New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-11-27

pO0
PARTMENT INvESTIG ATloN.
The tcst,mony taken yesterday in the Dock Depart
voent investigation by the Commissioners OF Accounts
,lated principally 10 expenditures for dredging me
I,vs sims On adjournment yesterday Mr., Clark an
pounced that the remaining sessions this week would
he devoted mainly to the dredging question. Next
Ueet he said tho principal officials o: the DOCK p9-
oartmenf would be examined. President Post "ouu
he nut upon the stand Monday Commissioner Mat
,hevs on Tuesday. Commissioner Cram on WednesuSs'
and Engneern Chief George s. Greene, lr. on ihu's
day. ,u,o,
Chandler r. Loomis. the president of the snioh
Dredging Company, was called 10 explain 10" ms
,omoanv could make slo7 900 net profit OUT oil 'ne
ctv in wear as the testimony OF surveyor iho"Pson
last week indicated. Mr.. Looms' whose plnsoi'
salary is a. 500 a year. has been ooii"' ". -
company n the capacity first oI sup -,
afterward. OF president since 1873 ne sau oia' NO
owned 12l shares of the STOCK anu N,eD "' S
~ Tho other stockholders were Z. u behsoh'
~ . ooro 80 shares Mrs. NJ. L. Francis
- - vo-t CITY, eighteen shares r. '" bafKer' OF
Sracuse Ten shares, and C. ". Francis seco'ar. VI
- .o,snv one share. MT LOOMS ahmt'e1 'hst
n nanv did little work except Tor the CITY aud
- ~ 10 ether dredging firms or companies got dre1s
10 ., IN Of consequence from the Dock Commissioners
ne, COMPANY had obtained the lions share Of the
.,,ys dredging during the last ten years. The con
,racts for the work he said, were obtained on the
,r,asurers orders, and not by public bidding MI
Ioomis also admitted that by his request many OF
the orders were split up'-some into dozen smaller
orders-tO facilitate payment
The Union Dredging Company. the witness SAID
had declared but one dividend since 1884. This was
Cor 100000. There had been $4,000 of profit since
,ben but the books would show that most OF this
had been put into the plant. Mr. LOOMS tod whlch
hanks the company deposited in and promised to bring
his oash-books, checkbooks and stubs to-day.
When the Corporation Counsel began to inquire
critically for the items which went 10 make up the
zoe, 90 running the concern Mr. Loomis's recollection
,.c,,oe en- untrustworthy that Mr.. Clark after sue
cosson of failures to revive il agreed TO proposition
from the witness permit him TO send ior he "eohs
balance sheets which Mr.. LOOMS assured MI. CIarh
would be found TO contain all the Information Nc
wanted about the company's affairs Before leaving
the stand Mr. LOOMS swore that james j. beiuen A"A
no interest in the company and haa Posse'S0U "'"
since $50 ,, . h,,die ~ papers which he
Ar LOOMS Galance sheets of the Union pledg
i|S Compapy but they had evidently been prepaIu
nanv,H dealings with the city Corporation Coansei
Clark soon found out After pr. ~ arl the while
hat he was sincerely trying 10 explain tsei was
iacory, Clarence W tranSit st ne kocW les about
lie alleged balance sheets than Mr. LOOMS, annonS
the compsnys expert accountant anu was nsy ended
for the day by sending expert 0f the
nf Accounts 10 the cOmpanys Office al No % riio-'
IN examine the books. ,
The hearing goes at IL a. M, TO-DAY Cc,omis-
Tho Dock Department has furnished me W, dnne
ns ~ Accounts a schedule Of Tie dredging uohc
by people other the Union Dredging shnRRs
Sssor Nav / 1879 TO April 30 lo-9. IL snow" "a
totsi for the ten years of but S115oo@ ~; NJ
total however, includes 3o;244 81 2Ip Ioomis as
l. nresident of the Union Dredging COMPANY, ~
being Independent OF the Union Dredgng t" dtede
account The total amount actually pau 10 V,nst
eCJe is therefore but S654l7 s. OF TINS the idasS
49, tcr any one wear received by me Aua Il
Dredgnc Company, Sl5203 so, in 1eo'' Iho sh"i'0
wa S3OO bv 7. sanford Ross, In 1854. .h. no
district Attorney Fellows said YESTERDAY ,hS om
rro,ld NOT take any action the facts Droush ou
On the Dock Department inves igstqn untl nv a. -
mony was submitted him. lie SAID thsI ne - W. 80
i,nor what he would when he did receive te tesI.
nonv rs he had not considered the maiief ana wOuu
not consider IL on the reports published IN the neN -
nanerS He would take any steps that nliBh' w
ppacessarv when the facts were laid before him.