The Bridgeport evening farmer., 1914-06-03


 Road Paid Newspapers.
 2. S Elton, a director of the New Haven road, was the first witness ralIed today when inquiry into the nysternAs financial affairs was resl1En- ed before the interstate commerce con1mission-
 = Chief Counsel Joseph ". Folk, be- fore beginning the examination or the witnesses, presented several telegrtaxrAs bearfns- on the New Ravens disburse- 1nent of money to newspapers and other publications Among thems he said, were many payments mandfestly for legitimate advertising Most or 4he payments referred to were already of record In all, he added, several hundred publications were paid Among them he named the Boston Herz1d and the Boston American EffUrts to secure the attendance ok T w. Atwa4er, of Boston and a man mamed Boyle, who had sent some Of 4hs tezegrams. 1t was said. were ull- productive
 william Skinner. another director. mnd Lawrence Minot, a member Of the board during part of the time Charles g. MeIlen was president also were ready to testify.
 MT. Elton said he was present at ahe meeting at which Messrs- Morgan, RockefelIer and Miller were appoint ed a. committee in the New York; rHegtchester 6 Boston transaction and also when they reported
 .-Wha4 was your opinion of their <dvoeafznE spending over $11sooO, ,0o0 for ffa road 2' asked MT. Folk
 sT would mot say that l. felt 1t was unnecessary but that it was extrava- xauce-'
 s-Wers you surprised7 ?"
 T think I was but I had absolute confidence In MessrE- Morgan Rocke- felImr and Miller
 ' s-yVsho vzas the donnfnaf1ngA figure at hhe board mee6ngS?i T think MT Mellen was-"
 'D9d not the board usually ,,accri- psce in the reconrnendations made by IT. Pserpont AGorBan7''
 Yes. I think it dId-~
 Meuen Never Opposed
 Ar- B1ton said be remembered no dehnfte instance where the wishes of MT Morgan were opposed. r
 ssAfEet Morgan left the meetings were any objections made by the dd- rectors against some of his wishes 2''
 s-Oh amongst themselves they would probably object
 --Bdd NGr- Morgan maaxa any state znsnt af value of securities acquired dor the e11, COG Oo02''
 Not that I remember.S
 MT Elton said he did not recall any Hhin< about the eight thousand shares ~ aof stock of the New Haven turned tover to Mir Rfe11en with which to sDc- tuulre 21.O00 shares of Westchestef Etock- se testified by MT. Mellen- He tsaid ns knew nothing of the transac- sfions with Police Inspector Byrneg ex- cspe as he had read the testimony of nGr 1fenen-
 The witness said he had expressed sdisapproval Of the expenditure of $2o.- iO00,0oo for taking over the Rhode Is- hand troneys. but had not voted sagainst It.
 .svaay did you not stick to your dis T don't know why didn't stick to -Dad aHr. aEe1Ien propose the acquis1- lE5on of the tro1leys7''
 T think he did-'
 Just Na4ura1 14unidttv.
 why were you afraid to make ob- 3ectfons at the n1eetings?''
 Natural tirnidity, I suppose. You bee did not pretend to be a railroad man and when. Mir Morgan or Mellen said to do thing had confidence in hhem-"
 .sYou paid s2O, ,ooo ,ooo for property h1aat admittedly was worth $8,oOO,OoO and was encumbered to the extent of about what you paid for it?'' suggest
 ~Yes.~ said MT. Elton. that's about ht-
 .-Dfd you protest aeainststhe deal ?''
 eT thought then the price was too 1aigh and think so now
 Were the other directors as tinnid fns you2" asked Commissioner Mo- lCh0rd-
 s-rVo,' said Mir Elton. and added fthat William Skinner at times express led dfsapprovaI in the presence of MT. 1Eorgan-
 Mr. Elton said he was director tnlso of the New England Navigation tCompany- Asked what he considered the difference between a meeting of one board and a meeting of the other, he replied:
 pboards- One was called the New Ha- ven meeting and the other the Navi- lration company. We just pushed from lDne to the other"
 were you confused at times and rnmble to tell which board meeting