New-York tribune., 1903-04-19
PHILBIN WILL KEEP ON.
1NSUER TO TREELAND.
Says THifcaiioH Cannot Stop In
UestigatioH of ". S. X. Reports.

UeshgatIOH Of VI. ). r. Reports.
Ex-District Attorney PhiIbin yesterday re-
piled to Mr.. vreelaAds statement. printed IN
yesterdays Tribune which Intended 20
break the force OF Mr. PhfIbin's report regarding
discrepancies alleged to have been found in the
Metropolitan Street Railway reports 20 its
stockholders and to the state Ralroad CON-
Tnssioners
Mr.. PhiIbin in his reply mentioned the name
Of john 2. Doyle. lawyer and real estate
agent No. - WilIiam-st, as being the stock
holder referred to several days ago as having
retained the ex-District Attorney 70 represent
him in the Arnory proceedings. Mr. PhlIbin. re-
plying 70 President Vreeand. said
Ii is not TO be expected that SIR Vreeland would
do otherwise than deny the charges. The state
sWaTS reports mad to ths Railroad C51rnszorer
and wherever 4n ALLEGATION - mace re pase @ 81
pauy's reports shoU the facts indicating dis
taiaiy not blame any one for forming an opinion
thereon ar q s-ockholder for seeking 20 ascertain
/ began an EXAMINATION. when was finished by
the report made last THURSDAY During the entire
period Of my investigate not a single word from
company NotvifhstanGIna this its counsel in the
proceedings before Magistrate Barlow. has endeav-
2nd has sfriyen by eTerI pretext TO pace me in =
position OF one making an attacS on ne eoLnpansi
have continued my examination OF 5as Y1pSIs. sz5
complete copy Of everything that had up TO that
time been discovered In the sworn reports or the
company 10 Mr. Braker, and advised him 20 ask for
explanation Nr- Braker accordingly frankly sub
nsse1 mes 10 SD s0nsdeT a6y e9lsnroS the company
Rgh[ Ea sse t 70 ak II qss rscST J3n fo2 523 G
five years. and who had also consulted ne, 20 fol-
low a similar course and he did so. Those Two
( communications are now IN the hands OF the com
Pany and & any & rePly T S9as % qy q3 see o-fi6 5 e
and if it shows that there IS no ground tor ne I'M
tation will be shown 5y the persons represent In
S- - ...-l, .5a ~, +bs -o-,-s~,..s -o-
sci upon fully justified ne IN showing the com
Iad N has5z in far+ and even ther1 I rsfrzi1e5
/ from giving out what had discovered until Ar
/ everything that was contained IN nv report.
/ There can be no question as 70 Mr. Vreelan7d.s
statement that the company ought 70 be credited
with the assets of the lessor companies and 7 M
G Goq5fe an IN S Vim The at6e4 d facts tBat have been
+ found. and reliance has been placed upon such
with regard to the Thirty-fourth-st line. the r.
( ports clearly show that the Of s245435 So vas
+ charged TO laying rails from Broadway 20 Lsxing-
/ which vas at the rate of 10000 mile So Far
I il is clearly shown that such work does not in
clude six miles Of road. az Mr. Vreeiand states
report page given The attacks made IN ths
east fiscredt Tpon those who are making this in
au5y can only 9e sscrPsd Sc; PED TO deTlsn 2 e = pTsTSe
20 those who seek to get at the truth
[ The inquiry made by the District Attorney doss
not cover the facts that have recently been brought
out The suggestion that has often been made tnst
/ pany's affairs. the persons in charge were too
s7sered BY the fact that II had taken NJ Anory.
who Is railroad expert. over a year and a hal7
to dig out Of the reports the facts that become -
apparent when pointed ot and after heirg poiit
odI; @ iis rs fb IIisbtest eg-ee upon his ,raii'5,-
or upon his Construction Of Sle 7i2t- S53+r1er,s &
[ examination or these REPORTS had rhc advice or
and every statement was carefully analvzed F7d
I confirmed Any one can readily sec nF eXa3i4l ~
{ the facts are as set foTJh
This. This inyezlF9qR ny 7a}Ior is 5 o 9ta rh IS Mn T vrssaaa ss
/ viii he given an opportunity 70 make answer under
oath 10 all the facts based upon tho sworn reports
I Mr. vreelsnd's statement that Z ever offered -
furnish anv material the Drior 20 f7s
/ giving out Of nv report is absolutely uu5r1~-
/ Mr.. vreeIand. when asked If it his IN
/ tention 10 take The stand I'm the present pro-
/ ceedings. said.
/ NO. I guess not 7 have said all that II e
I necessary for me to say 7 said that when
+ made the statement that has brought on the
proceedings"
+ Delaney NicoII. counsel for President Vree-
( land was out of town yesterday afternoon At
I his Office it was said that he had no reply -
make to Mr. PhIbin. but that he was satisfied
+ that Mr. VreeIand's statement stood on IT'S own
merits
/ on sales amounting to 1920 shares Met
/ ropoIitan vasterCs-- -loSed AT 132. a net gain
/ of rs
I Mr.. Keene has not been subpoenaed IN con
/ uection with the suit
/ Mr. DOYLE told a Tribune reporter last night
/ at his home. No. II West Eighty-sevenJh-st..
/ that while he did not doubt the personal IT.
/ reeritv Of any officer of the Metropolitan road
he did think himself justified IN calling for facts
/ bearing on the present condition Of affairs in
/ the company He continued,
/ had been away on a trip To Florida between
March and April ; and in that period had reas
/ none of the NeW-ToTk papers. When I GOT honlF
nv elder son handed me clippings showing the
proceedings instituted BY NJ Arnory against ~.
Vreeland- After reading these ana seeing tl8I
nv friend Eugene A PhfIbin. whom 7 havs
/ known almost since his bOyhOOd, was looking into
I the matter. ] called upon nlr1 ana aSSsG nlin .
represent proceeding similar . the one ~
/ stituted by Mr.. BrakeT.
Ten wears and 80 shares OF stock have al
U4sv- looked upon the Metropolitan Street RAILWAY
a. one Of the greatest money nazi1s railroads o.
when IL got uD its highest point which va~ =
my recollection IS right, considerably over 90
a 81 point prodr in II at the price pait for r. II
sold I3- ] bought the stock Tor permanent u
vestnent and never expected 20 sell T. AZ q st2e <
holder ] nave r1Rht 70 know WIelner llgle -
been any TnSmana cement in the affairs o- tn6 con-
pauy ! have written letter 20 the COMPANY ask
/ ing them 10 explain the charges maze ana sln
perfectIv satisfied 20 wait aEy reasonable tme Ior
an explanation. and do not want - max a.
charge Of rnsuana cement Until I hear from t5@
The stock Of the road in my Judgment should r.
. OF the safest and best investments tnat san
he made. With proper management the road -
capable OF earning anywhere from i 90 = per cent
IL is abSolut5 fOoliShness on the part OF any one
the stockholders can ta<@ the Inft-er N tnsir
own hands and oust the present unanesennert
Mr.. DOYLE said he did not know Anory:
neither was he acquainted with Braker. RE said
that his suit v1s entirely independent Of that or