The Sentinel=record., 1914-05-21
DEAD FlNANCIER WOULD BROOK NO INTERFERENCE IN HIS
 DEALS IN NEW HAVEN.
MORGAN'S DEATH HARMFUL
President Mellen Declared Had Mir. Morgan Lived Some of the Proper ties Purchased Would Be Worth More Than at Present.

Washington, May Dominant con trol hy the late J. Pierpont Morgan not only of the officials but of the properties of the New York, New Haven and Hartford railroad was fur thcr emphasized today when former President Charles s. Mellen of the New Haven continued his testimony before the interstate commerce com mission
 Mr. Mellen admitted frankly that neither he nor directors of the New Haven had the temerity openly to op- pose MT Morgan's plans, though he saH he sometimes disagreed with him He declared, however that MT. Moreans judgment in financial trans actions was so marvellous that any body might well hesitate before run lne counter to it
 Even in the acquisition by the New tloven of the Westchester property, into which millions of dollars vanish ed, Mr. Mellen, who declared he did not approve of the purchase. insisted that had Mir Morgan lived the prop erty might have been far more yalu- able than it is today. So, too with the acquisition of the Worcester, Nashua and Rochester railroad in which Mr Morgan, Mr Mellen said, was responsible for paying $15 share more than the stock really was worth. .eAs in the Westchester transaction, however. MT Morgan, according to Mir. Mellen, would brook no interference, carrying out his rans without regard to the opinions of others interested.
 Acquisition by the New Haven Of trolley lines in Connecticut and Rhode Island occupied much attention at to- days proceedings. MT. Melen con. ceded that some of the properties had been purchased at too high a price but added that they were worth more to the New Haven at the time than to anybody else In purchasing the lines, particularly those in Connecti. cut he said, he Encountered sharp competition from other prospective purchasers and thereby the price was boosted
 Just at the close of the day if deyeL Dped that former United States Sena- tor Nelson w. Aldrich of Rhode Is. land primarily was instrumental in selling the trolley system of that state to the New Have
 Mir Mellen maintained that trolley Zines acquired by the New Haven, gen erally speaking. were valuable and while they had cost a large amount he believed the money had been well in vested.
 At the close of the day Mir Melen was perceptibly tired. His weariness seemed to be purely physical how ever His answers were prompt and direct and he apparently retained to the full his wonderful powers of mem ory and his comprehensive grasp of details about which he was questioned.
 Chief Counsel Folk indicated to- night that MT Mellen might continue as a witness for two more days or longer
 Mir. Folk produced letter from Mir. May treasurer of the New Haven. to Mir. Mellen dated August 2, 1904, in which the payment of sums amounting in all to about $140.- 000 to s. F. Kelly were mentioned. and the importance of keeping the matter confidential was dwelt upon.
 MT Kelly, it is stated here" said Mr. Folk, "was to get the Montville Street Railway company, amounting to $99,76O, and Norwich street rail way stock aggregating $41 ,6So. What was he to get all this money for?'
 "I knew at the time but cannot re- call now" said MT. Melen.
 Mr. Mellen added that Kelly was connected with bank in Boston and he assumed that the sums were commissions paid him to gather tF gether the Norwich line and other stock
 Mir. Mellen explained that the New Haven acquired three electric lines the New London, the Montville and the Norwich. all in Connecticut. For the New London $1O5 a share was paid: for the Norwich $110, and for the Montyille Sl60 a share.
 Did you pay in addition s99,76O to Kelly for his services in acquiring the stock of the Montyille liner