The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-06-11
CASSATT SAYS HIS
SKIRTS ARE CLEAN
Never Received Compensation
from Pennsylvania Shippers
OWNS NO OUTSIDE ST9Ss
: =
His Holdings are Entirelycs sOn-
panles Whose Proper Not
Along the Lines the
Pennsylvania.
OWNS NO OUTSIDE ST9Se

Philadelphia. June 10.-A special investi-
eating committee appointed by the board
of directors of the Pennsylvania railroad
and acting for all the lines of the Penn
sylvania system tonight made public the
answers of President cassatt to the ques-
tions propounded by the committee in
one of its circulars sent to all officers
and thousands of employees Of the varf-
Gus lines. Mr.. Cassatt takes up the ques-
tons seriatam and in reply to the first
query as to whether he has any inter-
est in any coal company or other enter
prise located on the company's lines since
January 1, 1900. says:
IT do not at present own any stock
In any coal company whose mines are
located on or whose coal Is shipped over
the lines of the Pennsylvania system"
Mr.. Cassatt then enumerated his hold
ings OF stocks of the Pennsylvania Steel
company and Cambria Steel company and
two smaller industrial companies.
Mr. Cassatt said he had not directly
performed any service in connection with
the reception or delivery of any freight
shipped by or consigned to any of the
companies above named
In reply to another question he said he
had not performed any duties in connec-
tion with the distribution of or allotment
of cars or the furnishings of sidings
equipment, motive power, dockage or 9TH
er accommodations for any of the COM
panies named unless the purchase of loco
motives and cars for the general business
of the Pennsylvania Railroad company
and the furnishing of siding. under the
authorization of the board of directors
may be held to come within the scope of
the question asked.
Never Received Gift From Shippers.
President Cassatt says he has never re-
ceved any commission, compensation, gift
or gratuity OF any kind from any ship
per on the Pennsylvania lines or any of
the five companies he mentions in his
first answer.
In reply to the question as to whether
he is pecuniarily interested in any COR
poration, association or individual doing
work for or furnishing materials or sup
piles to the Pennsylvania system, he says
that the five companies mentioned in his
vania Railroad company and with the
exception of these companies he is not
interested In corporations or individuals
referred to in the query.
He said he has not performed and Is
not now performing any service In con-
nection with work done for, or the pur-
chase or receipt of material or supplies
by the Pennsylvania railroad system ex-
cepting that he has, In accordance with
~, t1lx1 L.
steel rails for the entire system. These
purchases are reported to the board of
directors for their approval.
After concluding his answer. President
Cassatt makes the following statement
to the special committee:
Makes Statement to Committee.
1.-The only coal stock owned by me
since becoming president of the Pennsyl-
vania railroad is 100 shares of the Mill
wood Coal and Coke company, which
stock has been sold, but in view of the
reputed rumors of my being a holder of
stocks of the Keystone Coal and Coke
company and of my being interested in the
firm of Cassatt e. Co., / think It proper
to state that l never owned or had any
interest In the stocks of the Keystone Coal
and Coke Co. or of the Henrietta Coal
company, nor have ever had any interest
in the firm of Cassatt & Co. / never own
ed any stock of the Berwind- White Coal
Mining company while an officer of the
Pennsylvania company, either during my
former connection with the company,
which terminated by my resignation of the
vice presidency In the fall of 1882 nor since
! became president In 1899, but when in
1886 Charles ]. Berwlnd. then head OF
the partnership of Berwind- White & Co.,
formed the present Berwind- White Coal
Mining company to take over the business
of that firm, I purchased 400 shares of
the stock of the company and paid for
1t at the then market price. which was
25 per cent of its par value. l sold this
stock In 1891. You will observe that 1t
was purchased four years after | ceased
to be an officer of the company and was
sold eight years before / was elected to
the presidency. / never had any interest
In the partnership of Berwind- White &
Co."
----------e.------------