The Bridgeport evening farmer., 1913-04-21
Prouty Wouldn' t Let
 Mellen Testify Lest
 He Obtain Immunity.
(continued from Page One,

NOOALA4U0o 4EO1n rage aOne1
 He had found nothing, he said, that would justify the high price paid The New York, Westchester & Bos- ton road, which extends from 129th street, New York city, to White Plains, N. Ys, cost the New Haven road $33, 3,0O0,000 in principal and in terest, or about $1,500,OO0 a mile.
 Connecticut trolley lines operated by the Connecticut company, a New Haven subsidiary, were purchased at the following rates per share, accord ing to the witness:
 Fair Haven and Westvil1e, par $25, sold to the New Haven for $45; Hart ford railroad, par $100, sold for $2s5. Montville street railway, par $100; sold for $2o0; New London street railway, par $100, sold for an aver age price of $115.3; Norwich street railway, par $10o, sold for an aver age of $121; Suffield street railway, par $100, sold for $50; East Hartford & Glastonury horse railroad, par $100, sold for $285.
 The merger of the New Haven and the Boston & Maine systems was next taken up. In 1907. MT. Brown said, the New England Navigation Co.,. New Haven subsidiary, operat- ing steamship lines, agreed to buy from the American Express company 5s,000 shares of Boston & Maine stock,
 
 for each share of Boston & Maine. In the same year the Navigation com panY agreed to purchase from Lee, Higginson & Co.,, of this city, all the Boston & Maine stock 1t could acquire, paying share for share in New Ha- ven stock The result of these agree ments was that 109,948 shares of Bos- ton 6 Maine were acquired by the navigation company which sold them in June, 1908, to J. L. Billiard for $1s,-5 743,50O. Later, MT. Brown said, the New England Navigation company bought back the Boston & Maine stock from Billiard for 150 a share. The books of the company, MT. Brown said, do not show that any of this profit went back to the New Haven company.
 MT. Brown testified that on March 4, 1904, President Mel1en bought of the New Haven company s,855 shares of New Haven stock at $19o share. Two weeks later, .10,148 shares were sold to MT. Me1len, his demand notes being given in each instance. This stock was later sold to persons whose The proceeds were renitted to the credit of MT. Mel1en's special ac- count Mir MelIen received dividends on the stock in his name to the con- pany. The balance in MT. Mellen's favor, the witness, was $1O2, 900.
  sioner Prouty to various issues of New Haven stock in 1906 and Mir Brown testified that MT. Mellen, as president of the New Haven company sold to himself. president of the New England Navigation Co.,, 15,0oo shares of New Haven stock at 1ss, which he had bought from the New Haven railroad at 195 and another Il 0OO shares disposed of in the same way brought a profit of $1 8 share.
 vice-President E. G. Buckland, of the New Haven road, who appeared as counsel for the railroad, brought out from MT Brown that, in the first instance MT. MeIlen's action was au- thorized by the New Haven directors. MT Brown said that, in his inquiry, he had not asked concerning any of the other transactions but he added, | he did not intend to intimate that MT. Mellen's actions had not always been The hearing continued until late this afternoon.