The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-05-22

hVNf ~ tltht tVINt w Nuc WOIiu 70
brains. Mr. Morgan had them.
Q. So that control by you would have
carried control to him? a. II he had
brains enough to control that situation he
had a right to 1t.
q. In the light OF subsequent events
have you not changed your views? A.
Mr.. Morgan's death Is the reason for the
change. / think that had Mr.. Morgan
lived the road would have been paying
dividends to-day.
q. Would you have extended your sys-
TEN OF monopoly throughout the United
States? A. No, I think there are natural
geographical divisions where 1t Is better
to have transportation monopolles. I do
not think the larger systems should go
together unless through Government
ownership.
Mr.. Mellen denied that there was "a
wording agreement between the New Ha-
ven railroad and tho Pennsylvania and the
New York Central.
O. From your experience ms n railroad
man what would you say as to interlock-
ing directorates? a. l think there Is a
very good reason for interloching direc-
torates. There is a good reason for these
where systems are held together by stock
ownership, but think It Is pretty bad
thing for the country and for the rail-
roads where there are different systems OF
railroads.
Q. Is II n good thing or bad thing
for a railroad to hold stock In another?
A. had except By authority Of some pub
Ito body that should Investigate and find
out and determine the public interest |
do not think any railroad should be given
too much authority. ] think II is likely
to be abused.
Solicitor Folk questioned Mr.. Mcllen
concerning n transaction wherein 1t APP
peared that John III. Mckay OF New York
had received S23.175 In connection with
leases OF New York piers against which
leases there was objection In the Board
OF Aldermen. Mr.. Melen could not make
clear just what the money was paid for.
Mr.. Folk read a letter written by Ste
phenson Taylor In 1901 In which he said
that Charles W. Morse would proceed at
once unless Mr.. Mellen took up the Joy
loan and that II would he Il very nasty
matter II IL became public.
Q. Why was It sent? A. You should
ask Mr.. Taylor. l would have been glad
II Morse had entered suit | never paid
a dollar to get rid OF Mr. Morse.
SOutrOi Oh Joy Line.
Mr. Meilen testified that the Joy Line
had been purchased by the New Haven.
but that IL was not generally known that
IL was controlled by the New Haven.
Q. Was suit brought by the Mallory
Steamship Company for $4,000? A.
There were all kinds of threats but no
suit. | was so used to threats that dc
not remember them. | think the Mallory
people claimed that S350.000 had been
bought and they claimed that wo had
received stolen money These boats were
bought through the fundamentally OF Mr.
Morse.
IF Morse stole this money did you
know IT, asked Mr.. Grim. Mellen's attor-
ney.
NO" replied Mr.. Mellcn. 81 never had
the slightest idea"
At this point Mr., Folk asked II Mr.
Miller. one OF the members OF the board
OF directors. had not east q dissenting vote
m one OF the steamship transactions Mr.
Mellen replied that 10 Mr.. Miller had II
was the second one that had been cast
oy any member OF the board during tn,
ten years he was president.
Q. During that time you had befor,
the board propositions involving many
millions OF dollars? A. Yes.
q. And many policies? \. One policy
Q. That policy was monopoly? A
bonehcent monopoly. The results tina
we hoped to accomplish were defeate,
by the Intervention of Providence, tn,
death OF Mr.. Morgan.
At one time Mr.. Mellen was thinking
Of becoming interested In the Metropoi
tan Steamship Company OF New Jersey.
81 found opposition and insisted upor
my name being withdrawn from the ar
ticles OF incorporation" said he.
Q. With whom did you confer befor'
arriving at that conclusion? \. With tive
or three directors. including Mr.. Morgan
q. What did Mr. Morgan say A. Mr.
Morgan said II had anything to do will
Charles W. Morse | would break witt
with him. I preferred to break with Mr.
'Iorse. did.
Panama Line Projected.
Mr.. Folk developed the fact that at on,
time the New Haven seemed to have pro
jected a steamship line that would go from
the Atlantic coast to the Panama Cana
and TO the Pacific coast.
"These negotiations" said Mr.. Mellen
died Adjoining because the Panama Cana
act. which was subsequently passed, pro
hibited railroad ownership in steamship
lines"
Mr.. Folk then entered into the AFFAIR
OF the Hampton Railroad, which was con
structed to be rented 10 the Boston an
Maine Railroad.
Mr.. Mellen said that the contractors es