Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1910-02-11

senator Wakelee, at his law OlHCS,
SO Church street. today said to an
EvF>-1NG STAR man:
Mr.. Remick is certainly mistaken
when he says that it was who
bought the Mutual Telephone Com
pany. of Huntington. w, Va, and
turned 1t over to the Southern Bell
Company My name is brought into
this telephone matter simply becausa
of our law firm being Wakelee. Thor
nell & Wrisat. My partner, Mr. Thor
nell, who, by the way was vice. .presi-
dent and director in the Mutual. ex-
eouted the deal, as some have pleased
TO call 1t. There was nothing secret o.
iilegar about it, and everything was
transacted IN the open. We have y
rather big law business, and my only
wish is that we had plenty more OF
just uch deals to close. It's nice.
clean law WORK, and pays well. We
are looni4e lol bushels ali the time.
and there is II aing to cover up in
tnis lransactioi esa, Ing the de,ails.
oI when am s"orghly familiar.
- ne Mutual as losing money anu
wanted TO sell Inc oouIuern 3eil
" ileo to puy. My partner was asked
If tn transaction couid De legally cat-
ritu out. ADVISED IN the ailIl ula-
1--WE. Inc board or Trade or Hunting
Ton recommended the saie. SO dlu the
mayor and Common Council, and se-
Iore the sale could be peffecled an old
.rdinance had to be kiiied and q new
ne, permitting the Sale, passed. Tdar
as done and the Mutual was bouglt
~ Mar. 1hornell, VINO turned 1t over
the Southern Beil Company, wnicA
simbursed him. The company then
vent out of business and It's stock,
lneI e1ore, was wortmess.'
"W hose money olo Mr.. Thornell use
in the transaction" asked an EVE
MING STAR man.
Mr.. Thornell was acting for another
aw nrm," replied the senator.
do you object to giving the name
of that other law firm or telling
whether they represented Mr.. Morgan
or nol?'
THAT" replied the senator quickly.
is nobody's business, and l do not cars
to tell"
The senator wanted 1t understood
hat his partners connection with tele-
,hone matters would in no way affect
his proper consideration of the investi-
cation into the telephone situation now
existing in New Jersey. and added that
he proposed to use his best efforts Ia
behalf of the people in that direction.
Senator Wakelee's familiarity with
telephone matters may be of much i'm
portance in the telephone probe which
begins Monday
Throughout the morning session OF
'he hearing yesterday frequent men
rion was made of the important part
played by q New Jersey senator" In
the roundabout transaction whereby
Morgan paid millions for the con-
trolling interest in half dozen inde-
pendent Western telephone comnanlss.
William II. RemiclS. of r. Day 6 Co.,
New York brokers and bond dealers,
estified to the New Jersey senate IS"
connection with the deal, as printed ia
he EVENING STAR last night. He
,ould not remember the senator's name
at the time, but declared his office
raernor andum would show 1t. AT recess
Mr.. Remicls was instructed TO find the
senator's name. Returned 70 the hear
ing the banker explained that the
~ w Jersey senator" referred to was
Mr.. Wakelee. He couldn't remember
much about Mr.. Wakeiee. but for some
reason. which he did not explain, he re-
membered that the senator was Re-
publican.
Mr. Wakelee. it was testified 70 by
Mr.. Remick. was the purchaser oScon-
troll Of the Mutual Telephone Compary
OF Huntington. W. Va. a company
which was wrecked last month by the
sale of its franchise. plant and wires
10 the Southern Bell Telephone Com
pany, part of the trust system. The
investigation is being conducted by
lawyers from Ohio and Missouri two
antitrust States. They are trying 70
ascertain whether the purchase Of half
o dozen independent telephone COM
panies by ]. p Morgan & Co. was In
effect merger of such companies With
the American Telephone and telegraph
Company, which would be punishable
under the laws of Ohio or Missouri
The Investigators are bringing the
Say, Boys. How About u
Floral Valentine2 We have ,enn n the t1cen
up-to-date fashion. Phillips uros, Elcgtsfrs "a