The New York herald., 1922-11-01
Continued from First Page.

had had any previous experience in the
bus business.
Frankenberg said he had supplied the
only original working capital, which
was $1,000 He supposed he had
loaned that sum TO the corpora on. but
he had nothing by way of note or
any commercial paper to show for the
loan. Frankenberg insisted also that II
was his personal resources and credit
that financed for the new corporation
the purchase OF seven new buses from
the Packard and the General Motor
companies at total cost in excess of
$1,000 one-half OF which he still owes
The notes he gave are unindorsed, he
said When Commissioner Harkness
expressed surprise that he enjoyed such
high credit. the witness poasted that he
could get $4,000 credit with any motor
company.
AS president. Frankenberg testified.
he draws a salary of $40 week in adj
diton to taking his cne-tbird of the net
receipts. The secretary and treasurer.
whose duties. 1t appeared, were nonli-
nal. draw no salaries. but they also
have their one-third each of the reve-
nues, all of which are deposited to the
personal account of Frankenberg in the
Columbia Bank Westchester avenue
and Southern Boulevard. Once each
UiOllln LltIt Is ~ dlN lSlbll NiAliVuN LlAt
formality of holding a directors meet
ing. Frankenberg drawing checks to
the order of Karsch and Borschard,
each for his one-thlrd share.
1t appeared from the csvil list that
Borschard on January 2i, 1918, while
O'Neil still was Sheriff. was appointed
Deputy Sheriff at s., 800 II was this
disclosure that caused Mr. Shearn to
refer to this bus company as 1.-THE
x-tf .Frf tia,, - h.. x.ftf
ness said he did not think either Karsch
or Borschard had any part in obtaining
the corporations permit
Frankenberg said he knew he had
been subp9naed to bring his bank book,
account books and checks for the COM
missions inspection. He said he had
been unable to do so, but hoped to COM
ply with the demand to-day. IT couldn't t
get my records out OF my safe" said
the witness.
why couldn't your
81 couldn't get the combination" was
the reply. which caused laugh.
WHAT And you are the president OF
the company! You know the safe COM
bination. don't you?"
Yes. but 1 couldn't work 1t"
did you try very hard?'
"Well. / did. yes" sputtered the bus
company president. ''I will tell you
why-it Is an old time safe-you know
what I mean" There was another laugh.
Counsel here read into the record a
letter from Commissioner Whalen. dated
August 23 last. authorizing the corpora
tion to charge a fiat fare OF 10 cents
and a fare of 20 cents for passengers
passing beyond the routes first zone The
entire distance between terminals, Il
appeared. Is seven and a half miles.
Prior TO Whalens order the fiat fare
charged had been 20 cents regardless OF
the distance a passenger rode.
The witness was asked whether Under
Sheriff O'Neil had not some interest in
the company.
mot very much" replied Franken-
berg and then he added: mot any in
terest in the company. He and l are
very friendly often did favors for
Mr. O'Neil and he did favors for me-
He explained that IL some friend wanted
job he would go to ONeil. the dis
trict leader. to find employment for him
O'Neil also had done many favors for
him, but his assistance In securing the
bus line was the biggest.
Addressing the commissions Mr.
Shearn said: This concernSis a com
mon carrier and. of course, ~properll
subject 10 the jurisdiction of this com