New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-02-20
Stevens contract on the part Of Lam
and Read"
Quotes from Bible.

Stevens contract on the part Of Lane
and Read"
Quotes from Bible.
"Then why did you only ask Lane
into the side room?"
an quote from Scripture: Two
women shall be grinding at the mill,
and one shall be taken and the other
left | don't know but il was that"
"Was there anything singular in
Lanes resignation from the board :"
mo. lie told me his health had been
failing and he couldn't attend meet
ings. He only attended eight or nine
while ! was president
Both Lane and Read resigned from
the directorate almost Immediately
after their difference with Shonts on
the Stevens contract. George W. Young,
who stood with the two against the
Stevens contract. did not resign, but
failed of reelection as director at
the next annual meeting.
How did you happen 70 say TO Mr..
Lane that neither you, Stevens nor
Freedman were TO get any share OF the
100000 commission ,"
81 never heard of any commission of
100000 until | read ii in the papers"
Senator Thompson then took up the
examination.
Never Agreed on a Percentage.
"Do you think" asked the Senator,
Chat Commissioner Maltbie, or Mr.
Hardness, Of the commission, would
come here and swear 10 falsehood"
mo. 7 think you are telling me the
truth. On certain conditions, | would
have been willing to pay 10 per cent
commission, provided the contractor
furnished the plant and equipment
you are familiar with the testimony
that you said Stevens should not re-
ceive less than 10 per cent. and that
it might be from u to 2o?"
mo"
"Are you familiar with the fact that
Judge Mccall swore ere that you
ought 10 be knocking at the door OF
this committee and asking for an OPP
portunity to explain?"
81 know that what you are telling me
Is true, but Stevens and | never agreed
on q percentage"
4 Didn't you intend as a matter Of
( fact 10 take Stevens's name out OF the
contract and substitute the name OF
somebody else"
"No, sir" answered the illness. 81
never did. That is something new:
get something new here every day"
"Who was 1t suggested tha' Stevens
get 90 per cent?" asked the Senator
81 think it was Mr.. Hedley.'
Mr.. Colby then took the witness in
hand and after several innocuous
questions asked:
did you say TO Mr.. Lane anything
about your commitments and obliga-
tons having TO do with the dual SUBJ
way contracts 2"
mo, sir. l emphstically deny that"
Says Morgan ApOlogized.
The witness, in answer 20 questions.
testified that on the day following the
refusal OF Read, Lane and Young to
approve Of the Stevens contract j. p.
Morgan sent for him. His recollection
was that Mr. Morgan told him that
either Lane or Read visited him and
asked him to use his influence against
the Stevens contract. He said they
went to Mr.. Morgan because he was at
the head Of the syndicate that foated
the Interborough's bonds.
did Mr.. Morgan object 20 the work
being undertaken by any contractor on
a commission basis ?" asked Mr.. Colby.
"No, Mr.. Morgan never objected TO
anything. He said Mr.. Lane and Mr..
Read objected. That was all. He
afterwards apologized for asking me to
come down"
IF the Public Service Commission
approved this contract it would have
gone through" asked Senator Thomp-
son.
at would il il had the confidence Of
the Interborough directors"
and If the Public Service Commits
sion signed il you would never have had
to 90 there again and you could have
filled in the blanks any way you want
ed to-"
ayes"
Preferred Safety TO Dollars.
Mr.. Shonts then said that the reason
he wanted TO pick out a contractor for
the third-tracking OF the ~" instead