New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-11-26
TUESDAY,
NOVEMBER rs, 1895.
PRESIDENT MAHER OF THE "HCCkLE-
BERRY" ROAD on THE RACK.
THE INVESTIGATION or CITY RAILWAYS BEGUN
| ny THE assembly COMMITTEE.

THE INVESTIGATION or CITY RAILWAYS BEGC"
BY THE assembly COMMITTEE
An investigation OF the city railways In pursu'
ance OF a resolution passed by the Legislature last
winter begun yesterday by the Assembly 'o"'-
rnttee on Railways in the old Special Sessions rooms
In the Tombs Building There were present y rreo-
erIck Nixon chairman; William -. Stephenson. OF
Washington County; Edward W Thompson OF
Dutchess County and Edwin +. Stewart Of Thomp
son The examination for the committee was con-
Quoted by its counsel Arthur G. wade. assisted oy
j. y. Gleason. There were present under summons
several OF the officials OF the Union Railway Com
pany known as the "Huckleberry lines who came
with ex-Lieutenant- Governor Sheehan. counsel for
the "Huckeberry' road.
President Maher. OF the Union Railway com,
about the bonds of the southern bou,sVaru ON ON
pany, and SAID they had been sold al SZ2 ana were
Guaranteed by the Union Railway Company. The
tota issue was sz50VO the capital stock oeins fixed
at $4,000. President Maher sad ma, ne aeted 40
general manager OF the Boulevard Road. and said
that the four miles Of double track operated ana
owned by the ROAD cost aD3Ht @lT" niue ., ~
ne interested IN the bill merslng the mes com
posing the Union Company but TOOK no particular
interest until he was elected president Of the Albany
Electric Light Company ana thar ne hai spoken 70
sked hst f" his stock in the company cost Mr..
Maher replied that when he assumed the presidency
Of Tie company mis- STOCK was gwen hin. .
Mr.. Wade then questioned the witness at consid.
orable length in regard TO the rea. estate owned
by the company and It's market value Beyond the
face tnat II owned It's power-house. ard one or
two other small buildings used IN operating the
road president couid tel nothing OF ITS realty
Mr. Wade then caller Thomas ". O.cott secre-
tary Of che Union Conn any, to the chair. Mr.. Oh
colt showed surprising lack Of knowledge OF MIS-
companys Affairs
Was there any money paid for legsIs ton dur
ing the time the bill to merge the roads now
forming the Union Company was before the Assem-
by" asked Mr. Wade.
Not that know CT
Mr. Wade tnon inquired with considerable
about the construction and the dealings with the
New-YOrk Electric Railway Company. the construc-
ton company
pany get tor constructing the road asked MI
They were paid 81 100000 in bonds and got the
greater portion of $se,yD in stock" was the an
All that for building thirty miles of rosds2oo.
s.yes-s2.0ooOO"
What IS the stock worth to-day"
Il in paper few days ago it was quoted
What did the road actually cost to build?"
DO you think j., cost the s2,coO"O paid the con-
struction company
IF can't say
Well I Know one thing" continued Mr.. Waldo.
II wish / had been In WIN the construction COM
oany"
There a great many Ike you, Brother
Wade put In eX-L eutenant-Governor Sneehan.
The two looked al each other and smiled. The wit
ness smiled Then every smiled.
DO you think ii IL right for the law TO permit the
watering OF stock to the extent Carried by your
company-and we have found others much worse?'
Il do would rather not answer that question"
1T isn't right TO ask him u criticise his own COM
Dany"
President Maher was again called TO the stand
lie was asked in regard TO tenders on the cars, AMI
replied that on their cars they had small Tenders.
but they were little better than vince, guards. He
knew OF no fender that would prevent a person
from gong under the wEee.s
the conimlttee viii hearing at the
Metropole Hote! AT 10 O'clock this morning.