New Britain herald., 1915-10-27
NEW HAVEN ROAI TRIED ID DECEI1
 MASS. AUTHORT1
Government Places Written mOny Before Jury of Old q
 Steamboat Minority Stock
MELLEN RESUMES STAN|
 FOR THE SIXTH

Alleged That Steamboat stocl
 tained Was Temporarily
 ferred to DrexeI Morgan and
 pany UntiI Legal Authorits
 Been Obtained EntitIing New
 System to Hold it.
 New York, Oct. 27.-when q g. Mellen resumed the witneas today for his sixth day of ted at the trial of the eleven di and former directors of the New New Haven and Hartford r under the Sherman anti-truss Attorney Frank Swacker, for ti crnment, spread before the jur| ten testimony to prove that tf Haven directors took action
 ceive the authorities of Massac at a time when it was seek acquire the minority stock of n Colony Steamboat company, bI 1894. He read into the \ minutes which indicated tha. board of directors took cognizd the fact that the Massachusetts| was inquiring into the lease c old Colony railroad by thel Haven and the old Colony Sted company and that the question New Ravens policy in the matd discussed.
 Steamboat Stock Transient
 The government alleges tha steamboat stock acquired was porarily transferred to DrexeI. N and company. J. P. Morean's delphia house. until legal aud had been obtained entitling thl Haven to hold it.
 "The chairman called to the ton of the committee" read T dated February 27. 1894. "the \ of the proposed purchase oi Colony Steamboat stock and tho objections that might be raj the acquisition of this stock. He also stated that in view of q advisability of this company acqS the stock in question he had arr1 with Drexel, Morgan and compa the purchase and ownership by of so much of said stock as has acquired, this company to ha option to itself to buy said std cost and five per cent. interesf Drexel, Morgan and company indemnified against loss by reaa said option"
 Gave Note for Stock.
 Later minutes indicated that n Morgan & CO. gave their not the stock for s500,00O and that note was exchanged for the after the Massachusetts Railroad mission had made it possible I'd New Haven legally to hold ft.
 How J. P. Morgan and " bought control of a peting road at the request of Clark. president of the New Havl the early nineties and made fivl cent. on their investment. was vealed in letters written to the Clark. Tn one dated April 2s, ho called their attention to a cor plated extension of the Rhode I and Massachusetts railroad. whic said, would he a competitor of New York. Providence and Ed ,ne of the roads just acquired bJ New Haven. He advised the purd ,f the majority stock of the rod , good investment.
 Supplied Clark With Funds.
 Three years later Clark wrota ,Iicate letters to Messrs. Rocked nd Morgan which indicated that lad supplied the New Haven f4 ent with the funds necessar,H ,urchase the stock. Clark in d stters returned to them the prod f their investments, equal to five ent. and thanked them for entd lto the transaction which preve he construction of a competing nd so we'll answers the purpose mich it was acquired"
 Returns to Chief Rival.
 Returning to the acquisition in f the New Ravens chief rival, lew York and New England, attorney read Into scord minutes and correspond E itended to show the steps take that road for the bc [ the New Haven and eventuallf rquire outright ownership thrds le acquisition Of outstanding mind lares. Again the question came up. NI rr.-. Mellen. was on the stand ida| ing the documents. as to whethel ,ould be cross-examined at the c| [ the present phase of his testlmd hich probably will be concluded ay. or after his recall at a later dl ttorneys for the defense asked Is immediate cross-examination ldge Hunt again reserved dccid d the matter.