New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-10-20
CHASE ON STAND
IN N. H. INQUIRY
"Pinch Hitter" Tells OF
Deal to Get Morse
Steamer Lines.
PASSENGER BOATS
CUT INTO BUSINESS
Boats Yale and Harvard Re-
moved from the Atlantic
Under Mellen Regime.

w.~-o, u. Chase. a Hartford, Conn.,
,.,'.,,ar who has been described as the
nirch hitter" for Edward ID. hoOpiHs'
formerly general counsel OF me ~"
usyep in the organization OF over
night corporations, yesterday was a
,,,;tress before the United States Graho
Tnrv which is investigating the ways
"a means by which the system eN-
nsnaed under the Mellen regime MS
evidence dealt in the main with the Ae,
.ni.;tion of c. W. Morse's Souna
steamship lines.
Chase's star performance 50 aa
,,,hIic inouiries have demonstrates
was in connection with the MetroPo!i-
+aD Steamship Company ahair' IN
which he discovered Grover CIeVeiahu
Richards, the boy treasurer OF ron
land Me. who for IS a day ana eN,
lenses came to New York, received
n,iIl;ons from mysterious gentlemen IN
hanking Offices, signed checks TOT rs
r,rrh 70 persons whom he had never
bssrd of and. as testified 20 by MIN
self. chad some time. believe me- r
The ACQUISITION of the property Of
The METROPOLITAN Steamship company
which Charles w. Morse acquired from
Henry Nj. Whitney and others OF Bos-
ton. only 20 lose il after ms tfouoies
in 1907. constitutes one OF the series
of acts by which it is asserted oy the
government. the New Haven set up a
monopoly Of Sound transportation 10
do this several corporations were or
ganized in Maine and New jersey, IN
Guiding the famous Chilmark C9m-
pany. several Metropolitan steamship
companies, a Pacific Company ana
Pacific Navigation Company, me Ias'
two TO take over the Yale ana the mar
ward, the finest steamers ever useu III
coast traffic, and remove them from
service in Atlantic waters.
They are now in use on the racine
Coast. and to obtain their return i
one Of the objects Of the suit Charles
w. Morse now has pending IN Ne" 'e'-
sey courts. -,:...
Steamship Line il was distinct ana
aFective connection Of the New Ha-
ven's water lines. lie took II as
freight line between New York and
Roston with valuable terminals, espe-
cially in Boston. The Yale and the
Harvard. oil driven turbines costing
81 500 900, running direct from TINS port
10 BOSTON, cut as heavily as their pas
xenger capacity would permit into the
business of the Fall River Line, most
profitable traffic.
When Morse failed the assets OF the
company were taken over by the AS
sets Realization Corporation, which IN
turn passed them to the metropolitan
steamship Company OF New Jersey.
Other companies were then formed TO
cover up the transaction so that 1t
would be practically impossible TO
trace it, among them the New England
Securities Company, the incorporators
of which were told one day, after they
had returned 10 their desks from lunch,
that they had formed the company and
elected themselves officers.
At the conclusion of the deals, the
property of the Metropolitan Company
that Morse controlled was scattered
from one coast TO the other and in the
hands Of many people, with the New
Haven holding the profitable freight
business and free from competition in
the rich summer passenger traffic, by
the removal of the Yale and the Har-
ward to the west coast
Charles S. Mellen is expected 10 re-
turn to the witness stand this after
noon.