Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-01-08
DELV|NG INTO DEAL
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officer and director of the company to
whom the property was transferred by
the syndicate to which you sold the prop
erty?" remarked Representative Redfield.
Mr.. Mcneil said he had no previous idea
of becoming an officer and director in the
Southern Building Corporation.
Syndicate's Nominal Profits.
The testimony developed that a profit
was made nominally in some of the syn
dictate transactions. and 100000 in stock
the witness said was divided between r.
II. Mcneil, \. f. l.. Leckie, Charles A.
Douglas, James Baker and S. w. Meeks.
Sometime afterward l withdrew from
the company, and l got $1,000 for my
$4,000 in stock" explained Mr.. Mcneil.
Did you have a bonus of common
stock
No
why were you omitted?"
II wasn't sharing anything my money
did not represent.
field had a verbal fencing bout over a
question Mr.. Redfield asked. The rep
resentatives query was: Don't you feel
and know they took advantage Of you
fair price,
I'D rather not say" said Mr.. Mcneil.
Il object" said Mr.. Douglas. THAT is
an obviously unfair question
Mr.. Redfleld replied: The witness says
he'd rather not say
I'll make him say said Mr.. Doug
las, aside.
please include in the record counsers
remark that he will make him say
whether or not he was unfairly treated
was suggested.
Mr.. Douglas made a vigorous protest
and peace was restored by striking the
matter from the stenographers' notes.
Robert II. Mcneil appeared as a wit
the history of the Southern building
project.
Sale of Church Property.
Mgr. Thomas S Lee, rector Of st.
Matthews Church. yesterday told of
the business deals carried on previous
to the sale of the church property at
18th and II streets. He said he dealt
with Alexander Mcneil. who repre-
sented Robert II. Mcneil: A. E. L.
Leckie and Charles A. Douglas
Mr.. Redfield asked the witness:
DID you understand at any time that
the parties to whom you were selling
were Mcneil, Leckie and Douglass"
Yes"
did you not know that Mr. MCNEIL
was director of the Southern Build
ing Corporations"
Yes; that was some time after the
purchase.
Did you ever know of a chain of
events something like this: Robert H.
MCNEIL, Leckie and Douglas bought
the property from you and turned it
over to representatives of the Southern
Commercial Congress, and then, in
turn, themselves formed a corporation
called the Southern Building Corpora
ton and took 1T back from the South
ern Commercial Congress?
II never heard of it," interposed Mgr.
Lee.
And then. in turn continued Mr.
Redfield, sold it to the Commercial
Fire Insurance Company. in which they
are also interested?"
II never heard of the Southern Com
mercial Fire Insurance Company-at
any rate, as to any transaction in re-
gard to it,"
Daniel Curry's Testimony.
Daniel Curry, examiner Of the insurance
department of the District of Columbia,
who with the statistician of the depart
ment made the report on the Commercial
Fire Insurance Company, was a witness
yesterday afternoon. He testified that he
had used considerable haste in making
up the report, because he had understood
one of the companies. either the CONNER
cial or the First National, was applying
for admission to the state of New York.
Mr.. Carusi asked him:
Were you not told that there is a list
published by the New York insurance de-
partment at a certain time. about the
end of the year, giving a list of those
companies in which, if some other COM
pany reinsures some part of it's risk,
credit will be given to the other COM
pany by the New York department? Was
not that the reason for the haste?"
II think it was; that or something like
that"
"As l understand" said Mr.. Easily
Smith questioning Curry. as counsel for
Sunt Ineham there was no suggestion
on the part of the superintendent of in
surance, when he gave you the order to
examine in November, that you IN any
manner depart from your regular method
of examination?
mo, sir"