New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-05-27
SAY MELLEN KNEW
OF $11,OO0.OOO
Continued from page !

Company stock, together with a con-
tract to cross Norris Park, at cost OF
sos 900. for the sum Of $193,5W.
therefore the total sum Of SS,599.-
39s 90 represents the purchase price OF
all OF the above securities.
I'VE have already received and paid
for a large number OF the securities and
have received from You S4,O5O.OOO. we
have agreed 10 take the balance OF the
securities and pay for them on January
10. 1907; therefore require S4,549. 1893 So.
provided all the securities were dellv-
cred on that date and we paid off ell
existing mortgages.
There are $3.50, 200 in mortgages
covering parts of the right OF way
which do not have to be paid at the
present time, and, therefore. can be de-
Quoted from that amount. which would
leave the amount S4,199. 1913 90. l
would be obliged to you II you Will ar
range SO that / may get this amount
OF money on January 9, 1907. so That
NAV have IL in hand to make Tie
payments on the 10Th.
with the expenditure Of this money
the Millbrook Company will have in its
possession all of the securities above
mentioned and all OF the corporations
will be free and clear from any float
! ing indebtedness other than the mort
cages above referred to and the city
bonds which are deposited with .he city
and which bonds will be returned TO
US"
At a meeting of the special committee
in Mr.. Morgans Office on December 4,
1906, as recorded in the minutes. Mellen
reported that he had advanced S2,600,000
On account OF the Millbrook transaction.
making a total of s4.050.000 which he had
expended 10 date. This corresponds to the
amount mentioned in Mr. Thorne's letter.
Following the reading of Mr.. Thorne's let
| ter Mellen was authorized 10 deposit s4,-
| 200, 900 with ]. p. Morgan & Co.. as asked
for by Mr.. Thorne. On February 70,
| 1907, he was authorized 10 deposit $780,
900 additional, bringing the total that
had been deposited IN special account NO.
. up TO sS.S50.OOO.
On April u, 1897, Mr.. Mellen deposited
an additional s6S5, 900 with Morgan & Co.
At this meeting Mr.. Mellen also sub
mitted a. report made by Price, Water
house & Co., the accountants, which was
accepted, bearing the date OF February
%, 1907. On June 7, 1907. Mellen reported
that he had deposited with Morgan &
Z - Nd
June !.
This was approved. and he was author
lied 10 deposit 10000 additional. bringing
the total amount of Special Account No.
2 up TO sl0.o65,O00. On September 20,
1907, he was authorized 10 deposit $1,000
additional. bringing the total up 10 Sn,-
$4,000, which is the sum mentioned in the
report OF the special committee 20 the
board OF directors OF the New Haven.
ledyard Asks to Testify.
Flouting the offer OF immunity. Lewis
Cass Ledyard took the stand at tho New
Haven investigation before Commissioner
McChord this morning and demanded that
an opportunity be given him TO contro-
vert much of the testimony OF Charles 8.
Melen last week. Mr.. Ledyard had been
notified BY the commission that he would
not be called upon as a witness unless
he appeared voluntarily and signed
waiver OF immunity. He demanded that
he be placed on the stand. Most OF Mel
lens testimony he said. was made up OF
misstatements.
81 want 10 have the whole truth OF the
transactions placed before the people,
he said emphatically. 1T will be good
thing for the people and the business in
terests of this country. To be asked 10
sign a waiver OF immunity, however. car
ries with it a suggestion OF wrongdoins.
I do not desire immunity, and l VIII
gladly testify"
The hearing to-day lasted only fifteen
minutes. For some unexplained reason
no witnesses were Intercepted, although
Joseph W Folk, chief counsel for tho IN
terstate Commerce Commission, persisted
I'm TO a late hour last night in saying
that the hearing would go on as usual.
Commissioner McChord used the state
ment OF Mr.. Morgan as an excuse for
adiourning. After the examiners had
testified to their inability TO reach Mr.
Rockefeller and physicians afhdaVits had
been presented regarding the condition OF
Morton T. Plant, Commissioner McChord
suddenly announced that an adjournment
would be taken until a week from to-
morrow.
After the hearing adjourned there
seemed to be the impression that Attor-
new General McReynolds had won in his
controversy with the commission. While
the President has declined 10 take part in
the controversy. it is nevertheless be-
ueved here that the administration could
l. ri,,cv uras SlQnPndc0.