The sun., 1916-01-19
SEEKS TO FREE Ii.
ROAD FROM PENNSY
Dick Bros, Suit Shows How
Finances Give It's Con-
troll to Other.
HENRY TATNALL WITNESS

The testimony Of Henry Tatnali. vice.
president Of the Pennsylvania Railroad
In charge Of finance. concerning the re-
lations between the Pennsylvania and
Long Island railroads. and also the
contract between the Pennsylvania and
New Haven for use of the New York
Connecting Railroad CompAny's lire
from from The Bronx to Long Island,
was begun yesterday.
Mr.. Tatnall was examined before trial
stock Exchange nrm. In behalf Of
themselves and other stockholders Of the
Long Island against tho Pennsyivan MIA,
the directors Of that road who are also
directors Of the Long Island. August
Belmont. Frederick O. Bourne, Walter
o. Oakman and Ralph Peters. ding Is
land directors. and the PENNSYLVANIA
Terminal Railroad Company.
Tho petition OF Evans II. Dick or
which Justice Philbin directed Mr. Tat
nall to testify. stated that the suit ia
FOR an accounting Of the affairs OF the
company and all the money spent in
improvements and betterrnent since 1901,
and for cancellation OF all the In
debtedness claimed to he due the Penn
sylvania by tho Long Island.
The complaint also asks that the Long
Island he restored TO ITS status as on
independent company" and that an An
1uction he issued restraining the alleged
illegal conduct OF the defendant directors.
The answers all state that all the acts
done since the acquisition of control
OF the Long Island by the Pennsylvania
Railroad have been necessary for its
proper development and have been In
the interest OF Its stockholders who
are alleged 60 have ratified the acts of
the directors.
Mr.. Tatnalt testified that he has been
v!"e-pre': 1t " both the PENNSYLVANIA
and L'.-y island roads for years, and
until 1909 was treasurer OF the Long
Island. lie owns $50 shares Of the ST ock.
the bulk Of which he bought in the open
market. He testified that of the Long
island Railroad stock bought by the
Pennsylvania all but lO7 shares were
bought from Lewis Cass I.edyard and
charles Pratt & Co. at $50 a share. The
lo1 shares were bought from the Long
Island. Mr.. Tatnall gave n list showtn, !,
that Samuel Rea. president Of tho Penn.
sylvania, has $500 Long Island shares =;
w. W. Atterbury has $500 shares and
ciNNdi ItoDPrts, JS., and T DE Witt
'uyler own 1883 and 4,so5 shares re-.
spectively.
Concerning a statement some years
ago by President Baldwin Of the Long
island. used In aiding bond sale hy
Kuhn. Loeb & Co. that the New Yori;
Connecting Railroad would form a link
Tor both passenger and through traffic
Mr. Tatnall said he didn't believe IL
would aid passenger traffic. Under IN.
arrangement the through traffic between
the Pennsylvania Station and the New
Haven is not to be carried on the Long
Island. he said.
Mr Tatna!l testified that the Pennsy,.
vania holds $4,000. 600 debentures and
ftooo.Ooo demand notes OF the Long
Island. lie admitted that the Pennsy,.
ran!a is in the position to call the notes
al any time.
You know from your connection with
the Long Island Railroad that II Is no,
IN a position 10 pay them" asked l..
Laf'in Kellogg. attorney for the plain.iry,
II do" replied Mr. Tatnall The
amount spent for impr royement since ths
pennsylvania got control is s5o.OO0,ocO.
lie said.