The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-06-05
'BRIBED N,.Y.C. WITH
4STOCK, H e R
Road Agreed to Ignore Other
I Coal Companies, Confesses
& E.. v. w. Rossiter.

+ Philadelphia, June 5.--"Of course, I
shall testify if asked to do SO, and tell
5all 7 know. At present l know lit
tie.''
So said A. j. Cassatt, president Of the
4 PENNSYLVANIA railroad. After reaching
,!!home, President Cassatt began a series
/! of conferences with officers and direct,
ors Of the company. Hnotficlally, WoIu
.,later went out that President Cassatt
Twill not volunteer to go on the wit
illness stand before the interstate COM
ulmerce commission.
II It is not certain that Mr.. Cassatt will
!,.be called as a witness before the inter
state commerce commission which to-
I day resumed its investigation into al
Iileged Discrimination in the distributor: or
of coal cars. No subpenas have been is
|, sued for President Cassatt and Commls-
! :sioner Clements indicated that he might
not be asked to testify. Mr.. Clements
! said:.sszs
ii May Not Call Big Men.
II "We will not ask the highest officials
/ of any of the roads to appear until we
|, have learned all that is possible from
| their subordinates, and then it we think
! we want more light on the subject we
|, may send for them. However, we will
not stop until we know all about TINS ms
matter. AS far as / know there has
/ been no communication on the subject
| between the commission and President
! Cassatt.'
!. A number of officials of the New
i York Central railroad will be among
| the witnesses during the present hear
! ing.
! E. Y, w. Rossiter, vice president of
/ the New York Central s. Hudson River
| railroad, in charge Of the financial de-
!! partment, was the first witness. Mr.
| Rossiter said he is a director of the
resenting the interests Of the railroad
! company on the board. He explained
! that the railroad originally held 5000
! shares in the Beech Creek Coal & Coke
4 company and that the company was
/ absorbed by the Pennsylvania Coal &
! Coke company. While now part of
| the latter company it's business was con
! Quoted under its original title. I he
! shares slr e Of preferred, 5000 of common
! stock and 100000 worth of 5 per cent
/ bonds in the Pennsylvania Coal & Coke
/; UHow did the railroad acquire it's
1, stock in the original Beech Creek Coal
i & Coke company9' inquired Commits
4, sioner Cockrell. ,oo,
j ut was given to the railroad in 1901
! when the coal Accompany was organized; :, -,
4 1.-THE railroad paid no cash for ltF''
y "No. It was given for traffic rea-
\. sons"
Il Continuing, Mr.. Rossister said that a
i: contract had been signed by the rail
i, road and the coal company and the
i stock was given in consideration Of con-
I tract.
81 In Close Agreement.
NJ This contract was produced by coun:
u sci for the railroad company and read
:Etby Mr.. Whitney. By It's provisions the
II coal company agreed to mine at least
Il 100000 tons Of coal every year and
!':the railroad agreed to furnish cars equal
iijtto that amount Of coal annually, exclu-
a sive Of fuel cars.
y. The railroad further agreed to inter
est itself in no other coal company, >ex;;
cepting the Clearfield bituminous coal
corporation. The railroad also agreed
to purchase 100000 tons Of fuel coal
every year.