The sun. [volume] (New York [N.Y.]) 1833-1916, 1914-05-07
GETS CHANCE AGAIN
TO-DAY TO TELL OF 1T
Denial That Wash Sales of
Railroad Stock Were
Engineered.
ADVANCED SHARE RATES
j,illard. 1t Is Testified. Received
All the Profits of His
Company.

WASHINGTON, May 6.--The investiga-
ion Of the financial affairs of the New
Javen railroad by the Interstate Com
I merce Commission was brought to an
abrupt halt this afternoon by Commits
sIoner McChord In order to give a wit
ness until 10 o'clock tomorrow morn
ing TO refresh his memory as to who
, furnished $4,000 900 which figured in the
transfer of the Metropolitan Steamship
Line from Maine to a New Jersey
corporation in March. 1910.
Unless the witness gives the Informal
ton tomorrow Solicitor Joseph W. Folk
probably will appear before the Grand
jury and institute proceedings.
The witness is Warren D. Chase. q
Hartford attorney, who admitted he had
formed the Metropolitan Steamship
Company of New Jersey under the d.
rection Of Edward ID. Robbins. general
4 counsel of the New Haven railroad. He
declined 10 answer questions on the
ground that the information sought was
obtained by him as an attorney and was
therefore privileged.
II developed to-day that "A youth was
used as dummy in the Metropolitan
steamship deal and that he received and
f'soursed $4,000 900 within an hour
without knowing what the money was
oeing used for. His compensation was
about $500. This witness was Grover
Cleveland Richards.
Owns stock In Newspaper.
Following up his contention thar ,be
Billiard Company was merely n d,spuise
'cr the New Haven and its officials Solicit
'or Folk drew from Samuel Hemingway
PRESIDENT OF the Second National Bank Of
New Haven, the fact that the Billiard
company has over 100000 invested IN
the stock OF certain Boston newspaper
MI Hemingway answered this question
"hen Commissioner McChord ruled that
~ must do so or stand the consequences
from the testimony of young Richards.
hemingway and Chase IL appears that the
hiliard Company in all its transactions
represented either Charles s. Mellcn. Ed
ward j. Robbins, general counsel Of the
Ne" Haven. or other officers of the rail
road
hchdrds said that he was an electrical
contractor of Portland, Me lie was
asked by Mr.. Folk If he had drawn
checks aggregdting 100000 I'm March.
1915 He said he signed these checks in
me Bank OF Manhattan. They were pre-
scented TO him by Warren d. Chase. He
''a not know whether the checks We're
ever paid
fTts' ~ al the time were Mr. Chase, Mr.
h'pbius and Mr.. Hemingway. one check
vas for sl,i50,000 and the other for
iL5SoUod.
ID sou take the checks to the re-
'"irirg tell,r's Window"
III did,' replied the witness, Il did
got 10 alone"
Millionaire for q Minute.
YOU were millionaire, then, for
"ln'"'' said Mr.. Folk
|",' replied the young man. laughing
800 "'''" '4ifhA lH'Nf 'tltfhs were
'S'' ''" the purchase Of the Metropolitan
'''''-hp Company OF New Jersey or its
stock ~"
"Nc"
f'nra- said that he came To New
ct the request Of Mr.. Chase. wnom
' .fd met In Portland and that he had
" stock Of TIN company in hls hands for
" '-N minutes.
l'1'g Richards added thai he got
'.''' s. a day Tor his services and ex.
$685. bout 5000 IN all. for acting as
TOR and treasurer of the Metropolitan
.N'A'p Company. SO far ar he re-
.I his services extended over a period
" '''h' two weeks. After he arrived in
'.' l"rh lac was met BY NJ. Chnso who
W." ann around VIII street and Broad
''' ana Introduced him.
"hF'' asked Nj Folk
rs matter of polltoncss" said Rich
.-
100 any cash pass through your hands
a. ''surer:"
innk about $500. but this was/for
'a,-4s,s."