The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-04-12

give evidence ierdinE "a develop whs,h-r
any Of the transac'ion- win such members
had To do with msaev~ di~bIr.ed bv insur-
aRce commands Ills examination 81 onrs
made 10 very soubSTul whether tuTth Ia.
0uiTy "O',Id properly b~ made under section
- of he insurance law
The scroun's referred IN. however. to-
| xeIhsr with the TESTIMONY of the witness
| I cunningham bath read ~ "oun-t ton With
rs, a,.couutS on -nsh hooks nj a. Tracy
Rogers aud oih hers associated with him
warrant a strong SUSPICION that -,t"h books.
ia an extent 81 least. had been u clearing
hOus. Tor nnauCtal Transact tons rOnntected
wIth irv,siition during The psrtod mentioned.
Thus iIr thirteen avcOuai- have been
examined. utns ot which appear 10 have
been Nth IhO-- no were members 81
the Isgi-laiur. NJ that time aud four
with usr~On- prom nsntlv associated with
legislative anair~ or in the same coteTte
Of pollical influence several other aC-
'ount~, particularly those OF q. Tracy
Rogers and NJ -ynd,cAie- or partnerships
Of which he Was a member. have also been
found a such books
Among the significant facts disclosed in
tho thTtesn a"' cunts lust mentioned are
The following
rHS DISCLOSURES ~ rHE Accounts
several 81 the accounts either have
their origin or heroine active near the
lose at The legislative sessions OF Isao OF
i@'l
some nj such accounts snow "reoUs
OF ASH ~ cOns'deraole amount a. aoon'
he time the Legislatures of those year.
ad ouTned
Ia some instances these credlts snow
that they resulted from eash or rhecE
payment nv q. Trscy Rogers or through q
transfer from his o. count
In two oT three Of the accounts credits
of cash. sometimes from or throuEn me
Nc"oun' NJ q TRACY ROGERS. we're ONSET
almost immediately Nv cash withdraSals
Some nj he acc cunts show purchases
and short sales. evid"ncinx the possession
nv The person interested OF made Informs
ton ~ To prospective OPERATIONS 'hronxn
martpnlahons IN wall street
In one account numerous Unexplained
en're- we're made, showing ShhoraNss
nv me ~ n" persons mentoned ~ hme
when h~ wa- \ heavy detior OF me hrm
In q considerable nunher OF accounts
appeaT'ran-1c'ion- IN stock Indicated blythe
Nord Trans. which seems 10 mean the
~tu"k nj eith her the New YORK Transportation
'on'pany or the New YORK Electric Nehi"le
Transportation company. no corporations
~ hat Time closely aH ed anu uHimateiy
merged under The name OF he former Nv
chapter a. NJ The Laws 81 1850 " became
possible Tor IN" hrrt mentioned COMPANY
greatly 10 extend 't- fran hlse W me 'I'y oI
New York COihcId"nt Win me pa-sGg e OF
this hll several OF me persons whose names
APPEAR IN these hooks ~eem To nave acquired
blocks OF 'his stock The bock- DO not
furnish complete Information as 10 snch
a"puis'tlon. bur the siEnlncance OF souie Of
the dates they being almoss co'nc'den'
with the nnal action taken by the Legislature
on he bill which ultimately became chapter
So Ia notabIe houahN no,ao'e ~ the iact
that when several oi these blocks we're SOLD
by this brokerage house IA 1901 me pr''e
reslized seems TO have been more man
double the market price OF ~nch stocks ="
that um~
There are also minor peruitsr"'e- sbOut
'hs~r accounts which sugge-' tnNe%tlRa-
,t0n. as for instance a. In several ac-
counts he absence NJ cash or margin credits