New-York tribune., 1907-11-12
SUBPOENA FOR BRADY.
associates TAINTED. TOO.
Nay Tell Grand Jury About Trdc-
ton Deals, 1t Is Said.

Subpcenas were issued yesterday from District
Attorney Jerome's office for Anthony n. Brady
and. 1T is understood. for Grant B. Schley.
Thomas P. Fowler, F. w. Sayre and Paul D.
Cravath. directing them to appear before the
grand Jury tomorrow. These men all were con-
cerned, directly or indirectly. in the purchase
by the Metropolitan Securities Company from
Anthony n. Brady of the Wall & Cortland
Street Ferries Company. the paper road for
which 1865 600 of the stockholders money was
spent.
The story or the issuance Of the subpoenas flew
through Wall Street like wildire yesterday
afternoon and formed the chief topic for gossip
in the offices of railroad men and lawyers who
have been associated in any way with the case
It must be remembered that this sale took place
on May % 1902. and therefore presumably the
statute of limitations took effect May -. 19o''
This transaction already has been made the
basis for two suits for the restitution or FUNDS
alleged to have been improperly diverted-one
suit by the Metropolitan Securities board itself
AS brought ont i'm the Public Service Commits
sion's investigation of the Metropolitan Securi-
ties Company it constituted Wall Street sensa-
tion for nearly two weeks. Anthony N Brady
one of the men for whom subpnnas have been
issued. revealed most of the transaction. He
testified that after considerable dickering be-
tween himself and William c. Whitney he
agreed to sell the Wall & Cortlandt Street Fer
ries Railway Company. the franchises Of which
he had picked up at various times.
Mr.. Brady received for his paper road a check
of the Metropolitan Securities Company for ap-
proximately 1865. 900, OF this Mr.. Whitney per-
mitted him to retain $25OOOO. which, he said.
just reimbursed him for the cost Of the paper
road TO him. The rest. he testified. he was di-
rected by Mr. Whitney TO pay in this
0.BS. oFN e COfol
brokers. and Sill .625 each to William c. Whit
ney. Thomas F. Ryan. William L. Elkins. P. A.
B. Widener and Thomas Dolan.
Grant B. Schley testifying before the COM
mission, declared that this check for S134, 900
thus paid his firm went to settle account
maintained by Mr.. Whitney with Moore & Schley-
This testimony did not settle in the public mind
stories that this money represented payments of
yellow dog" funds and campaign contributions.
probably 70 Tammany Hall. Neither did the
denial Of the Philadelphia contingent. in this
little syndicate that this entire sum was used in
/ yellow dog transactions settle the reports en-
tireIy. although some Wall Street men believe
that the checks represented a little dividend
/ to the insiders in the traction crowd
OF the men subponaed Brady. SchIey and
/ Fowler may be considered first hand partici-
/ pants in the transaction. Mr.. Schley's firm re-
| ceived part Of the money: Thomas P. Fowler
was president Of the Metropolitan Securities
/ Company and his signature was appended TO
| the $685.. 900 check He still is under subpoena
; 70 testify before the Public Service Commission
regarding this transaction. Sayre. practically a
/ clerk is by title secretary and treasurer OF the
/ metropolitan Securities Company. Mr.. Cravath
| is understood to have advised Mr.. Whitney in
/ the transaction.
/ When the Public Service Commissions inves-
! tieations brought out Mr. Brady's admissions
/ there went up many howls Of protest against
| such methods Of using the stockholders money,
and in some quarters a demand that the District
! Attorney take up the affair and obtain indict-
| ments.
| Some lawyers who we're calling for indict-
| ments and criminal prosecution by the District
! Attorney declared that in case CriminaIity in
! this transaction We're proved sufficient 10 re-
| suit in indictments the fact that the statute of
! limitations had intervened could not save Thomas
| =. Ryan and p A r. widener. since they were
| not residents Of the State Of New York These
| lawyers. basing their contention on decision in
| one of the Folk boodlng prosecutions in Mis-
| souri,. maintained that all time spent outside
the state since the commission of this crime II
| II were a crime would not count toward the
period Of five years named in the statute OF Inn
Itatlons 1t could not be learned definitely last
night whether subpoenas had been issued for Mr.
! RYAN and Mr.. Widener With those for the other
! witnesses summoned.
| A feature of interest in connection with this
| subject was that Chairman Wilcox Of the Public
Service Commission had a long talk yesterday
with Judge Rosalsky. who Is in charge Of the
| grand juries this term.