Morris tribune., 1905-09-30

New 1OEh
hall, Mr.. Mccall owned up to having
paid at different times 1926, 900 to An
drew Hamilton at Albany, N. Y, weAa
known as lobbyist, to be used ossr-
tensfbly for the purchase of real ess.-
tate and for legal expenses. Not eGss.
cent of this money had in fact basrIa
spent for the purposes indicated tER tfEse
records, and no regular accounting haaa
ever been made by Hamilton. Mr. Nc
Call said If Hamilton did not make the
sum good be would pay it. For nEaE'
services Hamilton had received ga reg
ular retainer of $4,000 quarterly aDB
an additional 100000 yearly .s
Notwithstanding all Of this Presidezak::
Mccall sole.nnly denied that he eyssa'
gave Hamilton money to influence Aesss3-
islation or that he advised any syneaa
course. Incidentally Mr.. MCCALL &c
MED the report that he had anaassas@
great wealth, saying that If be died tn'-
morrow the greatest part of his forEfHRse
would be life insurance. The trend az
this and other testimony all wena sps
indicate that the great banking house,
of Morgan & Co. had used the funds sns"
the insurance companies almost aka
libitum on joint account while w1EfH-
holding at least half of the profits OF ssSa
transactions based on those funds.
Mccall admitted the payment Of Oye5
$4,000 to the Republican, campasgHa
fund last year, justifying this AND eEtl~
er contributions on the ground that tltse
success of the Democratic ticket wouEE
constitute danger to the assets OF fss@i
Insurance company. ~
News Of the Railroads. ~.,rsassaa a,sj
The directors of the Erie railroaGA
have authorized the purchase of % BGsR-
jority of the stock of the Cincinnati
Hamilton and Dayton Railroad eozB-
pany. By this purchase nearly 4, GsSB'
miles of road, nearly twice it's pressads-
length, will be added to the Erie Sy@r
tenn, and Cincinnati will be entered II.
is said that the purchase Yves made
from J. P. Morgan & 90. .el.
Stocks of the Reading Railroad COM
pany experienced an upward jung,
On the day when 1t was announesaA
that the company's annual report, fH4st
issued, showed an increase in gTEn8s
earnings OF $3520,902 over 19o8gs@-
Net earnings increased $2,8O3, 1913 THgs
surplus over expenses was $1O,O1S, 74Es
Over S54, 600 was paid to the III PEN
Eioners on the company's roll.
IN spite Of the fact that foods pHH-
out Of business some parts Of sfsEs
AtcYison. Topeka and Santa Fe FafE
way nearly every week In. the ksgE.
fiscal year, necessitatlng near 81 D0Gy8QEe
worth of repairs, the annual reporE
shows an increase In gross earnings
tie total being $6S375, 837- Work aEa
the second track is progressing 30 fRaE
822 miles will be in operation by tfaes
end Of the year.
An increase Of AZ per cent I'M fEsss
fiscal years gross earnings Is reportsSH
by the Jersey Central railroad, tEas
earnings amounting to $21, 676, 536. .TRsn
physical condition of the property haSs
been greatly improved by renewing
tracks, bridges and stations
Bigger Equitable Steals. ..s. s4
President Morton Of the EquitabICs
Life, Assurance society has made pssEs-
lie the facts regarding certain RTra
gular loans made under the old 'regfmgRs
showing that over 100000 Of the poo
cy holders money had thus been mtssa
1rom the treasury without any autfsOsz-
IL whatsoever. These sums We're als-
,lied on loan account Of the Akszs
,antile Trust company against GeoEg
B. Turner. who was used as .durBERsE
n the transfer of securities held by tEsse
Western National bank In which tEaae
Equitable was interested. The MsxE
.antile Trust company is to be cRIEs<l
N to reimburse the Equitable. PresF-
lent Morton also announced that I'm
uture no money belonging to policy
C0mfimssed on mace