New-York tribune., 1907-10-13
NO CRIME YET-JER0ME
COMuENTS ON TRANSIT.
Says That Disclosures SO Far Do
Not Warrant fiction.

District Attorney Jeromes opinion expressed to
several persons. that criminal action would not lie
even against the participants in the dividends from
the Metropolitan Securities Company's check for
SSG5,Coo to Anthony n. Brady is understood to be
based the fact that none Of these participants
was n member Of tha board OF directors OF the
metropolitan Securities Company at that time
Out or the Sd3tO which not retained by
Brady Moore & Schley got Sl34O0O and Thomas
F. Ryan. p. y. b Widoner. William I. Elkius
Thomas Dolan and William c Whitney each got
more than $ll1Ool The District Attorney is m
derstood to have told Commissioner Wilcox that
none Of the disclosures before tho Public Service
commission up 10 date has indicated actual Grim,
inaiity. '
Yet the minutes Of the Metropolitan Securities
Company. introduced in evidence before The phi.
service Commission by William NJ WINS show
'hat 4nomas = Ryan was director Of the Metro
poHtan Securities Company at the time this cbac,
was paid to Anthony y. Brady. and that at a sub
I e.u,ul meeting OF the board Mr.. Ryan was pres
eht When the payment was approved
The minutes put into evidence b,, NJ r.,
sho" that AZ special meeting Of the board Of
directors held on May IN the Mutual Ttrs p,,r5
ihg Paul u. Cravath reported that the stocI,boId-
t.S H1d authorized an increase in the number NJ
la,.o'S from eight to fifteen and that the GER
'''iV0'' or such increase was then being filed ao
co'alns 10 the requirements OF the law
IheTeupon a resolution was adopted eIectins n
,ae board Herbert II. Nreeland. Thomas T. RYAN
=. w. Sayre and Richard w Meade
".'''c the next meeting. of which record was in
u"d"c'd by Mr.. WINS. the Whitney-Rrs,I,- tr,,,s,
ZION had been completed. the check 10 Mr. I2r,S
having been drawn May - 1902 on Juno IN 1000
Il meeting Of tha Metropolitan Securities c,,,,,-
"''e''"1S was held. az which all the neyy dI-sr+o
save MI. Ryan were present. At that rno.;Ir, ,ts
purchase OF the Wal & Cort'andt Street Ferries
"aS approved. in a blind fashion
The treasurer oC the securities ,,,,.-... -.
m'tted statement Of reccipts md dist,,.-.,..
VINO" was approved by tho board In ,b,t -.
..''"t WAS an Item, 'cost OF original r,,r..,,,, =
S'"cN or the lnterlrban and Of all the stoc,-
So .o''.7 ot t"e Peoples Traction Compa,y ,ba
Cha ~, ' "'s'ehester Connecticut Railway and
pany. s. 172 257 49," 4''''"ay Com
On August .. the next meeting rbor,a. ?,
"'' present The minutes Of that meeting ,on,ai-
LIS sentence The minutes or the previo,,s -.
I-5 were read and approred"-that is the MIMI,
49,, 80 .'..,.'s approving the purchase Of the Brsdv
io"o Ut |Ho'"V more than Brady got for 4. -
approved while Mr. Ryan was nrcsa,. =. = were
u'no prior to which he had received tb So, % =
check from Brady '''e >luoOO
Messfs- "idener and Dolan were NOT d,roo,o-.
NJ - 01li'leS company Yet II the action oP
- ~ "H tn getting stockholders money in tbo
u0''ouS FASHION in which the check for SIR ooo -
received was criminal as Soma -, 't'''V" was
thihk the action OF Widener and FIkjrs on, -, "
ana whitney and even Of Moore and st,a
was JUST as criminal. in the opinion of these ~
80 4"ey ueciare that within the meaning Of tho
% 'oiip'''auon OF several outsiders with a dirac
'oi Vi company TO obtain Improperly, f,,r5s %
that company would constitute a cors,t~a- -
"NcH the outsiders would be as guilty as the dirac
tor VINO got the money out of the treasury
"'l"m r. King announced yesterday that be
- lining d committee OF stockholders of the
metropolitan Street Railway Company which had
retained counsel to bring civil suits for the restora
ton Of funds diverted to improper uses Grirrs
BALDWIN & Pierce are tho lawyers whom Mr KIM
mas retained meeting of the stockholders will
Do hed at Che lawyers offices tomorrow afternoon
TO perfect the organization OF the COMMITTEES
These boOders and looters must be mazda 90
know that there are laws in the land, and they
must obey them." said Mr. King yesterday. Asked
whether he expected District Attorney Jerome to
take action in the case. Mr. King who served as
treasurer OF Jerome's last campaign, replied: at
am n friend of Jerome's I still believe IN hin,
He is not going to take any action until he's sure
he has 'got the goods but believe he'll do the
right thing about these railroad people"
Mr.. WINS and Marvyn scudder expert accountant
spent most OF the day at Mr.. Ivinss homo pre-
pairing for the examination which will be resumed
on Tuesday with several witnesses Mr. WINS
and the accountant have unearthed mass of new
material some of which is understood to be almost
as interesting the material in the special con-
struction" and property and franchise" accounts
Commissioner Eustis. OF the Public Service Com
mission. talked frankly yesterday about two pay
ments made to him by the Union Railway Company
OF The Bronx These payments of 800 each were
made three and two years ago. and were for legal
services not I'm the least in the line of "acceera
ton" OF public opinion. Mr.. Eustis said
In fact when the Quigg testimony about accelera-
ton came out Mr.. Eustis told his colleagues on the
commission about his own retainers In 1904 II ap-
pears from his cash book he received 800 for ap-
pearing as the roads attorney before the Board Of
Aldermen TO argue that It be permitted 10 lay
tracks on Macombs Dam Bridge. The second time,
in 1905, he argued that the Union road be per-
mltted to use the Washington and Fordham Heights
bridges which use the Interborough opposing.
Real estate in Manhattan and The Bronx
are crticistng the Public Service Commission for
going ahead with the Fourth avenue subway. Let
denouncng the action have been written 20 the
president of the Real Estate Board of Brokers and
the Association of Bronx Real Estate Brokers has
passed resolutions calling on the commission to
rescind it's action