New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-28

willing 60 extend every facility TO Mr..
Folk and his assistants they would not
Kermit him or anybody else TO browse
at will through their books.
This conference lasted for some time
and at its conclusion Mr.. Stetson went
downtown TO confer with his clients
and Mr.. Folk announced to the re-
porters that unless he was allowed his
vav tho examination would not pro-
coed.
Says Firm Consented.
of the reply IL favorable" he said'
"and permits the special examiners 10
be Judges OF just what papers ana
books they should have access To. the
examination will proceed Mt once IL
they begin the work and permission is
then refused them to examine papers
they think pertinent they will at once
withdraw"
Later in the afternoon Mr.. Folk SAID
that he had received word from MI
Stetson over the telephone that the
llTlll Idu u''hNN " NN'''F-'
request Of the Investigators.
THE firm" said he has agreed 10
permit the examiners to go through al
the books, papers and documents In It's
possession relative TO the New haven
and its subsidiaries, and it was furthe-
agreed TO throw open all the accounts
appearing on the books OF persons who
have dealt directly or indirectly In New
Haven securities or securities. of It's
subsidiary companies.
'In brief, the banking firm granted
the examiners the right TO inspect not
only all of the firms transactions with
the New Haven and its subsidiaries
but TO delve into the transactions OK
any outsiders which may have taken
place through the. firm bearing on the
New Haven situation"
who will decide what is New Haven
business?" a Tribune reporter asked.
THE investigation will be thorough"
replied the solicitor.
Skinner Corroborates Mellen.
While waiting TO near from Mr.. Stetson
as to how far he would be allowed to 90,
Mr.. Folk sent word y George i. Baker
A. Heaton Robertson William McHarS,
Lawrence Minot and William Skinner, d.
rectors of the New Haven, that he would
like to see them II they cared to discuss
the New Haven matters, which they had
previously been subpnnaed 10 testify on
IN Washington. The conference with Mr..
skinner was the only one that Mr.. Folk
would discuss.
Mr.. skinner, whom Mellen quoted az
using strange oa;hs when he learned w.
OO0, 900 had been expended upon the west
chester deal, confirmed everything Mellen
had testified to as TO his part in the trans
actions. according to Mr.. Folk. Mellen' 1t
will be remembered, said Skinner and
others went to him after board meeting
of the New Haven. and asked for light
on the Westchester matter and were re-
ferred to the late Mr.. Morgan, each re-
fusing 20 ask the banker the questions
they had asked the head Of the company.
Twenty Thousand Accounts on Books.
on the books Of the firm it is said there
are twenty thousand accounts, of which
but a very few relate directly or other
wise to New Haven affairs as such,
though there are hundreds of clients Of
the firm who have bought and sold and
who now possess New Haven and Boston
& Maine stocks. The accounts of these
individuals and institutions in no way
connected with the management Of the
New Haven will not be invaded, as Vail
Street understands 1t.
For that matter there is the best OF
authority for saying that there is moth
ing in the Morgan books not fully covered
in the statement issued by that house in
March last. showing in detail the business
II had done for New Haven.