The sun., 1908-04-22

butrry stock that the metropolitan owned
aut .wns to-day
lie didn't know'of the sale Of the croes.
own road TO the Metropolitan for SseS,OOo
until he got the Sill 900 check He got
10 profit on II
The Jurors wanted to know why the
money advanced for the Metropolitan
Street Railway should be paid by the Metro
pollian Securities Company. Mr. Jerome
made a long explanation going over the
history Of the companies .
mir. Whitney took the purchase price OF
the road. t237 OOO' said Mr.. Jerome, and
added It 10 certain sums Of money which
had been dsbursed for political purposes
and then sold the road to the Metropolitan
Securities Company at that enhanced
price"
MIR RYAN said that was correct. II Mr..
Whitney had died before the money was
paid back there would have been no record
10 show that the $500. .OOO had been advanced:
Il don't think we would have got cent,
said Mr.. Ryan. The truth OF y Is that
Mr.. Whitney had asked US TO give him that
money. We knew il was for the benefit
Of the corporation because he said So
II was up TO him. | never asked him ior
that money | would have had no claim
against Mr.. Whitney. II was up To- MN IN
some way or another to get us PACK tht
money; this was the method he TOOK mat
is all there ia TO it. ,-.-, q,
Mfr Ryan said no never speculated IN
Metropolitan to any extent; never went
into a pool or had anything to do with one
His holdings in Metropolitan had increased,
not diminished, Il am sorry to say mere
was no milking Of the company, ne salu'
The formation Of the Metropolitan Se-
curitips Comnany was necessary, Mr. Ryan
said becausp of the plCctrifylnR OF the
elevated roads The Metropolitan street
Railway had a floating debt oi " OOVOo
and he was carrying hall oi IT, Alter the
electriying Of the elevated lines, he Ntlu'
was necessary 10 make Improvements ON
the surface lines. lie said.
sJay Gould had all along refused 20
electrifv the elevated. But when be died
George Gould suw that he had not gwen
the people what they demanded When he
had Accomplished the improvements Oh
the elevated and increased trutiic there
our road was hurt to the extent OF lhOuNtlhs
ofdolhis. Then there was the underground
road never could believe that the UNDER
ground road would ever do the business
that II il doing made up my mind that
something had To- be- done, and | found
the people downtown who were Wiling 10
take their chances in providing the money
This was MIR. Ryan's testimony on the
payment of 81, 100 to Lemusl + Oulgg
I'm 1902 and lall II became evident TO me
that there would be- a concerted raid upon
the credit OF the company. In the beginning
We would have from Minneapolis NJ irom 81
ouis or from Baltimore or from Kansas cry
intimations or inquiries over private wires as
10 what was going Oh 10 Met ropOlitau: then
IL would become little more SPECIFIC. II
was very evident that there was some party
at work
sent for Nlr Quigg and told him that |
would give him slU.OOr rs lee aud pay Ihe
py ypense, and provide detectives 10 20 to
work and run his down. and he started out
10 do II aud We located It Ia Baltimore We
found Nmory and what Is this man name
that married an AstOr; DHytOr. We
located il In Mr. keene Urce; but u is only
Justice TO Mr. keenr 10 say that he never had
anything 10 do with IL and refused to have
anything to do with it,and believe he said
his son did
o. His son-n-law. Talbot Taylor \. Yes,
sir. They put these people up to II and they
starte ed the raid. # i. i've years ago. That
money was used 10 trace II. Every dollar
was paid 10 Mr. Oaigg.
o. Bya Juror Mr. Ryan, how could AmOry
and Drayton assume formidable prOPortOQs;
they we're not men Of any wealth or any eN-
tenslve connections \. Well, they had the
firm OF Talbot !, Taylor, which Al that time
was supposed 10 w rich brokerage firm,
behind them They had the New York
WorlJ-the nan on the New York h".ic.
O. BY Mr.. Jerome: Tell the jury Mr.
Ryan. about the Worlds conuection with Il,
a. a. "A naI Ia
4. Why, one day prominent man came into
my oiloe and he said, Il don't think YOU
know what i going on about the Metropolitan.
There is going To be a great blast In tho news
papers tomorrow And he brought loter
from one Of the editors OF the New York
World asking him to sell Metropolitan short
A iuror-Who was II that came TO your
ONCE? 4. Well. | would rather not say.
Mr.. Jerome-It was Mr.. Bird COlcr, II IL
matter OF public knowledge.
o. Shortly thereafter was not letter
brought TO you in which the order to sell
short Metropolitan by the city editor Of the
World, then city editor OF the World, Burton
wasn't such letter brought? \. Yes sir.
4 Juror-Sell short TO what extent: \.
forget
BY juror-As Tar a. YOU liked
Mr.. Jerome No. they were moi piungers
hut Il was simply evidenCng motives, simply
to show that certain employees OF the World
that had il in their power to control the news
of the W0rid at that time were short. IL was
not a large amount The sale OF Itself would
not have affected the market, II vas only
that II was ordered just before publication.
MIR. Ryan 1t was information that such
publication was tu be made and they made
the publications. came out,
o. Was the letter given up by YOU, or any
one by your authority, returned 10 Mr., Pullt'
zerY A. Il was returned to the World on the
understanding that II / would give up that
letter forever afterward they would leave
me alone and not annoy me.
At one stage Of his testimony about
political contributions Mr. Ryan said.
Il have always found political parties in
receptive mood. We were always in
formed that an election was coming on ,