New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-02-17
PRESIDENT LEWIS on THE RACK.

INTERFERING TESTIMONY BEFORE THE ASSEM-
HI.Y's coMMrTTEE-DAMAGE DONE TO THE
PROPERTY OF THE COMPANY
President Daniel Lewis of the Brooklyn Heights
system. was a witness before the Assembly Trolley
Investigating Committee yesterday The Brooklyn
city Railroad. he said, paid IA per cent annual dIvi
deuls until $50 when President Hazard made CON
c~ssion~ 90 employees and the dividends were reduced
20 per cent, The Brooklyn Heights Company
leased the Brooklyn city roads agreeing TO pay 10
p~r cent year the capital. pay taxes. interest
bonds. license fee FOR and other fixed
charges The capital stock 81 the Brooklyn city
was f''poyl. with a bonded Indebtedness Of N."noD.
The capital stock has since been increased 10 So
co'"o and thc bonds 70 sGc"cD The 10 per cen,
promised haI been paid to date. but the Brooklyn
Heights system dil not earn nNed charges.
The Long Island Traction Company was organized
under the laws ~ Virginia IN March ls93. with
capital ~ fts's). by some men interested In the
system. hccu-. Ia that State stock could b. issued
FOR l'ss than par value. As matter Of fact The
Traction stock Uns ISSUED for T. cents on "A dollar
and IN. amount realized was i"o.cO. that provided
the guaNnt-s FUND. The fund was lodged In several
banks and the SECURITIES wtrs negotiated by bank
srs. The Long Island Traction Company. the wit
ness continued. owns or controls all OF the Brooklyn
Heights Railroad Company stock including the thir-
teen shares which quaf, the directors OF the Brook
lyn Heights road Under IN" organization OF ui"
Long Island Traction COMPANY %" traction STOCK
holders OF the nrooklyn CIV Railroad a, Is cents
on the dollar. and S"Ho" went 10 outsiders at the
SO 'hen said Mr. WINS indicating circle f., in
m" air with his index Niger. ""e have circle To-,
10 Ia. brooklyn Heights Company. and through
Brookiyn civ iiy" Gompany'" Mr. lewis nodded his
head. and sall that the traction company and the
not. Mr. Lewis admitted hat a." Brooklyn CITY
Railroad stoo khodcrs not only resci'e 10 per cen,
net clear ~ all taHes last year but also an extra
per cent from The surplus ana bond premiums.
The witness said that In 1901. when horses WEI,
used exclusively, seven persons we're Killed IN lN'
Ten were killed Tn" volume OF frame meah"hlIe
Mr. Iewis. during hls investigation. said: AN
Other point which want TO maze PLAIN Is nus
That this question Of WAGES Is resuat.I by drnnnd
and supply The same laws that control the price
OF butter control the pric" OF labor. We were pay
Ing our men higher wagcs than the market rae -, "a
have secured ali the men We need 10 run our cars
Coming down TO the strike, Nj Lewis was asked
HAY" any Of your ears been nJlrcd! o., ,,,,o,
About go ont Of $50 on one line alone go panes
OF glass were broken"
The Injuries to the cars explained
Yes sir. As an estimate. should say tina, abou,
ten miles were destroyed. TWO poles were cut
Was there any other damage done? Assault
VERY many OF them"
DO. you. know OF your own knowledge OF any
act Of vlolence?'
II do not"
What do you estimate the damage done to your
Il DO not think IT Will exceed $4,000"
After Mr. WINS had finished with Mr.. Lewis, AS
sembyman Stanchfeld question ed him relative 10
the Long Island Traction COMPANY
John Giblln Of the Executive Board or TN" stflK-
ers. was called and he told about the organization
Of the Knights Of Labor. At o'clock the committee
adjourned till tomorrow.
on account Of Judge MoOre's enforced absence
from the Court 81 Sessions Yesterday morning
J. Quinn were not able TO plead 10 the indictments
for alleged violation Of the Ten-hour law. when
were presented yesterday against them by the
Grand Jury They waited around for some ten
minutes and then We're directed by Clerk York to
again appear tomorrow morning.
OPERATORS AND CONTRACTORS FOR HAIR
MONY.
A meeting OF the Operators and Coakmakers
Union No l. OF New-York. was held last evening
a, M Ih5 Rivineton-st the Office OF the Con