The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1914-05-23
EY ASSOCIATED PRESS.

!
Mcllen. former president Of the New
Haven railroad testified at the inter
state commerce COmmtSSlons : inEcStj-
cation today he vas CTiminally IN
GicIcd for violation Of the Shcrmau
! tauti-tTust act in the Grand Trunk
. railroad deal fuT the acts Of the late
+ J. p Morgan. He took the indlct-
mcnt on his own shoulders believing
, It would have Killed Morgan # he had
oeen indicted.
MeIeu spoke fncius'y o. the affair.
and then told with resentment o. the
present J. l.. N0rGa0'a suggestion t.
change the presidency Of the New
Haven. He said he Told Moran how
he had suffered under an undescrN ed
indictment To protect his father.
TESTIMONY FINISHED.
Charles :. NCllcn, former president
of the New y orl, New Haven and
| Harttord railroad, concluded his testI-
n1ony before The interstate commerce
commission at II: 20 O'Clock today aft
fr fe.lr a9Sz sna Aaf Of gfaelllns g1
i fI1aFen's financial affairs.
| Folk asked Mr.. MelIen about the
purchase by the New Haven of the
Tarrytown. White Plains and Mamar4
oneck Railway.
THAT was an electric line running
through White Plains said Mr.. Nell
len. "It was sold at public auction
It brought between s9s0,00O and ST.
000, ,000
Who bid against YOU
The Third AY7eiltle reorganization
connlittee of New York
Mr.. Mellen intirnated that the pee-
pie who objected to New Hayen's pIt1'-
chase We're the political bosses
They usually are ON hand he said.
7 haven't had much experience with
them. / had my experience with them
in the WesteiIesteF transaction. That
was enough,
did the New. Haven buy control
OF the Waterbury Gas Company =
asked Mr.. Folk.
Mr. Melien testified that the New
Haven's entry into the lighting bust
ness was due To its leasire the Con-
necticut Railroad and Lighting Conn
pany- The par value of the Water
oury gas stock VAS SIS.
Mr.. Folk read letter to Mr. Mei4
en- from Mr.. NhittynoFe a director
IF the Waterbury concern in which he
said he was willing to sell 1.230 shares
It such price as il could affsFd to
pay mot less than 50''
Mr.. Folk thought this was in eff |
ect an offer to sell at SO but Mr. Mel /
en- did not think so He said Mr. |
ls'5asstnlore was paid $50 a share for
Ifs atock.
sNsfaat did you paw for the stock of |
|. r. Elton, another Of your direc-
'.That was the same. sort Of a
transaction. We paid both the same
rice. We tried to treat both fairly
think both might have made money
n their stock if they had neld it,
Mr.. Folk interrogated Mr.. Mellen
oncerning the acquisition Of the Wor-
ester Railway and Investment Com
any. He asked why William A. Read
Co, of New York got SO more a
hare than had been paid to others.
WANTED LEGISLATiON.
'sThat was hoId-up," answered
Ir NTellen, adding an intimation I
anne to me that Ii we wanted iegisia- {
on it wouid be 2 good idea TO trade
pr stock
.swas this in writfng2'' Il
These things neyer come in writ
tg, but they reach the SPOT neverthe-
sTr. Meliefa. repeati1s previous tes-
nony given a5s him Regarding the
ayment of $40 900 in commissions to {,
F. Kelly was asked By Mr.. Folk: i,
sIIave Won told US everything about !
lis transaction 3s'
well. after I go TO bed at night .
nee ! have been testifying 7 think
things that might have been broGgTt
1T and l turn over and congratuIate
yseIf that they were not
In efforts to get control OF the. Wor-
.ster Street Railroad II was neces-
try for the New Haven to have q bin
tSSeoa d In6 AIdSSdIIfu&HILE ieglSia=
ire, lTr. AIe11eus explzined. He said
Iat Sherman Wbipple "a strong, re-
lurcefui and notabfe antagonist"
as opposed TO the New Haven in the /
after. S
Finally Mr. MeIlen said. Eve got {
lr bill passed throu gla the Legislature s
the uprising Of the BODY polite IN t
Ir favor" c
sDid the prayers frosa xiae. hills Of y
e Hill Town associat tor have any- [
ing to do with the enactment of that
60 i
sYes, I think so, all prs yers OF that I
nd towards the right are effacioHs@ Il
1T made no differeuee 10 eoti what T
fts was in power \
: f
scOntinued on Page Ezght.9