| Show COAL COMPANIES AND COAL RO O Interstate Commerce Commis Commission Commission sion sian Continues Its Investigations Investigations Into Their Relations A WITNESS 9 P b n 0 Very Ir rry One Olle It 1111 S hard In lo Oct A Jut Of pf of the Iho are unions among the witnesses who IN III be ba examined during the investigation thin of the Interstate commerce I Into the th alleged dIscrimInation by b tha tho railroads In this tho distribution of coal cry The Time hearings hf were cre to 10 today tOdo day diU do doThe The revelations last week when a u number of oC Pennsylvania railroad of oc officials accepting ce gifts Jr if tOC In various oft ott coal mining companion com corn panIcs panion Impelled lIed the commission to 10 sub lub mor Important In iii all an effort to determIne the extent of tho secret relations alleged to lo exist between the railroad and aM certain coal coni companies As Al n it result re ull of It if the Investigation mi ml minority stockholders of or the Pennsylvania l are said ald to be considering platis to 10 bring about a n more mort thorough probing through the state latuf Such Buch an aim Investigation would Include on an Inquiry Into Inlo all the details detail surrounding the Contract for steel itrel rain engines on lInes und and other equipment fluids In the last live five III or six Ix years year ear The present Investigation thou lion In is limited by the resolution to the relations relation of the rail rull railroads roads to tottie the coal colli and und oil oh Industries The Th entire sat for tor hearing hearl ng The Tha first liner wag aa W WA A Patton 1 1 lion PresIdent assistant at lit Phil nd Ho lIo was wu asked BIked what he h had In coal coat companies He Ie enumerated enumerated the tho various companies tn In which he hId held stock Concerning the Key Keystone Ke Keystone stone tono Coal company of which 2 0 shares were In III his hi name he ha sold said he got gottha time tha stock by b purchase and through the merging with the Keystone company of smaller companies in which he was I Interested Five hundred of oC thin lit shares he hui said mid belonged 1 to 10 his hili brother J JHoward JHoward Jhoward Howard Patton Fatton who Ii is Interested 1 In lim coal properties In western we Pennsylva Pennsylvania lenn nia itla Mr Ir Patton explained that ho lie held stock In five companies com which were pro consolidated with the K und un ann through that transaction secured his holdings in III n the Keystone company compan Mr proved nn an unwilling wit n M naps f when flu about his hl hold holdings lags ings In the tho AtlantIc Crushed rI Coke oke com company om pany nod and n nd repeated efforts ere made maxile by b Mr Ir to 10 draw a n positive nn na to 10 whether ho he had paid any actual ci r h for fOI his hl shares In Inthe Intile intile tile the Mr Ir explained tI that he ito became Interested In the time laud land company through J How lInus Howard ard arti who represented 1 the Inter Interests eats ests of oC Col Coi George F 1 Hurt Burr When the land was purchased lurch ho he cald the In vectors estors were snore obliged d to pay their pro nun nua share but ax as there had hul been bl bce 11 no nolo lo cH It wan WIllI necessary to pay In catli euh You got that obligation back I In stock Vero NII eru you ou required to pay anything toward 1 the purchase of ot the land I 1 Blood MOOil to lose loco and hal had It been necessary essary t ur would have paid paM my share allare Senator Cockrell heie hee h le Interrupted Haying It II seems to tl me nue to be an easy mat mal matter ter for you on to td l say Mb n you went Into n a speculative deal that none of you OU paid any nn cash amid that the corporation was wan responsible for the price I 1 Ido do elo not 1101 see sen tile the necessity of ot beatIng I about tIme the bush hll h As 11 ti n matter of tact said Chairman rho h II 11 Knapp You took the risk but dPI dill not riot lose 1010 anything n I 1 was wn nn nil investor replied time the wit witness ness Betide amid was wall treated the tho tame caine an nil another other Investors Concerning the Huron Coal COllI company Mr 11 Patton Flitton saul said he hue thought he Ito had COO 00 share butt but was 11 not certain which he acquired In the hue canto namo manner as ns his hili holdings In the Alia Atlantic 11 tic Crushed Coke company Ho lie was asked If he ever hell held stock In the Columbia Coal Coni com coin company pany Pan Ho lie said all he hud had tit lit Its It organization a tion but It 1 became a n polling sellIng company Instead of oC un all operating he ho noM his stock to a II la Ia banking company cOmpall What hn t bank hll Ilk took It 1 The rho Cussatt bank bankIn In tuft the Ih company Mr h Pat Fat Fatton PatIon Patton ton Ion Cold fald he ime hail had 1000 shares hares Ho lie sold sal l hn hi IH bv b bu note lole to 10 tho Iho amount of i oo for r r the the purchase of the land IlInd rIme Tho money was guaranteed by Mr Ir hank bunk ut III Green burg url Witness eald caid he lie got cot tIme the money back bak through the palo Kilo of or b Concerning the Cochran Coal oal com coin rany Mr Ir Patton said enl 1 there were ere or MOO nf ot undeveloped coal coat land rind mine of our people suggested to Thomas Cochran the desirability of de tie developing eloping It I IA Asked A kel rho lie meant by tome Iome of oC our people witness said raid bankers banker end and brokers and anti others who might bo be In iii In the development of ot tn th laud land Mr Ir Patton Fatton said ha ho was Willi obligated to 10 the tho of ol In thu the tallon of oC this thin company Thomas Thomnas Coch Cochran ran Ian going on III hU his hl note lie Ho acquired DOG shares In the company but hut paid no Interest on the note Tho Tue examination of uC Mr Ir Patton de tie developed the tM fact that he lie held stock Block In Inti ti r dozen coal companies c shares of ot which with a 1 par value of oC he had acquired without payment In addition Ad he owned shares which haul had been for Cor now How do you yuu explain the fact Mr Ir Patton queried Mr r that you ou acquired principally through lee Oeo leeI F I 1 Huff Huft such stick an enormous amount of stock Mr Patton Pallon ald ho M was trims born horn In west western ern arid and had hail had been bean bp n a n alife alife life lite long friend of or Col Cot Huff fluff Friend Friendship ship he h said Mid goes goe n a good ways These stocks were svere not given me for or any nn favors I J might flight be able to t I do the companies Were your our superior aware that you OU owned this thle stock asked naked Mr Ir Glasgow Oln o oI I think Mr Roberts and Mr Ir Thomp Thompson son were ere And Mr lr I Judge 0 o It t was wa generally known knon A w Iv GIbbs general superintendent sUp of or motive motle power at Altoona followed Mr Patton He lie saIl said h he owned no stock I and amud was In no way 1111 Interested Interest d In any coal company compan |
