The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-06-07

IA r,p,r, COS, 49,, ,r "'o"" ~ t"e
aTv is iaii a and 1880 Company reoiu
YORK; C,on,r,i o.. ,'uo' sfu u! the NC"
.srhis 'sans tor payment. -,
pu,ianS, pa,,, tne purchase OF inc
-, ~. =. - ai s'o.N uocs Hot appear
40 -, ~, US vi .he new raven, but IN
~. .ao,.' s''s ,".s'c'o', there appears III
sn e ,ecoru that they disbursed s2'5OO'OOO
~ '"s me- y. the Navigation company
~, 49, vi tue whoie tnihg was tha'
,oyy go Dou ~ ,n's STOCK with check foi
'io''v.- 90 auueu 10 the purchase pr ce o.
' s,houitins 10 sE'o"V'VVo; buI
'ne entry showed that II was disbursei
.or note OF the navigation company,
WINE " was gwen Tor the STOCK OF the
"uuaho i'ailroad company
IN tnat respect. are the records false p
res repheu MT Brown
me tnru example OF aiIeged falslhca-
s,uh oI p"oks Oh ,he New raven given by
''r. b'oWh was IN regard TO the Billard
.iansac,'oh. onuer the terms OF -FOUR
Soihe,eu cohtfact, ahons j. Il. Blllard, the
SeW raven the second National Bank of
Ne" ,, raven anu the navisition company,
VT blaiu oousht lVs'sfe shares OF Bos-
ton ahu Maine STOCK ana cleared up a
prom, according to his own testimony, OF
MI bhIaru was 10 return TO the naviBa-
celyed on the stock and was 10 re,aIn ths
interest on securities given to him ~ tho
New England Investment and Stpnfit los
Company N part payment of his stock,
Mr. Brown said that tho r,c,rd shous
tnat Mr.. Billiard returned the dividend.
but that the navigation company entered
II upon It's books not as a dividend on
Boston and Maine stock but as the interest
on the Investment and securities company
notes held ay Mr.. Billiard.
III there had been an attempt TO con-
ceal the fact that the New Haven was re-
celving div .dends on this Boston and
Maine stock, could the matter have been
covered up In the manner described? ?" Mr..
FOLK asked Mr. Brown.
Absolutely So said Mr.. Brown.
Mr.. Brown also described a transaction
that took place between the New Haven
Railroad Company and the New England
Navigation Company and the New Eng
land steamship Company. two subsidiaries
OF the New Haven. In this trassaction. in
connection with the sale of certain bonds
TO the steamship company, the New Haven
zen, sS.oO0'ooo to the steamship company
ana 'he money Kept changing hands be-
tween the navigation company and the
steamship company, according to Mr..
brown on the same day, and was returned
u 'he new maven
BOOK Nniues Increased.
Mr. Brown said that as A result of this
transaction. which Was vsrv corni,1
IN n
the two subsidiary companles was IarcsIy
Increased
At this Iuncture Mr.. Hin.s of m. Naw
Haven asked Mr.. Brown a series Of cues
tons tending to deye on the yaIue ~ m.
present assets OF the New Haven Railroad
COMPANY. Mr. Hines s,id Tho ohioc, ~
his question was 10 Obtain inform,,tnn
that would ena,b,e his rornn,,v 90 -
serve the property under The agreement
lice and the railroad. He said ,ba, nm.
uer the agreement the railroad had five
y 70 uIspose OF 's subsidiaries and
'orser u tne courts wonld permit II.
M f,nes asked ME brown In the case
,"e "oites'er' nashua ana Rochester
80 a1.'oh wnlch uld NOT appear on
T., ooone VI sle NaNisat'oh company, II
u nau any erect on the assets OF that
'' ~, a
an ;. Wv ~, .ni'is = aHec,ed the assets al
AT sald MI Brown. 1T was a ques-
49, an .nconp.e'e record thdt did not
-, S,'s .'"'eac''or III Whlcn the NaNi-
80" onpa.s was involved.
II pio"n Sa'u 'hat tne similar trans
ao,'o' as 70 ths Nu''dnu haliroad Com
pa"s s.oIh u'u not aiiSct the assets OF
~ .rt lsa.io" SonpahS.
rus 10 not rene't the transac-
Su' peeiouu theih' sald MT. Brown,
w. I'm, nm ,,-
,,orn,u 1ne Procevuihgs opened this
Wa.n,,i,. ,,',in miller son OF George
Wac ~ MIier' asked commissioner