New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-10-10
GIVES NEW CLEW
TO $1,5OO,OOO NOTE
Former New Haven Head
Doubts Paper Is That
of Navigation Co.
BIG NOTE HELD AS
RECORD, SAYS MORSE
Hemingway Told Commerce
Commission of Mysterious
S1,5O0,OOO Deal.

Commission of Mysterious
S1,5OO,OOO Deal.
Charles s. Mellen. eX-prcsident Of
the New Haven. yesterday connected
up Ex-Governor John +. Hill. in whose
strong box was found the mysterious
Billiard Company note, as told eyclu.
sively in The Tribune yesterday, with
Samuel Hemingway. treasurer Of the
Billiard Company, whose testimony be-
fore the Interstate Commerce Commits
sion on The deals of the Billiard con-
Germ with the New Haven was remarA-
able for the things h did not remem.
her
Hemingway is one Of the defendants
in the New Haven suit Just fled TO
recover $3,OO0OOC from Billiard and
others.
Hemingway before the commission
did remember transactions involving
loan Of 81, 900 from the Farmers
Loan and Trust Company and had some
hazy recoilections Of a deal to boom
New Haven stock in which the Billiard
Company received $4,000 shares of New
Haven. worth 153. to manipulate the
market with. and wound up by retIrn-
ing 13,200 shares when the stock had
declined to 1879, the New Haven pock>
citing the loss on the transaction.
The note" said Mr.. Mcllen, was
not in my opinion a note of the New
England Navigation Company. I'll bet
90 TO il was not. think know all
the notes made by the Navigation COM
rany, unless they were making notes
behind my back. Wasn't it the New
England Securities Company"
rWhat is the New England Securities
Company?'
II don't know. | heard of il recently
Il may have been a Morse concern
They were forming these companies
every day. | always associated the
thing in ny mind with Morse
Did you ever know Hill IN any OF
these transactions
Deal with Hill Shown.
Hill figured in the testimony OF
Samuel Hemingway. think" srid Mr.
Melen. "Hemingway, If I'm not great
~ mistaken. testified that he bought
81 100000 worth Of Eastern Steamship
Corporation ponds from Ex-Governor
Hill. | don't recall the connection.
"I don't know a thing about that
note. It's a bearer note and belongs to
whoever happens to have it. If had it
I'd collect it. if II isn't the instrument
Of some concern that has gone out of
existence. If | knew where there was
a million and half I'd go after it,
I'm just like everybody else-looking
for what ! can get"
"Some," suggested a reporter. "have
been unkind enough to suggest that
you have been more successful in that
respect than most persons"
Don't you believe it," retorted the
cx-president; don't you believe it. |
haven't got it, Take what they say
I've got. divide it by 100, and then di-
vide it again, and you'll be nearer the
truth.
"But | don't know thing about this
note Look up Hemingway's testl-
mony."
Mr. Mellen's manner was that OF one
who knew more about the note than he
was telling. so far as can be learned,
there is no New England Securities
Company. There is, however, New
England Investment and Security Com
pany. which the New Haven organized
10 hold its New England tro' 'ey lines
and with whose affairs Mr.. Mcllcn was
thoroughly familiar.
Ii was this company that figured IN
the acquisition oi the Metropolitan
steamship Line New Haven inter
ests.
Nellen's intimation that the note in
the Hill strong box might be OF
Morse company is disproved by the
fact that the lawyers representing
Charles W. Morse have been in Maine
recently trying to get what the mn
estate knows about the note.
Norman l.. Bassett. counsel for ana
trustee Of the Hill estate, is authority
for the statement that the request oil
these emissaTies for information was
refused. Were it a Morse transaction
the former banker would not have 10
go to Maine TO get information as TO IT..
Charles W. Morse said at his home,
in Bayshorc. last night that he hrst
learned of the II note in June last.
|, was his information. he said. that
il had been secured by stock OF the
Eastern Securities Company, a Maine
co nora, ION. formed by +. ID. Robbins,
then general counsel for the New
Haven. as a company to hold the stock
of the Metropolitan Steamship Com
pany.
ii believe" said Morse, that the
note was given TO Governor Hill TO
show when the time came where the
81. 100000 Billiard made in New Haven
was supposed to have gone"
One person familiar with New Haven
affairs said yesterday that the note IN
question was. as Mr. Mellcn said, made
by the New England Securities Com
pany and bore the date of March g,
1911. and the signature of George A.
Mcintosh as treasurer. This company.
il developed at one Of the hearings in
the suit Of Morse TO recover the Metro
politan Steamship Company. was
Continued on page Z. column