The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1906-06-06
Coal CompanyPresented.
! Block Of 5000 Shares
To New York Central.
.CASSATT NOT. YET
ASKED To TESTIFY.
Reported Agreement Regarding
the Placing Of sidings-No
Coal or Oil Stock Held
BY Officials or En-
ployes Of the
Central.
tBy Associated Press.)

tBy Associated Press.)
PHILADELPHIA. Pa, juno 5.-con-
trary to expectation, President Cassatt,
Of the Pennsylvania Railroad, did not
appear before the Interstate Commerce
Commission to-day when It resumed Its
Investigation of the alleged connection
OF railroads with the soft coal and oil
interests. Commissioner Clements said
& the investigation had not reached the
stage that demanded the testimony OF
Mr.. Cassatt. and he was unable to say
whether or not his appearance would be
required by the commission.
The New York Central Railroad, the
Buffalo. Rochester and Pittsburg Rail-
road. and the Baltimore and Ohio. Rail-
road were under Investigation to-day, the
hearings being conducted by Commissions.
ers Clements and Cockrel. The exami-
nation of the officials OF the New York
Central occupied all Of the morning seq
sion and a part OF the afternoon session.
II developed that no employees or officials
OF the company held stock In coal min
ing or oil companies. Vice-President p.
". w. Rossiter testified. however, that
the Beach Creek and Coal Company had
presented to the railroad five thousand
shares OF stock, par value, 500, FOR trnf-
fc reasons Later, when the Beach
Creek Company was merged into the
Pennsylvania Coal and Coke Company,
this stock was surrendered the ratlroad
receiving $4,000 worth OF stock in the
latter company.
James Kerr, Of Clcarheld, a coal opera
tor. was asked concerning a reported
agreement regarding the. placing OF sid
ings which had been made by President
Cassatt and former President Galloway.
OF the New York Central. Mr.. Kerr
5 could throw no light on the subject.
Testimony Of Rossiter.
Vice President. Rosslter, or 8 the New,
York Central and Hudson River RIA i-s
road. in charge OF the financial depart
ment, was the first witness. the exagaIE s.sQ "
nation was conducted by Attorney E.#B..s
Whitney, Of New York. Mr Rosslter,
after explaining how the railroad ac-F
uuired its 5000 shares OF stock IN the
original Beech Creek Coal and Coke
Company, said that contract had been
signed by the railroad and the coal COM
pany and the stock was given In consid-
Grafton of the contract. This contract
was read BY Mr.. Whitney. It was dated
January II. 1901. and by its provisions
the coal company agreed to mine a
least 1000. 900 tons OF coal every year.
and the railroad agreed to furnish cars
equal to that amount OF coal ANNUALLY.
exclusive, OF fuel cars. The railroad
further agree to interest Itself IN no otner
coal company excepting the Clearheld
Bituminous Coal Corporation. The rail-
road also agreed to purchase oVoo TONS
OF fuel coal every year.
The capital OF the Pennsylvania Coal
and Coke Company, -lr. Rossiter thouSht,
ie SO. 900. 600 or sl2C0O.ooO
Mr.. RossIter said the C1eardeld Cor
poration was a merger OF number OF
smaller companies owned by the New
York Central. These companies, he said,
. ,,alE t<Naa 1n r l.
The witness stated that the railroad
also owned the entire stock OF the Cal
litsen Coal Company, but had an agree
ment with the Webser Coal and COKE
Company and the Pennsylvania Coal
and Coke Company by which the latter
operated the mines.
Commissioner Clements questioned Mr.
I;ossitcr concerning the policy OF the
New York Central as to its officials hold
ings in stock in coal mining companies.
He said there was no absolute rule. but
II was tacltly understood to be against
the policy for officials to hold such stock.
Distribution Of Cars.
q. ~. 5Ewlings, superintendent Of freight
TRANSFORMATION, was questioned concerning
tho distribution Of cars. He said tha
company never refused to inform coal
company as to It's rating. He SAID u
was 81 rule Of the company generally OBJ
served that when 1t was intended to
change the rating Of mine the opera
tors we're consulted. He was asked II
he had received complaints from opera
tors of shortage of cars.
"a man wouldn't be mine operator
unless he complained" was the reply,
.'Whenever shortages occur, we endeav.
pr to make them up as soon as possible,
Mr.. Ewlings stated further that there
were no individual cars onkthe New YORK
Central other than those OF the 13each
Creek Coal and Coke Company. The
railroads policy. he said, was 10 turn'sn
sufficient transportation facilities for all
coal mined, and there had never been
such a scarcity of cars Mt any time 70
seriously hamper the individual nine
production. .,.
COMMISSIONER Clements asked the Wit
ness IL he did not consider publicity IN
the matter Of distribution better policy
both of the railroad and the coal COM
pany. Mr.. Ewlngs said he could soc
no objection to such method
A. II. Smith. general manager or the
New York Central, said he owned no OIL
or coal company stock. He did not
know the policy Of the company con-
cernlng shareholdings OF the kind, but
had no knowledge of any official Of the
railroads holding stock In coal mining
companies Mr.. Smith was questioned
concerning sldings, He believed on sey,
eral occa sions requests for sidings had
been refused If complaint OF unfairness
had ever been made, the responsibility
rested entirely with the Judgment OF the
officials, is
i. r. Bradheld, general superintendent
OF the New York Central, said he had
no interest, directly or indirectly. In any
coal or oil companies,
Cigars But No Stock.
r. y. Crowley, assistant general su-
pprintendent, said that when he was
trainmuster he had received gifts 'oG
cigars, ink-stands and the Ike" but
got no money nor coal company stocks.
Mr.. James Kerr, coal operator, ex-