The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-02-02
PARTNER MUST
TELL PROFIT IN
HEDLEY DEALS
Pizzini Ordered by ThOmp-
sol, Committee to
Show Books.
HANDLED DEVICES
AND REAL ESTATE

Tho Thompson legislative committee
continued yesterday 20 reveal the mar
,cIlous capacity of Frank Hledley for
doing a great many things. any one OF
which would tax to capacity the ability
of an ordinary individual. In addition
to being the vic,-prcsident and general
manager OF the marlborough Rapid
Transit Company and the New York
Municipal Railways Company. with
charge over operation. maintenance and
construction, and chief engineer cf the
Rapid Transit subway Construction
Company, for which he receives only
$780, 900 a year. Mr.. Hedley hnds time for
many other things.
He read into the record yesterday n
list of thirty patents on devices which
no has invented during his spare mo-
ments. He presented another tabulation
showing tina during the last three years
he has dlvided receipts totalling more
than $780, 900 with J. s. Doyle. the Inter
borough's superintendent Of car equip
ment. Tomorrow Mr. Hedlcy is going
10 tell in toto just how much money
no has made out Of his inventions in
the last nine gears.
Andrew ]. Pizzini. vice-p esident in
charge of sales of the Railway Improve
ment Company. was the medium through
whom was revealed certain Of Mr.. He'd
ley's adventures as a rinancier and real
estate promoter.
FINAL Payment q Week Ago.
Mr. Pizzini testified yesterday that it
was he who urged the sale of Mr.. He'd
ley's stock SO that he could get control
of the ompan and he testified further
that II wasn't until a week ago yesterday
that the hnal payment was made to Mr..
IIedle,. From the testimony II Mr..
uedley himself IL was developed that his
fear OF the differences to be drawn By
UNFRAMED minds did not extend TO
his retention of "A $4,000 investment in
the Computing, Tabulating and Record
iug Company, which manufactures the
coasting time clocks invented by Mr..
Hedlcy and DOYLE and which supplies
them to the lnterborough and other
roads.
When he was asked to name the COM
panies n which he and Mr.. Hedley are
interested, Mr.. Pizzini mentioned the
Gun Hill Realty Company. which own
twenty acres at Gun I'm road and White
Plains road. in The Bronx. lie said
that some years back MIR. Hcdley told
him that a land syndicate had beer
formed and that he ought to get in be.
cause the land would undoubtedly in.
crease in value with the growth of The
Bronx. Pizzini said he o o Hedley's
word for il and went in to the eXten,
OF $4,000. He wasn't sure who his
associates in this company are except
MIR. Hedley.
Didn't Mr.. Hedley tell you tina hi:
land was located on the route OF the
new subway and that there would be
q station there"
n he did not"
Says subway Wasn't Factor.
This question was repeated in variou,
forms. but the witness stuck TO the asser
ton that not until some time after III
had invested did he and Mr.. Hedley
discuss the possibility Of seeing the valu,
Of the land increase because OF the new
subway.
Mr.. Pizziri was directed To bring I,
tho hearing to-day Il statement of al
sales of the Railway Improvement Com
pany and OF all moneys paid 70 Mr.
Hedley and Mr.. Doyle. He was likewis
directed to bring "A statement of al
sales made to the marlborough an
New York Railways Company throug'
the Wendell X McIJuffy Company.
concern which acts As sales agent 70
manufacturers and 81 which Mr.. Iizzin
Ia also the vice-president.
Mr.. Hcdloy's statement OF payment
made TO him for varying periods durini
the last three years showed that fror
tho Prepayment car Sales Company h
received sll.Oo0; from Tn" Wcstjng
house Ar brake Company. $3.50; fror
tho marlborough for his coastinc tim
clock. SI2.3S3.7J: from the Interior
ough for his auti-c!imhor device. s2.790
from the Railway Improvement Com
pany for IN" coasting time "loc'
sAS2.50, and from his same oompan
for his Iu,i-climher device, sli,s2T.5:
In addition to this Doyle received. h
said, q total Of s32,is6..5 for his shar
In certain devices.
After naming o"cr and dnscrihin
thirty of his patent" devices Mr.. He'd
lev said that al 80 then were tn use q
the elevated ,uads, 'lr subwitys or Ia
street cars. except or." mechanism AN
ihrec allied mechanismS. and that thi
one would shortly be put in use.
And All of them 7 paid for pei
sonally,' he added. II paid the pater
foes and the attorneys fecs."
Dtdn't Pay for Labor ana NstcrinI
But you didn't pay for the labo
tin. u.a,n ,Ntpp1itnTnS and fh.. rnlfariul