New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-02-18
The New SMALL SIZE of
CASHMERE BOUQUET
TOILET SOAP
is within everybody's means. Ask for 1t.

value OF the properties for which the stock cer'h-
Gates were issued
"You mean to say that you depended on couh-
sel?"
Eyes. sir: I deperded on the superior WISDOM o'
the best counsel could get
s'Do you mean to be understood as saying tha'' as
treasurer Of the company, you never MADE an. Ell
fort to discover whether proper price hau pee'
paid for the properties. and for which the s-''V''
issued?"
THE figures were not accessible 10 me. The APP
praisng committee were men Of the highest stand
Ing and had the utmost reliance on their report
did you not think 1t suspicious thing That
the figures not accessible TO YOU
mo sir. AS ! said before relied on the COM
m!ttee who made the report"
Apparently Senator Lexow was anxious 10 ON
tain this report or at least some informa ton as
TO It's contents. showing the basis upon which inc
COMMITTEE had arrived al the conclusion 'ha' 'ne
nroperties were worth s2G.oOON0 Of the trusts
stock Finding himself however. frustrated n
every line Of questioning he brought forward ne
began 10 get considerably netted. and the tone
OF some Of the inquiries he addressed TO MI Fliht
seemed somewhat brusque. Nor was the H'l'a-
ton he was feeling lessened in any degree by Inc
long explanations which Mr.. Flint added TO most
of his replies.
When Mr. Lexow put it pointedly to the wit
ness whether he wished the committee TO beheNe
that the members of the Simmons committee sun
had possession of the report they had naue 10
the trust Mr. Flint replied that he ana not 'h"'
tho renort was in the archives of the company at
New brunswick He would not for some time ad-
NIT that the report under his control as the
treasurer of the company. but at length after a
great deal OF fencing he consented TO say mat ne
might get access TO the report II ne were accom-
panied by another officer of the COMPANY ne
report he said deposited IN SAFE deposit
,lia. ,,lHn
Flint. Il is Likely 10 remain there despite Mr..
Iexows wish for its production. After becoming
convinced apparently that he could learn nothing
from Mr. Flint to the report and the recon-
mendations of the Simmons committee, and after
repea teddy rebukng the witness for MS irrelevant
explanations the presiding Senator asked:
How much money were you paid for your COM
pany?' ~
II never owned a company replied Mr.. Flint
HIS INTEREST IN A COMPANY.
"Were YOU never interested in company
II was interested in the Lycoming Rubber COM
pany 10 the extent OF perhaps ohe-'ah Vi p''
cent Of the capitalization
Don't YOU know what you got Tor II!
81 do not ! find our for you
1T has taken abou; fifteen minutes TO ascor'a'"
tina. YOU were interested in any OF the companies
tina, were taken into the United States Rubber Com
many AT first YOU denied emphaticay that you were
say what you got for your stock?" asked Mr. Lexow
with some asperity.
II can ascertain. sir.
sit true that the United States Rubber Company
paid the bankers commission of 2's per cent Tor
selling the stock Of the various companies
Let me explain. Mr.. Chairman"
Answer yes or no." almost shouted MI LeNo"'
pounding the desk in front OF him.
Mr. Chairman. you ask the question wrong. Ihey
did not pay that amount
Did they pay the brokers anything?
"Nr. Chairman, want to answer fairly They paid
the bankers something, Dut doh h"o" villa"
can ascertain. though
Was the sum s50o.oOD?'
Yes / think that was the amount
WAS it paid in CASH.
NO sir: in stock
"Who protected the interests Of the United states
Rubber Company in that TRANSACTIONS?
our Simmons and the Simmons committee.
"yn YOU produce the data in regard to that trans
action after recess.
Il will endeavor to do So.
I'VE must have these data.
"Wer Mr. Chairman, l am willing to give the
committee all the information I can. / had been
advised that this being a New-Jersey corporation.
7 need not testify here yet came here and answered
your questions. J.,
Now Mr. Flint We don't want to he too severe In
regard TO this matter but We think that the question
of Capitalization is most important, and whether
yor, company: we must have the information we
seek" said Senator LexoW.
81 will try to get 1t for you. Mr. Chairman.
The witness said there were thirty employees in the
office in Reade-st., and five in the NeW-bruhs"lck
office.
Tho hookkeepers attend the affairs Of the Cnitel
States Rubber company and the various companies
composing it?
mo: the companies run as Independent or
eanizations and the United States Rubber Company
&c init
commission agent toward an ordinary manufacturer
This necessitates the employment OF a large number
Of bookkeepers.'
MR.. LEXOW JUMPS TO HIS FEET.
Mr. Lexow next asked the witness II he had any
knowledge of the agreement entered into by the
trus, will, It's agents factors. Again. without
answering directly, Mr.. Flint wanted to give tho
committee more expla nations which invariably
wandered away from the point Mr.. LeXow wished
to establish. Thoroughly angry. Mr.. Lexow jumped
TO his feet, and. waving document In front Of Mr..
Flint, shouted:
"Hav. YOU. or have you not. any knowledge of
this agreement
moi in detail" impcrturbaby answered the wit
VERY well: let 1t at that" exclaimed Mr..
I.exow despairngly.
"Do you keep yourself posted in the working of
the different nanuf factories Of the trust:"
Il do nos.
"Do YOU know that a year after the absorption
son,e of the companies closed down for nine months,
and the year after for seven months, with view
TO restricting the output
II do not
Did not the New Brunswick factory close down
in the dead OF winter in 1885, throwing all It's en-
ployes out Of work. when 1t had an offer Of a con-
tract 10 produce what is known &c third-rate goods
which would have kept the factory open all the
winter?
Il don't know
Don't you know tina. a. this very time you pur-
chased the Colchester Rubber Company. and closed
It down aso?'
81 don't know; but will explain that our bust
ness Is of such d nature that We cannot possibly
remain open all the year. Our business is
sons business"
"Now is 1t not fact that you increased the price