Evening journal., 1911-10-25


said that would be a hard question
TO answer, but he would estimate it
TO be about $1500,000 TO $2,000.000
The increase in gross revenue he
stated, was about 10 per cent The
I increase in the net returns was not
available, but II will be produced
later He was asked what proportion
of the stock was owned locally, and
he replied that he thought about one
half. He gave the names Of the di-
rectors.
In reply 20 the question II he knew
President Wallace of the New Castle
road, Mr.. Crosby replied in the afflr-
native and said that while negotia-
tions had been carried on concerning
the use of their tracks In this city,
nothing definite had been done. He
admitted having talked to e. Clar-
ence Jones concerning the purchase
of the New Castle railway, and to Mr..
Wallace.
Mr.. Jones, he said, had intimated to
him that he would like to enter the
lighting field here.
Mr.. Crosby was then asked con-
cerning a story which appeared In
the newspapers Of yesterdays is
sue relative to negotiations for the
sale OF the local company to Jones
and Company. and he replied that he
did not desire to talk OF that, but
added that Henry P. Scott would.
Mr.. Scott's Statement.
Henry p. Scott was next called and
in opening he asked Mr.. Underhlll If
Mr.. Jones stood for the article which
appeared I'm The Morning News, and
Mr.. Underhill replied in the affirma-
tive. Mr.. Scott said: II have known
Jones for a number of years, and I
asked him for an appointment. When
| met him, I told him that / repre-
sented no one but myself and wanted
to discuss the Wilmington and Phila-
delphia Traction Company. Jones
replied, Wilmington and Philadelphia
Traction Company; what is that just
as If he did not know. I then spoke
Of the electric light proposition, and
he said he wanted notning to do with
Delaware: that he had Jared badly
in the courts here. He stated that he
had placed money in the New Castle
line and he was going to hold it until
someone bought It. / asked how much
he wanted for IL. and he replied,
100000 this minute I then left,
saying that It was too high.
Personally, think the Wilmington
and Philadelphia Traction Company
should own the line. At a board meet
ing some time ago Mr.. Wallace asked
II we would carry the passengers from
the terminal for two cents. We carry
passengers for one fare and give
transfers. and they receive three
fares. This consider ridiculous. I
say on oath / never offered Jones a
share nor any money"
Mr.. Wallace was recalled and he
was asked Did you tell the Board
that you would make efforts TO take
over the lower end OF the line IL you
got the franchise to enter by the way
OF the causeway?" and he replied in
the affirmative, stating in reply to a
question that he did not believe that
Mr.. Jones had said what Mr.. Scott
had said he said about not putting
money in Delaware.
Il know the action takon BY the
board Of directors" he containued
, He was asked If he was resent al
! the conference between Mr.. Jones
: and Mr.. Scott. and he replied mo
but know Mr.. Jones'"
Mr.. Wallace stated that the lowel
end Of the New Castle line, in hii
opinion, was never worth as Junk ovei
$4,000. He told of going to Mr.
Crosby when he received his franchise
and telling him that his termina
would be at Front and Market streets
He said Mr.. Crosby replied that i
would be useless for the lines tC
parallel each other and that he woulC
go over his (Wallace's) head? "Anc
he did" said Mr.. Wallace. He also
said that he called on Mr.. Crosby on
the fifth of this month to confer with
him on the trolley question, and that
! Mr.. Crosby accused him Of being m
the Public Utilities Company. "And
then when ] left, he wrote a letter tC
me, confirming what purported TO be
my conversation regarding the light
question" he continued.
Mr.. Wallace then described al
| length what his company was receiv.
ing for carrying passengers per mile
and compared that with what the Will.
mington and Philadelphia Traction
Company receives.
Mr.. Crosby informed the directors
lndJ MS company was Wiling 10 allow
the department 10 arrange for the
carrying of passengers from tn,
terminal to Fourth and Markei
streets.
Mr.. Marvel then asked Mr.. Crosby II
It was true that the letters favorinf
the franchise of the new company
had been signed by shareholders o
the traction company. and Mr. Crosby
replied that one letter, 10 his knowi
edge, was so signed. and he could no
! tell positively about the others unit
he looked into the subject.
Clash Over Conversation.
Mr. Crosby related further about q
conversation he had with Mr. Jone
, about negotiations for the New Castle
Railway line. MIR. Jones told him, he
said the line stood him somewher,
} about 100000 and he said he wanted
az least S225000 for It. "I'm a STOCK
Exchange man." Mr.. Crosby quote,
Continued on Page Seven)