The Bridgeport evening farmer., 1914-05-12
NE " HAVEN HOOTERS SPENT CASH TO DEFEAT
 TOLLS LAW
cContinned from Page 1.1

fzAonre R. Phippen. treasurer of the l Boston Eaai1road Holding company and treasureEss agent of the New i York, New Haven & iIartford Ra1l- road company, stationed at Boston.
 was the first witness at yesterday,s l session of the commission He said l he had been treasurer Of the Boston I Railroad Holding company since Sep tember, 1911-
 He said that the Holding company
 had not purchased any shares in the Boston & Maine railroad since he De-
 >'s..e5s son oct. 12. 1sos he explained the iITolding company paid to the New f Haven road $3,370,082 for 22 5S1 shares 1 Of the stock of the Boston Maine I railroad. 7
 He stated that since April 1, 1913. inc New Haven railroad had advanced l to the Holding company, in order to nav dividends on the stock of the
 Holding company, 1.224, ss7.9 ST
 .Did the New Haven company re- ceive any dividends during this pe- riod and for amounts all owed the I Holding company ?'' inquired MT Folk
 aOh.. yes replied MT Phippen.
 ..Ihe New Haven received dividends
 .uThen the New Haven advanced
 raoney to the Holding company to
 pay itself dividends, suggested MT
 Folk
 l sYes. if you care to put it that
 way MT Palippen replied. l MT Phippen stated that, the Hold i ing company had paid $545,S7s in div I idends. of which but S56, GOO had gone Ito outside holders in the stock or the
 ssrhen the New Haven received the I balance, did it not?' inquired MT.
 Folk.
 | He said that as treasurer's agent at l Boston for the New Haven he had a \ working capital of $5000. I He could not recall whether he had lever paid any vouchers indorsed by I Timothy E. Byrnes.
 s s.I may have done so,'' he explained. I ssbut do not recall. All T had to I look out for was to keep that working Il capital of $5 600 intact I acted un- E der Instructions from President Mel len. AS treasurer's agent of the New Haven kept no books, no accounts, no records My days work closed \ with the day and made my reports Ito A.. S. May, treasurer of the New Haven If paid out any money for any purpose whatever, I received this
 money direct from MT. May. But I
 kept no account of it.''
 Mr. Phippen stated he had pur-
 chased stock in a number of corpora tions at the request of MT. Mellen.
 q can't recall just how much
 money spent in this way he said.
 
 offices and simply deposited 1t in bank and drew on it when I made payments for the stock I purchased 2 MT Byrnes, who up to last Jan- uary was vice-president of the New York, New Haven 6 Hartford Rail- road Company, was the next witness before the commission. What were your duties?" inquired MT. Folk.
 'T was in charge of the company affairs in a, general way in Boston, z Irep1ied Byrnes. ttI was in charge o1 legislative matters whenever necessary I did 9 little bit of everything. was f in charge of the publicity work fol M the New Haven and endeavored te J mould public opinion as best I knew ihow."
 MT Byrnes said he always re
 ported directly to President Mel1en and had indorsed vouchers aggregat
 ling many thousands of dollars
 "A1 my expenditures were author st tiezd by Mir Mellen in advance,'' h, said.
 He testified that he had a larg, ! number of subordinates working un der him in various capacities. What did you do with the $400. .O0 : -lyou spent in this way for which W, | l hold your vouchers ?'' inquired MT ! Folk.
 q don't remember,'' replied MT
 Byrnes. "I handled a great deal O : lmoney and kept no record of m. [ expenditures. They. were all ap g Iproved by President A1ellen.''
 MT. Byrnes identified his signatur
 to large number of vouchers passed c to him by MT. Folk. These include, : -tpayments ranging from s25 a, week t
 s10.000 year to publicity men, news