The Bridgeport evening farmer., 1914-05-26

 isting at the time was obliged to look into it.I have testified with regard to the Worcester & Connecfi- cut Eastern before. Those Worcester & Webster, and Webster 6 Duuaey |s,roperfies were exceedingly capitahz- ed in certificates of indebtedness l do not know how they were issued, or for what they were issued- I simply found them and dealt with the sit uatfon, and when we charged thai or, we charged it off because there was no warrant for it's existing after the dis covery.
 o. Do you know what those roads consisted of Al know that those certificates that were charged off were certificates of indebtedness if l rememoer yIl sna-. ,'.-- charged off at nominal figure but how they came into existence and what they represented, was something before my time. o. Do you know why the Consoli- dated paid the price that was pald fer those certi1cates2 A The Consolidated did not pay pay the price. They were part of the assets of the worcester & Connecticut Eastern The Worcester & Connecti- cut Eastesn afterwards became the Consolidated, and they were there O. They cost the Consolidated over a million dollars. those securities did, did they not A. It is utterly impossible that they should have cost Iegitimately any such sum-
 an amount should have been paid for
 MT. Grim: He said it happened be- fore he came on the scene. He does not know.
 O. understood him to say that it was utterly impossible that they should have cost any such sum.
 Mr Grim. Yes, he stated that was his opinion of the properties, and he said the capitalization was a matter that preceded him.
 The witness: do not know any. thing about it except that that is the situation discovered
 o. Did you make any inquiry to as- certain why so large an amount was paid for those securities?
 A. I did not never look after dead horses
 O. The Rhode Island trolley system that was offered to you
 A. We bought it.
 Q. You bought it finally, but the proposition was turned down. was it z
 A. think there was an interrup- tion in the negotiation of several year.
 e. Under date of May 25, 1906, it seems from the record, you wrote to Randall Morgan of the United Gas & Improvement Company, stating you were compelled to consider negotiations closed for the Rhode Island 6 Com necticut trolleys IA. That was the break-the date of the break, I should say, in the nego- tiation-
 @. It ended, according to your mind, at that time?
 ea ziF
 o. What caused you to take up re- gotiations again; who induced you to do it?
 A. do not know whether the ad- vances came from me or came from the U. C. I.
 o. From whom
 A do not know whether the ad- vances came from myself or from the U. G. T.
 e. What individual saw you and caused you to change your mind in reference to purchasing the Rhode Isl- and trolley?
 A. do not think anybody saW me and made me change my mind think the negotiations. the subsequent negotiations resulted in g change of mind.
 @. With whom were those nego- tiations?
 A. With MT. Morgan and Mir. Do lan,. and I think. MT Lilly. and net several of the U. G. I. people.
 AIdrich In R. I. Deal.
 O. What did Senator Nelson ". All drich have to do with the deal? A. I think Senator Alcrirh called at