Atlanta semi-weekly journal. (Atlanta, Ga.) 1898-1920, 1909-07-16
M'LENDoN BOUGHT =
$4,000 OF BONDS

Ths purchase OF $4,000 OF Athens Elee-
trfc railroad bonds was nxeo on ;. u
nf~r.an6on- SUSPENDED railroad commits
rgorar AT the legislative inquiry into Mr.
McLendon's oficial conduct Tuesday att
eruoon W. T. Bryan, secretary OF the
company. declared that he had solo 20
Mr.. McLendon. in two transactions SoO'voo
Of the bonds This. and the testimony Oh
Judge A. F. Daily, president OF the
vv~srhtsvfIle and TennfIle railroad, that
InSre J. X. Hines offered 10 sell GER
TAR bonds for q Zee OF H.oco were the
most interesting developments Of the AT
ernoon-
Dr.rrSDoS BOUGHT BONDS
IT roId Sso.oo Of the bonds 10 Mr.. NC
tendon 10 two transactions. SAID uae
,-straSs Later the witness qualified his
statement TO mean that the oonos mao
hen sold through Mr. Mcbenoon-
Mr.. McLendon sad something 70 'hs
IT object 10 Mr.. McLendon prompting
she witness" said one Of the committee
NJ BRYAN offering no objection, ne
cot a letter from Mr. McLendon later
asking for copy or the mortgage- a
T-tanS wanted to know whether he could
huv 1900 OF these bonds. Mr.. McLen-
don aid Then Mr. McLendon wrote
that his friend was pleased with the
mortgage and would take xzS.OS OF .he
honds. Later Mr.. Bryan wrote Nc
T@ndon that he accepted Mr.. Patterson
ofrer for 3 bonds at par. H.ooo each. and
added;
Il hone YOU didn't handle the bonds
without profit. They are worth more
than par
This was the first transactiOn-on May
Is. 1soS.
PAID NO COMMISSION.
Mr.. Bryan said he paid Mr.. McLendon
no commission on the sale Of the bonds
The second transaction was on July .
Asked BY Mr.. McLendon II Commits
sioners stephens and Hillyer didn't APP
prove Of this transaction. Mr.. Bryan re-
ulied that he heard no word against It
President Carithers, of the same COM
many. substantiated Mr.. Bryan's testi-
nony, and he was asked by Mr. Nc
Iendon II he did't say that he would
handle these bonds to drown the cry
that capital was being driven out Of the
state. Mr.. Carithers said he did
Nothing, however. was said about help
Governor Smith.
Mr. Wright asked IL these bonds were
sold above par, the company would OBJ
ject He said not He didn't know who
now held them He heard Morton Plant.
OF New York. held them Mr.. Bryan, be-
ing recalled. answering Mr.. Wright again,
said no complaint would nave been made
II the bonds had been sold above par.
OTHER RAILROAD BONDS
President Daley, Of the Wrightsville
and Tennille railroad. produced several
letters from Mr.. McLendon. offering 70
find buyers for the 10000 bond issue OF
the road. No sale was made here, how
ever. Mr.. McLendon spoke Of a thirty
day option at 81 Ia.
Mr.. Daley said that the special attorney
OF the railroad commission asked him II
he would pay q commission to sell the
bonds.
Mr. DALEY TESTIFIES.
He asked me II / would be willing to
Pay him commission for placing them. -
said Mr.. Daley. Il told him 1 hadn't
the authority an dhe suggested that for
q commission Of 1900 he could place
bonds"
Where did Judge Hines make you this
propositon?" he was asked
IN the court room at Dublin"
Mr.. Hi resumed the stand, and 8
long Interrogation on port rates by Mr.
McLendon followed.
The committee adjourned at Sis O'Clock