The Bridgeport evening farmer., 1914-05-02
Conspiracy to Defraud' Is Freely Tinted In Commis-
 sion Hearing Room
RE -ORGANIZATLON
 PACT DIES CRIB D
Reid Was to Have 1 5o0soo0 of Metropolitan Stock
 and Name Directors

Washington, May 2=The interstate commerce commfssion today continued it's efforts to discover where s2. OOO. 06o came from that was used to organic the Billiard Company, the concern whose dealings with the New Haven and Hartford Railroad have hGen developed i'm the comrnissfon'a InveBtl- gatiop of the afKairs of the railroad
 The commission is endeavoriu- t0 determine whether the money gsfth which the Billiard company was or ganized came from the New FIa.rer itself and suggestions Of a .'conspirac.f to defraud" have been freely made about the hearing room. So far little light has been thrown on the orEaniza- ton of the Billiard concern but tlss conmission expects to call John I Billiard. the chief organizer, and uuee- ton him as to the financial baelFiur which prompted the orsenization
 When the Isearings were oreflu to- day before Cpmmissioaer Charles e 1TcChord, efforts were made to arace the stock of the aBiIlard company sold by Harry V. WhippIe, president of the Merchants National Bank, of New Haven and the last treasurer of the Billiard company.
 William Butler Tyler, of Plainheld. N J.. testihed that he had purchased the 20 shares of stock from Whipple for Jenks. Gwynne & Co.,, New York stock brokers He paid Wlhipple $1 1 900 for it and the transaction was cleared through the, firm of Hall, Gar ten & Co, of New York.
 BROKER NAMES BUYER
 Arthur c. Gwynne. junior. partner of the firm for which the stock was purchased, said the transaction wa. put through on a. telegrapl1ic request from their Montreal office for a client in that city
 .sWho was the ciienb7s' MT. Gwynne was asked by Counsel Folk
 wen, MT. Gwynne responded ''l desire to say that transactions with our clients are quite confidential and I would not give the name in thas i'm stance if I had not received perulis- sion to do so. The purchaser was Preb1e Mcintosh"
 s.Did you get his permission direct ly ?v ifquired MT. Folk.
 No Through our Montreal agents We received the telegram from them yesterday"
 MT. Gwynne explained that he had no acquaintance with Mr. McAntosn, but assumed he was a client Of the Montreal office. He could rcall no other transactions with him and was quite positive that this was his only transaction with his firm in Billiard stock He did not know whether he had purchased any New Haven or New England Nav1gauon 10. aec---l- ties. He added that he had no ac- ouaintance with any officials. either of the New Haven or the Billiard Co-
 MT. Gwynne was asked to so over his books and ascertain if his Arm had bought any other stock of the New Haven, it's subsidiaries or the BillArd Company for Mcintosh
 AGREED ON DIRECTORS
 Walter F. Reid. Of Waterford, 1e., the next witness, told of conversa- tfons with former President Mellen as to the reorganization of the Metro poIitan Steamship Company
 Were you interested in this com pany2' he was asked.
 T had friends who were and. was acting for thern-'
 MT. Reid told of calling on MT. MelIen in October, 1909, to find out if Meller would continue the negotia- tions that had been started some time before. MT Reid said that Mellen told him he was to have $1,500 goo of stock of the reorganized Metropoli- tan, for which he was to pay noth ing but that Reid was to withdrag' his three fast freight steamers put on between New York and Boston to compete with the Yale and the Harv- ard.
 MT. Mellen, the witness said, also told him it was agreed Mellon should have three directors and that Reid's interests would designate four
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