The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-11-10
MCCALL STOCK
DOESN'T SHOW
WIFE OWNER
Certificates Bear No Evil
dence of Transfer Tax
Oversight. He Says.
VI TALK
OF ACTION

Judge Edward L. Mccall admitted
yesterday before the Thompson legisla-
uve committee that there is nothing but
his word for Il that the 3S7 shares OF
stock of the Kings County Electric Light
and Power Company which he formerly
owned are now the property Of his wife.
The certificates show no transfcr 20 her.
no consideration WAS paid for them, no
transfer tax was paid as the law re-
Quires ana no transfer stamps were af-
liked to the certificates to show that
their ownership had changed. The only
documentary evidence of the alleged
transfer is "A pencilled memorandum and
that memorandum, Judge Mccall de-
clared, he had been unable to find.
when so much mad been spread upon
tho records OF the committee yesterday
chat phase of the Investigation was
dropped. except for IA careful reading
into the minutes Of section 27O OF chap
ter 292 of the laws of New York. wherein
d. is stated that "A tax must he paid
upon all transfers OF stock and that
transfer stamps must he affixed to the
stock so transferred or to the memoran-
dun Of such transfer. The penalty for
falling to pay rhe tax OF to affix the
stamps Is a line OF from $500 TO 81 900,
or imprisonment for not more than siN
months. or both.
No member of the committee would
say what would be done in the circum-
stances. Deputy Acknowledgement Mer-
ton r. Lewis, counsel for the committee,
declared he would have nothing to say
about the matter.
Il Will not ak about IT," he said
al am not Interested in what is done.
All | am here for is to develop facts
Whether rhis case y called to the at
N.psf,n ~ tho mist rigf Attorney or moi
81 a matter for his committee to de-
eide
J.. Sergeant Cram Warlike.
Senator Thompson. chairman of thc
Commute c. was equally evasive. Whei
asked If he considered the facts brought
cut Yesterday sufficient to warrant q
Recommendation for tho removal VI
Judge Mccall as chairman OF the Publ,
Service Commission or other action ls
Just smiled. 1t was apparent that tn,
committee. which came down here orig
finally for the purpose OF cleaning on
the Public Service Commission, was sat
istcd that IT WAS justifying Its exist
en.e. JuJs. Mccall was not so afabl'
o. the LAY before.
Il. only rif; in the serene atnoS
phcTc IN which tn" committee cnvelopet
ttscif YESTERDAY w-s caused by Commis
siuncr j. Sergeant cram. He drifted Int,
the hearing about the time d Nc
Can was beirA hard pressed with qucs
tionS and Immediately. and according I,
lis custom. upset things by telling thu
committee he didn't care IA snap Of hi
fingers for anybody on il and would
turn out 10 he "A mighty recilci,rant Wit
ness If anybody treated him with any
other than the measure Of courtesy Il
which he was entitled. Judge Mccall
tried to smooth things over, but Senator
Lewis had had enough OF the belligeren
Cram and let him go.
Chairman Mccall brought to the hear
ing with him four certificates of th'
stock of the Kings County Electric Ligh'
Snd Power Company, three of them to'
100 shares each and one for eighty-sever
shares. They showed that Oh Deem
Der rs. 1905. they were indorsed II
blank IN the presence of Judge Mccall
by John J. Mackin, the Judges conn
Dental man. who had been the DUNN!
owner of them since December II, 1908
the time that the certificates were re
turned to Judge Mccall by Andrew
Freedman. No other Endorsements ap
peared upon the certificates, although
Judge Mccall had testified that jus
before he became a Public Service Com
missioner he transferred them to Mrs
NcCall.
Mrs. McCnlI Got Memorandum.
The witness testified that he CAV
Mrs. Mccall a memorandum at the tim
he gave her the certificates, but that II
the hurry OF clearing UP his prlvat
business he neglected TO make any othe
record OF the transfer. to pay the Ia!
or To affix the proper stamps. He In
sisted he had never seen the certificate
since that time and again explained hi
previous putting them in Markin's nam
a. an ordinary transaction without III
terror motive. The fact that the indorse
ments on the certificates are still II
blank as signed by Mackin prompte,
Senator Thompson to ay:
Then the stock right now Is in posi-
ton where you can do anything yo'
want TO with it"'
mo, IL isn't" Judge Mccall retorte'
quickly, following up his answer wit
the declaration that insinuations ,
wrong motive were constantly beinl
made by his questioners. He also de
nounced the Interpretation that had bee
put upon his statement that he was a
much interested in seeing that Mrs. Nc
Call got her quarterly dividend checl
as he could have been II he owned III,
stock himself, He averred that he
ownership OF the stock would no MOI