The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-08-11
GREENE BACK; NOTSAYINGMUCH
If ASPHALT RECEIVER GETS
JUDGMENT, HE'LL TRY TOPN
To the Limi: OF His tbility--Sticks TO
His Job as Police Head and Reports
Thai the West Il All for Roosevelt
and Wondering What Ais Wall street.

and Wondering What Ais Wall street.
The first to cry the alarm was the northern
outpost From the upper windows of the
squat Mulberry street headquarters he
sighted hanson tossed on the pillows OF
Blocker street The word dropped down
even to the telegraph ticker in the base
ment.
But as the hanson emerged from the
surf of the stone pavement of Blocker
street to the trust laid asphalt of Mulberry,
the man clutching at the straps was identi-
tied. 1t was not Police Commissioner
Greene, but Nevada n Stranahan, Col
lector of the Port of New York, beating his
way down to Wall Street over an asphalt
course almost as rocky as the sovereign
State for which his father named him.
A second alarm was true. IT was sounded
at 9,l5
Here he comes, said he observer
"Atoot?' asked all Mulberry street
"Sur". said the Observer "Do Won think
he could stand tho jar o them rotten asphalt
pavements?"
Police Commissioner Greene wore "A suit
Of dark blue blue bow tie, marked with
white dots and n brown -ils-a- berry skin,
while his weI-arranged hair wasn't dark or
white, just "A mixture that made an asphalt
gray.
I'm back" said he Delightful trip
Ten thousand miles, part of it country
new to me and that hope to see again II
mean th" Canadian part Met my old
guide, who took me through the Yellow
stouc twenty-eigh' wears ago Jack
Baronott's his name hid he remember
me? Oh, of course Spent six days in
the Yellowstone Delightful Didn't hunt
Of course. Not even the President may
hunt in the National Park Pacific Coast
Columbia River. everywhere. a univers al
sentiment for President Roosevelt that
isn't confined 10 Republicans by any means
Prosperity everywhere. Al business I'M
usually prosperous and wondering what
is the matter with Wall Street
Going to resign"
Not a word Of truth in that Not n
word Going to stay"
"The Aspha "
typewriter copies of "A statement and
distributed them to all the persons in the
room This is what the statement said
ArG. 10, 1908 am not surprised that
the asphalt controversy has been taken into
court and do not regret it. for now a judicial
decision binding upon all concerned will
take the place OF partisan criticism
Tho receiver claims that certain profits
were made and that they belong to the COM
pany and not 10 individuals, His claims
will bc vigorously contested and the case
will be carried to the court Of last resort
feel confident that the decision will be against
the receiver. but If the courts determine
otherwise and finally decide that ! have
injured any one must Of course, abide by
the decision and max" PREPARATION TO the almost
limit Of NV ability.
when the Asphalt Company of America
was formed was guided hy the advice Of he
best counsel could obtain | shall take tho
same course now and shall not further discuss
the matter except in court
Commissioner Greene headed of some
question deIicately shaped to ascertain
-the limit of my ability" by slamming
his eyeglasses down on the desk with such
force that their usefulness was threatened
and saying,
flRL Il All l nave w say VI NIlBl nave 10
say about the asphalt trust matter"
According to the report of the receiver
of the Asphalt Company Of America, filed
with Judge kirkpatrick of Trenton or
July o, Gen. Greene made profit of 81 900, ).
GOO on the sale of the stock of subsidiary
companies to the asphalt trust. The re-
cever alleged that Gen, Greene sold to
the trust for 81 ,223 400 collateral gold GER
tficates of the trust 10 1926 shares of the
United Asphalt Company; that for 3,ie4
shares OF the Warren-Scharf Company he
received $3.50, 800, and that he put in his
900 shares OF the Barber Asphalt Paving
Company at $500 share, The receiver
alleges that il Gen, Greene personally
took advantage of these transactions he
profted to the extent Of 81 ,0OO COO, aside
from the profits on the Barber stock
In regard to the absorption of the Warren
Scharf Company the receiver alleges that
W. Elkins each transferred to the trust
3,l84 shares of the company's stock reoeiv-
ing 81 ,27S 300 in gold certificates therefor
and he alleges
THE said three persons had previously
purchased from the then owners the said
shares of stock at an outlay to them Of
ABOUT 81 500, 900 and the said shares we're
transferred on July ~. 1909. The transfers
of said shares to the Asphalt Company OF
America were made on July 81, 1899"
If Gen Greene had been disposed 20 talk
yesterday he might have remarked that
SITS, 200 WAS fair profit at the end of four
days
Having disposed of the Asphalt Trust
controversy thus briefly. Commissioner
Greene appointed 32l patrolmsn from the
OWL service eligible list