The sun. [volume] (New York [N.Y.]) 1833-1916, 1910-09-15

and legan an inquiry into the deal IN
volvIng JD shares Of Transportation
Tn" witness had received that amount
of m" stock from Ellingwood A Gun
ningham when the stock was selling for
81 share Witness then had a contract
Ia ~-ll u AZ ss a share. Mr.. BruC" said
that he would lIk" IN" witness. m hrs
own wav. tn give RI. HISTORY Of that in
tsre-ting transaction Senator Good
sell then told his story
IN Nav 1871 h. had met m the Fifth
Avenue Hotel George p Graham. known
a. tddl. Graham. who was then the
Albany correspondent for tho Associated
Press and who died about n year ago
he came To me saId Mr. Goodsell
and asked me- u I had any TranSpor-
taton told hum | had 1 yD shares
~" -aid he wanted Ia buy considerable
and promised 10 find out about u. and
N occurred 10 mo that ElliuRwood 4
Cunningham might have some u" aid
that he represented som" reopl" who
wanted To -aCur" some transportation
| DID not ask him VII" they were W."
said perhaps som" ~ NV friends up stat"
might 10 willing 10 sell ~ won't out
and found that Mr. IRggart William
q TaEEar' County Clerk Of Orang"
county had So shares and Mr.. Tnmp-
k,ns Then a Legislative" Commits" clerk
aft"rWard postmaster 81 MIddl"townl had
20 shares Mr Tompkins would not
would -..ll his for n
i vent To- Mr. Cunning CHAM and h.
mad. ortt A list That was Mr. IaRgart
so ~harv Mr. nixon So. Mr. Bcd"ll. So.
Nr BaSHar ,Cl"rk - the Assembly,. aUp
James I Rogers In. lothian Y Aids
iOO Nr Cunn lngham -ald that u would
~. . far price. - went and told Mr
Graham and he Sald n" didn want 10
buy IN the open market hecaus" u would
send tho price up.
I said I will s~ll min" a. -. and he
said 4 don't see whv you should take
less for 10 than they do He went out and
came bark with an agreement drawn M
that he would purchase those .0Hn shares
anv time before the is' ~ November az IL
and IN" article was signed. I went down
there and brought the stock
Mr. Goodseli did NOT know who Mr.
GrahAm represented Graham only had
-Igned ~ behalf ~ IN. purchaser He
had sem Graham a. intervals. but
Graham had not PAID for IN" stock until
October Then Graham had sent 10
IN. witness a check fDr 81 Os-'. and the
witness had Distributed that amount
To- IN" holders II IN" shares proportion
a'ely
Mr. Bruce rad INTO IN" record m" fact
thai when Mr. Graham agreed 10 buv
a. IL the stock was being freely uaer'd
IN the open market AZ and thai IA June
following the agreement the stock was
offered freely m the market al T. and
was selling NJ about when Graham
on ',.haf II the principals paid ~ foru
Assistant Counsel kra~al then produced
the FlinRwOOd \ Cunningham letter
book from which ~ appeared that tho
stock brokers had SINE diffiCultv about
getting PAID for tho TRANSPORTATION stock
On September - the brokers wrote
IT certainly ~ unfair Tor Won 90 have
this hang frr IN ihsS wav and after
about SIX months waiting W. Fhnk YOU
ar. "niitled ~ d"maud that they make
-s'itlrnrnt at ono"
The witness p"rzisted that be did not
know Whn they were He mad only
known Graham IN the TRANSACTION ~
Mr. kr'-Sal produced another i.tt"r 10
which the brokers wrot"
HuJ~' they wont hang Won up for any
longer than ten days mpr'
The witness insisted that h" did NOT
know the days r-terrs1 10 H. did
not even know that hts hank account
Wpuld furnish any "vId"nC" satisfying
NJ Bruc@'- k.-n interest a. - vino drew
IN. check Tor the t2s .isS, divided among
legislator and legiSiattN" attach--. nor
upon what hank u was drawn.
LDOKgD LINE gooD BARGAIN.
In rp-pon=.. tn MIR BrIcn'- question n
he did not think that b.. had an excellent
bargain getting t2s.D0 for stock which
could h, bought IN III" market for 81 80
The witness replied
4 thought at the time had. But did