OCR Text |
Show ! Fi lip ii f Albany, X. Y.. Fob. 17. S. Fred J Nixon was the third man that Scnn-' Scnn-' tor Hen Conger says Hiram G. Moe ! wrie on ow; of the envelopes In which they carried $6,000 to the state capital nine years ago to buy protection protec-tion for the bridge companies. The name of the former speaker of the assembly, announced today, completes ihe trio Speaker Nixon's envelope, aeronllng to Conger like. 8otor Jo- i than P. Allds, had 1.0U0, The re- 1 maludcr of the fund $4.onrt was in J the envelope given to Nixon's lieuten- Nevada shares In the market, many of our clients look to us for advice on this exchange, and we unhesitatingly unhesitat-ingly recommend thein to make the exchange. the underwriting of an Increase in ts own stock, for the purpose of enlarging en-larging Its milling capacity, that they lend us to make a brief statenn-nt at thi. time thnt our own clients, at least, may have a clear and correct view of the situation. "The Uah Copper company desired to acquire the Boston Consolidated property which is contiguous to it and on the same mountain, because thre are many large economies In the operating of th(se two properties as one. While negotiations for the acquiring of the Boston property were on. a large share-holding Interest In the Utah Copper company requested that an offer be made to them and to all other shareholders in Nevada Consolidated, Con-solidated, to absorb that property on an equitable hasls. While there are ro great operating economies In Che consolidation of these two properties, I there are some economies that can be I j rffr-cted by having them under the J I pame operating and engineering offl- I clals, and there are no disadvantages, j "There Is an advantage of another j sort, however. In this consolidtlon of the TTtah and Nevada companies. The combined operation of what have hlth- erto been three distinct operations j will create, both as respects magnitude magni-tude of business involved and tho cost of producing a pound of copper, one of the most powerful factors In the copper trade in the whole world. So far as producing copper cheaply is concerned, con-cerned, equally good results might be obtained by separate operations; but so far as obtaining for all concerned the highest advantage of the copper j market, we think It to their highest interest to carry through this merger. And with the completion of some other proposed mergers of a somewhat similar simi-lar size and character we believe that in some critical moments In the copper cop-per situation in the future H may be found very much easier to deal with difficult situations for the advantage of all concerned. "Aa we originally introduced the ant, Afsemblyman Jean Larue Bnr-ncit. Bnr-ncit. According to Conger from 1901, io IP'"'', a systematic campulgn was conducted at Albany against the treas ury of the bridge companies. For three years tho companies paid tribute trib-ute In 1905 notice came from Albany Al-bany that It would he to tliolr Interests Inter-ests to forward to tho capital J10,.'i00. Then tho mn who controlled the brlilse companies met In Syracuse and cxred Dot to pay. As Conger expresses ex-presses it, w decided we would not be blackmailed any longer. In the four preceding years measures meas-ures hostile to the bridge Interests had been Introduced regularly, hut they always failed to pass. But in 1"5 the legislature passed the highway high-way act which contained a provision nsalnra which the bridge combination had long contended- As a result of (his Itw sixty per cent of the bridge companies were forced out 1 of business busi-ness In New York state. Alldb' ac-1 cmer was on the stand all day and this was his utory. Tie told It under cross examination, and all Allds' attorneys at-torneys seemed quite ready to let him tell K. Their purpo., apparently, was to brand Conger as a giver of kibes, as a representative of brldgo interests In tho legislature nnd to show that in bringing th charges atralnst Allds he was actuated by a desire for revongo because of Allda' hcspltalfty to the business interests In which Conger had Invested. Conger followed thlr load with a readiness that can be explained by a desire to convince his colleagues that he would not bavo handled bribe money unlcBS ho and his business as-socl:Ues as-socl:Ues had been "held up by legislators." legisla-tors." and that tho bridge Interests in the past had to choose between blackmail nnd ruin. S. Fred Nixon probably held more power than any other member of the assembly that occupied the speaker's chair. He entered the lower house in 1SS7 and was elected speaker In 1899. He ruled tho assembly continuously up to the time of his death In 1905 The name of Colonel George W. Dunn, chairman of the Republican state committee rn 1902, was broucht definitely Into the- evidence today, ihus making him available as a witness wit-ness at future Investigations. Conger Con-ger said that he called on Dunn at his office hero and made n contribution for lnh himself and the bridge companies com-panies He did not ray how much It was. |