The Savannah morning news. (Savannah, Ga.) 1900-current, 1900-11-09
MAron vAN wYclN.s ANswT.n.
what lie say. with Regard 90 lee
Trust Charges.

New York. Nov S-The Word to-mor-
wycEs answer TO me charges "a the mat
ter 81 the American leo Company The
answer Is addressed O. Theodore Roose-
welt Governor OF the stLtc OF New York.
In his reply tho mayor saws that % Is an
answer 10 the charges preferred against
him b, David Ferguson and Louis South
worth te saws that he dccs not own any
s'uck in any i-r company. ana hat lc
has no direct or iudircct interest ir ANY
sucn company he continues az fellows.
''Upou April n. 1922 bought rrom & "
Morse aooi shares Of the stock % the
American Ice Company for Sno.Vo. which
was the fair market value thereof Of
which sum 1 raid SoO0D Ia cash. by tnreo
checks and gave three promis sory notes
for fne balance. one Tor S5leol. and two
for $4,000 each. TIRE stock vas issued 70
me and hy me delivered 60 Mr Morse a.
collateral security Tor the notes subse-
qucntiy the notes ana collateral were
transferred 20 certain banks They were
renewed from time 60 time the interest
being paih by me. Finally the notes we're
paid In fun hy me with interest
out Of the proceeds Of the stock as heic-
matter stated. had been sto-kh % r
In the knickorbocker Ice Company ~
Maine long previous 90 April Il 1899. ami
had paid for my stock therein SIS. %
which was the fair market thereof re-
ceived printed circular about May. 1879
from the American Ice Company offering
30 exchange their stock share for share
for kntckerbockor stock and made such
exchange My entire holding 81 tbs to-
stocks have hocu tn thu opcn market on
the New York Stock Exchange in various
lots for ISL. 2is IS. paie for the stock
SOS. one"
The Mayor then takes up the charge
that he became unlawfully interested In
contracts with the CITY. and says these
contracts were made nv the heads Of the
administrative Departments without his
knowledge pursuant to the provisions Of
the charter which authorized them 10 d.
this lie adds that he nrst became a stock
holder in the American Ice COMPANY
April H. 1888 at which time the company
had no contracts with the city OF any
kind whatever
Mayor Van Wyck understands the con
stuiction q the charter 90 be that stock
holder IN a corporation having contracts
with the city does not have a direct or
Indirect interest IA such contracts by rcn-
son Of his Ownership 81 a minority Of the
stock lie saya ~ has been informed that
during the administrator OF William L
strong be was a stakeholder IN the cen
fral National Bank and that such bank
contracts Wcre made with the city for the
deposit Of city funds and the payment Of
interest thereon pursuant to the desis-
naIion o. q board Of which the Mayor was
q raemher.
In addition Mayor Vnnwyck says that
Mayor Strong was a director and stock
holder Ga the Sew York. Lake Erie ana
Western Railroad. and that this railroal
company head thirty franchises ana dock
privileges In the city of New York. and a
director In and a chairman % the Build
ing Committee OF the New York Life In
suranco Company. from which the city
took lease Of nine rooms IN their build
Ing for three years from Nov. 4 1897.
Mayor Van Wyck SAYS that in 1870.
while William H. Grace was Mayor. ho
was a stakeholder 10 the Commercial Ma
tional Bank and that this hank had a
contract with the city for the deposit o.
city funds He says that he has also been
Informed that Mayor Mcguire Of Syracuse
ls = stakeholder In a corporation called
the Courier Publishing Company. which
has dealings with that city. and that in e
proceeding before the Attorney General.
seeking his removal. because % such own
crship. the Attorney General dismissed
the proceedings.
The mayors answer 70 the charge tina,
he became unla wfuly Interested IN dock
and wharf leases or privileges denls ~
length with the three grants Of land un-
der water made TO the Knickerbocker Ice
Company. He says that they were made
long prior 10 Jan. !. 1855 when ne took
office and TINT they we're simply allowed
20 continue. He claims that the so-callsti
'ico trust" has noe been favored and
says that ne did not know and never
bad any Information that any leases Of
the Consolidated Ice Company would bn-
come the property OF the American Ice
Company.