The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-06-11
Answers Of President Of Pennsyh|
vania to Questions Of Special
Investigating Committee q
Made Public Gives Is
an Account q ~
Holdings.
{By Associated preys,55

the company $ lines since January 1,ss
1900, snys: ssi .sS3 Il l
'''1 do not at present own any, stock I'll
tS in any coal company whose mines saresss!
located on or whose coal Is shipped 5s$
overl6the lines OF the Pennsyl vanias ss
4 Railroad system sSis tiSA ASS
Stt Until the 31st of December last Is'aS
% owned g1eo of the ( 4 900 shares Of the ags3
& sNiillwood Coal and Coke Company
stpar, &50). !. a stock which II subscribed
4 for when the company was formed,
4 about the year 1877. and paid for at ssI
II the subscription price, which, TOT theA Ass
best of {my3recQ &c ton, was par. There @a
was no maj rket for his stock, as It sssg sss
only paid dividends at Irregular inter
4 walls, but last fall an i offer was made sS
II for NIL the stock by the owners OF the sss
saad Joining land. @a nd my stock was
N sold with the rest.
Stock He II olds. II .l3s MI
d own ass9 OF the 35, 900 shares OF the
common stock OF the Union Switch "a
5 and Signal Company (parI 500 which
B II purchased about 1ss4 II The then ss
& market price, which ], as neorl " as . ssS 4
can recollec ect. was $50 per are.
II own E 45 Of the n 800 shares o 5;s
ss8S stock of the llili ted 4 States Metallic
Sis. acking n Company (par 8 1O0) ),3S Whic
sS8ls sbough IL nbout 1856 at the then smarketSk
price. which think was about s5o9E
p perFshare. II, s5if siS2
own Z, ,2ss Of the 5000 shares ofss
9H the preferred stock Of the II Pennsyl-iEsS EsS
{vania Steel Company (par <100 ,5s This eHs
ri stock I purchase "a at rious tines
my first purchase having made silllEs n
Ny first purchase having been nadelsss
u In October, 1901, some mon this al ter thi, s
Il acquisition by the Pennsylvania la Com-S
ts pany Of a ma jority Of the share oe sssa sss
B the capital stock OF the !Pennsylya sss
MIA Steel Company. Ny last purchase s
was made on the ninth Of May OF GSs 4G4Sss
ii this year. The average price paid by 81
& me was $97.79 sis IN
i3}.'I own .00O 20 the 100000 shares OF Ss
vi stock Of the Cambria Steel CompanyTft,
s (pari S5O) which; II purchased at a..
cost OF $34 per share on the second Ss
day OF May, 1906. Is Those shares re-s5
I placed 1000 shares Of other stock OF si,t
. the said company. all OF which we're %
bought by me i after the Pennsylya-sSs9
81 MIA Company had acquired a mo- jorityEs.
{ OF the shares OF the Cambria Steel FAX
4 Company, /, but which5I had subseq qusnt-Sa
4 lye sold. rs x * ss,. 81 ,fs
" Mr.. Cassatt said he had not directly
performed any service in connection with
the receipt, transportation or delivery Sofs
any freight shipped by or consigned h to;
had not performed any duties IN connec-s
ton with the distribution or allotment OF
carson the furnishing Of sidings. u equip
ment, motive power, dockase or ther5
accommodations for any Of the companies
named, unless the purchase OF locomo-s
tives and cars for the general businesa
OF the Pennsylvania Railroad Company
and the furnishing OF sidings, under thsjl
OF the board OF directors.
~
the question asked. St4
Received No Gifts. is
President Cassatt says he has neyesl
received any commission, compensat tlongi
gift or gratuity OF any kind from any
shipper on the Pennsylvania COMPANY
or any Of the five companies he mem
tons In his first answer. $l
AS to whether he Is pecuniarlly inter-
ested In any corporation, assoctati tion &ot
Individual doing work for or for fursa
nshing materials OF supplies to- the Penrls.
sSivania system, he says. that the Sfivas
companies mentioned In his first ans
swer makes sales to the Pennsylvania
Railroad Company, and with he exception
OF these companies, he Is not interested
or concerned In corporations or ndt,,3}
yiduals referred to In the query. He saya3
he has not performed, and is not per.i
the work done for. or the purchase or
receipt of material or supplies by the
Pennsylvania system, except that he has Z
In accordance with established CUSTOM
purchased the steel rails for the entira
system. These purchases are reported I
to the Board of Directors for their apss3
prevail f$ Is. iss a
After concluding his answers, President 4
Cassatt makes the following statement;
to the special COMMITTEES: S58@
"You will observe that the only coal 8'
stock owned by me since becoming sss
s president OF the Pennsylyania Kan n
road Company is 100 shares OF the " 4
Millwood Coal and Coke Company. \
which stock has been sold; but in fsss
view of the reported rumors of my
heipg a holder of shares OF the Key,
stone Coal and Coke Company. thes 5g
Berwind-White Coal Mining Company
and the Henrietta Coal Company. ana vi
az my being Interested III the Arm az s@
II Chssatt and Company. think IL n
proper to state that never owned t
or had any interest In the stocks OF Il.
or eof the Henrietta caSl Company,SsS \
nor have ] ever had any interest In d
the firm Of cassart and Company.
II never owned any stock OF thu &sss 55s
s Berwind-White Coal Mining Company. ~
while an officer Of the Peni,sylvanlRss sss ~
Railroad, either during m. former sSsS
connection with the company. which 81
Terminated by my resignation of the N
X!si.gSss! s!dsasx sn shs islk ek 4sss nor ss