The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-09-15
any stock in the Long Island Water Company.


Charles A. Lamont. and Gen. Tracy" an.
witness chair he called the committees atten-
ton to that section OF the code lorDldnlng
client in the course Of his pr9iessionai duties
Mr.. Ingraham and myself have had con-
sptation." he said, and have received permis,
sion from the president OF the company TO give
testimony within proper limits. and we wish to
nid thia comm tee in all matteTs Ia 80 Tar as ls
Of the president relieves us from the inhibition
OF the code"
Mr. I,auterbach s7id that all his knowledge Of
the companys affairs was acquired as counsel
and not as Btockholder.
NAMES SOME or THE STOCKHOLDERS. "a,
Rid you draw The a%e 5od 6d to tho Dill
q. What was that bill a. Originally the
company had the right to do business any
whore in the state and to condemn property as
deprived us OF It. The amendment Of '95 re-
Of privilege other than we had originally.
@, What city officials do you know who are
stockholders in the company A. Judge Truax
O. What State ofIioiaisp A. None that I know
@ What Republican politicians. OF, PUBLIC
men2 A. Gen. Tracy was stakeholder.
don't know whether he is now.
=. Is his name on the istp A. DO you con-
slider that delicate, way to get at that; can't
q. We may not get it. want know now.
A. 1 don't know whether Mr.. butcher Is load
is leading. or led or misled.
oh. I'm out OF public life." said Mr.
q, Any prominent Democrat other than
you've named before. A. don't recall any.
COMPANY MEANS TO SELL ELECTRIC POWER
Q, Has tho stock Of Of the company been much
dealt in lately2 A. J. don't know how muoh
but could have sold my stock at par at any
time within the last ak months.
u Has the company property to warrant
such rating? A.. In my opinion our options
main object OF the company. to supply New
York with electrical energy which VII be met
pany and those connected with It, valuable
property, We find that we can generate be-
trical force by our water supply from the
Esopus mt one .-fourth the cost OF electrical en-
ergy from coal.
DENouNCEs THE CONTRACT AS pRErosTERous
Looking very much surprised. Mr. Moss
asked II there was any electricity in the pro-
posed contract.
about goes through" said Mr.. ,I.auterbnch,
IN sell my stock FOR one cent. Why. it's pre-
% s qeady to BRING 1R'Sp ona
day without cont being paid and gives MIR.
f Datos tn" rGht to say at any TINE anrbhG
year II John Whaen made such ninnv Of
Mr. lnRraham "a to get him into such docu-
ment my professional respect Tor lngraham 10
gone
-, THIS SURPRISES THE COMMITTEE.
The committee looked at Mr. Lauterbach
and then at each other in amazement. Com
missioner Dalton was gazing at the witness
with, protrndng eyes. President Holahan Of
to HIS feet. said softly. Well I'm -" broke
OF without completing his remark and sat
shock was severe. but this was q sumner; As
soon as Mr.. Moss got his breath he whirled
around and wi,h upsI GanTs erirG il. hold
reality everybody runs away Dalton ran away
yes'erday--"
When did run away?" cried the Water
coming out OF his stupor.
and Lauterbach runs away to-day
When YOU find mo running away. you tell
but when where did this contract
get itself on paper ?" cried Mr.. Moss Il want
to know where 1t came from. somebody must
You'll find out said Mr.. Lauterbach. and |
long look at tho men who evidently had the |
secret. 1t was some little time before tho |
course Of proceedings was resumed. Then |
Mr.. Moss asked:
CONTRACT WOULD HAVE MEANT RUIN
.. How. did such a vanishing prospect give |
you n chance to sell your stock at par2 A. | |
b that we had good chance to makG a
thing as that contract you've been telling |
about.
.. Was there any proposal for your company
o furnish the city with electrical energyf A.
The city is not a customer for electrical energy. |
R s%f s?% %e fa Ta
II 1t, 1t was after the board made their tlasco
n laying it over. He said he'd had nothing to
.. Why do you call it a flasco when you say
rs, rotten contract and you wouldn't have
have been the biggest bargain the city over
rot il they could have seduced us TO sign that
O. You say that ny your advice the com pany
wouldn't 60 into such contract? A. Ger
uinly, not. 1t would mean ruin,
,INls have been trying to pass a contract
NJ, it doesn't show that. II they had
MR. -HoLAHAN RISES UP.
Up jumped Mr.. Holahan with brandished
:" Mr. Chairman" be exclaimed
that for the city it would have been the big
Mr., Chairman. Ewho99peed the excited Hola-
@n SO sn Gf &r Mazet and John Proc
tor Clarke, who sat next to Hoiahan. tried to
,alm him, but he wouldn't be Gained.
record. ;" no cried Let me answer"
Sergeant alarms. keep thSt man quiet"
he Board OF Public improvements subsidized
Mr. Lanterbach." said Mr.. Moss. don't you
SEQ that what you say Is the worst reflection
yet made npIn these officials who were trying
Mr. Chairman" fairly beloved Holahan
lodging Mr. Clarke's ,optstrctched arms and
making forward until he brought up hard
hVhlnbI mo COUNSEL \ taDle, ueIuanu 10 De
heard"
Hes fasifying." yelled the excited politi-
cian.. He has nc right to make false state
ments on tho record ] want
sit down. cit down." cried the Chairman.
Sergeant .at-arms put him in his seat
No. no." walled Hoahan, his eyes Rlistening
with tears. i want to make statement now |
You know you're telling falsehoods. he added.
II you don't keep quiet" said Mr.. Mazet
we shall have to adopt severe measures"
Only give me chance to make a state
ment."
Two OF the sergeant at arms staff took Mr.
Hoahan to his seat and stood over him for
several minutes. Meantime Counsel Ingraham
d the Ramapo Company was trying to say some
thing. Finally quiet was restored and the ques-
tiOninR OF the witness continued.
THE COMPANYs ELECTRICAL PLANT
y. How did you propose to get money for
your electrical plant? A. The same as any
other company does: sell our stock.
=. Was any cast ever offered? A. An English
man offered TO bond tho company for e. 900,
300; $50, 100000. That's the only bier know
Of.
.. 1t was entirely impossible was IT, for
your company to carry ont tho proposed con-
tract with the city? a. On. no: 1t wasn't i'm
possible | could sell you gold dollar for
After "A fAw other nunstions about tho oau