The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1907-10-10
BIG MONEY MADE
OUT OF PAPER
CORPORATIONS
Inquisitor Wins Brings Out
Startling Revelations.
SECRETS OF TRACTION TRUST
Financiers Accused OF Sharing Thou.
sands Made Out OF Trolley Line
That Was Never Built.

NEW YORK. Oct 10.-As a result of
the startling disclosures made before
the public service commission In Its
lnterborough Metropolitan investiga
ton by Anthony n. Brady, Inquisitor
William NJ. WINS will call to the stand
members Of the firm of Moore L.
Schley. bankers. to explain the purpose
of the Sl34,02S.92 Brady says he paid
them out of the 1865. 607. 10 handed to
him by traction magnates for pa
per" corporation.
Whether or not this amount was
used in the purchase Of other fran
chises is yet TO be determined. Brady
said he did not know.
1t Is also said that, while the statute
of limitations may prevent criminal
prosecution for this footing of the
treasury of the Metropolitan Securi
ties company, civil suits can be brought
TO recover the money.
Brady gave his sensational testimony
while sitting within few feet Of Dis
trict Attorney Jerome, who at the con-
clusion declined to make any state
ment Brady told how he had receiv-
ed $250,0O0 for the franchise of the
Cortland, Wall and Fulton Street Fer
ries railway, hypothetical line, and
how he was paid in a check for $685.
607 10, the remaining $4,000 being di
yided among Thomas +. Ryan, Thomas
Dolan, William l.. Elkins, w. G. Whit
ney, Z. A. Is. Widener and Moore L.
Schley, bankers, each getting SILL
652.7s.
The board of directors OF the Metro
polltan Securities company approved
the sale, and the entire sum Is still
carried on the books of the company
as an asset.
Mr.. Brady in bis testimony said
when he purchased the franchise Of
the mythical railway he intended to
build II, but refrained from doing 50
at the request of William c. Whitney.
1t was also brought out at the hear
ing that besides his $1l1,652.7S share
in the Brady deal Mr. Ryan had re-
ceived from the treasury of the Met
ropoltan $4,000 for which he gave no
accounting. Checks for this amount
were placed in evidence.
Ii was further shown that since 1898
IL. III. Nreeland had received over and
above his annual salary as president
S113,316, for which he has rendered
vouchers. sometimes incomplete, and
SlS5,2i906, for which no accounting
has ever been made.
A loan of $4,000 was made through
Charles A. Conant to Thomas Quinn,
ut one time proprietor of the New
York Daily News. No payment was
ever made.
Two checks for $1,000 each to J. Ser.
geant Cram, the bosom friend and DO.
litlcal adviser of Charles f. Murphy.
We're said by Mr. Vreeland to be for
local services" yet they were carried
as an asset in the property and fran.
chise account. A check for $1,000 to
Daniel +. Cohalan, now chairman of
the Tammany Hall law committee,
was shown. n
A Philadelphia dispatch says that
Thomas Dolan and p. A. Il. Widener.
together with Il. +. Bower for the es-
tate of the late William L. Elkins of
that city last night issued statements
denying that they received part of the
proceeds from the sale of the securities
of the Wall and Cortland Street Fer.
ries railway to the Metropolitan Secu.
rites company, as was indicated in the
testimony given by Anthony y. Brady
before the public service commission
in New York.
Mr.. Dolan says: "On Jan. 20. 1900, at
tire request of the late William C.
Whitney loaned him 100000 and
sent him n check for the amount. On
May %, 1902, the loan, with interest
amounting to $1l ,G52.7S, was repaid to
me by check of A. n. Brady, as to the
origin of which had no knowledge OF
Information"
The other statements are identical
with Mr.. Dolan's.