The Washington herald., 1907-11-10
MAY MAKE ARRESTS
District Attorney Will Act
in Trolley Case.
FINANCIERS MUST ANSWER
Jerome Hints that New York Poll
ticians May Hold Some of the
Were Unable to Find in the
Wall and COrtIandt Deal.

New York. Nov. 9-Wau street heard
to-day that subpoenas were out in a
John Doe proceeding TO be begun by Dis
trict Attorney Jerome IN the Wall and
Cortlandt Street Ferries Railway case,
which was the center of interest in
financial circles some weeks ago.
1t was reported that subpoenas are
out for most of the men who were con-
cerned in the transaction. District At
torney Jerome was out OF town to-day,
and Assistant District Attorney KreseL
who has charge of the Office in the alb
sence of his chief would not confirm or
deny the report
The Wall and Cortlandt streets deal
was put through in 1892 but 1t has been
said that some of the men who received
money In the deal would not be pro-
tected by. the statute OF limitations. if
any action should be brought against
them, because their absence from the
State of New York may be deducted
from the full period of five years. John
Doe proceedings may be brought before
a judge Of general sessions sitting as a
magistrate. before a police court magis-
trate. or before the grand jury.
Brady Testimony Reviewed.
Anthony y. Brady testified before the
public service commission that he bought
the Wall and Cortlandt Street Ferries
Railway Company for $4,000 and en-
tered into an agreement 10 sell the fran
cifise to William c. Whitney. who was
then the leading spirit in the Metropoli-
tan Street Railway Company's affairs,
at cost. May -. 1902. Mr.. Brady received
in payment for the paper railroad the
check Of the Metropolitan Securities
Company for SS65.50719 Up to that time
he had not known the Metropolitan in
the transaction
Mr.. Brady said that he received writ
ten Instructions as to what he should
do with the balance OF about Sis 900
which was left after he deducted $4,000,
the purchase price, for himself The in
ference was that these instructions came
from Mr.. Whitney.
Mr. Brady kept his $4,000. and drew
six Of his personal checks for the bal
ance. FIVE for $1l1. 652. IS each to William
c. Whitney. Thomas F. Ryan. Thomas
Dolan, =. A. B. Widener. and William L.
lIf
brokerage firm Of Moore q Schley. Mr.
Brady sent these checks to Mr. Whitney.
The books of the Metropolitan Securi-
ties Company showed only that a rail-
road had been bought from Mr.. Brady for
S965.5G.19. Mr.. Dolan and Mr. Widener
and representatives of the Ellxins estate
issued statement after the transaction
had come out before the public service
commission, in which they said that each
of the checks for SlI1, So. IS that had gone
10 them represented a loan of 500. 600
which had been made 10 Mr.. Whitney.
with interest. The Philadelphia finan-
ciers disclaimed all knowledge Of the
source OF the money.
Statements at Variance.
Grant 3. SchIey. of the firm of Moore
& Schley, testified that the Brady check
for $l34e2SS2. which came TO his firm,
was to cover advances that had been
made by the firm on Mr.. Whitney's ac-
count
The account that Wall street has fire.
quently heard Of this transaction was
that $4,000 went to reimburse Mr. Whit
ney for a contingent fund" which he
had found necessary to maintain in the
interest Of the Metropolitan. and which he
i4Ad -e'4'NN ~ DDAAV"lA4S hiohey ltoil inc
five men who were named by Mr.. Brady.
II has been reported that a large part of
the $4,000 which was advanced on Mr.
Whitney's account by Moore & Schley
got into the pockets Of Tammany poll
ticians.
The public service commission could
not, under the scope Of its investigation.
trace these moneys, and it is possible that
Mr. Jerome is going to find out il some
of the money really went. as has been re-
ported. to pacify the irate politicians who
had sustained market losses on what they