The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1910-02-11
No Meeting Called In Alb
sence of Senator
TaEiaferrO.
BROWN PREPARING
TO PRESENT CASE
Some Opposition TO Passage Is
Expected Action Causes
Stir IN Senate.

IN the Rhsence Of Senator TaIfaferro
OF Florida, chairman Of the Committee
Cn Corporations Organized in the Dis
tric- Of Columbia, no meeting OF the
committee has been called tc consider
Senator Browns resolution relating to
affairs Of the gas company
Senator TaIiafe--o was called 10 Flor
lSa on Monday on business. and is ex-
pected 90 return % Washington on Mon
day The other members Of the com
uit-ee VIII ask him 10 call meeting
with the least possible delay 10 con
slider the Brown resolution They an
ticspzte that a meeting VIII be held the
first half OF tIse coming week
VIII Reach Decision.
~ that time decision VIII De reached
as TO the course Of the com-1Ittee. Ser
ator Brown. who introduced the reso-
Iu-ton calling on the Attorney General
for Information concerning the legality
OF the gas compEay's capitalization and
its authorization 70 increase the present
capitalization. has been digging into the
do-unentary. evidence - the comranv's
affairs. aE a6duced ~ rrevioas iuvzztI-
cations
He has also been studying the re-
ports Of the company and IS preparing
70 give an exposition O. he whole mat
ter from the Senate f1or when his
resolution is reported hack and offered
for passage
Opposition Expected
II IS expected that there wnI be some
opposition 10 the passage Of the res1Iu-
tloa which the committee v-fU report.
Understanding Is that Senator Brown
and some others on the COMMITTEES want
10 report 2 substitute resolution. whose
purpose shall be an Investigation Of the
affairs Of the company. By thi=- -n-a-
A member Of the committee said TO-
dav thar ne believed II would be possible
20 complete such an Investigation and
make a rep1Tl iu two weeks There
IS no reason for delays ne said. and
the committee could sit every day. II
necessary, and complete its work very
promptly
The action Of Senator Brown in max
ing a move TO get affairs out Of the
hands OF the District If Columbia Com
uITtse has caused q. decided stir in the
Senate Whether the District Comm frrea
VIII attempt in an organized Way 20
prevent this move is uncertain
Burkett's Attitude.
Senator Browns colleague. M Fsu-Iz-
EFT, IS a member Of the District Com
uittee. and Il is expected that he viii
stand with his colleague Some or the
members OF the District Committee are
reported entirely willing to allow the
gas matter 10 hH turned over for the
purpose o. Investigation 10 the Com
Inlr-ee on Corporations Organized 7u the
District
some OF the stockholders I'm the rzs
company have expressed fear that am
INVESTIGATION might cause delays and
interfere El-E the plans for g. special
meeting Of the stockholders The com
l1E spring with the view 20 arranging
a special distribution Of capital The
Stockholders are in fact themselves uu-
certal0 about the ceSl-ao-lltE o. sup
porting the Investigation move
Some o. them feel that nothing short
+ OF a rlC-0Ugl lUveSri cation can bring
the COMPANY These are disposed To
favor IT, on the ground that the mat
teTs thus developed would strengthen
-Ee hands Of the auti-NcTseau forces
( in their next fight for control or the
company Others fear that too much
T Hight would be unfortunate because ir
I might lead Congress 10 take steps -
reduce the price OF gas and II posst-
I hle, % prevent any capitalization
Book Surplus"
+ Il IS the understanding OF the stock
+ holders who are outside the present
+ management, that the COmpaHy-s sur
plus is mainly a book surplus" that
. is, that II is represented BY extensions
i Of the physical property, and rise IN
I the value OF real estate and that
4 therefore, Il could be distributed only
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