New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1915-11-10
Shares Produced Fail to
Show Record or Trans
fer Tax Stamp.
pFNCIL MEMORANDUM
IS STILL MISSING
u,ekIn Appears as Assignor OF
the Documents in
Blank.


-, ,He. he turned over 3s7 shares %
r,htns company stock 20 his wife was
-, established by the actual certifi-
.,,., which Mr. Mccall produced yes
,,,d,v sefore the Thompson legisls-
,,,. eommittee. The certificates were
;,5orsed bv the nominal holder, John
vsckin. McCsll's dummy and former
.,,sS.rtial officer. and the name Of
u,. Mccall does not appear. They are
,i,hout the stock transfer tax stamps
~h,,b the law demands shall be sf-
s,sd 10 every certificate when the own
,,sbip changes, violation Of which
carries penalty Of Ane. imprison-
msnt or both.
The examination OF the Public Ser
ric. chairman also brought to light the
fsct thst he recently argued a case for
co-dsfendant in an unsuccessful suit
brought by Oscar Hammerstein against
he United Booking Offices. and that he
had accepted p retainer for this work
rear before his appearance in court
ia this case.
In the examination Of Mr.. Mccall il
Va. further developed that despite II
protest Of the Corporation Counsel,
and after Commissioner Maltbie had.
,or twenty months. refused TO permit 2
subsidiary Of the Kings County Elec-
.rie Light and Power Company-in
which Mccall had had Ss7-share in
,.rest-to purchase the outstanding
stock Of another lighting company, this
permission Was granted by the commits
sion six days after it hal been de-
handed By William r. Sheehen. in a
litter to Commissioner J. Sergeant
Cram.
MIR. Mccall dd not vote on this
matter. William +. Sheehan wrote as
the attorney for the subsidiary, the
Electric illuminating Company of
Brooklyn
Cram Belligerent on Stand.
Commissioner Cram. who was the
only other witness of the day, declared
that he didn't recall anything about
this proceeding, and that IL was too
trivial a matter TO be remembered. AL
most everything that he was questioned
about yesterday was trivial, he SAID.
and he became so belligerent in his at
tltude toward the committees counsel
that the latter dismissed him sngriiy
from the stand. Whereuron Mr. Nc
Call, who had warmed up the morning
session. suddenly became a smiling but
unsuecessful peacemaker.
Mr. Mccall, at the start Of the ses-
sion in the County Lawyers Associa-
tiop rooms, at 165 Broadway. produced
he four certificates of stock in the
Kings County Electric Light and Power
Company which he was asked for On
Monday Three Of the certificates Were
iOr 100 shares each; the fourth was for
sighty.seven shares He said he had
found them in drawer in Mrs. Nc
Calls bureau. where she put them when
hs g.ve them 70 her before February
:, 1918, when he went on the commits
sion. As he had explained in pre-
vous testimony. they were purchased
in the name Of Mackin, his dummy.
On the back Of the certificate was
he regular printed form OF indorse-
ment TO be filed in when the stock is
transferred. But the only names writ
ten In were those of Mackin and Nc
Call, Nsclin as the indorser and Nc
Call as the witness. The date was
December rs, 1908. The line for
The name Of the person receiving the
stock on transfer was blank, and go
was the line calling for the name o:
ne person appointed attorney to trans
FER II.
Wife's Name Not on Certificates.
"Was there anything in written form
sitesting this assignment by you %
your Wife," asked Merton 4. Lewis,
counsel 20 the Thompson committee.
II muot certain, but my best recol-
lection Is that there was a pencillcd
memorandum Of IT," Mr.. Mccall an
swered
The stock was a gift from him TO his
wife, he said When II was called v
bis attention that transfer stamps we 2
not on the certificates he said that form
had been overlooked. He knew the law
required that they be attached
Violation OF this law is misde-
mesnor. Il prescribes that a person
who fails 10 affx two cents in stamps
for every SlO0-face value-in stocks
s liable 20 fine Of from $500 70 ST.
900, or not more than six month"; inn
prisonment. or both.)
Can you find that pencilled memo
fandum ?" Mr.. Lewis asked.
NO was the reply; 81 don't know
where Il is. | recall that handed II
10 Mrs Mccall along with other pa
pers. did not single it out for special
care; was cleaning up things hurried
~ before ] took Office"
The next time you transfer any
stock. you'll probably engage a lawyer
20 do IL. won't you7" asked Senator
Thompson. the chairman.
Mr.. Mccall laughed.
Yes. ] will" he replied.
From the time that he handed the
certificates 20 Mrs. Mccall 20 yesterday
morning. when he took them from her
bureau. he had not seen them. he told
hr. Lewis. As FOR his reasons for hav-
ihg Msckin appear as the owner Of the
s'ock, why II was just an ordinary
.snsaetion; something that is done
every day"
Denies Attempt to Avoid Tax.
ne denied that this method had been
.ohoseo 10 avoid paying taxes. or 10
conceal the real owner. He mad not in
ehced putting the stock in his own
nsne later on; he hadn't thought any
ulrg about that" And rs for possi-
0ie embarrassment 20 be caused by his
Ynaiure As witness. in the event
mat he tried later 20 put il in his
eNn name, "what earthly question
.ouid be raised on that in the face OF
ihe record"
hr. McCall's face had become flushed
Soniinued on page 4, column