New-York tribune., 1914-05-29
Interstate Commerce Com
mission to Delve Into g.,
H. & D. Purchase.
M'REYNOLDS ASKED
ABOUT N. Y. c. INQUIRY
Senator Norris Introduces Res0lu.
tion-Folk Seeking the
Truth Only.
fFrorn The Trlhun. Rureau.

Washington. May 2s-The Interstate
Commerce Commission will begin its in
vcstigation OF the Baltimore & Ohio. the
Pere Marquette and the Cincinnati. Ham
ilton & Dayton railroads tomorrow. The
inquiry will be directed by Louis d. Bran
deis. special counsel OF the commission.
Among the witnesses will he President
Willard of the Baltimore g. Ohio Rail-
road which acquired the Cincinnati,
Hamilton & Dayton in 1909
Representative n. Robert Fowler. OF
Illinois, laid before the commission re-
Gently letter dealing with alleged fnan-
cial transactions involved in the pur-
chase. Mr.. Fowler said he thought 1t
would be disclosed on investigation that
the Baltimore & Ohio had been required
10 bear big burden OF 'financierins" in
which the firm of J. Pierpont Morgan &
Co. was intimately involved.
Senator Norris introduced a resolution
in the Senate to-day calling on the At
torney General 10 say whether he intend
ed to institute proceedings against the
New York Central system for violation
Of the antitrust law. This is looked upon
as the forerunner OF another resolution
providing for general investigation Of
that system.
Ex-Governor Joseph W. Folk. chief
counsel for the Interstate Commerce Com
mission, returned from New York, and
although declining to talk he allowed the
impression TO prevail that the examiners
now at work on the Morgan books were
on the scent OF important information.
These incidents sum up the investiga-
tion programme as formulated to-day but
the fever for inquiry into railroads and
every other kind of corporation has be-
come 70 widespread that il is almost i'm
possible TO prophesy what will happen
overnight.
Mr.. Folk Uncommunicstive.
Mr. Folk was particularly uncommuni-
cative to-day. lie said ne had received a
report from his examiners in New York,
but declined 10 tell what that report con-
tanned. One thing Mr.. Folk did make
plain to-day was that he was after the
truth in the New Havens financial af-
fairs. whether it affected Charles S. Mel
len or anybody else. He declared with
emphasis that il was the truth only that
he was seeking.
Mr.. Folk expressed himself as thor
oughly satisfied with the result OF his
visit in New York At the Office Of the
commission to-day il was pointed out
that the opening of the Morgan books 10
the public furnished a precedent which
every other firm in the neighborhood Of
Wall Street would have to follow if
called upon.
When Mr.. Folk was asked if Lewis
Cass Ledyard would be allowed TO go on
the stand and tell his story he declined
TO make any definite answer Mr. Led
yard, it is expected. will be here again
on Wednesday, when the investigation
\wi!l be continued. but whether or not he
viii be allowed to tell his story has not
Vet been determined A number of pres
INT and former directors OF the New
tIsven are under subpenas but whether
Sr not they will be asked 70 waive i'm
munity II they are called was not dis
closed by Mr.. Folk to-day. He evaded
the question adroitly when II was put 70
him.
The four examiners now in New York
ON the books OF Morgan & Co. are not
expected TO complete their task for a
week. They will look into the accounts
dealing with the New Haven road ex-
clusively
Interesting Developments Likely.
While the investigation OF the Cincin-
natl. Hamilton & Dayton and the Pere
Marquette and the Baltimore E. Ohio to-
morrow is al the request OF the Inter
state Commerce Committee OF the House