The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-10-10
MONEY FOR ALL
METROPOLITAN RAILWAY A
VERY SOFT THING.
To Help Along Civic Federation It Gave
6,000-Money Was Paid to
Belmont-Schif to Explain.

NEW YORK, oct. 1o.-Members Of the
National Civic Federation's committee
which studied the problem of municipal
ownership here and abroad, may be al
most as interested as some ockholder
in the Metropolitan Securities Company to
learn that the Metropolitan contributed
$4,000 toward their expenses.
The money was paid by the Metropoli-
tan to August elmon as president of
the Federation. Mr.. Belmont, In making
a third and final call upon the Metropoli-
tan Company for 5000. wrote to H. H.
yreeland: 1.-THE work, as far as I under
stand, is very satisfactory"
Apparently the $4,000 was paid under
a guarantee by Thomas F.. Ryan, that
the Metropolitan interests would stand be-
hind the Federation on the municipal
ownership proposition to the extent OF
$40 1000.
This was brought out by the testimony
of e. W. Sayre, treasurer of the Metro-
politan Company, at yesterdays session OF
the Public Utilities Commission during
the investigation of Inter-Met affairs.
The F'ederation's committee Of ten set
sail from New York for Great Britain
May %. 1906. and was studying conditions
there until August of that year. In the
meantime others were sizing up the stu
alton in American cities. Among those
who made the trip abroad were Professor
John R.. Commons. of the University OF
wisconsin; Walter Clark, vice-president
of the United Gas Improvement Company,
of Philadelphia; Professor Frank Parsons.
of Boston: Talcott Williams, Ralph M
Easley. F. ]. Nutley and Frank j Gooo-
now.
Advocates for and against municipal
ownership were evenly divided on the com
mittee. The symposium which the COM
mittee got out began with an instalment
on July 8 Of the present year ana con-
tirued in weekly instalments until about
August l.
During the EXAMINATION of Mr.. Sayre,
Mr.. WINS said that i'll the companys list
of receivables there was an entry that
looked like a loan of $20S, 033.3S to Kuhn,
Loeb e. Co. as of September 30, 1902. Inc
witness denied emphatically as also did
Mr.. Cravath. the Metropolitan's counsel,
that the traction company had ever loaned
any money to the bankers.
Mr.. Cravath explained that that entry
to a loan of $2O0,0O0 which kunfi,
Loeb & Co. had made to p. H. Flynn
The directors Of the metropolitan Secufi-
ties Company, at a meeting on November
II. 1902. authorized the taking over OF
Il1S 1DdHy Dul Ilt lttiQNCo VI eAo
contain no explanation of the transaction.
Flynn had given his notes for the amount
to Kuhn, Loeb & Co. and the Metropol-
tan sent its check, receiving the notes IN
return. This loan has never been can
celled. Mr.. Cravath did not enlighten the
committee as to Flynn's identity. There
is a Patrick H.. Flynn, who was formerly
active in Brooklyn politics, and who was
at one time president of the old Nassau
Electric Railroad Company. He was also
interested in railway franchises in the
Bronx. A petition in bankruptcy was filed
against this Mr.. Flynn a little over a
year ago
1T remains to be shown to the COM
mission said Mr.. WINS, what this was
all about and in what connection this pay
ment was made.h'
Mr.. WINS added warmly that this pay
ment was on account of, a contract with
Flynn for the acquisition of franchises in
the Bronx, which have never been exer-
cised. He declared further that he would
call Jacob H. Schiff, at the proper timet
to explain the payment.