reference to stock or the impending controversy.