New-York tribune., 1905-04-13

"And what did you receive from the com.
pany
ceived s2sS.e5O."
"Hho paid the money!"
The Consolidated
LIGHT ON ELECTRICAL SUBwAYs.
william J. Seton. secretary OF the Consoli-
dated Subway and Electrical Company. was
called. He said he had been stenogra9her in
the employ OF the Board OF Electrical Control
before becoming secretary Of the subway COM
pany.
How much cash capital did your company
start with" asked Mr.. Hughes.
Forty thousand dollars" was the reply
Q.-Mhat your capital stockh? A.-Sl. sI5; 900;
Q-What was your first expenditure? A-SIS%OO
o-Those patents are worthless now? A.-No. sir.
The witness was told to look at long list OF
patents. and he finally pointed out four that he
said were still alive. Questioned further. he
said that even these were practically dead"
Not only practically but actually" insisted
MIR. Hughes.
Yes. suppose So" said the witness.
o-Don't you know? Ayes sir.
0-You stin carry that item Of $4,000 on the
% yO&hF & cS6y Soa pa fo or an hose paen %
issued stock for them .o,
Q-Did you pay for It in stOck2 Ayes.
o1Who built your subways? A-The Phoenix
The Phoenix Construction Company did no
work after June 3, $780, Mr.. Seton said. and
Mr. Hughes put IN evidence the agreement
the final settlement Of the Phoenix with the
Consolidated Subway Company. The price
work done was 81 1927 $40 81. At that time 5zOh
miles Of single duct had been constructed. The
money was paid by issuing bonds Of the Con-
LATTERBACFS ELECTRIC SUBwAYS
At the time of the agreement OF 1887. Mr..
Hughes read from the records, Edward Lauter-
bach was president OF the Consolidated Subway
Company. while Ferdinand Minerath was sec
retary Of the Phoenix company.
What was the connection between Mr..
Lauterbach and Mr. Minerath?" he asked.
They We're law partners. believe" the wit
replied
struction Company that will show what ducts
had been completed on June g. 1902" asked Mr..
Hughes
searching for them for month"
"now's that?"
TELEPHONE COMPANY HAS BOOKS.
We'll you see, when the Phoenix Company
was taken over. the books were retained by the
New York Telephone Company"
BY the New York Telephone Company? Do
you mean that?"
How did that come about? How ala the
telephone company get the books
Why. 1t organized the Phoenix Company.
oh" said Mr.. Hughes.
Did the Phoenix Construction Company do
all the work OF building the conduits?"
Some Of IL sublet to local contractors
Did Mr CrimmIns have some of it?" -~
Il don't remember. / don't know who the
contractors were. We had no dealings With the
sub-contractors. The Consolidated Company did
none OF the work"
In testimony before ex-Judge Earle as referee
in certiorar proceedings in 1900. Mr.. Seton
had given exact figures regarding the cost of
electrical ducts Yesterday he said he did not
know anything on that subject. and in his tes-
timony before MT Earle the figures had been
prepared for him by Mr.. Quimby, OF the COM
pany's attorneys. The committeeman laughed
more than once at his replies
lis there anything in particular that has be-
come fixed in your mind since you became sec
retary Of the company up to date" asked
Senator Page. "or have you always hal to rely
other people for everything"
Il rely upon myself. mostly" the witness re-
Piled with a show of indignation.