The daily morning journal and courier., 1899-04-20

than six persons to control your stock|
 T don't know"
 ''Wil you tell us next time you come
 here?"
 Yes"
 Didn't you tell US yesterday why you
 didn't deliver messages?"
 No; you spent a good deal of time
 trying to get me to give false req
 son"
 Did you say something about a con
 tract with the telegraph company?' "Yes."
 Mr. Tyler said that that was true at one time, but was not true now. He did not know whether that old contract was still in force. If he wanted to deliver
 messages to-day he should do so be- cause he thought that the contract be-
 tween the Bell company and the West ern Union had expired. He had no mo- tice except what was in the contract itself, as to time, that it had expired.
 MT. Waller-Do you understand that the Bell and Western Union have stop ped their controversy
 T don't know"
 Don't you know that the Western Union company still claims it's con- tract?'
 T don't know. I know that there is litigation over that contract. The part as to delivering messages was only a small part of that contract"
 What is the litigation about?"
 'I don't know. The common report is that it is about the amount of royalty the Bell company shall pay the Western Union. All I know about it is what have read in the newspapers"
 Aren't they in litigation over all of that contract?"
 T don't know"
 ''Is the only reason why you don't de- liver messages because it isn't eXpedi- ent?"
 Tt is not expedient. l would not de- liver messages under any circum- stances"
 MT. Waller then reverted to taxes again, and MT. Alling objected to bring ing that question up. MT. Waller ex- plained that the present company want ed it fixed so that no other company could do business here, and he wanted to show that the Southern New Eng land was not an eleemosynary institu- tion and that it paid less taxes on it's three millions of capital than little To- cal electric railroads. That was one of the things that should appeal to the committee in considering the claim Of the Southern New England that the company was doing the people and the state a great service.
 MT Tyler said that the expenses of his company during the last five years had not been less than 63 per cent of the income, and that last year 73 per cent. of the gross earnings was taken up in operating expenses, maintenance, royalty and depreciation, which was about 10 per cent. of the 73 per cent. last year. That covers nothing but physical depreciation of the plant, not financial depreciation.
 MT. Waller-"Ten per cent is pretty large, isn't it?''
 NO, sir, it is not large"
 Do you know of any quasi public corporation, electric or steam road, or gas company, if they charge 10 per cent. for depreciation, that can make as good a showing of profits as you do?'
 Yes sir, the Winchester avenue rail road does"
 ''Do you mean to say that that road shows in it's report that out of it's gross earnings, including maintenance, that it takes only 42 per cent. of its earnings to run the road?"
 That is what the Financial Chronicle says
 T invite you to show it in the report | of the Winchester avenue company. We | shall claim that this Southern New | England company by the statement of | it's president is the most profitable little | in Connecticut
 MT filling offered copies of the arti- cles of incorporation of the Massachu- setts Telegraph and Telephone company | and claimed that the permission to issue the $10,O00 worth of capital stock was given to permit the company to do business in Boston only. He re- ferred to the petition to the court of common council of New Haven and started to read it when Governor Waller objected.
 MT. Tyler then explained that he had made a mistake in regard to the Win chester avenue road and that he should have said that it cost 5S per cent. of the gross earnings to pay for running ex- penses.
 f. showed deterioration account, as does the Southern New England. it would cost GS per cent.
 MT. Alling stated that he desired in he argument to comment OH the peti- ion to the New Haven common council and that it was assigned for a hearing Friday night. MT. Waller remarked Yes. and it will probably get permis- ;ion." He held that the Massachusetts charter was not admissable as evidence, IS it was a Connecticut charter was I lskod, and that nothing could be done f n Connecticut except by Connecticut , He said that the evidence , vas offered to throw dust in the eyes , if the committee. to befog the case. f Chairman Welch said that the commit ' ee would take the matter offered for f what it was worth. MT filling reserved ! he right to call one more witness and Sked that when the hearing adjourned be to next Wednesday, the commit ee having decided to go on with the ( ase next Tuesday, MT, filling wished 0 appear before the judiciary connit- \ ee in the insurance hearing which is :. ssigned for next Tuesday. MT. filling, oWeyer, secured q p0stponement of the 4 natter before the judiciary committee r ntil Wednesday and it was decided ( hat thn tp1pnhpDp baaIiDr ShD1IlI oD ol1 | II