New-York tribune., 1906-05-25
FORCED TO SELL MINE.
Bankers Testimony Shoes Discriuni-
nation 6y the PENNSYLVANIA.

-
Philadelphia. May 24.-Additional evidence oei
discrimination by the Pennsylvania Railroad IN
the distribution Of cars in the soft coal field
was presented to the Interstate Commerce Com
mission to-day John Lloyd. banker and coal
operator Of Altoona. who is one OF the members
Of the banking firm Of Cassatt & Co.. testified
that the Columbia Coal Company was forced to-
sell the Alexandria mine because OF the short
age Of cars, and George E Scott. OF the Puritan
and Crescent coal companies declared that hs
paid for the use Of railroad cars when he failed
to obtain his allotment. and that for twenty
three days the railroad furnished him with only
one car. He also asserted that Michael Trump.
general superintendent OF transportation. had
told him the company intended to protect ths
Berwind-White Company at all hazards
While Mr. Lloyd was on the stand. counsel for
the commission made persistent efforts to force
an admission that he had been associated in a
business way with President Cassatt Mr. Lloyd
however, said that his only relations with Mr.
Cassatt were through Cassatt & Co. with whom
President Cassatt carried personal bank ac-
count. The railroad company had for many
years been depositor with the First National
Bank Of Altoona. Of which Mr. LLOYD Is presi-
dent.
Mr.. Lloyd also gave testimony concerning thu
organization OF various mining companies in
which he is interested. He said he helped 10
organize the Columbia Coal Mining Company.
Of which he is president and ]. G. Cassatt Sec
retary. II is a selling agency. representing four
mining companies.
PAID OVER 10 PER CENT ANNUALLY
Since 1896 the company has paid 100 per cent.
plus $4,000 which from time to time was ap.
piled from the undivided profits 10 the expenses.
Only 10 per cent Of the capital stock of S15OOOO
paid in Mr.. Glasgow. apOlogfzing for in
quiring into Mr.. Lloyds private affairs. asked
him if he at any time connected with A J.
Cassatt in coal companies. The witness hest
tated and thoughtfully replied that he did not
recall any transactions between Mr. Cassatt and
himself. He said he had dealt with J. G. cas-
satt. but did not believe the latter in any way
represented A ]. Cassatt
do you know whether A. J. Cassatt has ever
received any dividends from any coal properties
either through ]. G. Cassatt or otherwise?"
Il do not recall that he ever did"
Mr.. Glasgow brought out the fact that the
Altoona Coal and Coke Company with it's own
locomotive hauled its cars from the mine to-
the main track and for this received an allow
ance from the railroad Of IS cents a gross ton
on the rate of 81 so to tidewater Mr.. LLOYD
said the allowance was made because OF the
service the coal company rendered the railroad.
Asked if the Galitzen Coal Company. which per-
formed the same service. received any allowance.
Mr. Lloyd said he had heard it did not.
Mr.. Glasgow made persistent efforts 70 learn
through whom the Altoona Coal and Coke Com
pany received the allowance, but Mr.. LIoyd's
memory failed him.
WANTED RAILROAD MEN IN COMPANIES.
Mr. Lloyd said that E. T. Postlethwaite. then
assistant to President Frank Thompson. had i've
hundred shares in the Altoona Coal and Coke
Company. which he. the witness. had purchased
for him at "a or s. a share. Latter Mr.. Lloyd
bought Mr. Postlethwaite's stock at 81 so a share.
Other officials Of the railroad. the witness saia
had stock in the company. and when Mr. GIaS-
gov asked why they were taken in he said he
II as good business policy TO have
railroad men in the coal companies
II was previously testified that the Alexandrlx
Coal Company. one of the concerns in the CO.
Iunlbia Coal Company had been sold to the
Keystone Coal and Coke Company Asked the
reason for the sale. Mr.. Lloyd said that because
of the restriction OF cars at that operation &c
ceased to be a paying proposition Mr.. Lloyd
said it was the general impression that orders
had been issued by the railroad company re-
stricting the supply OF cars at certain mines He
said that when the Keystone company began
operations at Galitzen there was a reduction in
the supply Of cars at the operations in which hs
was interested. In answer 10 further questions
the witness said his company received 95 cents
q ton Tor coal Tor company use and was allowed
20 cents ton for hauling and handling on 4bo
tipple- An allowance was thus made by the
railroad on both commercial and company coal
Mr.. Lloyd expressed the belief that the publi-
cation Of mine ratings would save contention
and dissatisfaction.
Victor Wireman. of Camden. n. j. assistant
OF the Camden and AmbOy divi-
sion Of the Pennsylvania Railroad. said he pur-
chased one hundred shares In the Saltsburr Coal
Company from Captain Alfred Hicks. for which
he paid $4,000. The stock pays Y per cent diva.
dends AT the time Of the purchase he was as
sistant engineer Of the Pittsburg division. Ha
purchased the stock. he said on the recommaD-
iation Of Superintendent ODOuneI. OF the sama
division He also owned few additional sharez
In another company. for which he paid.
j. Howard Patton. OF Greenshurg. Penn n
NEW PITTSBURGH DAY ENp9EsS