The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-04-30
Oakleigh Thorne Says Books That
Showed Purchase of 5000. 900 Stock
Were Burned in 1912. p.
FUND Fsl,o32,OoO DISAPPEARED
President and Treasurer of Billiard Company Ad
init They Were Dummies in
Transactions.

tho contract companies books and
agreeing to take the stock provided
the moneys paid for said stock are
properly expended. and that IL what
I am endeavoring to do.
] am negotiating with the Port
Chester people and believe that will
get them down to a point that 1t will
be advantageous for us to purchase.
As you must be aware they are OPP
posing every condemnation proceed
ing that we bring. and my lawyers
advise me that II we acquire their
charter and franchises That they
would be OF great value to US
saw CITY Authorities.
I have had several interviews with
the city authorities and although
some things may have to be done
there I can assure you that will
get what want, provided l own both
franchises.
A. u IL at the present time there
are people In Fourteenth street who
are very strongly 10 favor Of west
chester and others In favor Of Port
chester, and II wOald be extremely
difficult for either VI the roads TO
get through anything because they
naturally have opposition from the
other aRd the fact IL that when any.
thing goes through both sides will
have TO be- taken care Of. hut by elm.
mating this I can greatly facilitate
the matter and reduce costs.
There undoubtedly will be some
things in the memorandum addressed
TO me that / enclose for YOU to ask
10 sign that you may wish expressed
In any other ways, but II is my un-
Outstanding OF the matter and II not
properly expressed please change II.
As 10 the percentage. taking
into consideration that | am not re-
ceivng any commission for the ser
vices that | am now performing and
that l will not receive any upon tho
securities purchased. | think that 10
per cent. Is reasonable. n | were
receiving n commission on the total
transaction | think that smaller
commission would be fair.
All want in this matter Is what
IL absolutely fair and right and II
YOU see 1T you can insert "a clause
to the effect that the percentage II
to be agreed upon between you and
l Mt not less than per cent or more
than 10 per cent However, ] think
tina. upon mature elaboration YOU
will believe that 10 per cent IL fair
Plan 20 Raise Funds.
also Insert clause in regard
20 furnishing the money with the
belief that YOU and | could work out
plan to finance this proposition
which would be much tCh, aprr than
my doing i; alone. in other words. IL
might be arranged that you could
loan me securities on which ! could
borrow abroad n: a much lower figure
than I could get IL here and | might
add that | have connections there
through which | could do IL 10 ad
vantage provided that the securities
were loaned. but that naturally the
rate that ! would have to pay upon
these securities would be high
In writing me please mark letters
Personal and there will be no oues-
ton but that they will come to nay
Office unopened Yours very truly.
OAKLsiGH THoRNE.
Mr. Folk wanted TO know who wer
meant by friends In Fourteenth street"
"Tammany Hall" replied M. Thorne.
Mr.. Thorne added that he meant tha
10Th the parties having the franchises ma
heir friends in Tsmmany Hall. He wa
asked. too. what he meant by saying
he letter that some things had 10 /
lone in order 10 get the franchises clos
questioning by solicitor Folk failed
show what these things were.
Mr.. Thorne said that something liz
!. 0oO. 900 had been spent on the Yves
chester when he started TO get control {
Il, hut that the Portchester propert
amounted only 10 right of way.
The public did not know at the tin
that the New Haven was behind the a,
luisiiion OF the Westches,er and Por
chester properties
Destroyed His Books.
"You kept a record OF your disburs
men,s. did YOU not9' asked Mr. Folk
Yes" replied the witness.
where are they
II DESTROYED them" answered the wi
ness.
when did you destroy them"
In 1917"
"who was present when your recor'
were burned"
mo one"
Mr.. Thorre said that two books We
brought from his office to his residence
New York by his clerk. Mr. Hansen.
These book. contained" he said. Il
the records ~ the transactions with {
New Haven road
Mr.. Thorne said that secrecy was mai
ohao,ar ma po-,ches,er ro,ds becau
the New lIaven at that time was II
popular. lie said he had never had a
,.nI, go, .,,.r cnnror ,v,,h I pie-no
,,o p'u 80" o.. $500 A. Tni,
~, ""', ,,, - ,tI va -
va u.,',,
, ,r, WV" wi N.,,.,, ns .., , a,"
W. ~ ,,,a 80 ..,,,,,.. ~,
oi suu,'%','' n, ,, ~, ''' 'N''''"" o'