The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1899-04-27
@. docs Simon Borg & Co. know of
he fact?" A. ''They do; represent

@. docs Simon Borg & Co. know O
the fact?" A. '"They do; 1 represen
them
G. do you know whether they ar
ready to finance this company for ever.
dollar it will take if charter is grant
ed?" A. II do
@, They authorized you to say So
A. Eyes, SIR
On the cross-examination Mr.. Brow,
states:
@. "Then I do not understand you tt
say that Simon Borg & Co. have hat
any experience in telephones?" A
mot AT ALL
@. THIS is THEIR FIRST VEN.
TURE?" A. YES, SIR"
@. "You represent them in the mat.
ter?" A. Il do"
@. "Are you interested in the New
York and Boston Telephone company Of
Connecticut" "A. "Only in very
small way"
@. us there any other representa-
tive of Simon Borg & Co. on this list
of incorporators?" A. mo, SIR"
@. Governor Waller says they would
be willing to finance the million, or a
million and a half, of money and secur-
tiles for this company. Do you know
this to be sop A. Eyes, sir.''
@. Have you talked with them about
it?" A. II have"
@. rs it a million or million and a
half?" A. 1.-THE amount is not stated,
but / have their authority to furnish
the amount of money required to equip
and Sat tho Jipac In ornratjo -
@. Has it been stated how much it
will require?" A. "No, SIR
@. WHAT is THE ESTIMATOR"
A. II AM NOT AT LIBERTY TO
TELL YOU"
@. docs 1t cover the main line from
New York to the Massachusetts line?"
A. II AM NOT AT LIBERTY TO
STATE"
@. "How MUCH IN STOCK AND
HOW MUCH IN BONDS?" A. II
DO NOT KNOW; IT is NOT DETER
MINED"
@. ut is not determined how much
there is to be in stock and how much in
bonds. rs THERE A GENERAL ES-
INNATE OF HOW MUCH THERE IS
TO BE IN STOCK AND HOW MUCH
IN BONDS?" A. YES, SIR"
@. ARE YOU AT LIBERTY TO
STATE?" A. mo, SIR"
@. Il UNDERSTAND THAT YOU
ARE NOT AT LIBERTY TO STATE
HOW MUCH THERE is OF CAPT.
TAI STOCK OR BONDS THAT is TO
BE FINANCED?" A. mo, SIR"
Q. NOR THE PROPORTION TO
EACH OTHER?" A. mo, SIR"
If the committee please, here are now
the real men. Simon Borg & Co., ap-
pearing by their representative who
are asking a charter to carry out this
telephone enterprise. All the others are
confessedly of no account.
Now then Simon Borg & Co. come be-
fore this committee and ask for this
charter, and state, through their mouth
piece, that they have scheme for the
issue of stock and bonds "in certain
proportion to each other" and decline
to tell this committee anything about it,
is it to be expected that committee Of
honorable and disinterested men, act
ing and representing the sovereignty Of
the state of Connecticut, is going to
listen long to such petition as this?
IF THIS IS AN HONEST UNDER
TAKING, WITH CASH FOR THE
STOCK AND BONDS TO
BE A SURE INVESTMENT, WHY
SHOULD NOT THE MEN WHO |
ARE TO RECEIVE THIS CHARTER
TELL THIS COMMITTEE HOW
MUCH THERE IS TO BE OF STOCK
AND BONDS, AND WHO is REAL
7 " To paw EOp vTuEMo
FURTHERMORE THESE MEN !
WHILE APPLYING TO THE SOW
EREIGNTY OF THIS STATE FOR A
TO USE, ENCUMBER
AND DIG UP THE PUBLIC HIGH
WAYS OF THE STATE, AND WHILE
THIS HEARING rs IN PROGRESS
ARE IN FACT OPERATING IN NEW
AND WATERBURY,, UN-
DER A $4,000 JOINT STOCK MOOR
OF THE STATE OF MAS
CLAIMING THAT
THEY ARE BY VIRTUE OF THEIR
OWN MERE AGREEMENT IN MAS
VESTED WITH ALL
THE RIGHTS TO PUBLIC HIGH
WAYS IN CONNECTICUT, THAT
THIS GENERAL ASSEMBLY COULD
GIVE THEM
Surely this refusal to disclose the
scheme of operations, and the contempt
lous disregard of the authority of this
state, involved in proceeding under the
aw of Massachusetts even while asking
his proposed charter from this state,
ire enough to satisfy the committee,
hat these Massachusetts men have
leave to withdraw" to Massachusetts.
Resuming the testimony:
Colonel Rutherford, on the cross-ex-
testifies as follows:
Q. "Now you say you have had deal
ngs with Simon Borg & Cop A. Eyes,
ir."
O. 'They have been the bankers and
rockers through whom you have nego
lated your bonds?" A. mot entirely.
ir"
O. "You brought to them bonds and
Negotiated through them?" A. eyes,
ir"
Q. you have taken your pay in
onds and negotiated them through ST.
ION Borg & Coz" A. Yes, sir"
@. you have also taken for pay the
took and bonds. according to contrac-
ors' privileges?" RIGHT YOU ARE.
@. Simon Borg & Co. have negotiat- !
d some of them for your" A. YES.
IT," l
g. "Not able TO do II all7" A. ooh
eS, sir they are; / did not give then,