New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-10-15


r.,v l,v Withholding from il the profits OF the
t,o,blebera Steel Company. He moved to
make the declaration with considerable heat be
rsuse on cross-examination he was asked aboU;
. visit ne made to the Office of Harris. Gates &
To on Tuesday. and his alleged attempt to ar
range. through Mr.. Harris. OF that firm, for an
interview with Mr.. Schwab
William d Guthrie, who cros5-examined Mr.
dresser, adopted a sarcastic tone. which angered
she witness and Mr.. Dressers face flushed and
his ewes flashed as he made his replies in loud
md emphatic manner.
.Can YOU remember what occurred yester-
6av?" asked Mr.. Guthrie.
Il believe my memory is that good Mr..
Dresser replied.
DID YOU go to the Office Of Harris. Gates &
CO."
Il did"
did you see Mr. HarTis?'
81 did"
did he telephone 10 any one while you were
there7"
Yes. he telephoned to Mr. wrenn, Mr..
schwabs secretary"
Did YOU request Mr.. Harris to see Mr..
schvab. as you thought # advisable for Mr..
echvsb TO see you?"
I did not
Did YOU tell Mr.. Harris it would be we'll for
you and Mr.. Schwab TO meet. and that it would
he r.
i did not"
Did you tell Mr.. Harris that you were a
Bankrupt and had nothing TO lose except your
reputation"
I did not"
Nj Dresser became much wrought W as MI
Euthrie proceeded with his questions. and
answered with every show Of indignation.
Did you say you would make damaging dis
closures at to-day's hearing"
Il did not"
Did you say that these disclosures would
create greater disturbance in the money market
than ever before?"
I did not"
When Mr.. Guthrie ended his questioning. Mr.
Dresser asked: And now may tell what did
say"
Mr. Guthrie smiled and. waving his hand tow
erd Samuel Untermyer. counsel for the bond
holders. sat down
Nh. DREsSER'S CHARGES.
Under redirect examination by Mr.. Untermyer
Mr. Dresser made explanation Of his visit
Harris Gates CO.
81 did 20 TO Harris. Gates & Co. yesterday
ne said Z went TO see Charles Gates six weeks
ago and then told him that II Mr.. Schwab took
his grip of the Bethlehem Steel Company all
hight YET 60 well with The United States Ship
building Company. I went to the Office OF Harris,
Gates CO. yesterday to see either John W.
Gates Charles Gates. and TO relterate this
belief. Neither was in, and I saw Mr.. Harris.
told him that the time for Mr..
echwab 10 release his grip on the Bethlehem.
told him 70 carry TO Mr.. Schwab the intelli-
gence that II he did so the affairs Of the ship
building company could he brought out Of the
fnre. / not pleading with Mr. Schwab.
thought there a way by which the affairs
OF the shipbuilding company could still be right
ed and I wanted Mr.. Schwab TO know OF the
way.
% am not financially concerned now. and my
Interest was simply that for those who invested
IN the shipbuildng company. I was anxious
that the company succeed. This I may have
told Mr.. Harris. I told him, as had told
Charlie Gates six weeks before. that Max Pam
acting Tor Mr.. Schwab, had held back earnings
Of the Bethlehem Steel Company which right
fully belonged 10 the shipbuilding company:
that II these earnings had been applied the
uses u the United States Shipbuding Company
there would he trouble in proceeding with
the affairs of the company successfully
sCHWAR DECLINED TO MEET DRESSER
After Er. Dresser's testimony became known
g. Wal Street. John r Harris, Of Harris Gates
Co. said: Tt is true that M Dresser saw
ne about noon yesterday. He wanted me 10
see mr. schvab in his behalf. He felt that an
smicable discussion might induce Mr.. Schwab
~ release his g-p on the Bethlehem Steel
Company. and in that way enable the ship
building company to rehabilitate itself He said
thst he did not come suppliant 10 Mr.
efh"ah. but simply 10 present 2 straightfor-
ward business proposition 10 him. He was do
ing this upon his own initiative he said. and
had not consulted anybody about IT, ] saw Mr.
sohwsb. who declined 70 meet Mr. Dresser. As
10 Mr. Schwabs reasons for declining. don't
zee ~ liberty TO speak. You had better see Mr.
ali .h0 -t,.f 7 7FDlr r17s
suggestion was an entirely proper one
SCENES AT THE HEARING.
The Shpbailding hearing before Special Ex-
eniner Henry -. Oliphant attracted more peo-
fe IN Wall street than could get into the library
" Guggenheirner. Intermyer & Marshall's law
tHioe ~ 10. 20 Rroad-st-. and during Mr. Dres-
t'fs testimony tho room was crowded many
hsn standing because there were no seats for
'hen. Mr.. Tntermyer and Henry Wollman
represented the bondholders' protective com
sH''ee. that began the suit Oh which the hearing
vas ordered. Mr. Guthrie and Charles E
evening represented the shipbunding con. pany
tno Charles NJ. Schwab. John W Young the
original promoter OF the shipbuilding company.
who is 10 be = witness SOON was attended by
tharles ". Dayton and W. s. Andrews as per-
eonsl counsel Among the early arrivals were
Henry 6. Atwater, counsel for the Common
wealth Trust Company. late the Trust Company
% the Republic Winthrop E Scarritt president
of the company: Mr.. Baldwin. its secretary:
CHARLES Dutton. accountant, and oliver
Wren. Charles NJ. Schwabs private secretary.
soseph Schwab. brother OF Charles n. Schwab,
was a. the hearing short time and Lewis Nixon