The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1910-04-14
General Counsel Colds
borough Says Fair Treat
ment Is Asked.
EXPERT HUMPHREYS
ONE OF WITNESSES
Increase In Value of Stocks Held
Not 10 Be IN
usual.

The hearing before the Committee on
District Of Columbia OF the House OF
Representative N the Coudrey bill in
relation 10 as companies in the Dis
uIcI was continued last night Mr.
GCIdsbOrouEh, general counsel of the
Washington GasIsht Company was
before the committee The testimony
follows.
Alr. Cary-Now. I would like 10 ask
you a few questions You say the
electric light company IS capitalized Tor
twice as mach as the gas company
Mr. GOidSborOugl-1c Ss slT-
Nj CaTy-Hoy much water DO YOU
figure in that Capitalization
Sir. Colds borough DO not know any
thing about that I never had any pro-
prleJ1ry interest IN IT, and ! could not
answer that question al all
2lr. Cary--Nh2t does your gas com
pany think lis franchise IS wOrJI2
Ar CiOldsborOuEh-I think its fran
Chiss mas been valued at S5.1t-1,u---
AlA CaTy-Eou issued stOca 90 that
eNLeuL-Jo the limit OF the franchise
AR GolIsborouSh-No sir, we have
Nj Cary-How much stock have YOU
issued
sir GoIdslorouEh-None on The cost
OF the franchise not a dollar
2iI- t7TF-DO VOC lSule your iran
cLlSe the same a. your coke and by
products. and tan. and everything else .
Dir. GOldsbOrUUEh-Nc- sir
Nir- Cary-It Is al figured On the
Nir G0Idsborou-Il-No. sir. This state
nlent thai. we have submitted to you for
The physical valuation OF The properties
Tuns I'D to between nine and ten million
dollars But 7 DO say this thar IL
j. undoubtedly the law OF the land that
the ccmnany Is entitled 10 make earn
1nES on tho value OF its franchise
n ID raa- d
though
AIr. GoIdsborouEh-I do not believe
any company is entitled to issue watered
Nr. CaT1--In regard 10 YOUR stor7rh0l6-
ers- do YOU make each stockholders
H-Ile known in that resort that YOU
AR GolGsborou-h-We endeavor IN do
50 @ouesLIv
Ny Cary DO YOU mean TO tell rs. 20
tel Us COMMITTEES, that you have not a
dummy on that Iist9
SIT GnldShnrpuEI-Not one
III. AZ an on Know now you are
1al-iFE 70 Intelligent uen2
NJ. Nj 5oldsborouEh-Ees5 highly in-eui-
Air Carat least we chfak We ars.
laughter
a. a. GEoldsborouea-I know you are.
4tr- t2TE-l'O you mean 7-or nave ---r
one dummy on that list cr efr-I[f-~r,7e.----s
Makeup Of Stock List.
Nj Goldsborovgh-raat list is made
out IN this way Every three months
.l'e DOCKS are closed when a dividend
Is To- DO paid I- so Ea-rerz fs-z- 81,
The Isl Of FEBRUARY a r--4lsr 5f-flr-.+
IS due Therefore, on the 18th dav Of
January we make lid q STOCK 3=e- s.-
The books are closed on that list when
me report y made from the stool. book
81 course . man might own 100 shares
OF STOCK ana not have Il recorded FL.
could 60 and set the dividend from ff..
man ~ whose name the stock stands
re might have loan upon it. He NAV
-eF '- jig poI-ecatec with some bank
ct Lt~t celnHaUy- which would sfTp--
lale lfdt the -lJle TO that stock should
te I1 tle roUuan-- have = TT---s--
1a-r knowledge OF the affairs Of n .
conn any and / can trr1t1fuTfz- saw rf77-
q. NOT snow OF any dummies on the
AIr- rarv-You do not know OF a4v
tHhSFe S~sneH or Senators owning srorl-
m the gas COMPANY
Al fSOlGSbCrou-I-No- T do not L--.v-
one a9a D am free to say that 7 DO
Hpi peilHTe there Is any member Of Con
GLe~s or any Senator wine, owns a share
81 STOCK, directly or indirectly, in the
Mr Ailen-who is the principal
Mr Goldshoroasb-A lady by TIE
name rL Preston Iu The city OF New
orh- She "v PISS f.H13 shares. she w.
granddaughter Of "a celebrated man
mere General Pac-fcus Ord The Letter
LN .-- N..aleS- me WIZARDS
.eIf are quite large owners of stock 7
believe and there are number Of
C-Iei- E-ao Ds-L considers BILE amounts
] DO D0t SNOW or anybody vino has in
ulIlCuE-ly as much Stor-- AS Mrs Pres
ton There arc about T. Toe Stockholders
and the stock list shows that the aver
age IS well under leH shares, about N
OF - shares each
Nj afr-rvaTs 7Tr 1-..T can =---r--.--.-