New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1906-03-15
III. S. R. DEAL INQUIRY
MAY INCLUDE MERGER.
State Railroad Commission 4cts on
WoU Ch0rges-Mayer to Help.

Buffalo. March 14-The State Railroad Com
mission to-day decided to make investigation
Of the charges against the Metropolitan Street
Railway Company preferred by Judson c. Wall.
The scope OF the inquiry. il is said may be
vfdened 10 take in the Beirnont-Ryan traction
merger IN New-York City.
This action was taken after the papers Of the
merger had been turned over 10 the commits
sion by Secretary Kennedy OF the board. who
arrived with them from New-York this morn
ing.
one OF the papers was the complaint original
" made by Judson G. Wall. president Of the
Prospects Heights Citizens Association OF
Brooklyn. 10 Governor Higgins. In this COM
plant MI wan directed the Governors atten-
tion 10 certain reports which had been &C
cepted and printed by the New-Yorx State Rail
way Commission"
At the close OF he session Commissioners
Dickey made the following announcement:
The board has decided to take up that matter
and make investigation OF the charges II
has been decided, also 10 ask the AetoTney
General TO take charge Of the investigation. The
first hearing viii he held IN Albany next Wednes-
DAY morning al IL o'clock
Mr. Dickey would answer no questions
'gsrding what was said and done in the secret
session.
Commissioner Baker said this afternoon:
The investigation Of this matter will be most
my light upon any phase of the transaction viii
be called before the commission DO not ex-
pect the commission will take up the matter
again until the meeting az Albany next Wednes-
day. when Attorney General Mayer will be
rslled into the investigation the commissions
eegal adviser.
Secretary John s. Kennedy and A. L. Judson.
NHpert accountants Of the State Railroad Com
mission. left here at noon for Albany with all
the papers connected with the case. They will
be at once laid before Attorney General Mayer.
Mr. Wall in his complaint referred TO the
Sworn statemsnts OF the Metropolitan Street
Railway Company for 1903 and 1904 and said:
i has been openly charged that these said
EtRtements DO not account for the sum Of $4,000
900, which was charged against the company for
commission and discounts on the $l5,000,000
per cent notes Of which only S3.465.000 were
issued. These S5.465 900 were nearly all retired
that statement showed only s66O.000 outstanding.
Mr.. Wallis letter was referred by the Governor
20 the State Railroad Commission and in turn
by the commission 10 the officials OF the New
York City Railway Company. Replying to it
u. II. Vreeland president OF that corporation,
addressed letter 10 Secretary Kennedy OF the
Railroad Commission. IN which he Enclosed a
report Of the controller OF the Nsw-York City
Railway Company answering the complaint set
forth by Mr. Wall
The controller says that Mr.. Wall refers 20 the
Y per cent debenture notes Of the New-York
City Railway Company. OF which there were
SIS 100000 par value authorized and which were
subscribed for the Metropolitan Securities Com
pauy al 20 per cent. The discount Of 80 per cent
an these notes has never been charged against
the Metropolitan Street Railway Company.