The sun. [volume] (New York [N.Y.]) 1833-1916, 1907-11-12
METROPOLITAN JOHN DOETNG
GRAND JURY TO TAKE UP WALL
STREET X. n. CASE TOMORROW.

suDpSsnas Out FER Many rraetIon Directors
This ls the Case In which A. N. Rrhdy
Received S00s. COO for . CrOsstewn
Franchise n Sent Rnck mJlg.OOO.
A general inquiry will be begun by the
Grand Jury tomorrow morning 20 find
out X any crime was committed in the
Wall and Cortlandt Street Ferries Railway
case, the facts regarding which can
out before the Public Service Commission.
As TIVE SUN announced IN Sunday IL will
be a John Doe proceeding. the object being
20 90 into all the phases OF the transaction.
Although tho purchase Of the so-called
paper railroad from Anthony N. Brady
by the Metropolitan a made more than
Ave years ago. the contention Of the Dis
trict Attorney and other lawyers is that the
statute OF limitations does not apply.
District Attorney Jerome will have charge
Of the investigation. and he will be aided
by Assistant District Attorney Kresel.
who has been working on the details for
several days. MIR. Jerome was canoeing
on the Connecticut River yesterday. but
he will be in town this morning or tO-morrow
morning. No calendar has been prepared
for the Grand Jury.For Wednesday morning,
so that the way is clear for this investiga-
ton.
In the absence Of Mr.. Jerome no one
in the District Attorneys Office yesterday
would discuss the investigation or even
admit that it was going to be taken up.
In the course OF the day Charles FNrnham.
secretary for Chairman Wilcox Of the
Public Service Commission. called on Judge
ROsalsky Of General Sessions. Judge
ROsalsky refused 20 say what the visit
was about. but II became known that IL
was in reference to the Grand Ty'sinquiry.
The Grand Jury reports TO Judge ROsalsky.
n II any special charge or Instructions
we're needed by the Grand Jury they would
come from Judge ROsalsky.
Mr.. Kresel kept a corps of subpoena
servers working all day. II was said that
more than n dozen subpOenas we're sent
out. II is understood that all the living
members Of the 1907 board of directors
Of the Metropolitan Securities Company.
the holding company for the Metropolitan,
which sent the check for s9e5 600 to An
thony y. Brady for the purchase Of the
franchise Of the Wall and Cortlandt Street
Ferries Railway. will be subpnnaed. The
Metropolitan Securities Company war in
corporated on February 10. 1902. with these
directors: william n. Baldwin. Jr.. Edward
j. Berwind. Paul ID. Cravath. Thomas p.
Fowler. president Of the Ontario and West
srn Railroad; George q. Haven, James II.
hyde. Augustus d. JVilllard and Mortimer
L. Schif. On May 9. 1902. these directors
we're added: H. II. Vreeland. Thomas r.
Ryan. Richard W. Meade and Edward ".
Sayre. The check was paid on May p.
1902, but at that time some OF the directors
had not qualified. IL was in 1909 that
p. A. B. WideneF and Thomas DOIan Of
Philadelphia became directors.
The purchase Of the franchise vas re-
ported to the bOard Of directors on June
10. 1902. under a blanket item. as follows:
Cost OF original purchase of s5OO,OOO
stock Of I~nterurian Company and OF pur-
chase Of all stock and bonds Of the Peoples
Traction. the New York, Wsstohester n
Connecticut and the Wall and COr,landt
Street Ferries Railway Company s2.I52,-
s53.is.-
These directors were present at the meet
ing: Messrs. Baldwin, Berwind. Cravath,
Schin. vreeland, Sayre and Meade. The
check that vas sent 20 Mr.. Brady was signed
by Mr.. Sayre a treasurer OF the Metropoli-
tan Securities Company and cOuntersigned
by Mr.. Fowler ss president. Mr.. Brady,
acting on instructions, sent hack his indi-
vidual checks. after he had taken out $3.50
600. the selling price. 10 William G. Whitney,
Thomas r. Ryan, Mr.. Dolan. Mr.. Widener
and William u. Eltins and Moore 4 Schley.
bankers. Each OF these checks, except
the ore to Moore 3 SchIey. was for sllI.-
s57.2s. The Moore = Schley check was
for siSi, 02s.se.
r. 10 understood that MIR. JerOme's in
tention is 20 put before the Grand jury
any witness or document that can throw
light on the transaction. The scope Of
the inquiry will be broader hat that made
by the Public Service Commission.
w~AsHES0roE. Nov. II Application wac
made to the Supreme Court to-day bv
Roger Foster. an counse for Joseph konrad
and others, for permission TO file an spplica-
tion for an order directing Judge La
cOmbs OF the Federal Court for the
Southern District OF New York 60 set aside
his recent order appointing Adrian IL. Jo-
line and Douglas Robinson receivers for
the Metropolitan and New York City rail-
ways.
KOnrad brings the action on his own be-
half as claimant for $500 worth OF fares
paid where tr&nefers should have been given
and az administrator Of the estate Of Paul
P~lanovsky, for whose death a Judgment Of
s.sss was rendered against the New York
City Railway Company. The other plain
tifs have Claims for damages. They alleGe
that the receivership proceedings we're
coIIusive. The same allegations we're pre-
scented to Judge LacOmbe here
Judge Laconbe refused to permit KOn-
rad 70 intervene in the re~oeivership pro-
ceedlngs. and the petition fled to-dav was
In eject an appeal from that decision. The
Court took the matter under advisement.
nuAnn RAIGKNG TIME pASr