The Bridgeport evening farmer., 1909-06-04
DELIVERED
 THE GOODS"
tContinued from First Page.)

(Cont1nued from First Page,)
 Commissioner Maltbie of New York, put to flight the statement made by counsel of the interests before the committee that because of the exist ence of a public service utility board in New York, capital had been fright ened off and it was no longer possible to get big Improvements financed.
 MT. Maltbie said that not only was that assertion at variance with the real condition of affairs but it was childish. He told of one proposition now before his board that involved an expenditure of S25, ,O0o, 900, the money for which was forthcoming from the bankers only on the proviso that the plan and scope of the promoters had mission.
 At the present time he said upwards of $2e0, oO0, 900 was represented in vari- ous projects that had or were coming before the commission and the expen- dfture of which 1t were safe to say would rest largely with the attitude of the commission toward these improve ments MT. Maltbie was questioned by MT. Robbins but his answers were always frank and most intelligent. He impressed his hearers as having pretty clearly shown that the only reason that exists why Connecticut should not follow the lead of the Empire State in the matter of regulating her public utilities was a. corporation reason and therefore a selfish one.
 Chairman Wilcox who followed, gave the committee many surprising facts to think about. He went into dis cussion of the stock and bond features of public service corporations and showed how the commission contrived and succeeded in protecting the inter ests of the public. The whole ques- ton of having public utility board, he said. resolved itself into the prin- cipfe that public service corporations and the public were in partnership and it was the duty of the commission, the corporations played fair and did not impose upon the public, either in the matter of excess dividends or excess sive rates.
 He told how Theodore P Shonts, pro- moter of New York had come before the commission and offered to finance by private capital at cost of s80, ,000.- 900 new system of subways in New York which property at the end of a stipulated period was to become the property of the municipality of New York without the city paying one cent for the same.
 by public service corporation for what it's agent said was "to accelerate public opinion and also of the pay ment of $500,000 into a ''yellow dog fund by a corporation. Vhese things he said were before the days of the utility commission in New York. They are not likely to occur again.
 Answering MT. Judson, who asked him if 1t were true as the committee had been informed that the days of the commission in New York were numbered and that much dissatisfac- ton existed because of it. he replied that on the contrary neither public nor press nor as far as he knew the corporations themselves sought to have the commission destroyed and the IT, cent session of the New York legisla- ture passed amendments strengthening the commission.
 MT. Wilcox answered MT. Robbins questions with celerity, also the Ques- ticns asked by others. The committee agreed to hold forth again next Tues day and hear anyone who cared to ap- pear and the following day will be given up to arguments by counsel.