Connecticut western news., 1907-10-10
METROPOLITAN LOOT.
Brady Exposes Crowd That Split Up S558, ,OOO For Paper Road.
TRACTION JUGGLERY SHOWN.

Whitney, Ryan, Dolan, Widener and
 Elkins, He Testifies, Got S111,652
 Each In Deal Where Franchises Were
 Sold at $250, 1000. .
 New York, Oct. 9.-Sitting within a few feet of District Attorney Jerome, who listened intently to every word he said, Anthony N. Brady, millionaire controller of the destinies of the Brook lyn Rapid Transit told an astounding story which indicated that William c. Whitney and Thomas F. Ryan of this city and Thomas Dolan, P. A. B. Wid ener and William l.. Elkins, the Phil adeiphia traction men, had ''cut a melon" at the expense of the Metropoli- tan Securities company which netted each of them $111, ,652.7S.
 Brady was the star witness at the Interborough Metropolitan investiga- tion before the public service commis. sion. Jerome had an inkling of what was coming and went there to hear the story for himself, so he might be able to decide whether to call upon the grand jury to investigate it. He went away without expressing an opinion. Unfortunately for him, it was said the transaction occurred longer than five years ago. That fact may prevent action unless the law in relation to trustees should apply. Whitney and Elkins are dead. Ryan, Dolan and Widener are living. It is believed thot J nf hn ,1.;r1 fY,o1 of the situation, civil suits will be be- gun to recover the money.
 Brady said he owned franchises for the Wall and Cortlandt Street Ferries Railroad company, declared by the courts to be worthless, and for which road the right of way never had been obtained. The road never had been built The plan was to connect the Wall and Fulton street ferries on the East river with the Cortlandt and Lib erty street ferries on the North river by trolley line a little more than two miles long. Brady agreed to sell the franchises to the Metropolitan Sc. curities company for what he said they had cost him, $250,000. Whitney ac- cepted the offer and told him he would receive a check
 Had to Divide 1t.
 When Brady finally received the check from the Metropolitan Securities company to his surprise it was for $965, 5,607.19 instead of for $250000. With the check was memorandum from Whitney instructing him what to do with the surplus, amounting to $715,607.19, which was to be taken from the Metropolitan Securities treasury. Whitney told Brady to deposit the check and get the money and then to send his own checks to Whitney, Ryan, Dolan, Elkins and Widener for $111,- 652.78 each and to pay $134, ,02S.92 to Moore & Schley, bankers. What that payment was for was not revealed, but it is believed William M. Wins, chief prober for the public service com mission, will call members of the firm to clear up that part of the transac- ton. It may have to do with other franchises purchased. The entire ex- penditure of $965,0OO was charged in the Metropolitan books as an asset
 When discussing the probability that
  tective scope of the statute of limita- tions because it was closed in June, 1902, man of prominence at the hear ing said if District Attorney Jerome had probed the company three years ago. when William N Amory filed his charges against the Metropolitan, all the queer financial transactions now being disclosed would have been brought out in tho grand jury room.
 Put It Up to Big Five" ..sr
 The purchase of the Brady fran chises was reported to the beard of the Metropolitan Securities company on June 10. 1902 This memoranda covering the check was filed:
 "Check fer $965, ,GOT.19 to order of Anthony N. Brady, being final pay ment under contracts with George s. Bixby for the stocks and bonds of the Interurban, Peoples Traction, New York, Westchester and Connecticut and Wall and Cortlandt Street Ferries | Railroad companies"
 | Twins asked Brady bluntly if he i knew anything about the other items ] contained i'll that memorandum and covered in the check he had received.
 "None whatever" Brady replied, l thus putting the entire responsibility up to the Big Five" in the Manhattan and the Philadelphia traction fields. Brady said the money he received was used to pay the Central Trust com pany for the money it had lent to him when he made the original purchase | of the ferry connection franchises. It also met the interest on that loan.
 Says Roosevelt Disturbs Stock Market
 London, Oct. O.. The Daily News l 1,l icI,n Into