Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-06-04

lily. 1 believe. own about 10000 shares
| of New Haven stock?"
| Yes about that
| Then you must be one of the largest
losers through the reductions in
| II have personally lost $4,000 in one
year that way"
| Have you ever had any business deal
ings with the New Haven or its subsidi-
aries by which you have made any
| money!
| Il never had any dealings by which 1
made dollar. l never tried to make
anything that way.
| Did Mr.. Morgan, at the directors
meeting. show any desire to dominate or
dictate?
Mot that 1 recall He was away in
! Europe much of the time and could not
attend meetings regularly
, Following Mr.. SINNERS testimony. Mr..
L.edyard was called, but was not sworn
He said he desired to contradict certain
statements made by Mr.. Mellen in his
testimony.
I'm the spring of 1907 had been di-
rector of the Boston and Baine for some
time. but had had no relations with the
New Haven. On the Boston and Maine
board I represented the largest holders
of stock. the American Express Com
pany.
New Haven Wanted Stock.
Gardner Lane of Boston asked me one
day If the express company would sell
its stock. l asked him why. and he told
me Mr.. Mellen wanted it for the New
Haven. After consulting with officials
of the express company l told Mr.. Lane
we would be willing to sell.
I'm the course of negotiations with Mr..
Mellen the terms were fixed. Mr.. Mellen
had offered one share of New Haven for
one share of Boston and Maine. We
asked that the same terms be made with
other stockholders, and Mr.. Mellen agreed.
II tried to get for the American Ex
press Company the business OF the New
Haven. but it was never condition of
the sale of the Boston and Maine stock
Adams Express Company. then had the
business of the New Haven. l saw Mr.
Mellen abou this matter in New York
Mr. Mellen has testified that what l was
after was to get an extension of the con-
tract between the American Express Com
pany and the Boston and Maine before
the New Haven got control of the Boston
and Maine
There is not word of truth lin that
statement. The substantial part of Mr.
Mellen's testimony on this point was
wholly untrue. although later he qualified
his statement to some extent.
Some time afterward. when I had
become a director of the New Haven.
MT. NelleQ sent 1Or me one Gay anu
said he wanted to take the roads ex-
press business away from the Adams
Company. and asked if the American
Express Company would take the bust
ness. I told him it would not, because
I was at that time a director of the
New Haven. and the Adams Company
was competitor of the American.
II said to him: DO you think I
would let you turn the Adams Com
pany off and have people say that this
was due to my using my influence. as
a director?"
with Mr. Ledyard still on the stand.
recess was taken.
Could Have Kept Job.
Mr.. Skinner began his testimony yes
terday. He said It was his belief that
IF things had been allowed to go on
not been subjected to inimical inquiries
and legislation the property would have
pulled out all right, perhaps in five
years. He asserted that Mr.. Mellen
could have retained the presidency of
the road had he so desired. as he had
majority of the directors with him.
James S. Elton. another director, be-
fore concluding his testimony yesterday
afternoon, said that the directors Of the
New Haven now have changed their
methods and are not influenced so much
by one or two men, like ]. Pierpont Nor
gan and Mr. Mellen, as they formerly
were He said the directors now di-
rect" and had learned a great many
things" He added that President Elliott
was more deliberate than Mr.. Mellen
and did not rush them off their feet